About Necktie
Neck tie is a cloth worn on neck as a decorative purpose resting under the shirt collar and knotted at the throat. Neck tie is considered as an essential part of wardrobe, regarded as a fashion accessary with various patterns, fabrics and cuts available. These are widely used as a professional attire changing lifestyles, new fashion trends and social norms.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Necktie 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.
Ralph Lauren (United States), Turnbull and Asser (United Kingdom), The Charvet(France), Ermenegildo Zegna (Italy), Christian Lacroix (France), Stefano Ricci (Italy), Burberry Group Plc. (Italy), Giorgio Armani (Italy), Roberto Cavalli (Italy) and Battistoni (Italy) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Necktie market by Type (Four-in-Hand, Bow Tie, Cravat, Skinny Necktie, Seven Fold Tie and Others), Application (Age <20, Age 20 to 40 and Age >40 ) and Region.
On the basis of geography, the market of Necktie 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 Distribution Channel, the sub-segment i.e. Online will boost the Necktie market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Cotton will boost the Necktie market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Number of Professionals across the World, Diagonal Stripe Design Has Made a Comeback Fashion Trend and Television And Other Media Channels Are Influencing The Current Generation On Fashion Trends
Market Growth Drivers:
Growing Professionalism And Increased Formal Attire In Various Sector Rising Disposable Income Of Consumer And Changing Lifestyle Of The People Are Anticipated To Foster The Growth Of Market and Necktie Add A Dimension To An Individual Fashion Statement And Are Widely Used By Fashion Aficionado
Challenges:
Lack of Standardization For Ordering Process In The Neck Tie Market
Restraints:
Changing Lifestyles Have Made People Prefer Casual Attire
Opportunities:
Collaboration and Tie-ups of Leading Player
Market Leaders and their expansionary development strategies
In September 2023, SPS Commerce, Inc., a leader in retail cloud services, has completed the acquisition of TIE Kinetix, a leading provider of supply chain digitalization including EDI and e-invoicing in Europe.With the acquisition of TIE Kinetix, we believe SPS Commerce is well positioned to capitalize on the opportunity presented by mandatory e-invoicing regulations across Europe, while expanding our European presence to serve our growing network with access to international markets.”
In Mar 2023 , Sri Lankan men’s accessories start-up MOZ has launched a premium neckwear range made from hand-woven (handloom) fabrics. and The MOZ Heritage neckties closely resemble famous Italian hand-made Grenadine ties made in the Como province in Italty as well as hand-made neckwear made in some provinces in Japan. Although Sri Lanka has a 2,500-year history of hand weaving, including the unique weaving tradition of Dumbara weaving, the handloom industry has not diversified and grown to meet the modern needs.
Key Target Audience
Necktie Manufacturer, Necktie Supplier, Raw Material Supplier and Others
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.