Global Personal Luxury Goods Market to grow at a CAGR of 3.71% during the period 2017-2021

Market Research analysts forecast the global personal luxury goods market to grow at a CAGR of 3.71% during the period 2017-2021.

According to the report, one of the major drivers for this market is rising tourist spending. Luxury tourism spending has been one of the major growth contributors in the market. At a global level, the US and European countries are considered to be the major destinations for luxury tourism. The non-availability of many luxury products and brands or the high prices of the available ones in their home regions drive many South and Central American and Asian customers to European countries.

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Further, the report states that one of the major factors hindering the growth of this market is presence of counterfeit products. With the growing demand for leather fashion products, manufacturers are finding difficulty in dealing with counterfeit products. Counterfeit products not only affect the actual brands in terms of revenue, but also negatively affect the goodwill of original brands.

About Personal Luxury Goods

The global personal luxury goods market has been registering positive growth over the last few years and is shaping up to become one of the top competitive markets at a global level. With the rise in globalization, ample growth opportunities are being created in the market.

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Covered in this report

The report covers the present scenario and the growth prospects of the global personal luxury goods market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of personal luxury goods to individual customers.

The market is divided into the following segments based on geography:
Americas
APAC
Europe
MEA

Global Personal Luxury Goods Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Estée Lauder
L'Oréal
Luxottica
LVMH
Richemont
The Swatch Group
Other prominent vendors
BURBERRY
BREITLING
CHANEL
COACH
Giorgio Armani
Kate Spade
Kering
Nina Ricci
PRADA
Tiffany
Valentino Fashion Group
Hermès
Ralph Lauren
VF Corporation
Market driver
Rising tourist spending
For a full, detailed list, view our report

Market challenge
Presence of counterfeit products
For a full, detailed list, view our report

Market trend
Omni-channel distribution
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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