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What is driving growth in the Global Luxury Apparel Market?
The global luxury apparel market has seen exceptional recovery since 2021, after the inevitable sales decline in 2020 due to the pandemic. This growth has largely been due to strong demand in the key market of APAC, with the lifting of restrictions leading consumers to spend more on luxury goods for events such as holidays and social occasions.
This growth is only expected to continue, and GlobalData’s free report Global Luxury Apparel Market Trends, Size and Forecasts out to 2025, can assist companies in understanding the drivers behind this growth, as well as potential inhibitors and key trends affecting the market. Understanding these crucial elements will be essential for luxury brands and retailers to stay ahead of their competitors.
This report provides comprehensive analysis of:
by GlobalData
- Luxury apparel market size at total, regional, and category level – with forecasts out to 2025
- Market drivers and inhibitors
- Retailer and brand market shares, 2019-2021
- Hot issues and profiles of leading brands
- Key trends affecting the global luxury apparel market
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What is driving growth in the Global Luxury Apparel Market?
The global luxury apparel market has seen exceptional recovery since 2021, after the inevitable sales decline in 2020 due to the pandemic. This growth has largely been due to strong demand in the key market of APAC, with the lifting of restrictions leading consumers to spend more on luxury goods for events such as holidays and social occasions.
This growth is only expected to continue, and GlobalData’s free report Global Luxury Apparel Market Trends, Size and Forecasts out to 2025, can assist companies in understanding the drivers behind this growth, as well as potential inhibitors and key trends affecting the market. Understanding these crucial elements will be essential for luxury brands and retailers to stay ahead of their competitors.
This report provides comprehensive analysis of:
by GlobalData
- Luxury apparel market size at total, regional, and category level – with forecasts out to 2025
- Market drivers and inhibitors
- Retailer and brand market shares, 2019-2021
- Hot issues and profiles of leading brands
- Key trends affecting the global luxury apparel market