Luxury Products for Kids Market size and Key Trends in terms of volume and value 2014-2020Luxury goods comprises of products such as accessories, footwear, apparel, watches and others which are quite expensive and target those consumers who belongs to premium class. The market for luxury goods consist of three types of end consumers, which includes kids lying between the age of 0-12 years, teenagers belonging to the age group of 13 to 19 years and the rest lies in adult group.Whereaskidsare concerned they are the smallest consumer group. Although being a smaller consumer group, the luxury products market for kids is experiencing tremendous growth in recent years due to changing consumer lifestyle and availability of the product. It is expected that spend on luxury shopping by consumers will grow by 25% in 2015. Luxury products for kids market is associated with higher margin as compared to adult’s luxury products segment. It has been found that baby’sluxury product accounted for more than 7.2% market share of luxury market in 2014. Luxury product market highly depends upon thefactors such as attractivemarketing, promotion techniques and proper distribution channel.
Request For Report Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-205
Luxury products market for kids can be broadly segmented on the basis of product type, distribution channel and geographies. On the basis of product types it can be subsegmented into accessories, apparels and footwear. Among all these sub segments apparel market is expected to account for highest market share followed by footwear sub segment. The growth of apparel segment is fuelled by the frequently changing fashion and continuous need for new clothing for growing children. In 2014, U.S. and European market account for the most dominating market for apparel.
The market for luxury baby product also depends upon the mode of distribution channel used for offering products to the consumers. The mode of Distribution channel is segmented into retail outlets, sell out through internet, company’s brand outlet and others. Among all these distribution channel online retailing is expected to be most preferred mode for distribution in the forecasted period. This ishis is due to consumer convenience preferences and availability of the products at lower price. Furthermore, the second most preferred mode is expected to be the company’s brand retail outlets as they provide better offerings at less price.
Furthermore, the luxury products market for kids inAsia pacific is expected to account for fastest CAGR in the forecasted period as compared to other regions. This is because the growth in luxury expenditure is expected to increase by 40% by 2020.In addition, countries such as Malaysia, Thailand and Singapore and are expected to contribute a significant share to overall Asia Pacific luxury products market for kids. Whereas, spending from China is expected to witness a fastest growth in Asia Pacific.It is predicted to boost the customer base and prominent contributor in the revenue of global luxury products market for kids.Moreover, presently North America and Western Europe dominate the total luxury products market for kids due to high purchasing power of consumers. These regions are expected to witness a slow growth as compared to the growth exhibited by countries in Asia Pacific.
The key factors driving the growth of luxury products market for kids includes continuous innovation in products sub segments, rising disposable income, changing consumer lifestyle, awareness of products through internet and social media, improving countries economy, influence of the consumers through their peers, friends or neighbours, and others .
However, there are some restraining factors which are affecting the growth for luxury products market for kids which include the expensive price range for consumers in emerging markets and less product variants availability across the distribution channel. Moreover, internet being a prominent medium for distribution of the luxury goods is expected to witness low adoption among the consumers in emerging markets. Thisis due to less internet penetration in these markets.
Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/toc/rep-gb-205
Initially the market for luxury baby products was dominated by specialty retailers such as Children’s Place The Walt Disney Company, Mothercare plc, The Gymboree Corporation and others. However, with the increase in premium consumers leading to a shift in consumer buying behavior, due to this various companies have entered the market which includes GAPInc, J Crew Group, Inc, DKNY, Gucci Group, Diesel,Dolce &Gabbana, United Colors of Benetton, Jack & Jill clothing Inc,Giorgio Armani S.p.A, BLOCH, Burberry Group plc, Converse, Christian Dior S.A, FENDI and others.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Luxury Products for Kids Market size and Key Trends in terms of volume and value 2014-2020 here
News-ID: 798716 • Views: 153
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Luxury
Luxury Diaries & Organisers
ANTORINI Breath-taking diaries for 2017 We have discovered the most beautiful and stylish 2017 diaries for you. Enter the world of beautiful scheduling. The new collection of leather diaries for 2017 bears the signs of beauty and perfection. It combines the sense of practical scheduling and attractive timeless design. You can find diaries with gold plating, different shapes, colours and surfaces in the new exclusive collection of the prestigious ANTORINI brand. Diaries
New to Luxury
When it comes to luxury, people only think of luxury products or classy lifestyle. To get everything there is always a small bit to count. New to luxury is an online magazine dedicated to luxury approaching all the topics making life of luxury: health efforts, food style, art & design, high tech, shopping, simple tips and tricks to ease the life. Developing the spirit of the brand luxury in common man’s life.
Luxury Portfolio International™ Connects With Luxury Consumers
CHICAGO – (8/29/11) – As interest in the luxury real estate market continues to increase, Luxury Portfolio International™ is responding by showcasing their high end properties through international events and in venues around the world. Approaching the fall season, Luxury Portfolio International™ is hosting a series of member-facing Fall Workshops, first in Chicago followed by Providence, Rhode Island, September 6-7th. Network brokers, managers, marketing and relocation professionals from across
Gordon’s Luxury Tasting
Gordon’s Luxury Tasting Gordon’s Fine Wines & Liquors Hosts Annual Luxury Tasting with Horizon Beverages! Join Gordon’s Fine Wine & Liquors for their annual, luxury wine tasting with Horizon Beverages, the largest wine, beer and liquor distributor in New England, for a complimentary tasting of wines that you’ve always dreamed of drinking.
Luxury shower panel Aqvaplana
The AQVAPLANA shower panel, completely designed in solid marine Okumè type wood, takes a departure from the mainstream world of sanitary fixtures, which doesn't contemplate the use of wood in direct contact with water for an extended time. The perceptive intuition of creating a shower panel which makes use of wood, normally employed in the building of boats and further protecting it with special marine type varnishes, actually brings the
Luxury Jewelry That Impress...
Are what 1001 Mouse is all about, and our line of gift ideas includes "gift certificates" for those that are "difficult to buy for". Searching for Luxury Jewelry can be... Frustrating and Time Consuming... - Luxury Jewelry at http://jewelry.1001Mouse.com are the finest, most memorable and unique Luxury Jewelry found anywhere! Gift ideas of 14 Karat Luxury Jewelry are absolutely, positively, Luxury Jewelry is THE BEST gift imaginable for either men or