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Cashmere Clothing Market Size, Share & Trends Analysis Report By Product (Sweaters & Coats, Pants & Trousers, Tees & Polo), By End User (Men, Women), By Region, And Segment Forecasts, 2022 - 2030

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    Report

  • 93 Pages
  • November 2022
  • Region: Global
  • Grand View Research
  • ID: 5702095
The global cashmere clothing market size is expected to reach USD 4.23 billion by 2030 and grow at a CAGR of 6.1% from 2022 to 2030. The increasing demand for smartphones as they are an effective means of communication around the globe is expected to drive the market in the forecast period. In addition, the increasing demand for wireless devices, coupled with frequent changes in technologies, is likely to drive the market in the near future. For instance, companies are coming up with the latest technologies such as wireless headsets, and speakers which have boosted the market demand for the industry in recent times. Furthermore, a rise in the adoption of smartphones among teenagers has enhanced the demand for certain accessories such as mobile covers, and headphones as they keep themselves updated with the changing technologies in the market.

The COVID-19 pandemic has negatively impacted the global cashmere clothing market. Most of the manufacturers shut down their manufacturing plants which resulted in a significant slowdown in supply and distribution. Physical stores are most affected because many people are still hesitant to approach large retail areas. For instance, in 2020, H&M closed around 70% of its stores worldwide. High-street stores have been massively affected by store closures. According to a report published by Open Access Government in 2020, during the lockdown, many brands’ websites displayed sales of up to 70% off items. Owing to the availability of these brands on the online platform, customers still purchased the products. Additionally, most regions across the globe have categorized cashmere clothing in the non-essential product category, which has led to a drastic decline in the sales of these products, mainly through brick-and-mortar stores, but also through online platforms. However, with the inception of the global economy,
the market for cashmere clothing is expected to bounce back post the COVID-19 era. The popularity of online distribution channels is expected to create a steady demand for cashmere clothes in the foreseeable future.

The sweaters and coats product segment accounted for 51.88% market share in 2021 and are expected to witness progressive growth by 5.6% during the forecasted period. The growth can be attributed to the rising demand for different types of premium sweaters and coats, such as casual and formal wear.

The men's end-user segment is expected to witness the fastest CAGR of 6.6% in the forecast period. The growth is attributed to the upgraded standards of living and increasing demand for cashmere clothing, such as coats and trousers, as fashion apparel.

Europe was the largest regional market in 2021 and accounted for more than 37.38% of the global share. The market is driven by rising demand for different types of cashmere clothing in countries, such as Germany, Italy, and the U.K. Moreover, Europe is considered the world’s largest fashion hub due to the strong presence of several luxury brands in the region, which also drives the market growth. However, North America is expected to be the fastest-growing regional market at a CAGR of 6.5% in the forecast period. The U.S. is the major market in this region due to the high demand for luxury clothing.

Cashmere Clothing Market Report Highlights

  • The sweaters and coats product segment is projected to grow at the fastest CAGR of 5.6% during the forecast period. The growth can be attributed to the rising demand for different types of premium sweaters and coats, such as casual and formal wear
  • Men’s end-user segment is expected to grow at the fastest CAGR of 6.6% in the forecast period. The growth is attributed to the improving standards of living and increasing demand for cashmere clothing, such as coats and trousers, as fashion apparel
  • Europe dominated the market with the largest market share of 37.38% in 2021 and is projected to exhibit a CAGR of 4.7% in the forecast period. The growth is attributed to a huge surge in the demand for various cashmere clothing products in the U.K., Italy, and Germany
  • North America upheld the market with a 26.67% market share in 2021 and is expected to be the fastest-growing regional market at a CAGR of 6.5% in the forecast period. The U.S. is the major market in this region due to the high demand for luxury clothing


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Frequently Asked Questions about the Global Cashmere Clothing Market

What is the estimated value of the Global Cashmere Clothing Market?

The Global Cashmere Clothing Market was estimated to be valued at $2.64 Billion in 2022.

What is the growth rate of the Global Cashmere Clothing Market?

The growth rate of the Global Cashmere Clothing Market is 6.1%, with an estimated value of $4.23 Billion by 2030.

What is the forecasted size of the Global Cashmere Clothing Market?

