Luxury Fashion Market Growth, Demand and Challenges of the Key Industry Players 2023-2028

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Global Luxury Fashion Market Research and
Forecast Report 2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Luxury Fashion Market Research
Report The latest report by IMARC, titled
Luxury Fashion Market Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2023-2028 " the global luxury fashion market
size reached US 237.0 Billion in 2022. Luxury
fashion refers to high-end, prestigious clothing,
accessories, and footwear that are designed and
produced by luxury brands. These brands are known
for their exceptional quality, craftsmanship, and
exclusivity, and often carry a significant price
tag. Luxury fashion is associated with
sophistication, elegance, and a certain level of
prestige, renowned for its heritage, history, and
iconic designs and has a strong brand identity.
Luxury fashion brands pay meticulous attention
to detail and use high-quality materials to
ensure superior craftsmanship and durability. The
emphasis is on creating products that are built
to last. Some of the popular luxury fashion
brands include Gucci, Hermès, Dior, and
Versace. Request Free Sample Report
https//www.imarcgroup.com/luxury-fashion-market/r
equestsample
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Report Description and Highlights
Report Description

Global Luxury Fashion Market Trends The global
market is primarily driven by the growing
penetration of social media. Influencer marketing
and celebrity endorsements have a significant
impact on consumer behavior, especially among
younger demographics. Luxury fashion brands
collaborate with influencers and celebrities to
create brand awareness and generate demand for
their products, which is propelling its adoption
across the globe. Moreover, the growth of
e-commerce and digital platforms has opened up
new opportunities for luxury fashion brands.
Online sales channels allow brands to reach a
wider customer base globally and provide a
convenient shopping experience, thereby
influencing the market. Also, numerous luxury
brands are heavily investing in their online
presence to cater to changing consumer behavior
and preferences, which is significantly
supporting the demand on the global level. Since
luxury brands embrace sustainable materials,
ethical sourcing, and responsible production
practices that often attract environmentally and
socially conscious consumers, this is acting as a
growth-inducing factor. Some of the other factors
driving the market are rapid urbanization and
inflating disposable income levels of the masses.
Looking forward, the market value is projected to
reach US 294.7 Billion by 2028, expanding at a
CAGR of 3.60 during 2023-2028. Looking forward,
the market value is projected to reach a strong
growth during the forecast period (2023-2028).
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Report Description and Highlights
Report Description

• Market Summary Breakup by Product Type
• Clothing Apparel
• Jackets Coats
• Skirts
• Shirts T-Shirts
• Dresses
• Trousers Shorts
• Denim
• Underwear Lingerie
• Others
• Footwear
• Accessories
• Gems Jewellery
• Belts
• Bags
• Watches
• Breakup by Distribution Channel

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Report Description and Highlights
Report Description
Store-Based Non-Store Based
Breakup by End User Men Women
Unisex Breakup by Region
North America United States
Canada Asia Pacific
China Japan
India South Korea
Australia Indo
nesia Others

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Report Description and Highlights
Report Description

Europe Germany
France United
Kingdom Italy
Spain Russia O
thers Latin America Br
azil Mexico Ot
hers Middle East and Africa
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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• Burberry Group Plc Capri Holdings Limited Chanel S
  .A. Diesel S.p.A. (OTB Group) Dolce Gabbana S.r.
  l. Giorgio Armani S.p.A. Industria de Diseño Texti
  l S.A. Kering SA LVMH Moët Hennessy Louis Vuitton
  Prada S.p.A. PVH Corp. Ralph Lauren Corporation Ro
  lex SA.
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/luxury-fashion-market

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

2019 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
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Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
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