Luxury Goods Market Research Report and Forecast up to 2020 Luxury Goods Market - Global Industry Analysis, Si | Page 2

The superior living standards of individuals, particularly in emerging nations, is a
prime factor fuelling the growth of the market for luxury goods. In addition, the
rising employment of marketing activities and campaigns via digital media
platforms in the industry of travel retail will positively impact the development of
the global luxury goods market. On the other hand, the soaring tariffs within some
lucrative markets such as China, India, and Brazil and the dearth of raw materials
may impede the growth of this market in the coming years.
Global Luxury Goods Market: Region-wise Outlook
Geographically, the report segments the market into North America, Europe, Asia
Pacific, and Rest of the World (RoW). Europe led the market in the past and is
predicted to maintain its superiority in the coming years, on the basis of revenue.
This is due to the established presence of a number of manufacturers of luxury
goods in nations such as Germany, Switzerland, France, and Italy. In addition, this
region is also characterized with a huge count of duty-free shops and an immensely
dense travel retail network, thus shifting customers’ preference toward luxury
goods.
On the other hand, Asia Pacific and RoW have also emerged as swiftly developing
markets having a huge count of newly listed high net-worth individuals residing in
these regions since past few years.
Key players Mentioned in the Report are:
The top players in this market are Hermes International S.A., LVMH, Prada S.p.A.,
Kering Group, The L'Oréal Group, Coty, Inc., Compagnie Financière Richemont S.A.
(hereby referred as Richemont), Rolex S.A., Tiffany & Company, and others.
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Major regions analyzed under this research report are:
North America
Asia Pacific
Europe
Rest of the World
This report gives you access to decisive data such as:
Market growth drivers
Factors limiting market growth