Press release
Hard Luxury Goods Market value of USD 235.46 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 10.4% during the forecast period of 2022-2029
Hard Luxury Goods Market
The report segments the global hard luxury goods market based on product type, gender, distribution channel, and region. By product type, the market is classified into watches, jewelry, and others. Based on gender, the market is segmented into female and male. Distribution channels encompass online stores, department stores, monobrand stores, and specialty stores. The regional analysis covers North America, Asia Pacific, Europe, Middle East & Africa, and South America.
The report offers an in-depth analysis of the hard luxury goods market based on a comprehensive research methodology. The research process involved primary and secondary research, with primary research conducted through interviews and surveys with industry experts and stakeholders. Secondary research involved referring to reliable sources such as press releases, company annual reports, government websites, and research papers. Quantitative and qualitative data was extracted from paid databases like Reuters, Bloomberg, and Hoovers, among others. The report incorporates Porter's Five Forces analysis and PESTLE analysis to assess competition, market dynamics, and external factors impacting the industry.
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What are Hard Luxury Goods Market Dynamics?
The report identifies key drivers influencing the growth of the hard luxury goods market. The rising number of high-net-worth individuals in developed nations, coupled with increasing disposable incomes in emerging markets, is expected to have a favorable impact on the market. Additionally, consumers' growing preference for cutting-edge and sophisticated products is fueling the global sales of hard luxury goods.
However, the market has faced challenges due to an economic slowdown and changing consumption habits, particularly in the Greater China region. Despite this, China emerged as the highest revenue-generating country, earning USD 22,000 million in 2021. Furthermore, the high price of jewelry and watches has hindered online sales, with less than 5% of hard luxury transactions conducted online.
What are Hard Luxury Goods Market regional insights:
Europe currently holds the largest market share in the hard luxury goods industry, driven by the presence of key players and a strong luxury fashion culture. The region's market dominance is attributed to renowned brands such as LVMH, Burberry, Cartier, and Chopard, among others. Meanwhile, North America is witnessing significant growth, supported by the presence of a large population of wealthy individuals and a strong inclination towards stylish garments and accessories.
The Asia Pacific region is expected to experience rapid expansion, fueled by the rising disposable incomes of the middle-class population and increased access to global luxury brands. China, Japan, Singapore, and other emerging Asian countries are projected to contribute significantly to the region's market growth.
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What is Hard Luxury Goods Market Segmentation?
by Products Type
• Watches
• Jewelry
• Others
by Gender
• Female
• Male
byDistribution Channel
• Online Stores
• Department Stores
• Monobrand Stores
• Specialty Stores
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Who are Hard Luxury Goods Market Key Players?
• Gucci
• Signet
• Tissot
• Bottega Veneta
• Chanel
• Giorgio Armani
• Hermes International
• Harry Winston
• Louis Vuitton
• Beaumont & Charlesworth
• Graff Diamonds Ltd.
• Swatch Group
• Richemont
• Bulgari
• Chanel S.A.
• Ralph Lauren Corp.
• Tiffany and Co.
• Rolex
• Cartier
• Chopard
• Pandora Jewellers
• Chow Tai Fook
• Rado
• Titan
• Rajesh Exports
• China National Gold Group Gold Jewellery
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Table of content for the Hard Luxury Goods Market includes:
1. Global Hard Luxury Goods Market: Research Methodology
2. Global Hard Luxury Goods Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Hard Luxury Goods Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Hard Luxury Goods Market Segmentation
• Global Market, by Products Type (2021-2029)
• Global Market, by Gender (2021-2029)
• Global Market, by Distribution Channel (2021-2029)
5. Regional Hard Luxury Goods Market (2021-2029)
• Regional Market, by Products Type (2021-2029)
• Regional Market, by Gender (2021-2029)
• Regional Market, by Distribution Channel (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ https://www.maximizemarketresearch.com/market-report/hard-luxury-goods-market/49102/
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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