Necktie Industry- Top Players in Global and Major Regions: Report by Radiant Insights
Men have always relied on neckties as a rite of passage of being accepted into adulthood. Neckties have withstood the test of time and become a necessary fashion accessory since its inception nearly 400 years back.
Key Grooming Accessory for Men
Neckties have been a staple of formal wear in business circles and schools. Men and boys are the biggest users of this accessory. Various types of neckties are cravat, ascot tie, bow tie, clip-on tie, and others. Baby boomers and generation X consumers have readily adopted it as part of their attire. But neckties are facing slow sales of late, with some exclusive stores facing shutdowns.
To access full “Global Necktie Industry 2017 Market Research Report”, click here: https://www.radiantinsights.com/research/global-necktie-industry-2017
But they can make a comeback due to their portrayal on television shows. Millennials are an ever-growing consumer base and can spark a trend due to their influence on social media and other online channels. Wider ties are being accepted on a relatively large scale, with major fashion brands introducing them in recent launches.
Planning a Return
Stefano Ricci, an Italian manufacturer, has decided to manufacture premium ties to cater to its exclusive clientele. Its latest tie is embedded with 100 diamonds of 25 karats each. Saudi Arabia is the future destination of ties and other fashion accessories. Saudi men are influenced by television icons and pay great attention to their grooming style by adopting latest fashion trends.
Manufacturers are catering to affluent Chinese families by utilizing the talents of Chinese fashion bloggers. The turnaround can be seen in Gucci’s sales in 2016. Another area of focus is manufacturing technique. This is evident from the procurement of a 3D knitting machine by Thursday Finest, a U.S. startup. The marriage of Shima Seiki technology and e-commerce portals is expected to deliver a big turnover to the company.
Neckties Market Overview
The worldwide necktie industry is anticipated to attain lucrative returns by 2022, according to a report on Radiant Insights, Inc. It is expected to exhibit a decent CAGR over the forecast period (2012 – 2022) due to changing trends in fashion and increasing expendable incomes among consumers.
Wider neckties are expected to experience a windfall in the forthcoming years, while skinny neckties will witness declining growth. Men are expected to be the biggest end-use segment of the market, followed by women. North America is anticipated to see major sales due to the U.S. being a favorite investment hub for various fashion houses. Asia Pacific is projected to display a high CAGR due to growing economies of India and China.
Some of the key players within the necktie industry are Stefano Ricci, Burberry plc, Robert Cavalli, and Hermès International S.A. Companies are attempting various strategies to expand their reach such as collaborations, novel product launches, and attractive price rates. For instance, Hermès launched a unique subscription service, “Tie Society”, which offers their best ties to customers on a monthly, bi-monthly, or quarterly subscription.
Request free sample copy of this report @ https://www.radiantinsights.com/research/global-necktie-industry-2017/request-sample
About Radiant Insights
Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience help for delivering excellence in all research projects.
Key Grooming Accessory for Men
Neckties have been a staple of formal wear in business circles and schools. Men and boys are the biggest users of this accessory. Various types of neckties are cravat, ascot tie, bow tie, clip-on tie, and others. Baby boomers and generation X consumers have readily adopted it as part of their attire. But neckties are facing slow sales of late, with some exclusive stores facing shutdowns.
To access full “Global Necktie Industry 2017 Market Research Report”, click here: https://www.radiantinsights.com/research/global-necktie-industry-2017
But they can make a comeback due to their portrayal on television shows. Millennials are an ever-growing consumer base and can spark a trend due to their influence on social media and other online channels. Wider ties are being accepted on a relatively large scale, with major fashion brands introducing them in recent launches.
Planning a Return
Stefano Ricci, an Italian manufacturer, has decided to manufacture premium ties to cater to its exclusive clientele. Its latest tie is embedded with 100 diamonds of 25 karats each. Saudi Arabia is the future destination of ties and other fashion accessories. Saudi men are influenced by television icons and pay great attention to their grooming style by adopting latest fashion trends.
Manufacturers are catering to affluent Chinese families by utilizing the talents of Chinese fashion bloggers. The turnaround can be seen in Gucci’s sales in 2016. Another area of focus is manufacturing technique. This is evident from the procurement of a 3D knitting machine by Thursday Finest, a U.S. startup. The marriage of Shima Seiki technology and e-commerce portals is expected to deliver a big turnover to the company.
Neckties Market Overview
The worldwide necktie industry is anticipated to attain lucrative returns by 2022, according to a report on Radiant Insights, Inc. It is expected to exhibit a decent CAGR over the forecast period (2012 – 2022) due to changing trends in fashion and increasing expendable incomes among consumers.
Wider neckties are expected to experience a windfall in the forthcoming years, while skinny neckties will witness declining growth. Men are expected to be the biggest end-use segment of the market, followed by women. North America is anticipated to see major sales due to the U.S. being a favorite investment hub for various fashion houses. Asia Pacific is projected to display a high CAGR due to growing economies of India and China.
Some of the key players within the necktie industry are Stefano Ricci, Burberry plc, Robert Cavalli, and Hermès International S.A. Companies are attempting various strategies to expand their reach such as collaborations, novel product launches, and attractive price rates. For instance, Hermès launched a unique subscription service, “Tie Society”, which offers their best ties to customers on a monthly, bi-monthly, or quarterly subscription.
Request free sample copy of this report @ https://www.radiantinsights.com/research/global-necktie-industry-2017/request-sample
About Radiant Insights
Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience help for delivering excellence in all research projects.
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