UK Luxury Apparel Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Type (Jackets and Coats, Skirts, Shirts and T-Shirts, Dresses, Trousers and Shorts, and Others), End User (Women, Men, and Unisex), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Market Introduction
Luxury apparels are usually fashionable, trendy, high class, and expensive. Luxury apparels brands focus on providing the latest looks and cater to the cultural trends and high-end craftsmanship to attract different consumers. Availability of luxury apparels is limited, thereby improving their lure among the consumers.
Market Overview and Dynamics
The UK luxury apparel market was valued at US$ 6,145.08 million in 2021 and is projected to reach US$ 8,969.90 million by 2028; it is expected to grow at a CAGR of 5.6% from 2021 to 2028. The rising per capita disposable income of individuals around the UK propels the demand for luxury clothes in the country. According to ONS data, the average household disposable income in the UK increased by US$ 933 from 2019 to 2020. As a result, peoples’ standard of living is improving, prompting them to seek luxury items as a status symbol. Consumers desire to improve their image with luxury fashion products, such as luxury clothing, watches, jewelleries, and footwear. Furthermore, according to Credit Suisse analysis, the UK now has the fifth-highest share of High-Net-Worth Individuals (HNWIs) across the world, accounting for 4% of the total. The number of millionaires in the UK increased from 2.2 million in 2019 to 2.4 million in 2020. Thus, the rising number of HNWIs and increasing disposable income are among the major factors driving the market growth.
Key Market Segments
Based on end user, the UK luxury apparel market is segmented into women, men, and unisex. In 2020, the women segment held the largest market share.
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the report on the UK luxury apparel market are company websites, annual reports, financial reports, national government documents, and statistical databases. Christian Dior, GUCCI, Gianni Versace S.P.A, Giorgio Armani S.P.A., PRADA, HERMES, Burberry Group PLC, Louis Vuitton, Alexander McQueen, and Paul Smith are among the major companies listed in the report.
Reasons to Buy Report
- Understand the UK luxury apparel market landscape and identify segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape in the UK
- Efficiently plan mergers and acquisitions, and partnership deals in the UK luxury apparel market by identifying market segments with the most promising probable sales
- Make knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
- Obtain market revenue forecast for market by various segments for the period 2019–2028
UK Luxury Apparel Market – by Type
- Jackets and Coats
- Skirts
- Shirts and T-Shirts
- Dresses
- Trousers and Shorts
- Others
UK Luxury Apparel Market – by End User
- Women
- Men
- Unisex
UK Luxury Apparel Market – by Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
Company Profiles
- CHRISTIAN DIOR
- GUCCI
- GIANNI VERSACE S.P.A
- GIORGIO ARMANI S.P.A.
- PRADA
- HERMES
- BURBERRY GROUP PLC
- LOUIS VUITTON
- ALEXANDER MCQUEEN
- PAUL SMITH
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
3.2.8 Limitations and Assumptions:
4. Luxury Apparel Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 UK
4.3 Expert Opinion
4.4 List of Boutiques by Brands
5. Luxury Apparel Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing disposable income
5.1.2 Growing consumer interest toward luxury products
5.2 Market Restraints
5.2.1 Availability Of Counterfeit Products
5.3 Market Opportunities
5.3.1 Growth in online sales of luxury apparels
5.4 Future Trends
5.4.1 Emergence of Digitalization
5.5 Impact Analysis of Drivers and Restraints
6. Luxury Apparel – UK Market Analysis
6.1 Luxury Apparel Market Overview
6.2 Luxury Apparel Market Forecast and Analysis, 2020 to 2028
6.3 Market Positioning of Key Players
7. Luxury Apparel Market Analysis – By Type
7.1 Overview
7.2 Luxury Apparel Market, By Type (2020 and 2028)
7.3 Jackets and Coats
7.3.1 Overview
7.3.2 Jackets and Coats: Luxury Apparel Market –Forecast and Analysis to 2028 (US$ Million)
7.4 Skirts
7.4.1 Overview
7.4.2 Skirts: Luxury Apparel Market – Forecast and Analysis to 2028 (US$ Million)
7.5 Shirts and T-shirts
7.5.1 Overview
7.5.2 Shirts and T-shirts: Luxury Apparel Market – Forecast and Analysis to 2028 (US$ Million)
7.6 Dresses
7.6.1 Overview
7.6.2 Dresses: Luxury Apparel Market – Forecast and Analysis to 2028 (US$ Million)
7.7 Trousers and Shorts
7.7.1 Overview
7.7.2 Trousers and Shorts: Luxury Apparel Market – Forecast and Analysis to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Luxury Apparel Market – Forecast and Analysis to 2028 (US$ Million)
8. Luxury Apparel Market Analysis – By End User
8.1 Overview
8.2 Luxury Apparel Market, By End User (2020 and 2028)
8.3 Men
8.3.1 Overview
8.3.2 Men: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Women
8.4.1 Overview
8.4.2 Women: Luxury Apparel Market –Forecast and Analysis to 2028 (US$ Million)
8.5 Unisex
8.5.1 Overview
8.5.2 Unisex: Luxury Apparel Market –Forecast and Analysis to 2028 (US$ Million)
9. Luxury Apparel Market Analysis – By Distribution Channel
9.1 Overview
9.2 Luxury Apparel Market, By Distribution Channel (2020 and 2028)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Specialty Stores
9.4.1 Overview
9.4.2 Specialty Stores: Luxury Apparel Market –Forecast and Analysis to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Luxury Apparel Market –Forecast and Analysis to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Luxury Apparel Market –Forecast and Analysis to 2028 (US$ Million)
10. Overview- Impact of COVID-19
10.1 UK : Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 CHRISTIAN DIOR
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 GUCCI
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Gianni Versace S.P.A
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Giorgio Armani S.p.A.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 PRADA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 HERMES
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Burberry Group Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Louis Vuitton
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Alexander McQueen
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Paul Smith
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Glossary of Terms, UK Luxury Apparel Market
LIST OF FIGURES
Figure 1. UK Luxury Apparel Market Segmentation
Figure 2. UK Luxury Apparel Market Overview
Figure 3. Dresses Segment Held the Largest Share of UK Luxury Apparel Market
Figure 4. UK Luxury Apparel Market, Industry Landscape
Figure 5. UK: PEST Analysis
Figure 6. UK Luxury Apparel Market Impact Analysis of Driver and Restraints
Figure 7. Country Overview of Luxury Apparel Market
Figure 8. UK Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 9. Market Positioning of Key Players In UK Luxury Apparel Market
Figure 10. Luxury Apparel Market Revenue Share, by Type (2020 and 2028)
Figure 11. Jackets and Coats: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Skirts: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Shirts and T-shirts: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Dresses: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Trousers and Shorts: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Luxury Apparel Market Revenue Share, by End User (2020 and 2028)
Figure 18. Men: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Women: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Unisex: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Luxury Apparel Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 22. Supermarkets and Hypermarkets: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Specialty Stores: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Online Retail: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Luxury Apparel Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in UK Market
- CHRISTIAN DIOR
- GUCCI
- GIANNI VERSACE S.P.A
- GIORGIO ARMANI S.P.A.
- PRADA
- HERMES
- BURBERRY GROUP PLC
- LOUIS VUITTON
- ALEXANDER MCQUEEN
- PAUL SMITH
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the UK luxury apparel market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.