Global Luxury Goods Markets Factbook 2018-2023 & 2023-2028 Featuring LVMH, Kering, Richemont, PVH, Hermes, Chanel, EssilorLuxottica, Chow Tai Fook Jewelry, Estee Lauder, L’Oreal SA.

Global Luxury Goods Markets Factbook 2018-2023 & 2023-2028 Featuring LVMH, Kering, Richemont, PVH, Hermes, Chanel, EssilorLuxottica, Chow Tai Fook Jewelry, Estee Lauder, L’Oreal SA.

DUBLIN, April 21, 2023 /PRNewswire/ — The “Global Luxury Goods Market Factbook (2023 Edition) – Analysis By Product Type, Gender, Sales Channel, By Region, By Country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)” report has been added to ResearchAndMarkets.com’s offering.

The Global Luxury Goods Market attained a market value of USD 262.66 Billion in 2021 and is expected to grow at a CAGR of 5.63 % during the forecast period of 2023-2028.

The demand for Luxury Goods is influenced by the increasing purchasing power of High Net Worth Individuals and Ultra High Net Worth Individuals. Authenticity, prestige and exclusivity are key factors responsible for the significant growth of luxury goods. Further, the market for luxury goods is being driven by Millennials and Gen Z, who are heavily influenced by the status quo and social media influencers.

According to Capgemini’s World Wealth Report 2022, the High Net Worth Individuals population expanded by 7.8% and global wealth expanded by 8% in the year 2021. Consequently, the demand for luxury goods is witnessing an upward shift across developed nations such as the United States and Western European countries. However, Asia-Pacific acquires the largest share and is expected to grow at the fastest rate at a CAGR of 6.56%.

The increasing average ratio of wealth from women to men’s wealth is boosting the demand for women’s luxury goods such as handbags, cosmetics, perfumes and footwear. Furthermore, luxury beauty brands are growing rapidly as the beauty industry grows and the demand for premium cosmetics rises. However, Luxury clothing and footwear continue to hold a prominent position in the market throughout the forecast period.

Luxury goods companies are attempting to use technology to create eco-friendly advanced materials. Luxury brands are also focusing on the High earners Not rich yet (HENRY) group which is likely to gain substantial wealth in the future and become important buyers.

Scope of the Report

  • The report analyses the Luxury goods Market by Value (USD Billion).
  • The report presents the analysis of the Luxury goods market for the historical period of 2018-2021, the base year 2022 and the forecast period of 2023-2028.
  • The report analyses the Luxury goods Market by Product Type (Bags and Accessories, Jewelry and Watches, Cosmetics and Fragrances, Clothing and Footwear, Other Product Types).
  • The report analyses the Luxury goods Market By Gender (Men, Women).
  • The report analyses the Luxury goods Market By Sales Channel (Branded Stores, Specialty Stores, Online Channels).
  • The Global Luxury goods Market has been analysed by countries (United States, Canada, Brazil, Germany, UK, France, Italy, Spain, Switzerland, China, Japan, India, South Korea, Australia, GCC).
  • The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by component, by vehicle.
  • Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
  • The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include 

Key Target Audience:

  • High Net Worth Individual
  • Luxury Goods Companies
  • Luxury Goods Designers
  • Investment Banks and Equity Firms

Key Topics Covered:

1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology

2. Strategic Recommendations

3. Global Luxury Goods Market: Historic and Forecast (2018-2028 )
3.1 Impact Analysis of Macro Economic Factors on Luxury Goods Market
3.2 Global Luxury Goods Market: Additional Pointers
3.3.1 Global Luxury Goods Market: Brand Ownership Matrix of Top 15 Luxury Goods Companies
3.3.2 E-Commerce Models of Top Luxury Goods Companies
3.3.3 Product Wise Company Positioning in Leading Countries
3.3.4 Latest Brands/Companies in Luxury Goods Market
3.3 Global Luxury Goods Market: Dashboard
3.4 Global Luxury Goods Market: Market Size and CAGR, 2018-2028 (USD Billion & CAGR)
3.5 Impact of COVID-19 on Luxury Goods Market
3.6 Global Luxury Goods Market Segmentation : By Product Type
3.6.1 Global Luxury Goods Market, By Product Type Overview
3.6.2 Global Luxury Goods Market Size, By Bags and Accessories, By Value, 2018H-2028F (USD Billion & CAGR)
3.6.3 Global Luxury Goods Market Size, By Jewelry and Watches, By Value, 2018H-2028F (USD Billion & CAGR)
3.6.4 Global Luxury Goods Market Size, By Cosmetics and Fragrances, By Value, 2018H-2028F (USD Billion & CAGR)
3.6.5 Global Luxury Goods Market Size, By Clothing and Footwear, By Value, 2018H-2028F (USD Billion & CAGR)
3.6.5 Global Luxury Goods Market Size, By Other Product Type, By Value, 2018H-2028F (USD Billion & CAGR)
3.7 Global Luxury Goods Market Segmentation : By Gender
3.7.1 Global Luxury Goods Market, By Gender Overview
3.7.2 Global Luxury Goods Market Size, By Men, By Value, 2018H-2028F (USD Billion & CAGR)
3.7.3 Global Luxury Goods Market Size, By Women, By Value, 2018H-2028F (USD Billion & CAGR)
3.8 Global Luxury Goods Market Segmentation : By Sales Channel
3.8.1 Global Luxury Goods Market, By Sales Channel Overview
3.8.2 Global Luxury Goods Market Size, By Branded Stores, By Value, 2018H-2028F (USD Billion & CAGR)
3.8.3 Global Luxury Goods Market Size, By Specialized Stores, By Value, 2018H-2028F (USD Billion & CAGR)
3.8.3 Global Luxury Goods Market Size, By Online Channel, By Value, 2018H-2028F (USD Billion & CAGR)

5. Americas Luxury Goods Market: Historic and Forecast (2018-2028)

6. Europe Luxury Goods Market: Historic and Forecast (2018-2028)

7. Asia Pacific Luxury Goods Market: Historic and Forecast (2018-2028)

8. Middle East & Africa Luxury Goods Market: Historic and Forecast (2018-2028)

9. Market Dynamics
9.1 Impact assessment of Market Dynamics on Global Luxury Goods Market
9.2 Drivers
9.3 Restraints
9.4 Trends

10. Industry Ecosystem Analysis
10.1 Macro-Economic Factor Assessment
10.2 Value Chain Analysis
10.3 Porter’s Five Forces Model

11. Competitive Positioning
11.1 Companies’ Product Positioning
11.2 Market Position Matrix
11.3 Market Share of Leading Luxury Goods Brands: By Product Type
11.4 Market Share of Leading Luxury Goods Brands: By Country
11.5 Market Share Analysis of Luxury Goods Market
11.6 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/bh1tss

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets 
Laura Wood, Senior Manager 
[email protected]  

For E.S.T Office Hours Call +1-917-300-0470 
For U.S./CAN Toll Free Call +1-800-526-8630 
For GMT Office Hours Call +353-1-416-8900 

U.S. Fax: 646-607-1907 
Fax (outside U.S.): +353-1-481-1716

Logo: http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets

Originally published at https://www.prnewswire.com/news-releases/global-luxury-goods-markets-factbook-2018-2023–2023-2028-featuring-lvmh-kering-richemont-pvh-hermes-chanel-essilorluxottica-chow-tai-fook-jewelry-estee-lauder-loreal-sa-301803976.html
Some images courtesy of https://pixabay.com