Luxury Goods Retailing in Europe, 2017-2022: Rising Preferences, Boost Growth, Future Expectations, Key Developments

This research report titled “Luxury Goods Retailing in Europe”, 2017-2022 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the Luxury Goods Retailing during the period between 2017 and 2022. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities in order to enlighten the readers about the actual scenario prevailing in the Luxury Goods Retailing.

Get Sample Copy of This Report @ https://www.marketresearchhub.com/enquiry.php?type=S&repid=1843628

Luxury Goods Retailing in Europe, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape

Summary

The "Luxury Goods Retailing in Europe, 2017-2022", report published by GlobalData provides analysis of current and forecast market data for luxury goods retail sales in different product categories across Europe.

Uncertain global economy, terrorist attacks, currency fluctuations and dwindling international tourists led to a challenging environment for the luxury market over the past five years. Luxury sales registered a negative CAGR of 0.1% during the period 2012-2017 to reach US$104.7bn in 2017 from US$105.0bn in 2012. However, sales are forecast to grow at a CAGR of 3.5% during 2017-2022 to reach US$124.4 billion by 2022 against the backdrop of improving global economy, and an increasing number of international tourists, especially Chinese tourists. Additionally, new store openings, renovation of existing stores, online expansion and innovations in product offerings by major luxury retailers are the major growth drivers for the European luxury market.

What else does this report offer?
- Current market sizes and forecasts to 2022 by country and 12 categories, including clothing, consumer electronics, drinks, footwear, homewares, jewelry, watches and accessories, luggage and leather goods, personal care, communication equipment, stationery, tobacco, and others
- Market insights based on consumer trends and changing economic and demographic factors
- Luxury goods retail sales and fastest-growing markets for Luxury goods channel
- Category level retail sales and forecast growth rates
- Competitive landscape covering market share of major Luxury goods operators and their Luxury goods sales and trading update analysis, recent key events.

Scope

- Luxury goods retail sales in Europe to reach US$124.4 billion by 2022
- France to emerge as the largest market for luxury by 2022 overtaking Italy
- Clothing is the largest product category in luxury sales in Europe
- Personal care category set to grow the fastest over forecast period 2017-2022.

BROWSE Full Report NOW @ https://www.marketresearchhub.com/report/luxury-goods-retailing-in-europe-2017-2022-market-and-category-expenditure-and-forecasts-trends-and-competitive-landscape-report.html

Table of Contents

Executive Summary
Overview & Regional Analysis
Country Analysis
Sector Analysis
Case Study
Competitive Landscape
Key Trends
Mergers & Acquisitions
Appendix

More Information………@@@

About Market Research Hub
Market Research Hub (MRH) is a next-generation reseller of research reports of different sector like retail market research and analysis. MRH’s expansive collection of industry reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

Contact Us

90 State Street,
Albany, NY 12207,
United States

Toll Free: 800-998-4852 (US-Canada)
Email: press@marketresearchhub.com

This release was published on openPR.