Global Luxury Zipper Market Revenue Projected to reach USD 2,864 million by 2030

26-Apr-2023 | Facts and Factors

According to the Facts and Factors report, the global luxury zipper market size was worth around USD 1,902 million in 2022 and is predicted to grow to around USD 2,864 million by 2030 with a compound annual growth rate (CAGR) of roughly 6.02% between 2023 and 2030.

Zipper, as the name suggests are used for fastening and were initially used as a fastener for boots. But, because it is easy to fasten, it became increasingly popular for various products such as trousers, shirts, jackets and other apparels and accessories. Luxury zipper on contrary are designed to match with exotic bags and garments. Furthermore, the production of the luxury zippers is also different; their manufacturing process is also different to furnish them with durability, smoothness and aesthetic finish.  Luxury zippers are particularly used in some mid-range and all the high-end bags and garments.

Browse the full “Luxury Zipper Market: By Type (Metal Zipper, Nylon Zipper, Plastic Zipper, and Others) and By End-User (Clothing/wearable and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026” report at https://www.fnfresearch.com/luxuryzippermarket

As the demand for luxurious goods is bolstering, companies are constantly investing in research and development for producing high-quality products in order to satisfy the consumer demands. Using high-quality material for producing luxury leather products such as handbags, etc. significantly increases the demand for luxury zippers. Often, customers who buy luxury apparels for the first time go for the product to portray a particular image in the society. This factor transforms into brand loyalty and consequently, they do not mind spending certain extra money for buying from their favorite brands.

However, increased functionality, expensive materials and the growing expectations of the consumer for high quality are presenting a heap of challenges for luxury zipper manufacturers especially for the production process of the value chain. Besides design, these zippers are expensive and excellent in manufacturing quality.

Furthermore, in cost-sensitive economies such as Asia, Africa, Latin America, etc., manufacturers are still hesitant to pay for such expensive zippers for luxury goods. But despite being expensive, there are several aspects such as technological advancements including automation in the manufacturing process, manufacturers are focusing on producing specialty zippers for niche category products, increasing demand for stylish and customized zipper pullers which will further create lucrative opportunity for luxury zippers market in coming years.

By type, the metal zipper segment dominated the global market with a share of nearly 54%. However, the plastic zipper segment is anticipated to register a significant growth owing to cost effectiveness, lightweight and durability. In terms of end-users, the others segment dominated the market generating revenues worth nearly USD 1,902 million in 2022. It is anticipated to grow up to USD 2,864 million by the year 2030, with an expected CAGR of 6.02% from 2023 to 2030.

Geographically, the worldwide luxury zipper industry is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific accounted for the largest share of nearly 32% in 2022 owing to the presence of huge population in China and India. Cheaper labor, huge scope of development, westernization, increasing disposable incomes and rising number of smaller players are some factors driving the growth of this region.

Report Scope

Some of the leading players in the global market include

Ideal fastner, YKK Corporation, 3F Fuxing Group, Riri SA, Fujian SBS Zipper Science and Technology, YBS Zipper Group, KAO SHING CO. LTD, YCC, Weixing Co. Ltd, Lampo, Coats Group plc,.

This report segments the luxury zipper as follows:

By Type Segment Analysis

• Metal zipper
• Nylon zipper
• Plastic zipper
• Others

By End-User Segment Analysis

• Clothing/wearable
• Others

By Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle-East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

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