The global neckwear market size is expected to register revenue of USD 4.2 Billion by the end of 2025, according to a new report by Million Insights. It is expected to grow with a CAGR of 2.1% from 2019 to 2025. This growth can be attributed to rising demand for ties on formal and casual dresses. Moreover, the desire of manufacturers to produce products with boutique brands is anticipated to fuel market growth.
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Market Synopsis of Neckwear Market:
The shifting trend for wearing
neckties to enhance the professional look is becoming popular among the
millennial population. Thus, key players in this market focus on product
development and innovation to launch a variety of products based on patterns, colors,
designs, and materials. For example, a Guatemalan manufacturer named Korbata,
launched a collection named Nawales to boost the sales of their products.
The segment of the self-tied
wearing type held the largest share across the global market, in 2018 owing to
its feature of convenience of wearing. Moreover, the pre-tied neckwear segment
is anticipated to register the highest CAGR of 2.7% from 2019 to 2025 due to
its time-saving feature and ease of wearing.
The segment of neckties held the
largest share in the global neckwear market during 2018 owing to rising
adoption of neckwear products during formal occasions at offices and
workplaces. Moreover, rising number of professionals like students, bankers,
and hotel employees is anticipated to pave way for the demand for neckties
during the forecasted years, 2019 to 2025. The bow ties segment is anticipated
to register the highest CAGR in the upcoming years.
The key players in this market
are Giorgio Armani S.p.A.; PVH Corp.; Vineyard Vines; Brackish Brand; LVHM.
They also help the consumers in selecting proper neckwear products as per the
desired specifications. They are also introducing neckwear products having
different floral designs, brushed flannels, knits, and Donegal wools.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-neckwear-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Neckwear: Market
Variables, Trends & Scope
Chapter 4 Neckwear: Product
Estimates & Trend Analysis
Chapter 5 Neckwear: Application
Estimates & Trend Analysis
Chapter 6 Neckwear: End-use
Estimates & Trend Analysis
Chapter 7 Neckwear: Industrial
End-use Estimates & Trend Analysis
Chapter 8 Neckwear: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Neckwear:
Manufacturers Company Profiles
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