Luxury Goods Industry Research Report and Trends Forecasts 2021 2017 Luxury Goods Industry Global Market Trends | Page 2

Luxury Goods Market: 2017 Global Industry Trends, Growth, Share, Size and
2021 Forecasts Report
Luxury Goods refer to products or services of superior quality that are distinguished from normal goods
because of their unique craftsmanship, exclusivity and the reputation associated. They are characterized by
their quality, price, scarcity, uniqueness, status, ancestral heritage and personal history. Luxury goods can
reach the customers in three ways, through retail, wholesale or online. The wholesale route gives wider
market exposure; retail channels give the opportunity for having direct contact with the customers, while
the online mode gives flexibility to the customers.
Company Coverage of Global Luxury Goods Market: LVMH Moët Hennessy Louis Vuitton SE, Kering SA,
Compagnie Financière Richemont SA and Luxottica Group SpA.
“Global Luxury Goods Market: Industry Analysis & Outlook (2017-2021)” analyzes the development of this
market, with focus on the EMEA, the Americas and Asia-Pacific markets. The major trends, growth drivers
as well as issues being faced by the market are discussed in detail in this report. The four major players:
LVMH Moët Hennessy Louis Vuitton SE, Kering SA, Compagnie Financière Richemont SA and Luxottica
Group SpA are being profiled along with their key financials and strategies for growth.
The major trends observed in the market are higher sales via off-price stores, and inclining sales via e-
commerce platforms. Further, the growth of this market is hampered by factors such has geopolitical
instability, need for better data analysis and struggling Chinese currency.
Complete report available at http://www.marketreportsonline.com/581919.html