About Cashmere Clothing
Cashmere clothing is a type of wool that is made from the hair of cashmere goats and pashmina goats. It is one of the softest and most luxurious types of wool in existence. It is highly prized as a material for sweaters, scarves, and other light cold-weather gear. It is very fine, extremely soft feel and insulating properties. It is significantly warmer and lighter than sheep's wool. The factors such as a Rise in the Consumption of Premium Quality Clothing and Increased Disposable Income of the People are driving the global cashmere clothing market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Italian Vendors will contribute the maximum growth to Global Cashmere Clothing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Versace (Italy), Ralph Lauren Corporation (United States), Loro Piana (Italy), Brunello Cucinelli S.p.A. (Italy), Ermenegildo Zegna (Italy), Pringle of Scotland (United Kingdom), Autumn Cashmere of New York, Inc. (United States), Cashmere Holding LLC (Mongolia), Huzhou Zhenbei Cashmere Products Co., Ltd (China), LVMH Moet Hennessy Louis Vuitton SE (France) and Kiton (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kering S.A. (France), Herms International S.A. (France) and Giorgio Armani S.p.A. (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Cashmere Clothing market by Type (Gade A Cashmere, Grade B Cashmere and Grade C Cashmere), Application (Clothing, Accessories, Home Goods and Others) and Region.
On the basis of geography, the market of Cashmere Clothing 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). If we see Market by End-users, the sub-segment i.e. Children will boost the Cashmere Clothing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Channels will boost the Cashmere Clothing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Number of Online Customers and Robust Increase in the Distribution Channels
Market Growth Drivers:
Rise in the Consumption of Premium Quality Clothing and Increased Disposable Income of the People
Challenges:
SLowdown of the World Economy
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand from End-users and Growth in the E-commerce Industry
Market Leaders and their expansionary development strategies
The historic spinning mill Cariaggi Lanifico, the major cashmere source for the Italian luxury brand Brunello Cucinelli, has announced an acquisition of a 43% share in it
Loro Piana S.P.A. debuted a new cashDenim collection in October 2022. 60 percent denim and 40 percent cashmere are blended and slowly woven on traditional looms by Loro Piana S.P.A. for the CashDenim line
Key Target Audience
Cashmere Clothing Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.