Luxury Fashion Market – Detailed Analysis and Forecast By 2023

Luxury Fashion Market Global Industry Size, Share, Leading Companies, and Forecast to 2023

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Luxury Fashion Market Luxury Fashion Market 2018: Global Industry Size, Share, Leading Companies, and Forecast to 2023 • Luxury Fashion has entered a new phase, where a noticeable consumption is giving way to more meaningful luxury experiences. As consumers reconsider their priorities, asking themselves what they truly value, a host of major trends have emerged from the preference given to luxury experiences over “things”, to sustainable luxury. “New luxury” has been defined as products and services that possess higher levels of quality and aspiration than other goods in the category. The traditional product/service value proposition is no longer adequate for reaching consumers or creating significant differentiation.

• Rise in women working population across the world has boosted the luxury fashion product sales to a greater extent, traction for branded items, rise in disposable incomes continue to support growth of the luxury fashion market.

• MRFR Analysis expects the fashion industry to see the glimmers of a rebound in the recent future. This recovery has several foundations. First macroeconomic indicators, including GDP growth forecasts, are projected significantly; however these have not been adjusted to reflect the ongoing impact of important political shifts in the United States and the United Kingdom. Second, the investment community and the fashion brands themselves forecast improvement across the industry next year. Product categories are expected to grow in line with the overall industry average, but the biggest winners will be those companies with coherent channel strategies and clear value propositions. Athletic wear is positioned to be the absolute category winner; albeit no longer growing at a double-digit rate overall. The affordable luxury segment seems likely to continue benefitting from consumers “trading down” from luxury, while signs point to the continued growth of the value segment in line with the international expansion of large global players. In short, the industry now has the opportunity to stabilize and reset.

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Luxury Fashion Market Additional Features

• Deep dive study for segments and sub-segments • To estimate market size by type, and distribution channel • To understand the supply and demand dynamics including supply and consumption concentration mapping • To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries • Competitive landscaping evaluating key strategies taken by top players in the market • Company profiling of major players in the market • Value chain analysis and supply chain analysis • Analysis of historical and emerging market trends in retail formats, shelving of products, discount patterns

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Luxury Fashion Market Major Players in this Research: Key Players for Luxury Fashion Market: • Louis Vuitton, • Hermès, • Gucci, • Chanel, • Rolex, • Cartier, • Prada, • Burberry, • Michael Kors, • Tiffany, Zara, • Dolce & Gabbana

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Luxury Fashion Market Market Segmentation For an easy grasp, the Global Luxury Fashion Market is segmented in to 3 dynamics.

• Segmentation by Type: Comprising - Clothing, Footwear, Accessories and others • Segmentation by distribution channel: Comprising - monobrand stores, department stores, specialty stores, multi brand boutiques, airport, e-commerce and others • Segmentation by Region: Comprising – Geographical Regions

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