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Luxury Goods - Global Strategic Business Report

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    Report

  • 494 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1244796
The global market for Luxury Goods is estimated at US$253.7 Billion in 2023 and is projected to reach US$369.8 Billion by 2030, growing at a CAGR of 4.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Luxury Apparel segment, which is expected to reach US$115.4 Billion by 2030 with a CAGR of 5.9%. The Luxury Cosmetics & Perfumes segment is also set to grow at 5% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $55.4 Billion in 2023, and China, forecasted to grow at an impressive 6.5% CAGR to reach $42.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Luxury Goods Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Luxury Goods Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Luxury Goods Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Benetton Group Srl, 3B International LLC, Absolument Parfumeur, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 175 Featured):

  • Benetton Group Srl
  • 3B International LLC
  • Absolument Parfumeur
  • Amouage Ltd.
  • Arabian Oud
  • Aspects Beauty Co., Ltd.
  • Beauty San SpA
  • Bond No. 9
  • Abercrombie & Kent USA, LLC
  • A.L.B Watches
  • Alexander Shorokhoff Uhrenmanufaktur GmbH
  • Auguste Reymond SA
  • Baume & Mercier
  • A. Favre & fils
  • Asprey London Limited

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • An Introduction to Luxury Goods
  • Types of Luxury Goods
  • Global Market Prospects & Outlook
  • Competition
  • Global Luxury Goods Market Breakdown by Leading Competitors (in %) for 2023
  • Valuable Luxury Brands Worldwide: Ranked by Brand Value (in US$ Billion) for 2023
  • Luxury Brands Differentiate Even in Digital Transition Efforts
  • Key Competitors in the Luxury Watches Domain
  • Swiss Watches Global Competitor Share Positioning for 2023
  • World Brands
  • Recent Market Activity
  • Luxury Goods - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Travel & Tourism Industry Trends Influence Prospects in Luxury Goods Market
  • Change in International Tourist Arrivals by Region for 2023
  • Travel & Tourism Industry as % of GDP by Country for 2023
  • As Airlines Industry Struggles Amidst the COVID-19 Crisis, Impact Imminent on Airport Luxury Retail Sales
  • Commercial Airline Revenue Growth (in %) for 2010-2023
  • Personal Incomes of People: A Critical Factor Influencing Market Prospects
  • High Net Worth Individuals and Changing Lifestyles Boost Luxury Goods Market
  • High Net Worth Individuals Influence Sales of Luxury Goods: Number of Ultra-High Net Worth Individuals (UHNWIs) by Region for 2023
  • Younger Generation & Millennials Redefine and Drive Growth in Luxury Market
  • Personal Luxury Goods Market by Generation (in %) for 2023
  • Global Millennials Population Spread by Region: 2023
  • Millennial Population as a Percentage (%) of Total Population in Select Countries: 2023
  • NoTable Trends Impacting Global Luxury Goods Industry
  • Affordable Luxury to Influence Market Outlook
  • Rising Sales of Second Hand Luxury Goods
  • Global Personal Luxury Goods Market by New Sales and Resale (in %) for 2019 and 2023
  • Role of Digital Technologies in Shaping the Luxury Goods Market
  • Augmented Reality Transforms Luxury Retail Experience
  • Artificial Intelligence: Playing a Critical Part in Personalizing Shopping Recommendations
  • Luxury Watches: A Strong Growth Driver for the Watch Market
  • Luxury Watch Market in the US: Percentage Breakdown of Value Sales by Product for 2019 and 2025
  • Swiss Watches: The Primary Luxury Watch Category
  • Global Swiss Watch Exports: Percentage Breakdown of Export Value by Region for 2019
  • Online Channels: A Possible Way Out for Luxury Watchmakers
  • Global Luxury Watch Market: Percentage Breakdown of Sales by Distribution Channel for 2023
  • Luxury Footwear Designers Gain Traction
  • Affordable Luxury: Not just an Oxymoron in Footwear Space
  • Luxury, Premium Fragrances: Key Segment in Overall Fragrances & Perfumes Market
  • Pandemic Hurts Prospects of Luxury Apparel Brands
  • Resale of Luxury Apparel Gains Momentum
  • E-Commerce Retail Spurs Sales of Luxury Goods
  • Popular Luxury Brands Online: Percentage Share of Search Interest by Brand for 2023
  • Counterfeits: A Major Concern for the Luxury Goods Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Luxury Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Luxury Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Luxury Goods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Apparel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Apparel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Apparel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Cosmetics & Perfumes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Cosmetics & Perfumes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Cosmetics & Perfumes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Watches & Jewelry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Watches & Jewelry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Watches & Jewelry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Leather Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Leather Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Leather Goods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Offline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Offline by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Offline by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Luxury Goods Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Overview
  • Luxury Watches Market: Overview
  • Number of Millionaire Households in the US (in Millions) by Wealth for 2023
  • Swiss Make Luxury Watches Remain the Top Choice
  • Competition
  • US Luxury Watches Market: Percentage Breakdown of Sales by Company (2023)
  • Footwear Commands Major Chunk of Luxury Fashion Spending Online
  • US Footwear Market: Breakdown of Average Annual Per Capita Spends on Footwear by Region (In US$) for 2023
  • Luxury Shoe Club: A Trading Platform
CANADA
JAPAN
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Japanese Watchmakers Make a Push to Capture Share of Luxury Watches Market
CHINA
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Major Factors and Trends Influencing the Luxury Goods Market in China
  • China’s Young and Affluent Consumers Lead Growth of Luxury Watch Market
  • Increasing Affluence of Chinese Individuals: Wealth per Adult in US$ for the Years 2002, 2006, 2010, 2014, 2018 and 2022
  • Consumer Behavior and Purchasing Patterns in China
  • Increasing Demand for Swiss Luxury Watches in China
  • Players Modify Strategies to Benefit from China’s Faster Economic Recovery
EUROPE
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Pre-Owned Luxury Watches Market Gains Traction
FRANCE
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
  • Unrivalled Leader in Luxury Footwear
UNITED KINGDOM
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Green and Luxury Footwear Gain Traction
SPAIN
RUSSIA
  • Luxury Footwear Gains Lost Ground
REST OF EUROPE
ASIA-PACIFIC
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Luxury Footwear Market Heads for Healthy Gains
  • Luxury Watches Market in India: An Overview
  • Popularity of Luxury Watches Rises among Affluent Indians
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • Market Overview
IRANISRAELSAUDI ARABIA
UNITED ARAB EMIRATES
  • Luxury Watches: A High Potential Market
REST OF MIDDLE EAST
AFRICA
  • Luxury Goods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Benetton Group Srl
  • 3B International LLC
  • Absolument Parfumeur
  • Amouage Ltd.
  • Arabian Oud
  • Aspects Beauty Co., Ltd.
  • Beauty San SpA
  • Bond No. 9
  • Abercrombie & Kent USA, LLC
  • A.L.B Watches
  • Alexander Shorokhoff Uhrenmanufaktur GmbH
  • Auguste Reymond SA
  • Baume & Mercier
  • A. Favre & fils
  • Asprey London Limited

Table Information