The global cashmere clothing market size is expected to reach
USD 3.50 billion by 2025 registering a CAGR of 3.96%, according to a new report
by Grand View Research, Inc. Cashmere clothing products are made using Cashmere
yarn. This type of wool is better than any traditional wool, in terms of
quality. It is finer, softer, lighter, as well as stronger than other wool types.
It also has a high moisture content and hence it is easily adjustable to
different temperatures. Moreover, it helps enhance the aesthetic appeal.
These factors are expected to augment the
product demand, thereby supporting market growth. Rising product popularity and
demand for premium quality clothing across the globe due to increased
disposable income levels and impact of social media and digital marketing will
fuel the growth further. However, high production costs and limited raw
material supply may hinder the market growth. Sweaters & coats, pants &
trousers, and tees & polo are the major types of Cashmere clothing. These
products are comparatively costly and thus are considered as luxury clothing
apparels.
North America is expected to be the
fastest-growing regional market from 2019 to 2025 due to increased sales of
these products. Europe being the fashion hub of the world is estimated to
account for the largest market share by 2025. Moreover, presence of several
prominent global luxury brands in Europe will drive the regional market. Some
of the key companies in this market are Loro Piana S.p.A, Ermenegildo Zegna
Holditalia S.p.A., Brunello Cucinelli S.p.A., SofiaCashmere, Autumn Cashmere,
Alyki - Felice De Palma & Co., and Pringle of Scotland Ltd.
For full research report on Cashmere
Clothing Market visit here: https://www.grandviewresearch.com/industry-analysis/cashmere-clothing-market
Further key
findings from the study suggest:
- Sweaters & coats product type segment is
projected to account for the largest share of the global Cashmere clothing
market by 2025
- Based on end user, the women segment led the
global market in 2018. However, the men end-user segment is estimated to
register the fastest CAGR from 2019 to 2025
- Europe was the dominant regional market in
2018 and is projected to expand further at a steady CAGR over the forecast
years
- APAC is said to be the second fastest-growing
market due to rising disposable income levels and improved standards of
living in emerging countries like India, South Korea, China, and Japan
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/cashmere-clothing-market/request/rs1
Grand
View Research has segmented the global cashmere clothing market on the basis of
product, end user, and region:
Cashmere
Clothing Product Outlook (Revenue, USD Billion, 2015 - 2025)
- Sweaters & Coats
- Pants & Trousers
- Tees & Polo
- Others
Cashmere
Clothing End User Outlook (Revenue, USD Billion, 2015 - 2025)
- Men
- Women
Cashmere
Clothing Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- Italy
- Asia Pacific
- China
- Japan
- Central & South
America
- Brazil
- Middle East &
Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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