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