Neckwear Market - Global Industry Insights, Trends and Growth Opportunity Analysis to 2025

The Neckwear Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global neckwear market size is expected to register revenue of USD 4.2 Billion by the end of 2025, according to a new report by Million Insights. It is expected to grow with a CAGR of 2.1% from 2019 to 2025. This growth can be attributed to rising demand for ties on formal and casual dresses. Moreover, the desire of manufacturers to produce products with boutique brands is anticipated to fuel market growth.

Request a Sample Copy of Neckwear Market Report @ https://www.millioninsights.com/industry-reports/global-neckwear-market/request-sample

The shifting trend for wearing neckties to enhance the professional look is becoming popular among the millennial population. Thus, key players in this market focus on product development and innovation to launch a variety of products based on patterns, colors, designs, and materials. For example, a Guatemalan manufacturer named Korbata, launched a collection named Nawales to boost the sales of their products.

The segment of the self-tied wearing type held the largest share across the global market, in 2018 owing to its feature of convenience of wearing. Moreover, the pre-tied neckwear segment is anticipated to register the highest CAGR of 2.7% from 2019 to 2025 due to its time-saving feature and ease of wearing.

The segment of neckties held the largest share in the global neckwear market during 2018 owing to rising adoption of neckwear products during formal occasions at offices and workplaces. Moreover, rising number of professionals like students, bankers, and hotel employees is anticipated to pave way for the demand for neckties during the forecasted years, 2019 to 2025. The bow ties segment is anticipated to register the highest CAGR in the upcoming years.

Asia Pacific is anticipated to witness the highest growth rate with a CAGR of 2.6% from 2019 to 2025 owing to rising disposable income, rising influence of western culture and increasing awareness among the consumers to improve their appearance. North America is anticipated to witness significant growth due to the rising number of working professionals across developed countries like the U.S. and Canada.

Leading Players Analysis covered in these report

    • Giorgio Armani

    • Vineyard Vines

    • Brackish Brand

    • PVH Corp

Access Neckwear Market Report with TOC @ https://www.millioninsights.com/industry-reports/global-neckwear-market

In 2018, Asia Pacific dominated the global neckwear market. It is anticipated to register a CAGR of 2.6% during the forecasted years, 2019 to 2025. This growth can be attributed to increasing disposable income among the working population coupled with rising awareness among the consumers to improve their appearance. Moreover, the rising adaption of western culture is anticipated to boost the market demand for bow ties in the upcoming years. Moreover, the rising commercial sector coupled with increasing fashion consciousness is expected to impact positively on the market growth.

North America is anticipated to witness significant growth from 2019 to 2025. This growth can be associated with the rising adoption of such products by celebrities coupled with increasing per capita income across countries like the U.S. and Canada. Moreover, the dress code assigned as per different professions among the population like lawyers, therapists, psychiatrists, and bankers is anticipated to boost the market demand for such neckwear during the forecasted years, 2019 to 2025.

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