China Luxury Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28

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China Luxury Market Research and Forecast Report
2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
China Luxury Market Research Report The latest
report by IMARC, titled China Luxury Market
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2023-2028 finds that the China
luxury market size reached US 287.3 Billion in
2022. Luxury goods and services are
non-essential but desirable products that
comprise haute couture clothing, jewelry and
high-end watches, sports cars, a private jet, a
yacht, wine, advanced homes and real estates, and
limousine service. They represent the wealth of
an individual and intended to appeal to people in
a high social class. They raise self-esteem and
confidence of an individual by serving as a
status symbol in society. They are durable,
advanced, and expensive while offering comfort
and elegance to consumers. They help make a
long-lasting and credible impression while
delivering a sense of exclusivity. As they
provide enhanced craftsmanship, rarity, and
aesthetics, the demand for luxury goods and
services is rising in China. Request Free Sample
Report https//www.imarcgroup.com/china-luxury-ma
rket/requestsample
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Report Description and Highlights
Report Description

China Luxury Market Trends At present,
increasing number of individuals visiting travel
retail businesses and duty-free shops at airports
represents one of the key factors supporting the
growth of the market in China. In addition, there
is a rise in the number of urban middle-class
spenders to demonstrate their individualism and
success. This, along with the thriving tourism
industry, is bolstering the growth of the market
in the country. Besides this, the growing demand
for paintings made by contemporary artists among
the masses to associate emotionally with their
culture is positively influencing the market in
the country. Moreover, the wide availability of
luxury goods through online and offline
distribution channels, coupled with inflating
income levels of individuals, is propelling the
growth of the market in China. Apart from this,
there is an increase in the demand for
sustainable luxury products manufactured from
environmentally friendly raw materials, such as
plant-based leather, which are used to produce
jackets, handbags, and footwear. In line with
this, the rising awareness among individuals
about the leading luxury brands in China is
strengthening the growth of the market.
Additionally, key manufacturers are providing
various offers to draw the attention of the
younger section of the population in the
country. View Full Report with TOC List of
Figure https//www.imarcgroup.com/china-luxury-ma
rket
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Report Description and Highlights
Report Description
Market Summary Breakup by Category Tr
avel and Hotel Cars Personal
Luxury Goods Food and Drinks O
thers Breakup by Gender Male
Female Breakup by Distribution Channel
Mono-Brand Stores Multi-Brand Stores
Online Stores Others

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Report Description and Highlights
Report Description

Breakup by Region Guangdong
Jiangsu
Zhejiang Hena
n Sichuan Sha
nghai Others
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

2019 IMARC All Rights Reserved This
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of International Market Analysis Research and
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Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
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