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

Luxury Goods Industry Global Market Analysis, Growth, Share, Industry
Trends and Forecasts to 2021
“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.
Company Coverage of Global Luxury Goods Market: LVMH Moët Hennessy Louis Vuitton SE, Kering SA,
Compagnie Financière Richemont SA., and Luxottica Group SpA.
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.
Growing affluence and rising consumer consciousness has ensured sustained growth in the global luxury
goods market, which is helmed by personal luxury goods at the forefront. Key factors driving this growth
are rise in HNWI population, increasing net household wealth, growing wealth inequality, rising internet
users and growing urban population. 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