North America Cashmere Clothing Market Size & Outlook
North America cashmere clothing market, 2018-2030 (US$M)
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North America cashmere clothing market highlights
- The North America cashmere clothing market generated a revenue of USD 761.9 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, sweaters and coats was the largest revenue generating product in 2023.
- Tees and Polo is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 761.9 million |
| Market revenue in 2030 | USD 1,172.1 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Sweaters and coats |
| Fastest growing segment | Tees and Polo |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sweaters and Coats, Pants and Trousers, Tees and Polo |
| Key market players worldwide | Brunello Cucinelli SpA, The Naga Group AG, Repeat Cashmere, Lvmh Moet Hennessy Louis Vuitton SE, Pringle of Scotland, Autumn Cashmere, TSE Cashmere, 360Cashmere, White + Warren, Dawson Forte Cashmere, Lisa Todd, Gobi Cashmere |
Other key industry trends
- In terms of revenue, North America region accounted for 27.2% of the global cashmere clothing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 126.0 million by 2030.
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Cashmere Clothing Market Scope
Cashmere Clothing Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America cashmere clothing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cashmere clothing market will help companies and investors design strategic landscapes.
Sweaters and coats was the largest segment with a revenue share of 52.46% in 2023. Horizon Databook has segmented the North America cashmere clothing market based on sweaters and coats, pants and trousers, tees and polo covering the revenue growth of each sub-segment from 2018 to 2030.
A growing section of the population in North America seeks prestige in their fashionable clothing choices, and cashmere clothing has gained significance in countries like the U.S. Cashmere clothing serves as a status symbol among consumers due to their growing preference for luxury and fashionable clothing items. The popularity of cashmere clothing items has risen dramatically, and countries like the U.S. and Canada import most of the finished goods from countries like China and Mongolia.
The rising disposable income and increasing demand from working women for fashionable luxury apparel are key factors boosting the consumption of high-end clothing and footwear across North America. The influence of fashion magazines and social media platforms has also driven the demand for high-end fashionable garments in the region.
Consumers have been showing a growing preference for sustainable and ethically produced materials on the heels of increasing environmental and ethical concerns in the fashion industry. Cashmere, when sourced responsibly, can align with these values, further boosting its popularity among conscientious consumers.
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Our clientele includes a mix of cashmere clothing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America cashmere clothing market , including forecasts for subscribers. This continent databook contains high-level insights into North America cashmere clothing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cashmere clothing market size, by country, 2018-2030 (US$M)
North America Cashmere Clothing Market Outlook Share, 2023 & 2030 (US$M)
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