Luxury Goods – Market Growth, Trends, Forecast and COVID-19 Impacts (2014 - 2026)
Latest market research report on Global Luxury Goods Market published by Global Market Monitor, offers updated COVID-19 Impacts on global or regional Luxury Goods market.
Luxury goods are high-quality and high-value products, not necessities. There are many reasons for buying them: supporting self-worth and status, or out of product quality and craftsmanship.
The global luxury goods market is expected to grow. Luxury goods are not a necessity and are associated with wealthy people. The global luxury goods market is growing due to the increasing number of high net worth individuals (HNIs) in each country and the increase in the disposable income of aspiring upper and middle-class people.
Increased demand for high-end cosmetics and beauty products will drive the global luxury market. The increase in the omnichannel retail business may further encourage the growth of the global luxury goods market. People’s disposable income has increased, and young consumers’ demand for luxury goods has increased. Luxury goods are easily obtained through e-commerce, and with the development of digitalization, luxury goods companies are developing their platforms to sell their products online. To this end, these companies either work with multi-brand websites or develop their platforms to create new opportunities for the global luxury goods market. Tourism has driven the sales of luxury goods, with travelers accounting for one-third of global luxury goods sales, and tourists tend to buy luxury goods from abroad. More and more counterfeit products will affect sales and brand value, and counterfeiting has largely affected the global luxury goods market.
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The Major Players Profiled in This Report Include:
Moët & Chandon
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
To Identify the Key Trends in the Industry, Click on the Link Below:
Due to the high demand for luxury goods and enhanced purchasing power, the Asia-Pacific region is expected to become a region with broad market prospects. Driven by the presence of multiple luxury goods companies, North America is expected to rise during the forecast period.
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Luxury Goods Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Luxury Goods Market by Types
Chapter 4 Segmentation of Luxury Goods Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Luxury Goods Market in Major Countries
Chapter 7 North America Luxury Goods Landscape Analysis
Chapter 8 Europe Luxury Goods Landscape Analysis
Chapter 9 Asia Pacific Luxury Goods Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Luxury Goods Landscape Analysis
Chapter 11 Major Players Profile
11.1 Louis Vuitton
11.1.1 Louis Vuitton Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2.1 Gucci Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3.1 Prada Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Key Questions Answered in This Report:
Which Trends Are Causing These Developments?
Who Are the Global Key Players in Luxury Goods Market? What' s Their Company Profile, Their Product Information, Contact Information?
What Was Global Market Status of Luxury Goods Market? What Was Capacity, Production Value, Cost, and PROFIT of Luxury Goods Market?
What’s Market Analysis of Luxury Goods Market by Taking Applications and Types in Consideration?
What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What About Import and Export?
What Is Luxury Goods Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact on Luxury Goods Market? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
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