Market Share of Luxury Apparel Industry
Some key players operating in the global luxury apparel market are Prada S.p.A., LVMH Moët Hennessy Louis Vuitton, Hermès International S.A., Capri Holdings Limited, and Kering. These players hold a dominant share of the overall market. The other prominent players in the market are Ralph Lauren Corporation, and Burberry Group PLC, among others. Manufacturers are mainly concentrated in Europe and North America. High entry barriers, since most consumers are loyal to certain brands only, create difficulty for small players to enter this market. With a relatively fragmented and competitive landscape, robust marketing campaigning is key in retaining consumer interest.
Luxury Apparel Market Leaders
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LVMH Moët Hennessy Louis Vuitton
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Prada Holding S.P.A.
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Kering SA
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Hermès International S.A.
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Capri Holdings Limited
*Disclaimer: Major Players sorted in no particular order
