Press release
Personal Luxury Goods Market Touching Impressive Growth| Giorgio Armani, Prada, Burberry
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Summary
Global Personal Luxury Goods Market Overview
Personal Luxury Goods, also known as Veblen goods or Superior Goods are the goods for which the demand increases with increase in wealthier lifestyles and increase in disposable incomes. In case of luxury goods the demand is directly proportional to income of the people. Moreover, in technical terms it is not necessary that every luxury good will have a better quality. Some of markets have luxury goods segment including wine, automobile, food & beverage, apparels and many others.
Market Highlights
On 26th November, 2018, Richemont, the Swiss luxury goods group, and Alibaba Group has announced a global strategic partnership with the world’s leading online luxury retailers such as YOOX NET-A-PORTER GROUP S.P.A. (YNAP) to bring the retail offerings to Chinese consumers.
The world’s leading luxury products group ‘LVMH Moet Hennessy Louis Vuitton’ has recorded a 10% increase in revenue, reaching € 33.1 billion in the first nine months of 2018. For the same period in 2017, LVMH has shown 13% increase in the overall revenue excluding the impact of the airport concession closures in Hong Kong at the end of 2017.
The world’s leading luxury products group ‘LVMH Moet Hennessy Louis Vuitton’ has recorded a 10% increase in revenue, reaching € 33.1 billion in the first nine months of 2018. For the same period in 2017, LVMH has shown 13% increase in the overall revenue excluding the impact of the airport concession closures in Hong Kong at the end of 2017.
Market Trend
Inclination towards Gifting Personal Luxury Goods
Availability of Customizations and Personalized Luxury Goods
Market Drivers
Increasing Tourist Pending
Wealthier Economic Conditions
Strong Marketing Strategies by Personal Luxury Goods Providers
Restraints
Expensive Offerings
Minimum Availability across the Globe
Opportunities
Manufacturers Keep High Profit Margin
Strengthened Economic Conditions
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Table of Contents
1 Market Overview
1.1 Personal Luxury Goods Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2013-2023)
1.4.1.2 Canada Market States and Outlook (2013-2023)
1.4.1.3 Mexico Market States and Outlook (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2013-2023)
1.4.2.2 France Market States and Outlook (2013-2023)
1.4.2.3 UK Market States and Outlook (2013-2023)
1.4.2.4 Russia Market States and Outlook (2013-2023)
1.4.2.5 Italy Market States and Outlook (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2013-2023)
1.4.3.2 Japan Market States and Outlook (2013-2023)
1.4.3.3 Korea Market States and Outlook (2013-2023)
1.4.3.4 India Market States and Outlook (2013-2023)
1.4.3.5 Southeast Asia Market States and Outlook (2013-2023)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2013-2023)
1.4.4.2 Egypt Market States and Outlook (2013-2023)
1.4.4.3 Saudi Arabia Market States and Outlook (2013-2023)
1.4.4.4 South Africa Market States and Outlook (2013-2023)
1.4.4.5 Nigeria Market States and Outlook (2013-2023)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1.1 Business Overview
2.1.2 Personal Luxury Goods Type and Applications
2.1.3 Personal Luxury Goods Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
3 Global Personal Luxury Goods Market Competition, by Manufacturer
3.1 Global Personal Luxury Goods Sales and Market Share by Manufacturer (2016-2017)
3.2 Global Personal Luxury Goods Revenue and Market Share by Manufacturer (2016-2017)
3.3 Global Personal Luxury Goods Price by Manufacturer (2016-2017)
3.4 Market Concentration Rate
3.4.1 Top 3 Personal Luxury Goods Manufacturer Market Share in 2017
3.4.2 Top 5 Personal Luxury Goods Manufacturer Market Share in 2017
3.5 Market Competition Trend
....Continued
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