Luxury Fashion Market Size by Preparation Method, Form, Grade, End User, and Geography
Market Overview The global Luxury Fashion Market Size is anticipated to procure a significant market value while driving at a notable CAGR during the forecast period, anticipates Market Research Future (MRFR). The growing number of millionaires and brand loyalty among customers are anticipated to boost the market during the forecast period. The higher price range and style quotient are some of the USPs of luxury apparel that can help grow the market during the assessment tenure. The increasing disposable income across the globe is expected to be another salient cause that can drive the market in the coming time. Furthermore, brands have been focusing on providing the latest young looks, but they are also catering to the cultural trends and street culture to attract various consumers. For instance, Indian brand Raymond has introduced its new brand called Raymond Khadi to provide luxury Khadi apparel. Such initiatives are likely to augment the market size significantly in the coming ...