Necktie Market Size, Share, Growth, and Industry Analysis, By Type (Apron Necktie, Bow Tie, Seven-fold Tie, Skinny Necktie, Cravat), By Application (Men, Women, Kids), and Regional Forecast to 2034

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NECKTIE MARKET OVERVIEW

The Necktie Market  stood at  USD 2.11 billion in 2025 and is set to expand to USD 2.17 billion in 2026, eventually reaching USD 2.75 billion by 2034, driven by a CAGR of about 2.97%.

The necktie market is a small, niche market within the overall global fashion and apparel industry, with neckties being formalwear and business-related. Within the neckwear market, there are thousands of products including silk ties, wool ties, eco-friendly ties, etc. While neckties have historically been ranked as a men's fashion article, recent trends show some crossover between women establishing their own tie collections, the unisex use of ties, and the evolution of social dress cues and codes. The typical demand for neckties continues to be strong in the corporate/office sector, fashion retail, and ceremonial markets. But the necktie market has felt occasional dips due to workplace dress codes shifting to more casual attire demands. The necktie market has continued to change and develop with new fabric innovations, sustainable fibers, and creative designs to keep the market relevant.

NECKTIE MARKET KEY FINDINGS

• MARKET SIZE AND GROWTH- The necktie industry was valued at USD 2.05 billion in 2024 and is projected to grow to USD 2.11 billion in 2025, and ultimately surpass USD 2.67 billion by 2033 with a CAGR of 2.97% between 2024 and 2033.
• KEY MARKET DRIVERS- The international necktie industry is expected to expand as there continues to be a strong demand for formal and business casual apparel. In fact, over 60% of males in developed countries still wear neckties in a professional fashion.
• MAJOR MARKET RESTRAINTS- While we have seen a trend of allowing more casual dress in the workplace, and particularly in North America and Europe, we have also seen a decline of 15% necktie wearers for young professionals aged 18-35 years over the last five years.
• EMERGING TRENDS- Sustainable and eco-conscious textiles, for example organic cotton and recycled polyester, now comprise around 25% of new neckties collections introduced beings as well
• REGIONAL LEADERSHIP- Production is dominated by the Asia-Pacific region, which produces more than 50% of the global necktie production, with China and India investing heavily in their textile industries, with cheap labor costs.
• COMPETETIVE LANDSCAPE- Some of the major players are focused on customization projects and limited edition designs, covering niche luxury brands that have over 40% of the market with their bespoke neckties.
• MARKET SEGMENTATION- Polyester neckties capture around 45% of the market share, as polyester is cheap and the most consumed necktie, while silk neckties represent around 30% of the market share, as consumers will pay a premium for silk neckties.
• RECENT DEVELOPMENT - Smart neckties utilizing wearable technology have emerged and accounted for 5% of the market in metropolitan areas, as wearable technology now intersects fashion and purpose.

COVID-19 IMPACT

Necktie Industry Had a Negative Effect Due to remote work and event cancellations during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had a large positive impact on the necktie market primarily due to a global change in workplaces to remote work. It took away the normal demand for formalwear and participation in ceremonial dress. The demand for formalwear, including neckties, dramatically declined as offices and workplaces closed and all weddings, conferences, and social gatherings were postponed or simply put online. Retail also faced store closures and terrible low foot traffic revenue which contributed to an already declining demand for neckties. Many manufacturers and brands had inventory and stock piled up with nowhere to go and no revenue as the consumer opt for comfort and casual clothing. Overall, the pandemic caused an immediate drop off in the necktie market, with recovery starting as normalcy has started to return in 2022.

LATEST TRENDS

Necktie Market Growth Driven by Trends and Sustainability

Necktie trends in 2025 showcase a fantastic resurgence and personalization: brights have arrived (especially reds), textures and unusual materials are favored, and gender-neutrality is a common theme. There’s been a noticeable rise of red ties as hemlines are turned up again in neckties, buoyed by the Gen Z influencers including K-pop’s Stray Kids’ I.N and BLACKPINK’s Rosé pairing leather with maroon-red ties. And if that weren’t enough, there’s the influence of social media and celebrities (Anne Hathaway, Rami Malek, Zendaya, Bella Hadid) leading to larger resurgence with large and funky neckties in both offices and runways. Sustainability is also playing a big role with fabrics such as organic cotton, bamboo silk, and recycled polyester gaining popularity with eco-friend consumers. When looking at all of this, the profound red tie is magnificent—the combination of a fashion-forward vibe with a basic bright accessory is eye-popping, works both polished and punk aesthetics, and aligns perfectly with what’s currently trending in today’s fashion world (statement accessories and expressive respect for how there worn).

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NECKTIE MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Apron Necktie, Bow Tie, Seven-fold Tie, Skinny Necktie, Cravat

• Apron Necktie: The apron neck tie is a relatively rare example of something that incorporates both the elements of traditional ties and elements of a protective garment often worn by hospitality, culinary, or food service workers. It boasts a wider and longer style similar to that of an apron. Aside from its physical characteristics, the apron neck tie's appeal is based primarily on its utility and matching uniformity rather than on its inclusion in some aspect of fashion. The apron neck tie is not used very often in formal fashion but provides practical solutions in application in the workplace attire.

