(EMAILWIRE.COM, July 06, 2024 ) As Per Maximize Market Research, Luxury Fashion Market was valued at US$ 273.72 Bn. in 2023 and is expected to grow at US$ 360.20 Bn. in 2030 and the market size is expected to grow at a CAGR of 4.0% through the forecast period.
Asia-Pacific: Expected to witness significant growth at a CAGR of xx% through the forecast period as per Maximize market Research.
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Key drivers influencing growth in Asia-Pacific are, Increasing number of individuals with high purchasing power and rising disposable income among the population.
Europe growth projection: Considered to be the second-fastest growing market. Key drivers include rise in luxury fashion consumption despite a stagnant economy, tourism-based purchasing contributing to market growth and government policies such as tax-free retail boosting luxury purchases along with high luxury brand awareness among the population.
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Luxury Fashion Market Segmentation
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
By Gender:
Men
Women
Unisex
By En-User:
Store-Based
Non-Store Based
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Luxury Fashion Market Key Players
Ralph Lauren
Capri Holdings Limited
PVH Corp.
Kering
LVMH
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