According to Cognitive Market Research, The global luxury tie market size is USD 2.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 3.50% from 2023 to 2030.
The demand for luxury ties market is rising due to the Increased disposable income of the people, increased adoption of luxury lifestyle
Demand for silk remains higher in the luxury tie market.
The online sales category held the highest luxury tie market revenue share in 2023.
The European luxury tie market will continue to lead, whereas it will experience the most substantial growth until 2030.
