Luxury Goods Market Report: Share, Trends, Demand, Size, and Forecast 2024

Posted on 2018-07-21 by Goldstein Research in Retail // 0 Comments

New York, USA, 2018-Jul-21 — /EPR Network/ —According to Goldstein Research, the global luxury goods market is expected to reach USD 295.7 billion by the end of 2024 from USD 214.5 billion in 2015, growing at a CAGR of 4.0%. Rising statistics of high net worth income (HNWI) people and rising travel and tourism industry are driving the growth in the total supply of luxury goods across the globe. Global luxury goods market segmentation has been done on the basis of product type, distribution channel, and geography. Luxury goods market has been experiencing growth in recent years after the major vendors extended their distribution channel in new territories and at duty-free outlets, attracting them.

Global luxury goods market is dominated by North America market share with 34% in total revenue from the luxury goods market. North America is closely followed by Europe, with Germany being the major player. Asia-Pacific acquires the third position in global luxury goods market share and India being the most prospecting country in the region.

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Market Segmentation

On the basis of our in-depth analysis, Global Luxury Goods Market can be segmented as follows:

By Product Type

Designer Apparel and footwear
Accessories
Luxury Jewelry
Cosmetic and Beauty Products
Fine Wine & Spirits
Others (Electric gadgets, etc)

On the basis of Distribution Channel

Online Channels
Offline Channels (wholesaler, retailers, Agents, etc. )

On the basis of region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Luxury Goods Market Outlook 2024” contains a detailed overview of the global luxury goods market. On the basis of our in-depth analysis, a market can be segmented in terms of market segmentation by product type and by distribution channel.

Further, for the in-depth analysis, Global Luxury Goods Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This global market research report also includes competitive outlook of some of the major players profiling of companies such as LVMH, Luxottica Group, Kering SA, The Swatch Group Ltd., Ralph Lauren Corporation, Hermes International Group, L’Oreal Luxe, Rolex SA, Prada Group, Burberry Group plc, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the luxury goods market size along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on consumer products industry analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Market Segmentation

By Product Type

On the basis of Distribution Channel

On the basis of region

About Goldstein Research

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