Industry Background:
Rising inclination towards fashion industry will help to grow global Premium Clothing & Footwear market. This segment is popular in all age group. Additionally, increasing inclination towards sports may help to boost global premium clothing and footwear market. The emergence of the new design, concepts, and themes in women sandals, emphasis on the development of all-weather comfortable clothing and footwear for everyday use and growing E-commerce shopping popularity.
Also, check latest insights that AMA Research revealed in latest research coverage on " target="_blank">".Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Thom Browne (United States), Saint Laurent (France), Salvatore Ferragamo (Italy), Alexander MnQueen (United Kingdom), Givenchy (France), Gucci (Italy), Versace (Japan), Visvim (Japan), Vince (New York) and Paul Smith (United Kingdom) |
This growth is primarily driven by Growing Awareness about Clothing and footwear and Increasing Inclinations towards Sports.
Globally, a noticeable market trend is evident Rising Inclination towards Fashion Industry
The Personal Products sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Thom Browne (United States), Saint Laurent (France), Salvatore Ferragamo (Italy), Alexander MnQueen (United Kingdom), Givenchy (France), Gucci (Italy), Versace (Japan), Visvim (Japan), Vince (New York) and Paul Smith (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Premium Clothing & Footwear consist of individuals of different age groups and sizes. The improved spending capabilities of individuals, changing lifestyles, and the rising number of working professionals has increased the spending capability of individuals. This is occurring especially in the developing countries and leading to further expansion of the overall market for Premium Clothing & Footwear.
Key Developments in the Market:
On 28th August 2018, The Ermenegildo Zegna Group has acquired 85 percent stake of Thom Browne. The deal was established for 500 million dollars. and On 25th September 2018, clothing brand Michael Kors has acquired famed Italian fashion house Versace. The deal was established 2 billion dollars.
Influencing Trend:
Rising Inclination towards Fashion Industry and Upsurging Demand of Online Shopping
Market Growth Drivers:
Growing Awareness about Clothing and footwear and Increasing Inclinations towards Sports
Challenges:
Changing Consumer Preference
Restraints:
Increasing Cost of Raw Materials and Fluctuating Raw Material Prices
Opportunities:
Fueling Demand Of Fancy and Trendy Cloths & Footwear and Increase in Disposable Income in Low and Middle-Income Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Premium Clothing & Footwear Market
- Analysis about New Entrants in Premium Clothing & Footwear Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Premium Clothing & Footwear Study Sheds Light on
The Premium Clothing & Footwear Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Premium Clothing & Footwear industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Premium Clothing & Footwear industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.