Thursday, 24 April 2014

Luxury Goods Market - Global Industry Size, Share, Trends, Analysis, And Forecasts 2012 - 2018

Consumer_Goods copy
The luxury goods market is expected to grow by 7% by the end of 2012 despite the economic slowdown. The major reason behind this significant rise in the luxury goods industry is the rising concern of people over style and personal attire. Changing lifestyle and rising living standards are mainly driving the growth of this market.


China is the leading manufacturer of luxury goods and the predicted growth rate of the Chinese market is about 18% to 20%. The luxury goods industry is forecast to grow between 5% and 7% in America and 2% and 4% in Europe in 2012. Japan, which was the biggest luxury goods buyer in the past few years, holds third position in the luxury goods industry now.

In the past few years, luxury goods industry has experienced a slower growth rate because of financial crisis, but with the world economy becoming stable, this market is experiencing a significant rise in demand for luxury goods across the globe. Strong tourist flow in Europe and America, coupled with sales at the U.S. department stores is contributing to the recovery of the luxury goods industry.

Market Segmentation
  • Leather Accessories
  • Watches
  • Jewels
  • Wine and Spirit
The research report analyzes this market based on major industry segments and important geographies. It includes a complete analysis of industry growth drivers, factors affecting market growth, market structure, and market projections for the coming years. The report also provides an analysis of technological developments in the luxury goods market, Porter’s five force model analysis, and complete company profiles of the top industry players. The report provides a review of the micro and macro factors significant for the new entrants and existing market players along with detailed value chain analysis.

Major geographies analyzed under this research report are:
  • Europe
  • North America
  • Asia-Pacific
  • Rest of the World
Major Players 

Some of the key players dominating this market are LVMH, Gucci Group, Hermes International, Richemont, Burberry, and others
.

About us

Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.



Contact Us

Sheela AK
Corporate Office:
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States.

Posted by at
Labels: , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)