Luxury Tie Market Scope
A luxury tie is a piece of fabric worn around the neck for fashion or professional reasons. It is a common type of neckwear and made of a variety of different materials such as wool, linen, or cotton. Luxury ties are manufactured with high-quality materials such as silk and polyester. Increased disposable income of the people, increased adoption of luxury lifestyle and robust increase in working professionals are the driving factors for the luxury tie market across the globe.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Brooks Brothers Group, Inc. (United States), Giorgio Armani S.p.A. (Italy), Ralph Lauren Corporation (United States), Hermès International S.A. (France), Louis Vuitton (France), Christian Dior SE (France), Gucci (Italy), VIP TIE (Italy), Ermenegildo Zegna (Italy) and Bulgari (Italy) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Luxury Tie market throughout the predicted period.
Brooks Brothers Group, Inc. (United States), Giorgio Armani S.p.A. (Italy), Ralph Lauren Corporation (United States), Hermès International S.A. (France), Louis Vuitton (France), Christian Dior SE (France), Gucci (Italy), VIP TIE (Italy), Ermenegildo Zegna (Italy) and Bulgari (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Gianni Versace S.r.l. (Italy), Prada S.p.A (Italy) and Fendi (Italy).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Luxury Tie market by Type , by Application (Men, Women and kids) and Region with country level break-up.
On the basis of geography, the market of Luxury Tie has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Luxury Tie Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - High Demand for Luxury Products
- Growing Adoption of Cotton Apparels
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Key Restraints | - Comparatively Expensive than the Conventional Tie
- Continuously Changing Fashion Trends
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Challenges | - Volatile Consumer Demand as well as Fashion Preferences
- Increasing Need for Sustainable Alternatives to Conventional Textile Manufacturing
- Availability of Low-Quality Products in Cheaper Rates
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Market Opportunities | - Rising Adoption of Online Sales in the Luxury Apparel Industry
- Surging International Trades for Luxury Apparel Market
- Robust Increase in the Distribution Channels
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Key Target Audience
Luxury Tie Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other