The global luxury apparel market is growing at 6.75 per cent. Fashion designers are experimenting with women’s fashion in material, design, and pallet. Thus the female segment dominates not only the global fashion market but also the luxury apparel market. Women in entertainment, modeling, and sports prefer premium fabric clothing made of satin, lace, fur, and polyester that provides them comfort.

Cotton fabric is one of the main drivers of the global luxury apparel market, especially pure cotton, due to the kind of weave, namely twill and plain weave, utilized. Users all over the world demand cotton dresses, shirts, and tops due to low maintenance, durability, and cooling capability. Leather is the second highest growing material in the luxury apparels market.

North America has a significant market share in luxury apparel, followed by Europe. The growing attraction of a luxury lifestyle, high purchasing power, and the influence of celebrity endorsement are driving the market in North America. The Asia-Pacific region is also estimated to witness significant growth. However, value-added taxes imposed on luxury apparel and the high dominance of key players are restraining the market growth in developing economies. The high cost of raw materials is also hampering the luxury apparel market growth.