The market is analyzed across four regions-North America , Europe , Asia-Pacific , and LAMEA . Europe is expected to dominate the global market during the analysis period due to the presence of large number of established manufacturers of luxury goods in Italy , France , and UK . The market in Asia-Pacific is expected to grow at a significant rate due to increase in number of high net worth individuals and growing tourism industry .
In the year 2013 , Chinese government launched anti-extravagance campaign that resulted in a slight decrease in the sales of luxury goods . However , in 2014 , the market slowly gained pace in this sector .
The report includes comprehensive analysis of the key players in this market such as Estee Lauder Companies Inc ., L ’ Oréal International , LVMH Group , Kering SA , The Shiseido Company , Ltd ., Prada S . p . A ., Ralph Lauren Corporation , Swatch Group , Luxottica Group S . p . A , and Compagnie Financière Richemont SA .
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KEY BENEFITS
This report provides an in-depth analysis of the global luxury goods market to identify the potential investment pockets . It outlines the current trends and future scenarios to determine the overall market potential and gain stronger market foothold . Key drivers , restraints , and opportunities along with their detailed impact analysis have been elucidated . Quantitative analysis of the market for the period of 2014-2022 are highlighted to recognize the financial competency of the market . Porter ’ s Five Forces model illustrates the threat of new entrants , threat of substitutes , strength of the buyers , and strength of suppliers . Value chain analysis provides a clear understanding on the roles of stakeholders involved . Market Segmentation
Luxury Goods Market by Product Type
Designer Apparels & Footwear Jewelry Accessories Cosmetics