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Luxury Apparel Market Set to Surge at 4% CAGR, to Reach USD 115 billion by 2031 | Transparency Market Research, Inc.

As digital technologies and AI become more integrated, the demand for luxury apparel is predicted to increase.Wilmington, Delaware, United States, Dec. 15, 2023 (GLOBE NEWSWIRE) Transparency Market Research Inc. - Global luxury apparel sales reached US$ 75.1 Billion in 2020. From 2021 to 2031, the market is expected to increase at a CAGR of 4%. A market value of US$ 115 billion is forecast for the global luxury apparel industry by 2031. In recent years, social media and digital platforms have ....

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