1. Market Research
  2. > Luxury Goods

Breakthroughs that will shape the future of the high-end good industry

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
18 votes

Global Luxury Goods Industry


The global luxury goods industry should exceed $307 billion by 2015, according to research from private firm Global Industry Analysts. The market will be driven by rising income as the economy recovers after the recession. Other relevant factors to the market include consumer diversification, as there is a shift in target demographics away from very affluent consumers, and a change in lifestyles that means luxury goods are attainable to a wider population. Luxury products include clothing, footwear, jewelry, handbags, wines, yachts, perfumes, watches and cosmetics.


Luxury goods manufacturers meet consumer demand by focusing on brand, aesthetics, quality materials, superior craftsmanship and pricing to transform everyday objects into status symbols. The industry rises and falls in tandem with gross domestic product, seeing demand climb in times of economic stability and plummeting in unfavorable economic climates as consumers cut back on non-essential spending.


Asia-Pacific is expected to record almost 16% annual growth in luxury goods between 2007 and 2015. Luxury watches represent the leading market segment in terms of value with over 17% of the overall market, while cosmetics represent the fastest-growing market segment.


Key Market Segments


The world apparel, accessories and luxury goods market is expected to record yearly growth of almost 3.5% in the five-year period ending 2015, to reach almost $1.7 trillion, reports MarketLine. Womenswear represents the largest market segment, generating almost $603 billion or 42% of the overall market.


The global gourmet products market enjoys strong demand, as consumers are willing to pay extra for ethical food and drink, a factor that looms large in gourmet advertising. Products claiming health benefits are also successful, reports Business Insights.


Koncept Analytics estimates the US, the UK and France hold a combined 75% of the global champagne market, which has recorded 8% growth in shipments recently, a strong indicator that the market is recovering after the economic recession. Key players in the global champagne industry include Laurent Perrier, Moët Hennessy Louis Vuitton, Lanson-BCC and Vranken-Pommery.


The global luxury car market is recording strong growth in China, with forecast sales of almost 910,000 units in 2011, according to Dion Research, representing 25% year-on-year expansion. The market, which is expected to expand by a further 20% in 2012, is driven by increasing spending capacity, new car launches and new manufacturing sites.


Luxury car demand in India is particularly strong, recording its highest-ever sales in the first quarter of 2011, reports Smart Research Insights. Companies such as Audi, Aston Martin, Mercedes and BMW are likely to focus on India in the coming years. The 2010 luxury car market in India sold around 18,000 units, and numbers are forecast to climb to 30,000 before 2015.



Regional Market Share


The EU, Japan and the Americas combined dominate the global luxury goods market, reports Koncept Analytics. India and China are both expected to record strong growth as incomes rise. Chinese market growth is expected to outpace that of Japan over the coming years.


Datamonitor forecasts strong growth from China, Taiwan and South Korea in the coming years, with many international companies focusing on China in advertising campaigns, aiming to boost market growth.



Industry Leaders


Key players operating in the global luxury goods industry include Bulgari, Tiffany and Co, Shiseido, Polo Ralph Lauren, Valentino, Burberry, PPR, Armani, LVMH, Gucci, Hermes, Fashion Group, Christian Dior, Prada and L’Oreal.



Market Outlook


The world luxury goods market is benefiting from changing attitudes towards luxury, once the domain of the very wealthy, now becoming accessible to a wider, less-wealthy demographic. Euromonitor International points out the importance of packaging in attracting new consumers, boosting demand in Brazil, Russia, India and China.


The luxury goods industry is expected to grow by 65% between 2010 and 2015, according to Datamonitor, led by rising demand in developing countries.



Leading Industry Associations


Understand the Luxury Goods Industry Quickly & Get Actionable Data Easily. The Latest Reports with Statistics & Trends from Top Industry Sources
1-10 of about 1 100 reports

Global Luxury Goods Markets Forecast

  • October 2015
    9 pages
  • Luxury Goods  

    Luxury Goods  

  • World  

    United Kingdom  

View report >

Luxury Goods Markets in China and the US

  • January 2015
    29 pages
  • Luxury Goods  

  • China  

    United States  


View report >

Luxury Goods Industry in Europe

  • May 2015
    6 pages
  • Luxury Goods  

  • Europe  


View report >

Luxury Goods Demand Analysis in Asia and Singapore

  • January 2015
    6 pages
  • Luxury Goods  

  • Asia  

View report >

Luxury Goods Industry in Japan

  • February 2015
    27 pages
  • Luxury Goods  

  • Japan  

View report >

Luxury Goods Industry in France

  • January 2015
    40 pages
  • France  


View report >

Luxury Goods Markets in the UK

  • September 2015
    11 pages
  • Luxury Goods  

  • United Kingdom  



View report >

Luxury Goods Markets in Canada

  • June 2015
    12 pages
  • Luxury Goods  

  • Canada  

    North America  


View report >

Luxury Goods Markets in Brazil Forecast

  • October 2014
    5 pages
  • Luxury Goods  

  • Brazil  


    South America  

View report >

Luxury Goods Markets in China and Russia

  • January 2014
    24 pages
  • Luxury Goods  

  • China  

    Russian Federat  


View report >

Search in Luxury Goods Industry (About 1 100 reports)
Topics under Luxury Goods

Parent industry:  Consumer Goods and Services

Related markets: Shellfish, Oyster, Lobster, Fish, Aquaculture, Luxury Brand, Luxury Car, Luxury Home, Luxury Real Estate, Limousine, Luxury Property, Luxury Product, Caviar, Fine Food, Luxury Vehicle, Art Gallery, Premium Food

About 800 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 75 - $ 4 950)

Luxury Goods Retailing in Europe, 2014-2019 ; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape

Luxury Goods Retailing in Europe, 2014-2019 ; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape

  • $ 4 950
  • Industry report
  • November 2015
  • by Conlumino

Summary Luxury goods retail sales in Europe generated US$116.4 billion in 2014. Many European countries are popular as tax free shopping destinations among tourists. Shoppers from other regions prefe ...

Global Luxury Goods Retailing, 2014-2019 ; Market And C ...

November 2015 $ 4 950

Luxury Goods Retailing In Middle East And Africa, 2014- ...

September 2015 $ 4 950

Luxury Goods Retailing In Asia-pacific, 2014-2019; Mark ...

August 2015 $ 4 950

Luxury Goods Retailing In The Americas, 2014-2019; Mark ...

August 2015 $ 4 950

Insight Report: The Rise Of Luxury Goods In Emerging Ci ...

September 2015 $ 3 800

China Luxury Vehicle Industry 2015 Market Research Repo ...

November 2015 $ 3 200

Art Dealers World Report

October 2015 $ 3 047

Art Dealer Lines World Report

October 2015 $ 3 047

Limousine Service Lines World Report

October 2015 $ 3 047

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.