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

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Industry Research by Koncept Analytics
Global Luxury Goods Market Industry Analysis
Outlook -----------------------------------------
(2017-2021)
April 2017
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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.
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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.
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.

Global Luxury Goods Market by Value Forecast
(2017-2021)
Global Luxury Goods Market by Products (2016)
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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.
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.

Global Luxury Hotel Market by Value Forecast
(2017-2021)
Global Luxury Food Market Market by Value
Forecast (2017-2021)
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at the publication date but is subject to change
at subsequent releases. All possible efforts have
been made to ensure accuracy of data. However,
investors should not completely rely on the
information given in this report and must make
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risk management and capital adequacy.
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