1. Market Research
  2. > Consumer Goods Market Trends
  3. > Luxury Goods

High-End Goods Market: Complete Sector Overview & Reports

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

Global Luxury Goods Industry 

The global luxury goods industry, part of the consumer goods sector, 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 the 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 »

Customer Support

Talk to Sam

+852 5808 2421

55 Reports
Demand, Supply, Market Size
57 Statistics
Market Size, Demand, Supply
33 Reports
Demand, Supply, Trade
17 Statistics
Market Size, Demand, Supply
4 Reports
Demand, Trade, Market Size
5 Statistics
Market Size, Demand, Supply
180 Reports
Demand, Company Financials, Company
41 Statistics
Market Size, Demand, Finance
4 Reports
Demand, Supply, Trade
8 Statistics
Market Size, Demand, Finance
42 Reports
Demand, Trade, Company Financials
6 Statistics
Market Size, Demand, Trade
4 Reports
Trade, Supply, Demand
3 Statistics
Market Size, Demand, Trade
4 Reports
Demand, Supply, Market Size
4 Statistics
Market Size, Demand, Supply
6 Reports
Demand, Trade, Supply
2 Statistics
Market Size, Demand, Supply
6 Reports
Demand, Supply, Company Financials
9 Statistics
Market Size, Demand, Finance
Search in Luxury Goods Industry (About 2500 reports)
Parent industry: Consumer Goods
Related industries: Consumer Electronics, Footwear, Household Textile, Personal Care, Office Supply, Home Goods, Toy and Game, Sporting Goods, Musical Instrument, Marijuana, Apparel

About 1100 reports

Purchase Reports From Reputable Market Research Publishers

Luxury Jewelry Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2024

Luxury Jewelry Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2024

  • $ 4795
  • Industry report
  • February 2019

The report on the global luxury jewelry market provides qualitative and quantitative analysis for the period from 2016 to 2024.The report predicts the global luxury jewelry market to grow with a Healthy ...

Jewelry, Watches & Accessories Global Industry Almanac ... $ 2995 March 2019

Global Tote Bags Market 2019-2023 $ 2500 March 2019

Luxury Furniture Market: Global Industry Trends, Share, ... $ 1999 April 2019

Saudi Arabia Luxury Market: Industry Trends, Share, Siz ... $ 1999 April 2019

Jewelry, Watches & Accessories Global Industry Guide 20 ... $ 1495 March 2019

Jewelry, Watches & Accessories Global Group of Eight (G ... $ 1495 March 2019

Personal Luxury in Western Europe $ 1325 March 2019

Luxury Goods in the United Arab Emirates $ 1210 February 2019

Luxury Goods in Taiwan $ 1210 February 2019


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

Make sure you don’t miss any news and follow us on