Cufflinks Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global cufflinks market to grow at a CAGR of 13.52 % during the period 2017-2021 .
Other Prominent Vendors in the market are : Armenta Collection , Burberry , CHANEL , CuffLinks , Dolce & Gabbana , Giorgio Armani , GUCCI , HUGO BOSS , PRADA , Ralph Lauren , and Tateossian .
Commenting on the report , an analyst said : One trend in market is consumers ’ shift to customization of cufflinks . The varying customer preferences in terms of style , design , and comfort are fueling the demand for customized cufflinks globally . In response to the changing needs and demands of consumers , many manufacturers have introduced customized cufflinks , incorporating photos , monograms , and so on . For instance , vendors such as Ties N Cuffs and CustomMade . com offer customized cufflinks to attract new businesses and increase their clientele . Customization presents consumers a way to express their unique style and personality . Customers ' ability to design their own cufflinks offers a novelty factor . It can also set a brand apart from the competition . The growing demand for customization is expected to drive the global cufflinks market in the forecast period .”
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According to the report , one driver in market is rise in demand for French cuff shirts . French cuff shirts have been an essential component in European and American men ' s formal wear and are now gaining in favor worldwide . The high demand for French cuff shirts among working professionals is driving the sales of the global cufflinks market . The global menswear market is expected to post a CAGR of over 4 % during 2016-2021 . The declining trend of wearing ties has popularized dress shirts that require cufflinks , such as French cuff shirts . This has boosted the sales of French cuff shirts and , in turn , cufflinks . Some of the popular brands offering French cuff shirts are Calvin Klein , Tommy Hilfiger , Levi ' s , Ralph Lauren , and KENNETH COLE .
Further , the report states that one challenge in market is presence of fake products . The market faces significant challenges due to the increasing penetration of counterfeit products in the market . Counterfeit cufflinks have now become commonplace owing to their easy availability on the internet . Such products can prove detrimental to genuine cufflink manufacturers , who will then struggle to create and build trust among consumers for their brand . For instance , fake cufflinks are offered under the brands Paul Smith , Tiffany & Co ., FABERGÉ , and Christian Dior . In 2014 , the counterfeit products business surpassed $ 250 billion according to the United Nations Office on Drugs and Crime ; one-tenth of this value was accounted for by watches and jewelry .