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Cashmere Clothing Market Size, Share, 2019-2025 | Industry Report

Cashmere Clothing Market Analysis Report By Product, By End User, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619684  |  Published: May 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global cashmere clothing market size was accounted for the revenue of USD 2.66 billion in 2018. This market is expected to witness a CAGR of 3.96%, during the forecasted years, 2019-2025. This growth can be attributed to rising demand for ideal and fine clothing among the millennial population. Moreover, external factors such as rising disposable income across the globe coupled with increased living standard are expected to drive the market in the upcoming years.

These cashmere products are being manufactured using cashmere yarns. These yarns are lighter, stronger, finer and softer than the rest of the types. They also have good moisture content and thereby can be easily adjustable at all temperatures and climatic conditions. They also help in enhancing the aesthetic looks. Such factors are anticipated to drive the market for cashmere clothing over the forecast period.

U.S. Cashmere clothing market

The demand for these types of premium clothing has been on the rise across the world owing to rising disposable income among the working professionals coupled with increasing trend for adopting premium clothing to enhance the physical appearance. However, limited raw material and high production costs are expected to act as a hindrance in the growth of the market.

As this type of clothing is more costly as compared to the rest of the types, they are categorized as luxury or premium clothing apparel. The market for such clothing in North America is projected to grow at the fastest rate from 2019to 2025. Moreover, increasing fashion industry across Europe has contributed to its largest share in the regional market.

Product Insights

The market for cashmere clothing can be classified as tees & polo, pants & trousers, sweaters & coats, and others, based on product. The segment of sweaters & coats held the highest share of over 52% across the cashmere clothing market. It is also expected to register a steady growth rate during the forecasted years, 2019 to 2025.

This can be associated with increasing demand for premium coats and sweaters, like formal and casual wear. The segment for tees and polo are anticipated to witness the highest growth rate with a CAGR of 5.67% in the upcoming years. This growth can be associated to improving living standard among the millennial population across the developed and developing regions.

End User Insights

In 2018, the end user segment of men is anticipated to register highest growth with a CAGR of 4.51% from 2019 to 2025. This growth can be associated to rising demand for such clothing like trousers, fashion apparels and coats among men. Moreover, rising desire to look presentable is expected to drive the market growth.

Global cashmere clothing market

The women's end-user segment held the largest share across the global market in 2018. This can be associated with rising demand for scarves and shawls among women. Manufacturers have started launching products with variety of patterns and designs for engaging the consumers. Moreover, they have started producing unique accessories that are being made from this fabric.

Regional Insights

In 2018, Europe held the highest share of 38.0% across the global market. This growth can be attributed to increasing demand for such cashmere clothing across countries like U.K., Italy, and Germany. Moreover, growing fashion industry and the presence of a variety of luxurious brands across this region are expected to pave the way for market growth.

North America is anticipated to register the highest growth rate with a CAGR of 5.06% during the forecasted years, 2019 to 2025. This can be attributed to rising demand for luxurious clothing across developed regions like U.S. and Canada.

Cashmere Clothing Market Share Insights

The market for cashmere clothing includes key players such as Ermenegildo Zegna Holditalia S.p.A.,Brunello Cucinelli S.p.A., Autumn Cashmere, Sofia Cashmere, Pringle of Scotland Ltd., Alyki - Felice De Palma & Co., and Loro Piana S.p.A. These manufacturers have started implementing several marketing strategies to penetrate deeper into the emerging market. Moreover, new entrants have started entering the emerging markets due to rising product demand.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, Italy, China, Japan, Brazil and South Africa

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, andprovides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global cashmere clothing market report based on product, end user, and region:

 • Product Outlook (Revenue, USD Billion, 2015 - 2025)
    • Sweaters & Coats
    • Pants & Trousers
    • Tees & Polo
    • Others

 • End user Outlook (Revenue, USD Billion, 2015 - 2025)
    • Men
    • Women

 • Regional Outlook (Revenue, USD Billion, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • Italy
    • Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East and Africa
        • South Africa

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