Global Luxury Goods Market: Industry Analysis & Outlook (2017-2021) - Koncept Analytics

Industry Research by Koncept Analytics

Global Luxury Goods Market: Industry Analysis & Outlook ----------------------------------------(2017-2021) April 2017

Global Luxury Goods Market: Industry Analysis & Outlook (2017-2021)

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Executive Summary Luxury goods refer to products or services of superior quality that are distinguished from normal goods because of their unique craftsmanship, exclusivity and the reputation associated. They are characterized by their quality, price, scarcity, uniqueness, status, ancestral heritage and personal history. Luxury goods can reach the customers in three ways, through retail, wholesale or online. The wholesale route gives wider market exposure; retail channels give the opportunity for having direct contact with the customers, while the online mode gives flexibility to the customers.

Growing affluence and rising consumer consciousness has ensured sustained growth in the global luxury goods market, which is helmed by personal luxury goods at the forefront. Key factors driving this growth are rise in HNWI population, increasing net household wealth, growing wealth inequality, rising internet users and growing urban population. The major trends observed in the market are higher sales via off-price stores, and inclining sales via e-commerce platforms. Further, the growth of this market is hampered by factors such has geopolitical instability, need for better data analysis and struggling Chinese currency.

The report “Global Luxury Goods Market: Industry Analysis & Outlook (2017-2021)” analyzes the development of this market, with focus on the EMEA, the Americas and Asia-Pacific markets. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. The four major players: LVMH Moët Hennessy Louis Vuitton SE, Kering SA, Compagnie Financière Richemont SA and Luxottica Group SpA are being profiled along with their key financials and strategies for growth.

Global Luxury Goods Market: Industry Analysis & Outlook (2017-2021)

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The global luxury goods market is driven by increasing number of millionaires, a shift in spending towards different categories like outdoor activities, sports, travelling, cruising, dining etc., adoption of more materialistic lifestyle and increasing incomes in the Asia-Pacific region.

US$ Billion

Global Luxury Goods Market by Value (2012-2016)

• In 2016, the global luxury goods market maintained its surge and was recorded ay US$... billion, compared to US$... billion in 2015, depicting an annual rise of …% from the previous year.

• By the end of 2021, the global luxury goods market is expected to reach US$... billion, growing at a CAGR of … %, spanning from 2017 to 2021.

• In 2016, luxury cars constituted …% of the overall market share, followed by luxury personal goods, luxury hotels, luxury food & wine with …%, …% and …% shares, respectively.

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Global Luxury Goods Market by Products (2016)

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Global Luxury Goods Market by Value – Forecast (2017-2021)

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Luxury C ars

Luxury Personal Goods

Luxury Hotel

Luxury Food & Spirits

Fine Art & High Quality Design

Luxury Travel

Global Luxury Goods Market: Industry Analysis & Outlook (2017-2021)

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E-commerce is one of fastest growing sales channel. Web service providers seem to get higher preference to retailers, specially in countries where internet penetration is high. Footwear recorded the highest sales, followed by cosmetic and skin care.

US$ Billion

Global Luxury Cars Market by Value – Forecast (2017-2021)

• The market for luxury car is expected to show upward trend and is anticipated to reach US$... billion by the end of 2021, growing at a CAGR of …%, spanning from 2017 to 2021.

• By the end of 2021, the global luxury hotel market is predicted to reach US$... billion mark, registering a CAGR of …%, spanning from 2017 to 2021.

• By the end of 2021, the global luxury food market is expected to be valued at US$... billion, growing at a CAGR of …%, spanning from 2017 to 2021.

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Global Luxury Hotel Market by Value – Forecast (2017-2021)

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Global Luxury Food Market Market by Value – Forecast (2017-2021)

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Global Luxury Goods Market: Industry Analysis & Outlook (2017-2021)

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Global Luxury Goods Market: Industry Analysis & Outlook (2017-2021)

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