Neckwear Market Size, Share & Trends Analysis Report by Product (Neckties, Bowties), By Wearing Type (Self-tied and Pre-tied), By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global neckwear market size is expected to reach USD 4.2 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 2.1% during the forecast period. Demand for neckwear for formal as causal occasions is anticipated to drive the market. Major manufacturers focus on innovation to produce boutique-branded products to attract more consumers. This factor is anticipated to further drive the market growth.

Consumers prefer wearing ties as they project professionalism, confidence, authority, power, and exclusivity. Rising use of neckwear, especially neckties in professional settings is expected to drive the market growth. Media executives, bankers, business school students, and hospitality professionals are some of the major consumers.

Neckwear manufacturers focus on attracting consumers looking to pair neckwear with casual clothing. Innovations such as trendy designs, soft touch fabric, bright and funky colors, and occasion-specific neckties to attract millennials are projected to create growth opportunities for the market. Along with traditional silk, they focus on using materials such as microfibers, polyester, and cotton to enhance the product offerings.

Key market players focus on experimenting with their product offering and widening the portfolio. For instance, in 2017, Korbata, a Guatemalan manufacturer of men's fashion accessories launched a new collection called Nawales, inspired by the Mayan worldview and their sacred calendar representing an element of nature and energy.

Neckties product segment is expected to continue holding the largest market share in the forthcoming years, High demand for neckties due to the common acceptance of the product as a part of regular business attire is anticipated to bode well for the segment growth. Consumers choose different designs, patterns, and colors for different occasions. Bow tie is projected to be the fastest growing segment over the forecasted period owing to its growing adoption among millennials as a casual wear accessory.

Key players in the neckwear industry focus on product innovation, brand endorsement, and social media marketing. For instance, in 2017, The Tie Bar, a Chicago-based menswear company, launched subscription model for the U.S. based consumers to improve its customer retention ratio. The company delivers three brand new bow ties or neckties to the consumers depending on their product preference in two intervals-either in six months or a year.

Asia Pacific is expected to continue holding the largest market share and register the fastest CAGR over the forecast period. The growth is majorly driven by rising demand from countries such as China, India, Japan, and Korea. Factors such as growing population, fashion consciousness, and booming commercial sector are projected to drive the regional market growth.

Further key findings from the report suggest:

• Pre-tied neckwear is estimated to expand at the fastest CAGR of 2.7% during the forecast period, due to convenience and user-friendliness

• Asia Pacific is estimated to expand at the fastest a CAGR of 2.6% over the forecast period owing to growing disposable income, number of private schools and colleges, and number of working population

• Some of the major players operating in the neckwear market 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; and Battistoni

