Global Cashmere Clothing Market

Cashmere Clothing Market Size, Share, Growth Analysis, By Product(Sweaters, Coats, Trousers, Shirts), By Distribution channel(Supermarkets, Hypermarkets, Specialty Stores, Online Retail), By Category(Men, women, unisex), By Region - Industry Forecast 2024-2031

Report ID: SQSG25K2019 | Region: Global | Published Date: July, 2036
Pages: 157 | Tables: 95 | Figures: 76

Cashmere Clothing Market Regional Insights

Europe held the largest share of the global cashmere clothing market owing to the increasing demand for different types of cashmere products in countries like Germany, Italy, and the UK. Furthermore, Europe is considered as the world’s fashion hub because of the presence of several luxury brands in this region, which is also propelling growth of the market.

North America is estimated to show lucrative growth over the forecast period, due to increased sales of these products and increasing disposable income in emerging economies in the region. The U.S. is the major market in this region due to high demand for luxury clothing. China is the largest cashmere supplier in Asia Pacific, accounting for nearly 70% of market demand. Although China has numerous manufacturing units for leading brands, consumption is extremely low.

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Cashmere Clothing Market size was valued at USD 3.07 billion in 2019 and is poised to grow from USD 3.2 billion in 2023 to USD 4.44 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).

Global cashmere clothing market is disintegrating and is highly competitive owing to the presence of major players and regional players. Collaboration, mergers, acquisitions and new product launches have adopted these strategies by companies to enhance the growth of the business. All the dominant players are performing better than one another in specific parameters and in this way, the competition in the global cashmere clothing market is intensifying. 'Loro Piana', 'Brunello Cucinelli', 'The Elder Statesman', 'The Cashmere Shop', 'N.Peal', 'White + Warren', 'Pure Collection', 'TSE', 'Goat Fashion', 'Autumn Cashmere', 'Alanui', 'Sofia Cashmere', 'Eric Bompard', 'Malo', 'Barrie', 'Chinti and Parker', 'Christopher Fischer', 'Johnstons of Elgin', 'Begg & Co', 'Madeleine Thompson'

As popularity and demand for cashmere apparel products have risen, many industrialized countries import these products, which are considered premium. Globally, factors such as rising demand for high-quality clothes and the adoption of fashionable and luxury garments are expected to fuel market expansion.

The ERDOS Group has opened ERDOS Cashmere Care Centers in Beijing and other major cities to provide cleaning, maintenance, and repair services to their member customers. Centralised and specialized care services can help to reduce environmental impact by reducing water and detergent consumption. Many cashmere garments that had been worn for more than 20 or even 30 years were sent for care. Customers can place an order online or in-store to have an adult cashmere item transformed into a children's cashmere item by professional crafters. It is intended for customers who want to turn their cashmere sweater into a new one for their children. This innovative alteration service not only allows for the reuse of old cashmere clothing, but also gives it a strong sense of heritage, demonstrating the emotional connection between generations.

Europe held the largest share of the global cashmere clothing market owing to the increasing demand for different types of cashmere products in countries like Germany, Italy, and the UK. Furthermore, Europe is considered as the world’s fashion hub because of the presence of several luxury brands in this region, which is also propelling growth of the market.

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Global Cashmere Clothing Market

Report ID: SQSG25K2019

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