What is Luxury Tie Market?
A luxury tie is a piece of fabric worn around the neck for fashion or professional reasons. It is a common type of neckwear and made of a variety of different materials such as wool, linen, or cotton. Luxury ties are manufactured with high-quality materials such as silk and polyester. Increased disposable income of the people, increased adoption of luxury lifestyle and robust increase in working professionals are the driving factors for the luxury tie market across the globe.
The market study is being classified by Type (Printed Tie, Monochrome Tie and Others), by Application (Men, Women and kids) and major geographies with country level break-up.
Brooks Brothers Group, Inc. (United States), Giorgio Armani S.p.A. (Italy), Ralph Lauren Corporation (United States), Hermès International S.A. (France), Louis Vuitton (France), Christian Dior SE (France), Gucci (Italy), VIP TIE (Italy), Ermenegildo Zegna (Italy) and Bulgari (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Gianni Versace S.r.l. (Italy), Prada S.p.A (Italy) and Fendi (Italy).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Luxury Tie market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Luxury Tie market by Type, Application and Region.
On the basis of geography, the market of Luxury Tie has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Disposable Income across the Globe
- Increasing Demand for Soft, and Comfortable Luxury Tie
- Increased Adoption of Luxury Lifestyle
- High Demand for Luxury Products
- Growing Adoption of Cotton Apparels
- Comparatively Expensive than the Conventional Tie
- Continuously Changing Fashion Trends
- Rising Adoption of Online Sales in the Luxury Apparel Industry
- Surging International Trades for Luxury Apparel Market
- Robust Increase in the Distribution Channels
- Volatile Consumer Demand as well as Fashion Preferences
- Increasing Need for Sustainable Alternatives to Conventional Textile Manufacturing
- Availability of Low-Quality Products in Cheaper Rates
Key Target AudienceLuxury Tie Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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