Global Personal Luxury Goods Market 2021-2025

The publisher has been monitoring the personal luxury goods market and it is poised to grow by $ 33.53 bn during 2021-2025, progressing at a CAGR of almost 3% during the forecast period. The report on personal luxury goods market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased demand for premium beauty products and cosmetics and increasing demand for affordable luxury goods. In addition, increased demand for premium beauty products and cosmetics is anticipated to boost the growth of the market as well.

The personal luxury goods market analysis includes product segment and geographical landscapes.

The personal luxury goods market is segmented as below:

By Product

• Accessories
• Apparel
• Hard luxury
• Cosmetics
• Others

By Geographical Landscapes

• APAC
• North America
• Europe
• MEA
• South America

This study identifies the influence of different marketing strategies on customers purchase decisions as one of the prime reasons driving the personal luxury goods market growth during the next few years.

The report on personal luxury goods market covers the following areas:

• Personal luxury goods market sizing
• Personal luxury goods market forecast
• Personal luxury goods market industry analysis

The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading personal luxury goods market vendors that include Coty Inc., Hermès International, Kering SA, LOreal SA, LVMH Moet Hennessy Louis Vuitton, PRADA Group, Ralph Lauren Corp., Compagnie Financière Richemont SA, Rolex SA, and The Estee Lauder Companies Inc. Also, the personal luxury goods market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.