The Global Cashmere Clothing Market is estimated to be worth $4.23 Billion by 2030.

Who are the key companies in the Global Cashmere Clothing Market?

Key companies in the Global Cashmere Clothing Market include Loro Piana S.P.A., Brunello Cucinelli S.P.A., Alyki, Felice De Palma & Co., Pringle of Scotland Limited, Ermenegildo Zegna Holditalia S.P.A., Sofiacashmere, Autumn Cashmere and Corso Italia S.P.A..

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Cashmere Clothing Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s Five Forces Analysis
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of the Cashmere Clothing Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19 on the Cashmere Clothing Market.
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Cashmere Clothing Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2021 & 2030
5.2. Sweaters and Coats
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
5.3. Pants and Trousers
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
5.4. Tees and Polo
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
5.5. Others
5.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 6. Cashmere Clothing Market: End User Estimates & Trend Analysis
6.1. End-User Movement Analysis & Market Share, 2021 & 2030
6.2. Men
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
6.3. Women
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 7. Cashmere Clothing Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2021 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.2.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.2.4. The U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.2.4.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.3.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.3.4. Germany
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.3.4.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.3.5. Italy
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.3.5.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.4.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.4.4.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.4.5. Japan
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.4.5.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.5.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.5.4.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.6. Middle East & Africa (MEA)
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.6.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
7.6.4.3. Market estimates and forecast, by the end-user, 2017 - 2030 (USD Billion)
Chapter 8. Competitive Analysis
8.1. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.2. Vendor Landscape
8.2.1. Key company market share analysis, 2021
Chapter 9. Company Profiles
9.1. Loro Piana S.P.A.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Brunello Cucinelli S.p.A.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Alyki - Felice De Palma & Co.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Pringle of Scotland Limited
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Ermenegildo Zegna Holditalia S.p.A.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. SofiaCashmere
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Autumn Cashmere
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Malo
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Corso Italia S.p.A.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. TSE Cashmere
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables
Table 1 Cashmere Clothing - Key market driver analysis
Table 2 Cashmere Clothing - Key market restraint analysis
Table 3 Global sweaters and coats cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 4 Global pants and trousers cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 5 Global tees and polo cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 6 Global other products cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 7 Global men cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 8 Global women cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 9 North America cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 10 North America cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 11 North America cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 12 U.S. cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 13 U.S. cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 14 U.S. cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 15 Europe cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 16 Europe cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 17 Europe cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 18 Germany cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 19 Germany cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 20 Germany cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 21 Italy cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 22 Italy cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 23 Italy cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 24 Asia Pacific cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 25 Asia Pacific cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 26 Asia Pacific cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 27 China cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 28 China cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 29 China cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 30 Japan cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 31 Japan cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 32 Japan cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 33 Central & South America cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 34 Central & South America cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 35 Central & South America cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 36 Brazil cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 37 Brazil cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 38 Brazil cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 39 Middle East & Africa cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 40 Middle East & Africa cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 41 Middle East & Africa cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 42 South Africa cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Table 43 South Africa cashmere clothing market revenue estimates and forecast by product, 2017 - 2030 (USD Billion)
Table 44 South Africa cashmere clothing market revenue estimates and forecast by the end-user, 2017 - 2030 (USD Billion)
Table 45 Vendor landscape
List of Figures
Fig. 1 Cashmere Clothing market snapshot
Fig. 2 Cashmere Clothing market segmentation & scope
Fig. 3 Cashmere Clothing market penetration & growth prospect mapping
Fig. 4 Cashmere Clothing value chain analysis
Fig. 5 Cashmere Clothing market dynamics
Fig. 6 Cashmere Clothing market Porter's analysis
Fig. 7 Cashmere Clothing market: Product movement analysis
Fig. 8 Cashmere Clothing market: End User movement analysis
Fig. 9 Cashmere Clothing market: Regional movement analysis

Companies Mentioned

  • Loro Piana S.P.A.
  • Brunello Cucinelli S.P.A.
  • Alyki - Felice De Palma & Co.
  • Pringle of Scotland Limited
  • Ermenegildo Zegna Holditalia S.P.A.
  • Sofiacashmere
  • Autumn Cashmere
  • Malo
  • Corso Italia S.P.A.
  • Tse Cashmere

Methodology

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