Fast Market Research announces the availability of the new TechNavio report, "Global Premium Denim Jeans Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/20/2015 -- The premium denim jeans market includes all those denim jeans which cost $160 and above. The end users for these products are usually the HNWIs who are willing to spend more money for a good pair of jeans. What sets it apart from the normal jeans is the comfortable fit and premium quality of the cloth, as well as the label attached to them.
Technavio analyst forecast the global premium denim jeans market to grow at a CAGR of 8.12% during 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "The demand for luxury goods comes mainly from the developing regions. China is the fastest growing country in the luxury goods segment. With the growing middle class segment in APAC, people prefer high-end goods. The population of China is spending aggressively on luxury goods, including apparel such as premium denim jeans. The growing upper middle class population in APAC is becoming inclined to adopt luxury goods and upgrading their status in society."
Get More Details on this Report and a Full Table of Contents at Global Premium Denim Jeans Market 2015-2019
According to the report, the per capita disposable income determines an individual's ability to purchase goods or services. With the rising disposable income, people tend to spend more on apparel or high-end consumer goods that come under the luxury segment. Jeans have become a necessity and an essential wardrobe staple. Jeans are an evergreen style with no age or gender barriers. With the growth in the overall denim jeans market, there has also been ongoing growth in the demand for premium denim jeans.
Further, the report states that the rapidly changing fashion trends are the greatest challenge in the market as consumers follow the style and fashion of their preference.
The key players in the Global Premium Denim Jeans Market are ASOS.com, Farfetch, Highland Group, Nordstorm, VF and Zalando while other prominent vendors include Agave, Armani, Banana Republic, CK, Citizens of Humanity, DKNY, DL 1961, Express, J Brand, Jose Jeans, Hudson, Naked and Famous, Nudie, Paige, Guess, Gap, Levi's and William Rast
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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