Luxury Goods Market Size, Industry Overview, Market Trends, Study of Global Market Research Report 2025

Luxury goods comprises of the products which includes apparel, footwear, watches, and other accessories which are at a very higher cost and belongs to premium category.

Global luxury goods market is expected to grow at a CAGR of 4.1% from 2017 to 2023.

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Key Point From Table of Content
8. Company profiles
8.1. L’Oreal International
8.1.1. Overview
8.1.2. Financials and business segments
8.1.3. Recent developments
8.2. LVMH Group
8.2.1. Overview
8.2.2. Financials and business segments
8.2.3. Recent developments
8.3. The Shiseido Group
8.3.1. Overview
8.3.2. Financials and business segments
8.3.3. Recent developments

Market Players:
Top market players include LOreal International, LVMH group, The Sheiseido Company Ltd., Prada S.p.A, Ralph Lauren Corp, Swatch Group, The Estee Lauder, Luxottica Group, and others.

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Market Dynamics:
Drivers:
Rising spending capacity of consumers and an inclination in the living standard of people is anticipated to impel the market growth.
Increase in online marketing is further likely to propel the market growth.

Restraints:
Less number of branded outlets especially in developing regions is expected to restrain the growth of luxury goods market.

Based on product type, the market is divided into jewelery, designer wear and footwear, cosmetics, champagne/wine, and others. The market is further sub-divided on the basis of gender which includes female and male and on the basis of distribution channel such as online and retail. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

MARKET LANDSCAPE
By Product Type
• Jewelry
• Designer wear and footwear
• Cosmetics
• Champagne/wine
• Others
By Gender
• Female
• Male
By Distribution Channel
• Online
• Retail

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