Neckwear provides the user with a professional, poised and elegant appearance, thereby creating a huge demand from key consumers including bankers, media professionals, company executives, and students worldwide. Since these products project professionalism, confidence, power, and exclusivity, there is an inclination among various professionals to adopt the use of neckwear in their attire. Moreover, many elementary and secondary schools, business schools, and universities have neckwear as an essential constituent of the uniform. Further, several organizations such as military regiments, lodges and clubs, and professional associations increasingly adopt specific coloured or patterned neckties as a symbol of membership.
MARKET DYNAMICS
The rising working class population and a trending tendency of the millennials to spend on luxury products, there is a steep rise in demand for neckwear across the globe. Moreover, neckwear is widely adopted by several educational and professional institutions as a part of the uniform, thereby creating an ample market for major neckwear manufacturers. Furthermore, the upcoming trend of pairing neckties with casual clothing and the huge availability of innovative colors, patterns, materials and design is strengthening the growth of the market. However, the inconvenience caused by such products in various places like hospitals and manufacturing units is hindering the growth of the global Neckwear market.
MARKET SCOPE
The "Global Neckwear Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Neckwear market with detailed market segmentation by Product, Wearing Type, and Distribution Channel. The global Neckwear market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Neckwear market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Neckwear market is segmented into Product, Wearing Type, and Distribution Channel. By type, the Neckwear market is classified into Neck-Ties, Bow-Ties, Others. By Wearing Type, the market is segmented into Self-Tied, Pre-Tied. By Distribution Channel, the market is segmented into Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global Neckwear market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Neckwear market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Neckwear market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Neckwear market in these regions.
MARKET PLAYERS
The report covers vital developments in the Neckwear market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the Neckwear market are anticipated to lucrative growth opportunities in the future with the rising demand for Neckwear in the global market. below mentioned is the list of few companies engaged in the Neckwear market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Neckwear market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
1. Ensign
2. Brooks Brothers Group, Inc.
3. Giorgio Armani S.p.A.
4. Ralph Lauren Corporation
5. PVH Corp.
6. LVHM
7. Brackish Brand
8. Vineyard Vines
9. The Tie Bar
10. Battistoni