• Bow ties: Bow ties are a timeless accessory, recognized for their fashionable tied knot, and formal aspect to attire. Bow ties are representative of sophistication and elegance often marketed to black-tie events or formal dress in a business environment. Recently we have often seen bow ties served in casual settings or other fashionable applications. Bow ties are available in almost every fabric, texture, and pattern and can project a unique and individual look to a wardrobe for both men and women.
• Seven-fold tie: A seven-fold tie is a lovingly crafted necktie made from one piece of silk folded seven times with no lining. This type of necktie is known for its thickness, weight, and rich appearance, with seven-fold ties making distinctive premium accessories. The seven-fold necktie is popular among serious tie aficionados and is traditional for a pure styling. This high-end necktie is relatively pricey, which is a consideration for those who purchase these items, however, a small segment of buyers are still willing to purchase and wear this type of luxurious tie.

• Skinny Necktie: Skinny neckties are modern, narrow versions of neckties and come on average between 1.5 and 2.5 inches wide. They started their ascent into fashion prominence in the 1960's and now again appeal to younger audiences, and lovers of minimal or modern style. Skinny neckties are contemporary stylish clothing items generally intended for more casual, or semi formal occasions. Skinny ties are appropriate with fitted suits and trendy, fitted and tailored styles. Skinny ties allow a contemporary, sleek approach for neckwear.

• Cravat: A cravat is the original "necktie." The cravat is a wide garment worn, unfixed, around the neck in a scarf-like manner. Cravats are often associated with vintage, or, aristocratic fashions and is formal dress in European fashions.  Now, cravats are positioned for either weddings, or in theatrical costumes, representing, ceremony and tradition. Cravats are viewed as niche, exclusive to some formalwear accessories.

By Application

Based on application, the global market can be categorized into Men, Women, Kids

• Men: The necktie market, which primarily centers around men's neckties, encompasses a large share of demand in corporate, formal, and ceremonial uses. In business wear, neckties are a requirement in formal workplaces. This is particularly evident in the more formal sectors of the business world. A good necktie adds variety and individuality to men's business attire while allowing them to conform to the formality of their business workplace. Men are allowed to add variety and communicate their individual style or personality while achieving a classic, professional look. Men's necktie use grew significantly each year prior to "business casual" trends, but as necktie fashion returns and work habits become mixed in the age of hybrid work, men's necktie use will most likely resurge as well.

• Women: Women have entered the necktie market as unisex, and gender-fluid fashion becomes more popular. Neckties for women are often styled like other fashion accessories, and generally intended to add edge or structure to both casual and formal styles. Designers are making more slim, versatile ties designed specifically for women. Women's neckties add to the overall styling value of women's fashion, and represent the movement toward a modern view of fashion that allows for inclusivity, risk taking, and experimentation.

• Kids: The kids' necktie market probably represents the smallest share of the necktie market as demand is driven largely by formal events like school events, weddings, and family functions. Children's neckties are usually either pre-tied or clip-on ties. The proportion of either style often varies according to customer demand for personal convenience and child safety. The kid’s necktie market is usually seasonal and event driven usually stemming from customs within the local area or purpose of the school uniform. Nevertheless, there is still room to market themed ties or novelty ties despite the fact that kid’s neckties represent a small percentage of the necktie market.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.                          

Driving Factors

Necktie Market Growth Driven by Return of Formal Dress Codes

As workplaces return to normal and events restart, we are witnessing a return to dress codes requiring greater levels of formal dress, including neckties. While there have always been companies which adhere to and support dress codes requiring ties as part of the professional attire, there has been more demand for ties due to the increase in corporate events, weddings, and formal ceremonies. This renewed demand in new and exciting ways is continuing to stabilize and grow the necktie market.

Necktie Market Growth Fueled by Social Media Trends and Unisex Fashion

 Modern fashion has accepted neckties as fashionable, unisex accessories that have sparked interest from culture defined by celebrities and influencers, as well as runway-inspired pieces. Social media, namely Instagram and TikTok, have expanded creativity and novelty in style which has a positive effect on the accentuation of ties. The popularity of skinny ties, red statement ties, and retro styles have gained interest among a new wave of consumers, moving neckties beyond business use toward a previously untapped expressive fashion opportunity.

Restraining Factor

Necktie Market Growth Limited by Rise of Casual Workplace Dress Codes

One of the major limiting factors for the necktie market is the growing acceptance of casual and leisure across standard workplace dress codes. Many modern businesses, particularly in technology and creative sectors, have adopted business-casual and even no-tie policies. These changes lessen the everyday need for men and women to wear neckties, which lessens everyday consumer demand. With comfort and simplicity taking precedence over formality and the time, it takes to dress, neckwear in general, particularly ties, is less relevant for daily wear.

