How big is the Luxury Apparel Market?

The Luxury Apparel Market size is expected to reach USD 110.13 billion in 2024 and grow at a CAGR of 6.56% to reach USD 151.32 billion by 2029. Read More

What is the current Luxury Apparel Market size?

In 2024, the Luxury Apparel Market size is expected to reach USD 110.13 billion. Read More

Who are the key players in Luxury Apparel Market?

LVMH Moët Hennessy Louis Vuitton, Prada Holding S.P.A., Kering SA, Hermès International S.A. and Capri Holdings Limited are the major companies operating in the Luxury Apparel Market. Read More

Which is the fastest growing region in Luxury Apparel Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Luxury Apparel Market?

In 2024, the Europe accounts for the largest market share in Luxury Apparel Market. Read More

What years does this Luxury Apparel Market cover, and what was the market size in 2023?

In 2023, the Luxury Apparel Market size was estimated at USD 102.91 billion. The report covers the Luxury Apparel Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Luxury Apparel Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging trends in Luxury Apparel design?

The emerging trends in Luxury Apparel design are a) Gender fluidity b) Athleisure influences c) Technology integration Read More

Luxury Fashion Market - Size, Share, Analysis

Luxury Fashion Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Luxury Apparel Market is Segmented by Type (Upperwear, Lowerwear, and Innerwear); by End User (Men, Women, and Children); by Distribution Channel (Offline Channel and Online Channel); and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers Market Size and Values in (USD Million) During the Forecasted Years for the Above Segments.

Luxury Apparel Industry Overview

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.