Necktie Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

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  • Number of Pages: 250
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Market Snapshot

CAGR:7.32
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 7.32
Consumer Goods-companies
Consumer Goods-Snapshot

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Report Overview

Necktie Market Analysis By Type (Silk Neckties, Polyester Neckties, Cotton Neckties, Wool Neckties), By Distribution Channel (Online, Offline), By End-User (Men, Women), By Region, and Segment Forecasts, 2023 - 2032:

Necktie Market Analysis Report from 2023 to 2032:

The Necktie Market is expected to exhibit steady growth, with a projected CAGR of 3.9% from 2023 to 2032. Neckties, a classic fashion accessory, continue to be an integral part of formal and semi-formal attire. Factors such as fashion trends, corporate culture, and the enduring appeal of neckties contribute to the market's resilience.

Necktie Market Overview:

Drivers:

One of the primary drivers behind the growth of the necktie market is the enduring popularity of neckties as a symbol of style and professionalism. Neckties are a staple accessory in many professional settings, including business meetings, corporate events, and formal occasions, which sustains demand.

Moreover, the influence of fashion trends and the increasing importance of personal grooming drive consumers to explore various necktie designs and materials, contributing to market growth.

Trends:

An influential trend in the necktie market is the diversity of materials and designs available. Silk neckties, known for their luxurious appearance, remain a top choice. However, the market has witnessed the emergence of neckties made from polyester, cotton, and wool, catering to diverse consumer preferences.

Furthermore, online retail platforms have become prominent distribution channels, offering a wide range of necktie options and providing convenience to consumers. The availability of custom-made and personalized neckties is another trend contributing to market expansion.

Restraints:

Despite the enduring appeal, the necktie market faces challenges related to evolving dress codes and the rise of casual attire in some workplaces. As dress codes become less formal, the demand for neckties in certain settings may decline.

Additionally, competition from alternative accessories such as bowties, ascots, and scarves poses a potential restraint to the market's growth. Manufacturers need to adapt to changing fashion preferences and offer innovative designs to remain competitive.

Necktie Market Segmentation by Type:

  • Silk Neckties: Silk neckties are known for their smooth texture, sheen, and luxurious appearance. They are favored for formal occasions and corporate settings.
  • Polyester Neckties: Polyester neckties offer durability and resistance to wrinkles. They are suitable for everyday wear and are often more affordable than silk.
  • Cotton Neckties: Cotton neckties provide a comfortable and breathable option, making them suitable for warmer climates and casual settings.
  • Wool Neckties: Wool neckties offer warmth and texture, making them suitable for colder seasons and adding a touch of sophistication to outfits.

Necktie Market Segmentation by Distribution Channel:

  • Online: Online retail platforms offer a wide selection of necktie options, enabling consumers to browse and purchase from the comfort of their homes.
  • Offline: Offline distribution channels include brick-and-mortar stores, department stores, and specialty shops, allowing consumers to try and purchase neckties in person.

Necktie Market Segmentation by End-User:

  • Men: Neckties have historically been a staple in men's fashion, and they continue to be a key accessory in men's formal and business attire.
  • Women: Neckties are increasingly embraced as a fashion statement in women's fashion, offering a unique and stylish accessory option.

Regional Overview:


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  • North America: North America, particularly the United States, remains a significant market for neckties, driven by corporate culture and formal dress codes in many industries.
  • Europe: Europe also witnesses considerable demand for neckties, with countries like Italy and the United Kingdom being prominent markets known for their fashion-conscious consumers.
  • Asia-Pacific (APAC): APAC is anticipated to be a key growth region for the necktie market, driven by the influence of fashion trends and the rise of corporate culture.
  • South America: South America, including countries like Brazil and Argentina, offers potential growth opportunities in the fashion and business sectors.
  • Middle East & Africa: The Middle East and Africa region also exhibit potential for the necktie market, particularly in urban centers with growing corporate sectors.

Necktie Market Customer Landscape:

Understanding the preferences and requirements of consumers seeking neckties is crucial for manufacturers and retailers. The market analysis explores consumer behavior, the significance of style and fit, and the role of brand reputation in shaping the market.

Major Necktie Market Companies:

Companies in the necktie market are continually innovating to offer stylish and high-quality neckties to consumers.

  • The Tie Bar
  • T.M.Lewin
  • Ralph Lauren Corporation
  • Gucci
  • Armani
  • Dolce & Gabbana
  • Burberry Group Plc
  • Hermès
  • Calvin Klein Inc.
  • Zegna

These companies play a vital role in driving market competition and shaping the landscape of the necktie industry.

Segment Overview:

The Necktie market report provides comprehensive revenue forecasts at the global, regional, and country levels. It analyzes the latest trends and growth opportunities from 2023 to 2032.

Type Outlook (USD Million, 2023 - 2032):

  • Silk Neckties
  • Polyester Neckties
  • Cotton Neckties
  • Wool Neckties

Distribution Channel Outlook (USD Million, 2023 - 2032):

  • Online
  • Offline

End-User Outlook (USD Million, 2023 - 2032):

  • Men
  • Women

Top of Form

Geography Outlook (USD Million, 2019 - 2032):

  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
  • South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

TABLE OF CONTENTS: GLOBAL NECKTIE MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. NECKTIE MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Necktie Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. NECKTIE MARKET BY Demography INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Men

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Women

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Kids

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. NECKTIE MARKET BY Distribution Channel INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Online Stores

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Offline Stores

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. NECKTIE MARKET REGIONAL OUTLOOK

7.1. Necktie Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Necktie Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Necktie Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Necktie Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Necktie Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Necktie Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Ralph Lauren

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Turnbull & Asser

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. The Charvet

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. Tokyo Tie

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. Roberto Cavalli

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Christian Lacroix

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. Stefano Ricci

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. Giorgio Armani S.p.A.

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. Duchamp

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. Burberry

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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