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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. Characterized by their quality, price, scarcity, uniqueness, status, ancestral heritage and personal
history, luxury goods can be classified as absolute, aspirational and accessible products. 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.
The global luxury goods market can be broadly segmented into personal luxury goods market, luxury cars market, luxury foods market, luxury
spirits market, luxury cruises market and luxury Yacht & Private Jets market,. Growing affluence and rising consumer consciousness have
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, increased internet penetration, rise in urban population, increased number of millionaires and a rise in
The report provides an overview of the entire global luxury goods market including the key trends, growth drivers and challenges associated. In
recent years demand for luxury goods has seen a rising trend in almost all the major regions of the world. This can be attributed to onset of the
digital age and growing e-commerce coupled with an expanding off-price market that has led to narrowing of income and demand gaps between
consumers. High tourist spending in Asia and burgeoning tourism are other trends in the global luxury good market. However, falling commodity
prices and the ongoing oil crisis have led to a downward revision of the Global GDP, posing a serious challenge for luxury consumption across
the globe. China’s economic slowdown, geopolitical threats and financial volatility are other such factors that may affect the global luxury goods
market in the years ahead.
Competition in this market is rather fragmented, with a number of companies closely competing with each other. However, Louis Vuitton-Moet
Hennessey (LVMH) has persistently taken up the top spot as far as sales revenue is concerned. Kering, Richemont, Luxottica and Hermes are
The report has forecasted future trend in the global luxury goods market by combining SPSS Inc.’s data integration and analysis capabilities.
Regression models have been created by employing various significant variables that have an impact on the market. Before deploying the
regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard
SPSS output, including charts, tables, and tests.
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Increasing affluence and consumer consciousness has narrowed down the gap between necessity and luxury spending,
ensuring sustained growth in the global luxury goods market over the years…
In 2015, the global luxury goods market is estimated to have
reached US$... billion (EUR… billion), increasing from US$1150
billion (EUR… billion) in the previous fiscal year, recording an
annual growth of ..%.
The luxury cars market, in 2015 is expected to have constituted
..% of the total market, with an estimated revenue of US$...
billion (EUR… billion),
Personal luxury goods market is expected to account for ..% of
the revenue share
The luxury hotellerie market is expected to account for ..% of the
revenue share while the luxury wine & spirits market and luxury
food market is expected to constitute ..% and ..% of the global
luxury goods market respectively.
In 2015, the Americas region is expected to have constituted ..%
share followed by Europe accounting for …%.
Global Luxury Goods Market by Segment (2015E)
Global Luxury Goods Market by Value (2012-2015E)
Global Personal Luxury Goods Market by Region (2015E)
2012 2013 2014 2015E
Luxury Cars Personal Luxury Goods Luxury Hotellerie
Luxury Wine & Spirits Luxury Food Fine Art
High-Quality Design Luxury Private Jets Luxury Yacht
The Americas Europe Japan China Rest of Asia Rest of the World
Increase in luxury goods demand can be attributed to onset of the digital age and growing e-commerce coupled with an
expanding off-price market that has led to narrowing of income and demand gaps between consumers…
In 2015, the global personal luxury goods market is estimated to
have reached US$...billion (EUR… billion), decreasing from US$...
billion (EUR… billion) in the previous fiscal year.
The accessories category, in 2015 is expected to have constituted
..% of the market revenue. Apparel, hard luxury and beauty
segments are expected to account for relatively equal share of the
market constituting ..%, ..% and ..% respectively.
.. % of the global luxury cars market is expected to have been
accounted for by the accessible segment in 2015.
The aspirational segment is expected to have constituted ..% of the
revenue share, while the absolute segment is expected to account
for ..% of the global luxury cars market revenue in 2015.
Global Personal Luxury Goods Market by Category (2013-2015E)
Personal Luxury Goods Market Revenue (2010-2015E)
Global Luxury Cars Market by Segment (2015E)
2012 2013 2014 2015E
Personal Luxury Goods(US$) Personal Luxury Goods(EUR)
2013 2014 2015E
Accessories Apparrel Hard Luxury Beauty Others
Accessible Aspirational Absolute
High tourist spending in Asia and burgeoning tourism bolster growth in the global luxury good market..
Around ..% of the total luxury goods demand came from touristic
spending while the rest was accounted for by domestic consumers.
In Europe ..% of the luxury demand was from international
travellers in the year 2014.
As of 2015, the maximum numbers of middle class population by
region resided in XX constituting ..% of the world middle class
population, followed by XX constituting ..%.
Demand for luxury goods as a percentage of its Gross Domestic
Product (GDP), witnessing a ..% increase from 2010.
HNWI population , reached .. million in 2014, recording a ..% growth
from .. million in the previous year.
Global Middle Class Population by Country (2015)
Luxury Domestic and Tourist Demand by Region (2014)
Luxury Demand as Percentage of GDP (2010-2014)
Europe The US Asia Japan Overall
Domestic Consumers Tourists
China The US Japan Italy Germany
The UK France India Spain Korea
Canada Mexico Brazil Others
Japan The US Europe China
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