Market Overview

The Global Luxury Apparel Market was valued at USD 130,260.3 million in 2023 and is expected to reach USD 222,143.6 million by 2031 while growing at a CAGR of 6.9% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global luxury apparel market growth. Luxury apparel encompasses a wide range of high-end clothing and accessories, manufactured, distributed, and sold by renowned fashion houses, designer brands, and luxury labels. These items are positioned at the upper end of the market in terms of quality, craftsmanship, exclusivity, and brand prestige.

The expansion of luxury brands into global markets, coupled with evolving fashion trends, drives the growth of the luxury apparel market. However, obstacles such as changing consumer preferences and economic downturns may impede market expansion.

Furthermore, the global luxury apparel industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Luxury Apparel Market is segmented among Upperwear, Lowerwear, and Innerwear, based on Type. In 2023, Upperwear accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End User Analysis

The Global Luxury Apparel Market is segmented among Men, Women, and Children, based on End User. In 2023, Women accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Luxury Apparel Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Kering SA, Capri Holdings Limited, Prada Holding S.P.A., Dolce & Gabbana S.r.l., LVMH Moët Hennessy Louis Vuitton, Burberry Group Plc, Giorgio Armani S.p.A., Ralph Lauren Corporation, Ferragamo Finanziaria S.P.A., and Hermès International S.A.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Luxury Apparel Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Luxury Apparel Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Luxury Apparel Market Segmentation, By Type

• Global Luxury Apparel Market Share Analysis, By Type

• Global Luxury Apparel Market Growth Analysis, By Type

• Global Luxury Apparel Market Trends, By Type

o Upperwear

o Lowerwear

o Innerwear

6. Global Luxury Apparel Market Segmentation, By End User  

• Global Luxury Apparel Market Share Analysis, By End User

• Global Luxury Apparel Market Growth Analysis, By End User  

• Global Luxury Apparel Market Trends, By End User

o Men

o Women

o Children

7. Global Luxury Apparel Market Segmentation, By Distribution Channel

• Global Luxury Apparel Market Share Analysis, By Distribution Channel

• Global Luxury Apparel Market Growth Analysis, By Distribution Channel

• Global Luxury Apparel Market Trends, By Distribution Channel

o Offline Channel

o Online Channel

8. Global Luxury Apparel Market Segmentation, By Region

• Global Luxury Apparel Market Share Analysis, By Region

• Global Luxury Apparel Market Growth Analysis, By Region

• Global Luxury Apparel Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Kering SA*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Capri Holdings Limited

• Prada Holding S.P.A.

• Dolce & Gabbana S.r.l.

• LVMH Moët Hennessy Louis Vuitton

• Burberry Group Plc, Giorgio Armani S.p.A.

• Ralph Lauren Corporation

• Ferragamo Finanziaria S.P.A.

• Hermès International S.A.  

*Similar analysis will be provided for each company listed above.