The Global Luxury Market Factbook 2018-2023 & 2023-2028 features LVMH, Kering, Richemont, PVH, Hermès, Chanel, Essilor Luxottica, Chow Tai Fook Jewelry, Estée Lauder and L’Oreal SA.
Dublin, April 21, 2023 /PRNewswire/ — “Global Luxury Goods Market Factbook (2023 Edition) – Analysis by Product Type, Gender, Distribution Channel, Region and Country: Market Size, Insights, Competition, Covid-19 Impact and Forecasts (2023-2028) report added of ResearchAndMarkets.com Recruitment.
The global luxury market is US$262.66 billion In 2021, it is expected to grow at a CAGR of 5.63% during the forecast period of 2023-2028.
Demand for luxury goods is driven by the increasing purchasing power of the HNWI and ultra-rich. Authenticity, prestige and exclusivity are the main factors behind the significant growth of luxury goods. Additionally, the luxury market is driven by the millennial generation and his Gen Z who are heavily influenced by the status quo and social media influencers.
According to Capgemini’s World Wealth Report 2022, the HNWI population will grow by 7.8% in 2021 and global wealth will grow by 8%. usa and Western European countries. but, Asia Pacific It is expected to capture the largest share and grow fastest at a CAGR of 6.56%.
The increasing average ratio of women’s assets to men’s assets has increased the demand for women’s luxury goods such as handbags, cosmetics, perfumes and shoes. Moreover, as the beauty industry grows and the demand for luxury cosmetics rises, luxury beauty brands are growing rapidly. However, luxury clothing and footwear continue to occupy a significant position in the market throughout the forecast period.
Luxury companies are looking to use technology to create advanced eco-friendly materials. Luxury brands are also eyeing high-income earners from the not-yet-wealthy (HENRY) group, who are likely to achieve significant wealth in the future and become important buyers.
Reporting scope
This report analyzes the luxury goods market by value (billion USD).
The report presents an analysis of the luxury market for the historical period 2018-2021, the base year 2022, and the forecast period 2023-2028.
This report analyzes the luxury goods market by product type: bags & accessories, jewelry & watches, cosmetics & perfumes, clothing & footwear, and other product types.
The report analyzes the luxury goods market by gender (male, female).
The report analyzes the luxury goods market by sales channel (brand stores, specialty stores, online channels).
The global luxury goods market is analyzed by country (America, Canada, Brazil, GermanyEngland, France, Italy, Spain, Switzerland, China, Japan, India, Korea, AustraliaGCC).
Key insights of the report are presented through the framework of SWOT and Porter’s Five Forces Analysis. Also, market attractiveness is shown by region, by component, and by vehicle.
The report also analyzes key industry opportunities, trends, drivers, and challenges.
This report tracks competitive developments, strategies, mergers and acquisitions, and new product development. Companies analyzed in the report include:
Main target audience:
Main topics:
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Survey method
2. Strategic recommendations
3. Global Luxury Market: Past and Forecast (2018-2028)
3.1 Impact Analysis of Macroeconomic Factors on Luxury Market
3.2 Global luxury market: additional guidance
3.3.1 Global Luxury Market: Brand Ownership Matrix of Top 15 Luxury Companies
3.3.2 E-commerce model of top luxury goods companies
3.3.3 Product-wise company positioning in key countries
3.3.4 Latest Brands/Companies in Luxury Market
3.3 Global Luxury Market: Dashboard
3.4 Global Luxury Goods Market: Market Size and CAGR, 2018-2028 (Billion USD and CAGR)
3.5 Impact of COVID-19 on luxury market
3.6 Global Luxury Goods Market Segmentation by Product Type
3.6.1 Global Luxury Goods Market, Overview by Product Type
3.6.2 Global Luxury Goods Market Size, By Bags & Accessories, By Value, 2018H-2028F (Billion USD & CAGR)
3.6.3 Global Luxury Goods Market Size, By Jewelry & Watches, By Value, 2018H-2028F (USD Billion & CAGR)
3.6.4 Global Luxury Goods Market Size, By Cosmetics & Perfume, By Value, 2018H-2028F (Billion USD & CAGR)
3.6.5 Global Luxury Goods Market Size, By Garment & Footwear, By Value, 2018H-2028F (Billion USD & CAGR)
3.6.5 Global Luxury Goods Market Size, By Other Product Types, By Value, 2018H-2028F (USD Billion & CAGR)
3.7 Global Luxury Goods Market Segmentation: By Gender
3.7.1 Global Luxury Market by Gender Overview
3.7.2 Global Luxury Goods Market Size, By Men, By Value, 2018H-2028F (Billion USD & CAGR)
3.7.3 Global Luxury Market Size, By Women, By Value, 2018H-2028F (Billion USD & CAGR)
3.8 Global Luxury Goods Market Segmentation: By Sales Channel
3.8.1 Global Luxury Goods Market, Overview by Distribution Channel
3.8.2 Global Luxury Market Size, By Brand Stores, By Value, 2018H-2028F (USD Billion & CAGR)
3.8.3 Global Luxury Goods Market Size, By Specialty Stores, By Value, 2018H-2028F (USD Billion & CAGR)
3.8.3 Global Luxury Goods Market Size, By Online Channel, By Value, 2018H-2028F (Billion USD & CAGR)
5. Americas Luxury Market: History and Forecast (2018-2028)
6. European Luxury Market: Past and Forecast (2018-2028)
7. Asia-Pacific Luxury Market: History and Forecast (2018-2028)
8. middle east & Africa Luxury Market: Past and Forecast (2018-2028)
9. Market dynamics
9.1 Assessing the impact of market dynamics on the global luxury market
9.2 Driver
9.3 Restraint
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Assessment of macroeconomic factors
10.2 Value chain analysis
10.3 Porter’s five force model
11. Competitive Positioning
11.1 Company Product Positioning
11.2 Market Position Matrix
11.3 Market Share of Leading Luxury Brands, by Product Type
11.4 Market Share of Leading Luxury Brands, by Country
11.5 Market Share Analysis of Luxury Goods Market
11.6 Company Overview
For more information on this report, please visit https://www.researchandmarkets.com/r/bh1tss.
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