Global Neckwear Market

Neckwear Market Size, Share, Growth Analysis, By Product(Neckties, Bowties, Others), By Wearing Type(Self-tied, Pre-tied), By Region - Industry Forecast 2024-2031


Report ID: SQSG30L2033 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 62 | Figures: 75

Neckwear Market Insights

Neckwear Market size was valued at USD 3.9 billion in 2019 and is poised to grow from USD 4.13 billion in 2023 to USD 6.3 billion by 2031, growing at a CAGR of 5.87% in the forecast period (2024-2031).

Demand is expected to increase as a result of the growing fashion for wearing a neckpiece with casual attire. The item exudes a polished, poised, and sophisticated appearance. It is projected that rising demand from important consumers including bankers, media professionals, and students would further fuel market expansion. In order to draw in new customers, many producers concentrate on product innovation in terms of colours, patterns, materials, and designs. The growing practise of wearing ties with casual attire is projected to have a beneficial impact on market expansion. For various occasions, manufacturers have created it with floral and art deco patterns, soft-touch materials like brushed flannel, heathered yarns, Donegal wools, knits, and chambray ties.

US Neckwear Market is poised to grow at a sustainable CAGR for the next forecast year.

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Neckwear Market size was valued at USD 3.9 billion in 2019 and is poised to grow from USD 4.13 billion in 2023 to USD 6.3 billion by 2031, growing at a CAGR of 5.87% in the forecast period (2024-2031).

The existence of several international players defines the neckwear market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our Neckwear market reports, some of the leading quality Neckwear manufacturers are as follows: Brooks Brothers Group, Inc. (US), Giorgio Armani S.p.A. (Italy), Ralph Lauren Corporation (US), PVH Corp. (US), LVHM (France), Brackish Brand (US), Vineyard Vines (US), The Tie Bar (US), Turnbull & Asser (UK), Battistoni (US). 'Armani', 'Burberry', 'Calvin Klein', 'Dior', 'Gucci', 'Hermes', 'Hugo Boss', 'Louis Vuitton', 'Prada', 'Ralph Lauren', 'Tommy Hilfiger', 'Versace', 'Yves Saint Laurent', 'Brooks Brothers', 'J.Crew', 'Kenneth Cole', 'Michael Kors', 'Paul Smith', 'Ted Baker', 'Zara'

Over time, there has been an increase in the demand for neckwear. By giving the wearer a sense of professionalism, confidence, and authority, it improves the entire appearance of a person's attire. Among the top buyers of neckwear are people in the media, the hotel industry, the court system, students, bankers, and other occupations.

Companies that make neckwear are concentrating on producing items with unique designs, forms, and colours as well as finer textiles. In the future, it is anticipated that the availability of innovative and more customised neckwear products would significantly fuel market expansion. Some of the unique materials being provided are chambray, knits, heathered yarns, chambray, and brushed flannel.

Asia Pacific held the greatest Neckwear market share. Due to the large increase in the working population, the regionis predicted to grow at the quickest CAGR during the forecast period. The use of bow ties in the area is being aided by the growing western cultural impact. In the upcoming years, it is anticipated that factors including increasing disposable income, fashion consciousness, and the commercial sector would propel regional growth. A growing population, a multitude of private schools and colleges, and a thriving economy are all contributing to the rise of the area in nations like China, India, Japan, and Korea.

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Global Neckwear Market

Report ID: SQSG30L2033

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