Global Luxury Goods Market Report: 2013 Edition

  • January 2014
  • -
  • Koncept Analytics
  • -
  • 68 pages

Summary

Table of Contents

Search Inside

World Luxury Goods Industry Overview Report


Luxury goods refer to products which are commonly characterized by their premium quality, craftsmanship, recognizability, exclusivity and reputation. These high-end goods tend to satisfy socio-psychological needs in greater form and bring esteem to the owner. Fondness for all forms of luxury like fashion products, accessories, bags & cases, cosmetics & fragrances, vehicles, utility gadgets, beverages and interior decoration products, has been seen since many centuries. In economic terms, luxury goods are the ones for which the law of demand is reverse i.e. the demand for such products increases with price.

Luxury is usually stratified in three layers viz. Accessible, Aspirational and Absolute. A few other factors which determine the degree of luxury are price, uniqueness, availability, promotion, and brand among others. Moreover, the luxury industry usually covers products like perfumes and cosmetics; hard luxury; cognac; handbags and cases; furniture; vehicles, etc. These products are sold through wholesale, retail or online channel.

Economic growth worldwide, rising income and wealth levels, consumption of luxury goods by middle class population and continuous global urbanization are fueling the development of the global luxury goods market. The growth of the luxury market had high correlation with macro indicators, such as real GDP, tourist arrivals, wealth, and disposable income. One of the main drivers propelling the growth of this market is the growing global online personal luxury goods market. The emergence of an off-price pricing strategy in the global online luxury goods market is making personal luxury goods accessible to a greater number of individuals since they can compare the prices of different products and make purchases. Further, men are increasing their contribution to this market by making more online purchases.

This report analyzes the development of the "global luxury goods market", with a focus on some of the major segments including cars, wines and spirits, jewelry and watches. The mature market of Europe along with emerging market of China is being discussed in the report. The major trends, drivers facilitating growth of the luxury goods market as well as the issues being faced by the industry are being presented in this report. The four major players in the luxury goods industry include LVMH, Kering Group, Hermes International and Richemont are being profiled in the report highlighting their key financials and strategies for growth.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables affecting this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

Find all the market research you need - instantly, in one place.

+1.2 Million Research Documents & Statistics +200,000 Trusted Public Sources 350 Industries With Global Coverage

Get This Report

24/7 Customer Support

Talk to Amrita

+1 718 303 2019

Purchase Reports From Reputable Market Research Publishers

Textile Bag & Canvas Mills World Report

Textile Bag & Canvas Mills World Report

  • $ 4 609
  • Industry report
  • February 2015
  • by PureData

TEXTILE BAG & CANVAS MILLS WORLD REPORT The Textile Bag & Canvas Mills World Report gives Market Consumption / Products / Services for over 200 countries by 6 to 10-Digit NAICS Product Codes by 3 Time ...

Miscellaneous Cut & Sew Apparel World Report

Miscellaneous Cut & Sew Apparel World Report

  • $ 4 609
  • Industry report
  • February 2015
  • by PureData

MISCELLANEOUS CUT & SEW APPAREL WORLD REPORT The Miscellaneous Cut & Sew Apparel World Report gives Market Consumption / Products / Services for over 200 countries by 6 to 10-Digit NAICS Product Codes ...

Apparel Accessories & Apparel World Report

Apparel Accessories & Apparel World Report

  • $ 4 609
  • Industry report
  • February 2015
  • by PureData

APPAREL ACCESSORIES & APPAREL WORLD REPORT The Apparel Accessories & Apparel World Report gives Market Consumption / Products / Services for over 200 countries by 6 to 10-Digit NAICS Product Codes by 3 ...

Leather Applications World Report

February 2015 $ 4 609

Leather Value Chain World Report

February 2015 $ 4 609

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.