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