 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. GVR's 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. Neckwear 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
                               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 Neckwear Market
                     3.7. Market Entry Strategies
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. Neckwear Market: Product Estimates & Trend Analysis
                     5.1. Product Movement Analysis & Market Share, 2018 & 2025
                     5.2. Neckties
                          5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                     5.3. Bowties
                          5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                     5.4. Others
                          5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Neckwear Market: Wearing Type Estimates & Trend Analysis
                     6.1. Wearing Type Movement Analysis & Market Share, 2018 & 2025
                     6.2. Self-Tied
                          6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                     6.3. Pre-Tied
                          6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Neckwear Market: Regional Estimates & Trend Analysis
                     7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                     7.2. North America
                          7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.2.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                          7.2.3. Market estimates and forecast, by Wearing Type , 2015 - 2025 (USD Million)
                          7.2.4. U.S.
                               7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.2.4.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                               7.2.4.3. Market estimates and forecast, by Wearing Type , 2015 - 2025 (USD Million)
                     7.3. Europe
                          7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                          7.3.3. Market estimates and forecast, by Wearing Type , 2015 - 2025 (USD Million)
                          7.3.4. Germany
                               7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.3.4.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                               7.3.4.3. Market estimates and forecast, by Wearing Type , 2015 - 2025 (USD Million)
                          7.3.5. U.K.
                               7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.3.5.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                               7.3.5.3. Market estimates and forecast, by Wearing Type , 2015 - 2025 (USD Million)
                     7.4. Asia Pacific
                          7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.4.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                          7.4.3. Market estimates and forecast, by Wearing Type , 2015 - 2025 (USD Million)
                          7.4.4. China
                               7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.4.4.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                               7.4.4.3. Market estimates and forecast, by Wearing Type , 2015 - 2025 (USD Million)
                          7.4.5. India
                               7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.4.5.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                               7.4.5.3. Market estimates and forecast, by Wearing Type, 2015 - 2025 (USD Million)
                     7.5. Central & South America
                          7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.5.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                          7.5.3. Market estimates and forecast, by Wearing Type, 2015 - 2025 (USD Million)
                          7.5.4. Brazil
                               7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.5.4.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                               7.5.4.3. Market estimates and forecast, by Wearing Type, 2015 - 2025 (USD Million)
                     7.6. Middle East & Africa (MEA)
                          7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.6.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                          7.6.3. Market estimates and forecast, by Wearing Type, 2015 - 2025 (USD Million)
                          7.6.4. Nigeria
                               7.6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.6.4.2. Market estimates and forecast, by Product, 2015 - 2025 (USD Million)
                               7.6.4.3. Market estimates and forecast, by Wearing Type, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                     8.1. Key global players, recent developments & their impact on the industry
                     8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                     8.3. Vendor Landscape
                          8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                     9.1. Brooks Brothers Group, Inc.
                          9.1.1. Company Overview
                          9.1.2. Financial Performance
                          9.1.3. Product Benchmarking
                          9.1.4. Strategic Initiatives
                     9.2. Giorgio Armani 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. Ralph Lauren Corporation
                          9.3.1. Company Overview
                          9.3.2. Financial Performance
                          9.3.3. Product Benchmarking
                          9.3.4. Strategic Initiatives
                     9.4. PVH Corp.
                          9.4.1. Company Overview
                          9.4.2. Financial Performance
                          9.4.3. Product Benchmarking
                          9.4.4. Strategic Initiatives
                     9.5. LVHM
                          9.5.1. Company Overview
                          9.5.2. Financial Performance
                          9.5.3. Product Benchmarking
                          9.5.4. Strategic Initiatives
                     9.6. Brackish Brand
                          9.6.1. Company Overview
                          9.6.2. Financial Performance
                          9.6.3. Product Benchmarking
                          9.6.4. Strategic Initiatives
                     9.7. Vineyard Vines
                          9.7.1. Company Overview
                          9.7.2. Financial Performance
                          9.7.3. Product Benchmarking
                          9.7.4. Strategic Initiatives
                     9.8. THE TIE BAR
                          9.8.1. Company Overview
                          9.8.2. Financial Performance
                          9.8.3. Product Benchmarking
                          9.8.4. Strategic Initiatives
                     9.9. Turnbull & Asser
                          9.9.1. Company Overview
                          9.9.2. Financial Performance
                          9.9.3. Product Benchmarking
                          9.9.4. Strategic Initiatives
                     9.10. Battistoni
                          9.10.1. Company Overview
                          9.10.2. Financial Performance
                          9.10.3. Product Benchmarking
                          9.10.4. Strategic Initiatives

List of Tables

1. Neckwear - Key market driver analysis
2. Neckwear - Key market restraint analysis
3. Global neckties market estimates and forecast, 2015 - 2025 (USD Million)
4. Global bowties market estimates and forecast, 2015 - 2025 (USD Million)
5. Global others market estimates and forecast, 2015 - 2025 (USD Million)
6. Global Neckwear market estimates and forecast for Self-Tied, 2015 - 2025 (USD Million)
7. Global Neckwear market estimates and forecast for Pre Tied, 2015 - 2025 (USD Million)
8. North America Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
9. North America Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
10. North America Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
11. U.S. Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
12. U.S. Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
13. U.S. Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
14. Europe Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
15. Europe Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
16. Europe Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
17. Germany Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
18. Germany Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
19. Germany Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
20. U.K. Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
21. U.K. Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
22. U.K. Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
23. APAC Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
24. APAC Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
25. APAC Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
26. China Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
27. China Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
28. China Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
29. India Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
30. India Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
31. India Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
32. CSA Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
33. CSA Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
34. CSA Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
35. Brazil Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
36. Brazil Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
37. Brazil Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
38. MEA Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
39. MEA Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
40. MEA Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
41. Nigeria Neckwear market estimates and forecast, 2015 - 2025 (USD Million)
42. Nigeria Neckwear market revenue estimates and forecast by Product, 2015 - 2025 (USD Million)
43. Nigeria Neckwear market revenue estimates and forecast by Wearing Type, 2015 - 2025 (USD Million)
44. Vendor landscape

List of Figures

1. Neckwear market snapshot
2. Neckwear market segmentation & scope
3. Neckwear market penetration & growth prospect mapping
4. Neckwear value chain analysis
5. Neckwear market dynamics
6. Neckwear market Porter's analysis
7. Neckwear market: Product movement analysis
8. Neckwear market: Wearing Type movement analysis
9. Neckwear market: Regional movement analysis