The
luxury goods market has been witnessing major growth due to the
addition of new high net-worth customers.. A major transformation has
happened with regard to lifestyle of wealthy young and affluent
customers, who are extremely brand-conscious these days. Companies
are forming various strategies to cater to customers in the most
effective manner. Development of mobile applications, websites, and
campaigns on social networking sites are some initiatives companies
are adopting in order to attract new customers and engage old ones.
The global luxury goods market is characterized by large number of
mergers and acquisitions, thus making it highly consolidated in the
near future. Different segments adopt unique strategies to develop
their product lines. Some companies are focusing on distribution,
while others are producing unique high-priced products in the form of
limited editions.
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Global Luxury Goods Market Report with Full TOC
at
This
study offers a competitive analysis of the global luxury goods market
by type and by geography. The report also contains further
segmentation by type across major geographies. In addition, it
provides current and forecast market size by revenue for major luxury
products for the period 2014–2020. The report discusses current and
future trends for major regions and countries in a precise manner.
Furthermore, the report also presents the current market size of each
country in major regions and their respective projected market size
in 2020. Major players in the global luxury goods market include LVMH
Group, Kering S.A., Rolex S.A., L’Oreal Group, Tiffany & Co.,
Coty, Inc., The Swatch Group Ltd., Prada S.p.A, Compagnie Financière
Richemont S.A., Hermes International SCA, Graff Diamonds, Burberry
Group plc, Revlon, Inc., and Avon Products, Inc.
The
global luxury goods market is expected to grow moderately over the
forecast period. However, the market in Rest of the World (RoW) and
Asia Pacific (APAC) is likely to grow at a healthy CAGR, owing to
major lifestyle changes among consumers in these regions. In
addition, consumers in these regions are well-informed about the
various fashion trends around the world. Therefore, the market in RoW
and APAC regions are poised to grow briskly between 2014 and 2020.
The market has been segmented by product type into luxury watches &
jewelry, apparels and leather goods, luxury personal care &
cosmetics, wines/champagne and spirits, fragrances, and others.
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The
report includes major drivers of the luxury goods market in the
present scenario. Additionally, restraints and opportunities for the
same are discussed in detail. The market overview comprises value
chain analysis, which describes various stages where companies can
add value and strengthen their positions in the market. Furthermore,
the report analyzes macro economic factors influencing and inhibiting
growth of the global luxury goods market. Porter’s Five Forces
analysis offers insights on market competition throughout its value
chain. The market attractiveness analysis highlights key investing
areas in this industry.
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Extensive
secondary research and primary interviews has been performed to
capture only genuine information for analysis in this report.
The
global luxury goods market here refers to the market by type and by
geography, and is categorized into the following segments:
Global
luxury goods market by type
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all Article :
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The
different types covered under this research study are defined as
follows:
Luxury
Watches & Jewelry
Apparels
and Leather Goods
Luxury
Personal Care & Cosmetics
Wines/Champagne
and Spirits
Fragrances
Others
(tableware, luxury pens)
In
addition, the report provides a cross-sectional analysis of all the
above segments with respect to the following geographical markets:
North
America
Europe
Asia-Pacific
Rest
of the World
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