Luxury Fashion Market Size Was Valued at USD 129.77 Billion in 2023, and is Projected to Reach USD 209.39 Billion by 2032, Growing at a CAGR of 5.46% From 2024-2032.
The segment of the fashion industry that focuses on high-end, luxury-priced apparel, accessories, and footwear is known as the luxury fashion market. Target customers are the wealthy, the style-savvy, and those ready to invest in the finest quality and designs available. Undoubtedly, stylish clothing labels: luxurious, unique, and remarkable, boast a rich heritage and the capacity to incorporate fine fabrics and gemstones. Because they are seen as providing greater value and possessing stronger brand attraction, these companies frequently dictate fashion trends rather than following them, allowing them to charge higher prices.
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Key Players in the Luxury Fashion Market:
- Armani Group
- Burberry
- Chanel
- Hermes
- Kering
- LVMH
- Capri Holdings
- Moncler
- MCM
- OSKLEN
- Salvatore Ferragamo
- Tapestry
- Tom Ford
- Dolce & Gabbana
- Hugo Boss
- Max Mara Group Prada Group
- Other Key Players
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