Market Insights Consumer Apparel Women's Apparel

Blazers - Luxembourg

Luxembourg

in Luxembourg, a country known for its high standard of living and prosperous economy, is no stranger to the Blazers market.
In 2024, the revenue in this segment reached an impressive US$17.69m.
Looking ahead, the market is projected to experience an annual growth rate of -0.83% (CAGR 2024-2028).
While in Luxembourg holds its own in the Blazers market, it pales in comparison to the revenue generated by in China, which amounted to a staggering US$24,210m in 2024.
This highlights in China's dominance in the global market.
To put things into perspective, in 2024, the per person revenue in the Blazers market stood at US$26.75.
This figure takes into account the total population of Luxembourg, showcasing the segment's significance within the country.
As we move towards 2028, the volume in the Blazers market is expected to reach 138.1k pieces, demonstrating steady growth.
However, there might be a slight decline in volume growth in 2025, with a projected rate of -0.4%.
When considering the average volume per person in the Blazers market, we anticipate it to be 0.2pieces in 2024.
This figure reflects the individual consumption within Luxembourg's population and underscores the importance of Blazers market in the country's market landscape.
Luxembourg's blazer market is thriving, with a growing demand for high-quality, tailored blazers favored by the country's affluent and fashion-conscious population.

Key regions: Indonesia, Singapore, United States, China, Germany

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.