1. Market Research
  2. > Consumer Goods
  3. > Luxury Goods Market Trends
Global Luxury Goods Market: Trends & Opportunities (2015-2019)

Global Luxury Goods Market: Trends & Opportunities (2015-2019)

  • November 2015
  • 84 pages
  • ID: 3457425

Summary

Table of Contents

Search Inside

Scope of the Report

This report analyzes the development of the "Global Luxury Goods Market: Trends & Opportunities (2015-2019) ", including its segments: luxury cars, luxury wines and spirits, luxury hotels and luxury furniture, with a major focus on global personal luxury goods market. The market sizing of global personal luxury market is done by its value, by top countries, by top cities, by gender, by tourists, by retail sale, by wholesale, by online sale, by airport sales, sales by region and through growth of some of its sub segments. Market share analysis of global luxury goods market is also done in this report, with major focus on global personal luxury goods market.

Potters five force analysis includes discussion on threat of new entrant, bargaining power of buyers, threats of substitutes, bargaining power of suppliers and competitive rivalry.

This report also includes regional/country analysis of Americas, Europe and Asia (China in specific). This analysis include personal luxury goods market by value over the years, personal luxury goods market by tourists and price comparison of different brand, for each region. In 2014, Americas and European continent’s personal luxury market grew at decent rate, while Japan registered a very healthy growth rate. China has shown a negative trend and Rest of the Asia experienced brisk growth pace. Moreover, the report profiles key market players such as LVMH, Hermès International and Kering Group on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

Forecasting of personal luxury goods market by value and its segments including luxury cars, luxury hotels, luxury furniture, luxury wines and spirit and personal luxury goods, are also done for the years 2015-2019. Sub segments of global personal luxury goods market and personal luxury goods market of Americas, Europe and Asia is are also forecasted for the years 2015-2019.

Country Coverage
- Americas
- Europe
- Asia

Company Coverage
- LVMH
- Hermès International
- Kering Group

Executive Summary

Luxury goods market is a market for goods that give great comfort and pleasure. Luxury goods are commonly characterized by their premium quality, craftsmanship and reputation. In economics, income elasticity of demand for luxury good is greater than one because peoples’ spending on luxury good increases more than the increase in their income. But many luxury goods have now become “a new normal good”, due to its affordability and increased purchasing power of people.

The overall global luxury market grew at a healthy rate in 2014, with major driving segments being luxury cars, luxury hotels and personal luxury goods. The overall luxury industry comprises nine segments in total: personal luxury goods, luxury cars, luxury hotels, luxury wines and spirits, luxury food, luxury furniture, luxury cruises, luxury yachts and private jets. Among all, the three biggest are luxury cars, luxury hotels and personal luxury goods. Personal luxury goods can be further sub divided into accessories, apparel, hard luxury (watches and jewelry), beauty (cosmetic and perfumes) and others.

Development of global luxury market is fuelled by increased tourist sale of luxury goods, growth of e-commerce market, growth of global retail industry and rise in world GDP. Rise in GDP causes disposable income to increase and hence increase in purchasing power of people, which make them move towards luxury goods. This has caused increase in new consumers from emerging economies.

Increased use of social media, increased Omni channels, globalization and development of second hand or pre-owned luxury goods market has played a great role in growth of global luxury market over the years. While there are some challenges, which global luxury market has to face, such as increasing unemployment rate, increasing availability of counterfeit products, inability to adopt dynamic market approaches and high import tariffs on luxury goods in some areas.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Luxury Packaging Market - Global Outlook and Forecast 2019-2024

Luxury Packaging Market - Global Outlook and Forecast 2019-2024

  • $ 3500
  • November 2018

The global luxury packaging market is anticipated to reach values of more than $21 billion by 2024, growing at a CAGR of approximately 5% during 2018-2024. The market research report also offers market ...

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

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

  • $ 4795
  • October 2018

The report on global luxury goods market provides qualitative and quantitative analysis for the period of 2016 to 2024.The report predicts the global luxury goods market to grow with a CAGR of 2.9% ove ...

Embedded Wireless Charger Market - Global Outlook and Forecast 2018-2023

Embedded Wireless Charger Market - Global Outlook and Forecast 2018-2023

  • $ 3500
  • November 2018

The global embedded wireless charger market is expected to generate revenues of approximately $4 billion by 2023, growing at a CAGR of more than 34% during 2017-2023. This market research report also offers ...


ref:plp2015

Reportlinker.com © Copyright 2018. All rights reserved.

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