Global Luxury Goods Market Report: 2012 Edition

One of the never ending quests of human beings includes ‘indulgence in luxury’. ‘Luxury’ is among those words whose meaning varies from individual to individual. 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. This effect is also known as ‘Veblen effect’ or paradox.

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

The 2012 edition of the luxury goods market report covers the market size at the global level along with the coverage of some major regional markets like the Americas, Europe, China, and Japan. In addition the reports also provides sizing of various categories like watches, cognac, and jewelry.

Furthermore, the market dynamics includes key trends and developments (evolution of luxury goods market, industry integration, varying gender choices, and structural difference), growth drivers (rising population of HNIs, correlation with global economic growth, increasing internet penetration, sales across emerging markets) and challenges which include rising tariffs on imports of luxury goods and counterfeiting risk.

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 that impact 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.

Global Clothing Accessories Industry

1. Luxury Goods: An Overview

-Characteristics of Luxury Products
-Types of Luxury Segment
-Industry Classification
-Distribution Channels

2. Luxury Goods Market

2.1 Global Luxury Goods Market
-Market Value
-Geographic Breakdown
-Product Segments

2.1.1 Luxury Goods Market - Online Segment

2.2 Luxury Goods Market by Region

2.2.1 The Americas
-Overview
-Market Value

2.2.2 Europe
-Overview
-Market Value

2.2.3 China
-Overview
-Market Value
-Online Market
-Hong Kong Market

2.2.4 Japan
-Market Overview

2.3 Luxury Goods Market by Segment

2.3.1 Watches
-Swiss Watch Export Revenues
-Major Exporting Countries
-Major Importing Countries

2.3.2 Wines, Spirits and Cognac
- Cognac Shipments by Volume
- Champagne Shipments by Volume

2.3.3 Jewelry
-Market Value
-Gold Demand
-US Market

3. Market Dynamics

3.1 Key Trends and Development

3.1.1 Evolution of Luxury Goods Market
3.1.2 Luxury Goods Industry Integration
3.1.3 Varying Gender Choices
3.1.4 Evolving Structural Difference

3.2 Growth Drivers

3.2.1 Rising Population of HNIs (2011)
3.2.2 Global Economic Growth and Luxury Goods Sales
3.2.3 Increasing Internet Penetration
3.2.4 Robust Luxury Goods Sales across Emerging Markets
3.2.5 International Tourism Industry

3.3 Challenges

3.3.1 Hefty Taxes on Importing Luxury Goods
3.3.2 Risk of Forgery

4. Luxury Goods - Competitive Landscape
-Competitive Overview
-Financial Comparison

5. Company Profiles

5.1 LVMH Moet Hennessy Louis Vuitton

5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
-Growth through Collaborations & Acquisitions
- Strengthened Customer Services

5.2 Hermes International SCA

5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies
- Product Portfolio Diversification
-Growth through Innovation

5.3 RICHEMONT

5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
-Limited Edition Product Range
-Sovereign Maisons

5.4 PPR Group

5.4.1 Business Overview
5.4.2 Financial Overview
5.4.3 Business Strategies
-Focus on Organic Growth
-Value Creation through Operational Expertise

6. Market Outlook

6.1 Market Forecast

6.2 Forecast Methodology

6.2.1 Dependent and Independent Variables
6.2.2 Correlation Analysis
6.2.3 Regression Analysis

List of Charts

Characteristics of Luxury Products
Routes of Luxury Goods Distribution
Global Personal Luxury Goods Market Size (2000-2011)
Global Luxury Goods Market Share by Geography (2011)
Global Luxury Goods Market Share by Category (2011)
America’s Luxury Goods Market Revenues (2010-2011)
Europe’s Luxury Goods Market Revenues (2010-2011)
Mainland China’s Luxury Goods Market Size (2006-2011)
China’s Luxury Living Index (June 2007-June 2011)
Transaction Value of Online Luxury Shopping in China (2010-2012E)
Retail Sales of Jewelry, Watches, Clocks in Hong Kong (2001-2011)
Where Japanese Consumers Bought Luxury Goods (2010-2011)
Swiss Watch Export Revenues (2000-2011)
Composition of Swiss Watches - Units and Revenues by Material (2011)
Revenues of Major Swiss Watch Exporting Countries (2011)
Major Swiss Watch Importing Countries (2011)
Global Cognac Shipment by Volume (2005-2012)
Growth in High-end Cognac Shipment by Quality Type (2012 over 2011)
Global Champagne Shipments by Volume (2001-2011)
Global Jewelry Market Size (2005-2013E)
Gold Demand in Jewelry Sector Vs Total Gold Demand by Quantity (Q1’10-Q1’12)
Gold Demand in Jewelry Sector Vs Total Gold Demand by Value (Q1’10-Q1’12)
The US Jewelry Market Size (2005-2013E)
Luxury Pyramid and Positioning Features
Global Luxury Deal Size Split by Volume (2011)
Luxury M&A Sectors by Volume (2011)
Growth of HNIs’ Wealth and Population (2005-2011)
Global Wealth Distribution (2011)
Distribution of HNIs Wealth and Population (2011)
Luxury Sales Growth (%)* Vs. Global GDP Growth (%)* (2005-2011)
Global GDP (2001-2011)
World GDP per Capita (2005-2011)
Global Internet Users in 2011 and Internet Users Growth Rate from 2000 to 2011
Global Internet Penetration Rate by Region (2011)
Y-o-Y % Growth of E-Commerce vs. the US Retail Sales (Feb.’07-Feb.’12)
LVMH’s Revenue Share by Business Segments (2011)
LVMH’s Revenues and Net Profit (2008-2011)
Hermes’ Revenue Share by Segment (2011)
Hermes International Revenues and Net Income (2008-2011)
RICHEMONT’s Revenue Share Breakdown by Business Segments (FY12)
RICHEMONT Revenues (FY07-FY11)
PPR’s Revenue Share by Business Segments (2011)
Global Luxury Goods Market Forecast (2011-2015E)

List of Tables

Difference between Regular and Luxury Goods
Types of Luxury Segment
Luxury Goods Sales Growth by Nationality (2008-2011)
Number of Luxury Brand Store by Location in China (2011)
Worldwide Luxury Market Evolution by Segment (1985-2011)
Financial Comparison of Leading Luxury Goods Companies (2011)
Leading Luxury Brands by Rank (2011)
Top Brands in the Luxury Brand Status Index 2011
PPR’s Revenues and Net Income (2010-2011)
Dependent & Independent Variables (2007– 2011)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output