Necktie Market Growth Boosted by Sustainability Trends and Customization Demand

Opportunity

The necktie merchandise market has opportunities to expand through increased demand for sustainable and eco-friendly fashion in size and specialty. Brands implementing organic cotton, recyclable fabrics and plant-based dyes can meet the demand of environmentally conscious customers. Sustainable fashion is the natural evolution of fashion facing major changes as part of a global movement towards sustainability and ethical fashion. Customization, or personalized ties and designs, offer unique gift ideas and an option for personalization or branding. Both opportunities offer a new avenue for growth and allow the market to reach beyond conventional tie users.

Necktie Market Growth Hindered by Relaxed Dress Codes and Hybridity

Challenge

Overall, a large obstacle to the necktie market is that many companies are relaxing dress codes into either casual work spaces or hybrid work environments which have resulted in a drastic decline on the wearing of neck ties. This loss of daily necktie usage results in less consistent demand by consumers, leading to negative effects of sale on Necktie Market growth. Manufacturers of neckties are grappling with the need to develop ways to adapt to changing norms of fashion while still remaining a relevant product category.

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NECKTIE MARKET REGIONAL INSIGHTS

• North America 

Necktie Market Growth in North America Driven by Fashion, Business

The necktie industry is thriving in North America. Corporate culture, formal occasions, and consumers' desire to express themselves through fashion are a few reasons for necktie success in the region.  North America continues to dominate necktie markets because there is already established distribution channels, a greater utilization of neckties, and a greater demand for designers and premium neckwear. The United States Necktie Market influenced by business people, wedding culture and fashion influencers, as well as the U.S. market also having the largest online retail sector and the most innovation in creating new tie designs or materials. North American economies, current fashion, and business completion will help keep North America on top of the global necktie market.

• Europe

Necktie Market Growth in Europe Driven by Tradition and Luxury Demand

Europe makes the necktie market noticeable as many European countries have a long-standing history in fashion and a substantial and growing demand for luxury and designer type neckwear. Many Italians, French, and UK based tie manufacturers are noted for quality premium fabrics and the craftsmanship of the tie. European consumers place high values on style, quality and tradition which permeate their culture and teaches youth that there is significance in formal accessories like neckties. Furthermore, the formal accessories market is also established, as many consumers keep an arsenal of formal accessories in their wardrobe for special occasions. Various cultural and fashion weeks in Europe continue to build exposure for fashionable neckwear, which pairs nicely with neckties.

• Asia

Necktie Market Growth in Asia Driven by Production and Rising Demand

Asia has a growing and robust contribution to the necktie market as a production centre, and consumer demand is growing with the increasing accessibility of ties in developing economies. The two largest producers in Asia are China and India and they can also offer both cost-effective and high volumes of mass-produced neckties. Meanwhile, many Asia-based countries (Japan, South Korea, India) are growing middle-class populations and corporate sector formalwear needs, representing a demand on the formalwear market, along with the expanding growing middle-class population has resulted in blends of traditional necktie styles and modern fashion tropes that are encouraging ties in various suck in both nations with young populations and amidst growing consumerism leading to high Necktie Market Share.

KEY INDUSTRY PLAYERS

Necktie Market Growth Driven by Innovation, Sustainability, and Brand Expansion

Key necktie industry players are elevating the necktie market with distribution, innovation, branding, and expansion. Established necktie brands (Hermès, Brooks Brothers, Armani) all set a high standard in terms of design, quality, durability, and craftsmanship, and next to luxury shops, they appeal to legions of luxury consumers. Like the leading necktie players in the established brands, some companies in the necktie industry are contributing by tapping into the sustainability market. There are significant new entrants like young brands who are focusing on sustainability with green products and sustainable production, acupuncture, and using e-commerce and social media marketing in a way that often connects with much younger, and fashion-conscious audiences-to communicate their mission and vision to expand connections that increase relevant and viable traction. Collaborations with designers and influencers are essential to raise visibility and promote the adoption of trending ties which is consistent with how the necktie industry has emerged and presented itself to the masses. Another emerging growth of companies to the necktie market is the incentive to provide customization and personalization options to better align with consumer preferences, using it all to drive success and shape a future market for neckties.

List of Top Necktie Companies

• Brooks Brothers Group (U.S.)
• Giorgio Armani (Italy)
• Ralph Lauren Corporation (U.S.)
• PVH (U.S.)
• LVMH (France)

KEY INDUSTRY DEVELOPMENT

March 2025: Bolt Threads, a biotechnology company from California, entered the necktie market with a pioneering product—the world’s first necktie made from entirely lab-grown spider silk, the Boltspun spider silk tie, launched at the South by Southwest (SXSW) event in an ultra-limited release (50 pieces), each priced at $314.15. This successful launch suggests a paradigm shift in the fashion accessories industry that combines biotechnology and luxury fashion. The necktie is made from Bolt Threads’ own sustainable fiber, which is exceptionally strong, soft, and sustainable, and would establish Bolt Threads as a leader in the development of next generation sustainable textiles.

REPORT COVERAGE       

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.