The demand of luxury
goods is increasing due to rising disposable income. The products which are not
essential to survive but which make life more pleasant for consumer are called
as luxury goods. Luxury goods are also called as superior goods. The growth of
luxury goods market is directly proportional to the income elasticity. The way
of purchasing luxury goods also affect the luxury goods market. Being able to
recognize the right channel for marketing, purchasing way of luxury consumers
and choose the beneficial way of shopping in-store vs. online will be a key
focus for luxury brands going forward. These factors are strongly associated
with the growth of luxury goods market.
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The report includes
detailed competitive landscape of the global luxury goods market. It includes
company market share analysis, product portfolio of the major industry
participants. The report provides detailed segmentation of the luxury goods
market based on product segment and region. Luxury cars, luxury watches &
jewelry, apparels and leather goods, luxury personal care & cosmetics,
wines/champagne and spirits, fragrances and others (tableware, luxury pens
etc.) are major product segments of luxury goods market. The apparel and
leather goods segment was the leading product segment in 2014 and is expected
to continue its dominance throughout forecast period.
Major regional
segments analyzed in this study include North America, Europe, Asia Pacific,
Latin America, and Middle East and Africa. This report also provides further
bifurcation of region on the country level. Major countries analyzed in this
reports are U.S., Germany, France, UK, China, Japan, India, and Brazil. Luxury
goods market was dominated by Europe due to strong per capita expenditure on
luxury goods. Europe is followed by North America. Increasing consumption of
luxury goods in emerging economies such as China and India triggers the luxury
goods market. Additionally, due to growing consumer disposable income and
luxurious lifestyle is expected to exhibit the rapid growth of this market in
Asia Pacific region.
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The report covers
detailed competitive outlook including company profiles of the key participants
operating in the global market. Key players profiled in the report
include LVMH Group, Kering S.A., Rolex S.A., L’Oreal Group, Tiffany &
Co., Coty, Inc., The Swatch Group Ltd., Prada S.p.A, Compagnie Financière
Richemont S.A., Hermes International SCA, Graff Diamonds, Burberry Group plc,
Revlon, Inc., and Avon Products, Inc.
The report segments
the global luxury goods market into:
Global Luxury Goods Market: Product Segment Analysis
- Luxury
Cars
- Luxury
Watches & Jewelry
- Apparels
and Leather Goods
- Luxury
Personal Care & Cosmetics
- Wines/Champagne
and Spirits
- Fragrances
- Others
(Tableware, Luxury Pens etc)
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Global Luxury Goods Market: Regional Segment Analysis
- North
America
- U.S.
- Europe
- Germany
- France
- UK
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- Brazil
- Middle
East and Africa
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