Technavio, a tech-focused market research company, has published a new report on the global cufflinks market, which is expected to grow at a CAGR of close to 14% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers classify the global cufflinks market into the following key regions: the Americas, APAC, and EMEA.
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Cufflinks market in EMEA: The primary factors driving the cufflinks market in EMEA are the design innovations and the development of products with improved features introduced by the vendors. Economic development and increasing purchasing power will help in the growth of the market in this region. EMEA is predicted to grow at a steady pace during the forecast period.
According to Brijesh Kumar Choubey, a lead analyst at Technavio, specializing in research on retail goods and services, “Increasing demand for varied designs from emerging nations like Saudi Arabia, the UAE, and South Africa will aid EMEA to maintain its market position over the next four years. The traditional form of men’s clothing prevalent in the Middle East will boost the demand for cufflinks in the region. The rise in the population and increasing sense of style will have a positive impact on the market growth in this region.”
Cufflinks market in the Americas: The high brand awareness and the rise in the number of product launches will drive the development of the American market. The US is the largest revenue contributor in the market in the Americas and the global market. The growing influx of high-income immigrants will considerably add to the number of high-net-worth-individuals (HNWIs) and boost the sales for premium cufflinks in the American market. The increase in the middle-class population will drive the market in South and Central America.
Cufflinks market in APAC: The higher standards of living and thriving economies like China and India are the main revenue contributors in the APAC market. The vendors in the market are launching a wide array of product offerings to expand their business and increase their profitability. The development of the economy in APAC will make it the fastest-growing region in the global market during the forecast period.
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The top vendors operating in the global cufflinks market are:
- Cartier
- Louis Vuitton
- Montblanc
- Paul Smith
- Tiffany
Other prominent vendors in the market include Armenta Collection, Burberry, CHANEL, CuffLinks, Dolce & Gabbana, Giorgio Armani, GUCCI, HUGO BOSS, PRADA, Ralph Lauren, and Tateossian.
A more detailed analysis is available in the Technavio report titled, ‘Global Cufflinks Market 2017-2021’. Technavio also customizes reports by additional regions and specific segments upon request.
Other related reports:
- Global Industrial Protective Clothing Market 2016-2020
- Global High-Visibility Clothing Market 2016-2020
- Textile Manufacturing Market in Turkey 2016-2020
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