Press release
Luxury Goods Market Growth Potential is Booming Now: Kering, Richemont, Chanel
Luxury Goods Market
According to HTF Market Intelligence, the Global Luxury Goods market to witness a CAGR of 5.4% during forecast period of 2024-2030.
If you are a Global Luxury Goods manufacturer and would like to check or understand the policy and regulatory proposals, designing clear explanations of the stakes, potential winners and losers, and options for improvement then this article will help you understand the pattern with Impacting Trends. Click To get SAMPLE PDF (Including Full TOC, Table & Figures) @ https://www.htfmarketintelligence.com/sample-report/global-luxury-goods-market?utm_source=Alefiya_OpenPR&utm_id=Alefiya
Definition
The Luxury Goods Market refers to the segment of the economy that encompasses products and services considered to be of premium quality, exclusive design, and high craftsmanship, often associated with prestige, status, and wealth. These goods typically command a premium price and are targeted toward affluent consumers or those aspiring to display a sense of luxury.
Major Highlights of the Global Luxury Goods Market report released by HTF MI
Global Luxury Goods Market Breakdown by Product Category (Fashion & Accessories (Clothing, Handbags, Footwear, Accessories), Watches & Jewelry (Luxury Watches, Fine Jewelry), Perfumes & Cosmetics (Fragrances, Skincare, Makeup), Wines & Spirits, Others) by Price Point (Accessible Luxury, Premium Luxury, Ultra Luxury) by End User (High-Net-Worth Individuals (HNWI), Aspirational Consumers, Millennials & Gen Z Luxury Consumers) by Sales Channel (Brand Stores, Multi-brand Retailers, Department Stores, E-commerce Platforms, Travel Retail (Duty-Free)) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)
Luxury Goods Market Trend
• Sustainability: Rising consumer preference for environmentally and ethically produced luxury items, including second-hand and refurbished goods.
• Personalization: Growing demand for personalized and bespoke luxury experiences and products.
Luxury Goods Market Driver
• Economic Growth: Expanding disposable incomes, particularly in emerging markets like China and India.
• Brand Heritage and Innovation: Strong brand equity supported by continuous product innovation and storytelling.
• Aspirational Consumption: Middle-class consumers aspiring to own luxury items, especially in regions with growing urbanization.
SWOT Analysis on Global Luxury Goods Players
In addition to Market Share analysis of players, in-depth profiling, product/service, and business overview, the study also concentrates on BCG matrix, heat map analysis, FPNV positioning along with SWOT analysis to better correlate market competitiveness.
Demand from top-notch companies and government agencies is expected to rise as they seek more information on the latest scenario. Check the Demand Determinants section for more information.
Regulation Analysis
• Local System and Other Regulation: Regional variations in Laws for the use of Global Luxury Goods
• Regulation and its Implications
• Other Compliances
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Book Latest Edition of Global Luxury Goods Market Study @ https://www.htfmarketintelligence.com/buy-now?format=1&report=13967?utm_source=Alefiya_OpenPR&utm_id=Alefiya
Heat map Analysis, 3-Year Financial and Detailed Company Profiles of Key & Emerging Players: LVMH (France), Kering (France), Richemont (Switzerland), Chanel (United Kingdom), Prada Group (Italy), Burberry (United Kingdom), Coach (United States), Michael Kors (United States), Rolex (Switzerland), FJ Benjamin (Singapore), Royal Selangor International Sdn Bhd (Malaysia), TWG Tea (Singapore), Pernod Ricard (France), Diageo plc (United Kingdom).
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Some Extracts from Global Luxury Goods Market Study Table of Content
Global Luxury Goods Market Size (Sales) Market Share by Type (Product Category) [Brand Stores, Multi-brand Retailers, Department Stores, E-commerce Platforms, Travel Retail (Duty-Free)] in 2024
Global Luxury Goods Market by Application/End Users [High-Net-Worth Individuals (HNWI), Aspirational Consumers, Millennials & Gen Z Luxury Consumers]
Global Luxury Goods Sales and Growth Rate (2024-2030)
Global Luxury Goods Competition by Players/Suppliers, Region, Type, and Application
Global Luxury Goods (Volume, Value, and Sales Price) table defined for each geographic region defined.
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
........and view more in the complete table of Contents
Check it Out Complete Details of Report @ https://www.htfmarketintelligence.com/report/global-luxury-goods-market
Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
Contact Us:
Nidhi Bhavsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
About Us:
HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. HTF MI integrates History, Trends, and Forecasts to identify the highest value opportunities, cope with the most critical business challenges and transform the businesses. Analysts at HTF MI focuses on comprehending the unique needs of each client to deliver insights that are most suited to his particular requirements.
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