The global neckwear market size was valued at USD 3.7 billion in 2018 and is expected to expand at a CAGR of 2.1% from 2019 to 2025. The rising trend of pairing neckwear with casual dressing is projected to boost the demand

The Wall Street Journal quoted statistics from the Neckwear Association of America showing that bow ties represent 3 percent of the 100 million ties sold each year in the United States, most of them part of formal wear, such as for white tie and black tie.