Market Insights Consumer Apparel Men's Apparel

Blazers - Luxembourg

Luxembourg

Luxembourg's revenue in the Blazers market is projected to reach US$14.71m in 2024.
This market is anticipated to grow annually by -0.91% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this segment, amounting to US$10,310m in 2024.
In terms of per person revenue, in Luxembourg generates US$22.24 in 2024.
The volume in the Blazers market is expected to reach 64.7k pieces by 2029.
However, there will be a slight volume decline of -0.9% in 2025.
On average, each person in Luxembourg is expected to have a volume of 0.1pieces in the Blazers market in 2024.
Luxembourg's affluent population has led to a rise in demand for high-end, tailored blazers, making it a prime market for luxury menswear brands.

Key regions: India, Indonesia, Europe, Singapore, Australia

Market

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Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.