Global Cufflinks Market 2017-2021
A cufflink is a decorative and stylish fastener for cuffs, typically worn on a shirt or blouse. Cufflinks are primarily worn by men. These fasteners vary depending on the design, style, and color. The visible part of the cufflink is often monogrammed or decorated according to the consumer's preferences. With time, the cufflink developed and became a more sophisticated part of a man's wardrobe, especially for tuxedo usage and formal attire. With the availability of different types of stones, precious metals, fabrics, and design, the cufflink has become the new well-dressed man's staple.
Technavio’s analysts forecast the global cufflinks market to grow at a CAGR of 13.52% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cufflinks market for 2017-2021. To calculate the market size, the report presents a detailed picture of the current market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cufflinks Market 2017-2021
Technavio recognizes the following companies as the key players in the global cufflinks market: Cartier, Louis Vuitton, Montblanc, Paul Smith, and Tiffany.
Other Prominent Vendors in the market are: Armenta Collection, Burberry, CHANEL, CuffLinks, Dolce & Gabbana, Giorgio Armani, GUCCI, HUGO BOSS, PRADA, Ralph Lauren, and Tateossian.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is consumers’ shift to customization of cufflinks. The varying customer preferences in terms of style, design, and comfort are fueling the demand for customized cufflinks globally. In response to the changing needs and demands of consumers, many manufacturers have introduced customized cufflinks, incorporating photos, monograms, and so on. For instance, vendors such as Ties N Cuffs and CustomMade.com offer customized cufflinks to attract new businesses and increase their clientele. Customization presents consumers a way to express their unique style and personality. Customers' ability to design their own cufflinks offers a novelty factor. It can also set a brand apart from the competition. The growing demand for customization is expected to drive the global cufflinks market in the forecast period.”
According to the report, one driver in market is rise in demand for French cuff shirts. French cuff shirts have been an essential component in European and American men's formal wear and are now gaining in favor worldwide. The high demand for French cuff shirts among working professionals is driving the sales of the global cufflinks market. The global menswear market is expected to post a CAGR of over 4% during 2016-2021. The declining trend of wearing ties has popularized dress shirts that require cufflinks, such as French cuff shirts. This has boosted the sales of French cuff shirts and, in turn, cufflinks. Some of the popular brands offering French cuff shirts are Calvin Klein, Tommy Hilfiger, Levi's, Ralph Lauren, and KENNETH COLE.
Further, the report states that one challenge in market is presence of fake products. The market faces significant challenges due to the increasing penetration of counterfeit products in the market. Counterfeit cufflinks have now become commonplace owing to their easy availability on the internet. Such products can prove detrimental to genuine cufflink manufacturers, who will then struggle to create and build trust among consumers for their brand. For instance, fake cufflinks are offered under the brands Paul Smith, Tiffany & Co., FABERGÉ, and Christian Dior. In 2014, the counterfeit products business surpassed $250 billion according to the United Nations Office on Drugs and Crime; one-tenth of this value was accounted for by watches and jewelry.
Cartier, Louis Vuitton, Montblanc, Paul Smith, Tiffany, Armenta Collection, Burberry, CHANEL, CuffLinks, Dolce & Gabbana, Giorgio Armani, GUCCI, HUGO BOSS, PRADA, Ralph Lauren, Tateossian.