Global Necktie Market Size, Share, and Trends Analysis Report, Wearing Type (Self-tied and Pre-tied), Forecast (2022-2028)

The necktie market is anticipated to grow at a significant CAGR of 2.3% during the forecast period (2022-2028). Demand is expected to rise as a result of the growing trend of wearing neckties with casual outfits. The finished result has a polished, poised, and beautiful appearance. The industry is expected to expand with the rising demand from employed consumers of banking, media professionals, and students. Neckties convey professionalism, authority, power, and exclusivity, all of which are expected to promote demand. Neckties are worn as part of the uniform at many elementary schools, business schools, and colleges. Specific colored and patterned neckties are worn by military units, clubs, and professional organizations, among others, as a show of membership and unity. This aspect is expected to boost product demand even further.

The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in February 2021, in NCKU’s “Banyan Souvenir Series,” internationally renowned brand “YEN TING CHO” introduced a bow tie and necktie. The “Banyan Souvenir Series,” created by Yen-Ting Cho, is a collection of fashion items based on the well-known gorgeous campus backdrop. The third collection in the “Banyan Souvenir Series” is the “Banyan” bow tie and necktie. Cho previously designed a wool scarf called “Banyan” and a silk satin square called “Banyan Silk Satin Square.” Cho created these goods with his own interactive software, “MovISee.” He used computer software to keep the tone of the “Banyan Souvenir Series” series but changed the patterns to produce fresh, original designs with the new bow ties and neckties.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Wearing Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Giorgio Armani SPA., Ralph Lauren Corp., PVH Corp., LVHM, Brackish Brand, Vineyard Vines, The Tie Bar, Turnbull & Asser, and Battistoni among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Necktie Market Report by Segment

By Wearing Type

• Self-Tied
• Pre-Tied

Global Necktie Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa