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The LAMEA Luxury Apparels Market Size is estimated to witness a growth of 6.8% CAGR during the forecast period (2017-2023).
Luxury apparels can be simply defined as garments or attire that compliments a persons overall appearance. The type of rich fabric used in the manufacturing of the attire gives the luxurious or classy look to an outfit. Luxury apparels have become a necessity in the modern fashionable world. Wide ranges of luxury options are available for casual as well as in fashion wear; one can select the attire as per the occasion. Traditional fabric such as pure cotton and silk are some of the popular types of luxury fabrics. From a business and brand point of view, dresses that are made up of high quality and creative designs could attract more customers. It has been observed that female segment holds the maximum market share within the luxury apparel market, owing to the wide range of options available in womens clothing. Almost every brand provides different collection of luxurious apparels for women. In the fashion industry, womens clothing has also holds the largest share as creative and innovative apparel designs are widely available. However, brands are now also coming up with new range in mens luxury apparels. Hence, it would bring great opportunities for luxury apparels market.
Based on the Mode of Sales, the Luxury Apparels market is segmented into Online and Offline. Based on End Users, the market is segmented into Men and Women. Based on Materials, the market is segmented into Cotton, Silk, Leather, and Denim. Based on Country, Luxury Apparels market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of Latin America, Middle East & Africa (LAMEA). Brazil remained the dominant Country in the Latin America, Middle East and Africa Luxury Apparels market in 2016. UAE would witness promising CAGR during the forecast period (2017-2023). The report covers the analysis of key stake holders of the Luxury Apparels market.
Key companies profiled in the report include Ralph Lauren Corporation, LVMH, Burberry Group Plc, PVH (TOMMY HILFIGER USA INC.), Nike, Inc., Giorgio Armani S.P.A, Hermes International, Inc., Michael Kors Holdings Limited, Kering (Gucci), and Hugo Boss AG.