Neckwear Market is Anticipated to Gain Moderate CAGR by 2027

 Stratview Research delivers key insights on the global Neckwear Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.

Get a free sample report here:

https://www.stratviewresearch.com/Request-Sample/1245/neckwear-market.html#form

The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.

Key Players

The following are some of the key players in the Neckwear Market:

• Brooks Brothers Group, Inc.

• Giorgio Armani S.p.A.

• Ralph Lauren Corporation

• PVH Corp.

• LVHM

• Brackish Brand

• Vineyard Vines

• The Tie Bar

• Turnbull & Asser

• Battistoni

Growth drivers and Market Value:

This report, from Stratview Research, studies Neckwear market value and growth drivers over the trend period of 2022-27. According to the report -

Neckwear market is likely to witness moderate CAGR of 1.9% during the forecast period. The prime factor that is contributing to the demand for neckwears is mainly the increasing working professionals across the globe such as bankers, stalk brokers, media professional and students.

Segment Analysis:

Based on by Product Type:

Based on the product type, the market is segmented as neckties, bowties, and others. The neckties segment held the largest share of the market in 2021, and is expected to remain dominant during the forecast period. The wide use of neckwear by consumers in different professions such as bankers, hotel personnel, lawyers, psychiatrists, aviation and cooperate companies is driving the growth of this segment.

Based on Regional:

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing neckwear market during the forecast period, with China, India, Japan, and Korea being the major countries with lucrative growth opportunities. The growth of the market is driven by the adoption of bow ties in the region due to great influence of western culture, which is generating huge demand for neckwears and the presence of a large number of neckwear manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

 

Know more about the report, click here

https://www.stratviewresearch.com/1245/neckwear-market.html

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-        What is the global demand for Neckwear Market in terms of revenue?

-        Which are the prominent players in the market?

-        At what CAGR is the market projected to grow within the forecast period?

-        What are the driving factors fuelling the growth of the market?

-        Which region accounted for the largest share in the market?

-        How did the Covid19 impacted the market?

-        How long will it take to recover from the Covid impact?

Why Stratview Research?

-        Exhaustive qualitative and quantitative data

-        Uninterrupted post-sales support

-        Appropriate market trend and forecast analysis.

-        All-inclusive report

-        Decent price-performance ratio

-        Reliable data

-        Attractive market segments and associated growth opportunities.

-        Customised report services

About Us –

Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.

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