The report on global luxury goods market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global luxury goods market to grow with a CAGR of 2.9% over the forecast period of 2018-2024. The study on luxury goods market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
The report on luxury goods market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global luxury goods market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global luxury goods market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.
Report Findings
1) Drivers

  • Rising Number of High Net worth Individuals (HNIs) In Every Nation
  • Increasing Disposable Income among the Growing Middle-Class Population
  • Increasing Spending on the Luxury Products
  • Growth of Financial Organizations Which are Financing the Modern Luxuries Goods

2) Restraints

  • Currency fluctuations

3) Opportunities

  • Growing capitalization
  • Increasing Disposable Income of Middle-Class People in the Developed and Developing Countries

Research methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global luxury goods market is segmented on the basis of product type and mode of sale.

Global Luxury Goods Market by Product Type

  • Designer Apparel & Footwear
  • Jewelry
  • Accessories
  • Cosmetics & Beauty Products
  • Fine Wines/champagne & Spirits
  • Travel Goods
  • Others

Global Luxury Goods Market by Mode of Sale

  • Retail
  • Online

Company Profiles

  • The Estee Lauder Companies Inc.
  • LOral International
  • LVMH Group
  • Kering SA
  • The Shiseido Company, Ltd.
  • Prada S.p.A.
  • Ralph Lauren Corporation
  • Swatch Group
  • Luxottica Group S.p.A
  • Compagnie Financire Richemont SA

What does this report deliver?
1. Comprehensive analysis of global as well as regional markets of luxury goods market.
2. Complete coverage of all the segments in luxury goods market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global luxury goods market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.