1. Market Research
  2. > Luxury Goods

High-End Goods Market: Complete Sector Overview & Reports

  • 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.

Luxury Goods Sector 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.

Read more »

Share
24/7 Customer Support

Talk to Sam

+1 646 893 5945

1-10 of about 1200 reports

Global Luxury Goods Markets

  • March 2017
    39 pages
  • Luxury Goods  

  • World  

    China  

View report >

Luxury Goods Markets in the US and Finland

  • April 2017
    84 pages
  • Luxury Goods  

    Web 2.0  

  • United States  

    Finland  

View report >

Luxury Goods Markets in the UK and Europe - Forecast

  • July 2016
    9 pages
  • Luxury Goods  

  • United Kingdom  

    Europe  

    United States  

View report >

Luxury Goods Markets in Asia and New Zealand

  • September 2017
    19 pages
  • Luxury Goods  

  • Asia  

    New Zealand  

View report >

Luxury Goods Markets in Japan

  • October 2015
    12 pages
  • Luxury Goods  

  • Japan  

    China  

    Asia  

View report >

Luxury Goods Industry in France

  • January 2015
    12 pages
  • France  

    Europe  

    World  

View report >

Luxury Goods Industry in Italy

  • February 2017
    30 pages
  • Luxury Goods  

  • Italy  

    Europe  

View report >

Luxury Goods Markets in the UK and China

  • December 2016
    14 pages
  • Luxury Goods  

  • United Kingdom  

    China  

    Europe  

View report >

Luxury Goods Industry in United Arab Emirates and Brazil

  • January 2016
    11 pages
  • Luxury Goods  

  • United Arab Emi...  

    Brazil  

    South America  

View report >

Luxury Goods Demand Analysis in India

  • June 2017
    28 pages
  • Luxury Goods  

    Luxury Goods  

  • India  

    Asia  

View report >

Search in Luxury Goods Industry (About 1200 reports)
Related markets: Shellfish, Oyster, Lobster, Fish Farming, Aquaculture, Sports Car, Luxury Car, Foie Gras, Limousine

About 700 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 127 - $ 5550)

Automotive Head-up Display Market by HUD Type, Application, and by Geography - Industry Trends and Forecast to 2021

  • $ 5650
  • Industry report
  • April 2016
  • by MarketsandMarkets

The automotive head up display market is projected to grow at a CAGR of 21.67% from 2016 to 2021, to reach a market size of USD 1.33 billion by 2021. Key factors supplementing the growth of this market ...

Luxury Goods Retailing In The Americas 2015-2020; Marke ...

September 2016 $ 4950

Trends In The Global Super Luxury Vehicles Market, 2016 ...

June 2017 $ 4950

Global Clothing And Footwear Retailing, 2015-2020; Mark ...

August 2016 $ 4950

Global Market Study On Moissanite: North America To Be ...

August 2016 $ 4900

Luxury Watches Market: Global Industry Analysis, Trend ...

July 2017 $ 4795

Global Rear Axle Market Analysis & Trends - Industry Fo ...

March 2017 $ 4200

Sports Car Markets In China

May 2017 $ 4000

Global Luxury Goods Market - Opportunities And Forecast ...

December 2016 $ 3840

Global Head-up Display (hud) Market In The Transportati ...

June 2017 $ 3500

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.