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Global Premium Apparel Market to 2027

Publisher GlobalData
Published Dec 19, 2023
Length 55 Pages
SKU # GBDT18437872

Description

Global Premium Apparel Market to 2027


Summary

This report offers an analysis of both the historic and forecast data of the premium apparel market through 2027. It provides a brief of the key trends along with sales and growth across different regions and category groups. It also highlights the premium apparel brands and their current competitive position.

The global premium apparel market grew by 3.8% in 2022 to reach $422.2bn, only exceeding pre-pandemic levels by 5.9% as the pandemic caused many premium brands such as Ralph Lauren, Tommy Hilfiger to lose relevance due to their reliance on formal styles which fell out of favor with consumers. Lululemon, The North Face, and Lacoste all witnessed their shares jump in 2023, thanks to their desirable performance and athleisure propositions enabling them to capture continued demand for these categories since the onset of the pandemic. As consumers become increasingly aware of the environmental impact of overconsumption, shoppers will turn to premium brands that they perceive to uphold more sustainable practices and offer superior quality.

Key Highlights

Global Premium Apparel Market to grow at a CAGR of 5.9% between 2023 and 2027, to reach $557.0bn
Performance and athleisure brands came out on top in 2023
Growing environmental awareness will see more consumers trade up to premium brands in the coming years

Reasons to Buy
  • Gain an understanding of the drivers of the Premium apparel market along with data, forecasts along with a region-wise and category-wise analysis

Table of Contents

55 Pages
Executive Summary
Key Trends in the Global Premium Apparel Market
Global Market Size with Forecasts to 2027
Regional Performance with Forecasts to 2027
Category Performance with Forecasts to 2027
Competitive Landscape: Leading Market Shares & Brand Profiles
Appendix
Methodology
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