Neckwear Market Report

Market Insights

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

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Neckwear Market Share: 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 2019, 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.

Neckwear Market Share: By Wearing Type

Based on the wearing type, the market is segmented as self-tied and pre-tied. The self-tied dominates the market, as adults prefer to wear different knots every time with different length sizes. Further, self-tied is the faster-growing segment as children, students, and beginners are some of the major consumers of pre-tied or clip-on neckwear. All these wide consumers of pre-tied are propelling the growth of the segment during the forecast period.

Neckwear Market Share: By Region

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.

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Market Scope & Segmentation

Neckwear manufacturers are gaining popularity due to the great influence of western culture on eastern culture. Also, increase of professionals with dress code such as of bankers, lawyers, therapists, psychiatrists, and other such professions is boosting the growth of the market.

Neckwears are of different types, such as neckties, bowties and others and they are self-tied and pre-tied.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The neckwear market is segmented into the following categories. 

Neckwear Market Size, Share, & Forecast, by Product Type:

• Neckties (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bowties (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Neckwear Market Size, Share, & Forecast, by Wearing Type:

• Self-tied (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pre-tied (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Neckwear Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major neckwear manufacturers are-

• 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

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by wearing type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.