Jan 10, 2017 the dow might be strong, but personal luxury spending is not following suit. The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in fy2016 which we define as financial years ending within the 12 months to 30 june 2017. The global luxury market comprises 10 segments, including personal luxury goods, luxury cars, luxury hospitality, luxury cruises, designer furniture, fine food, fine wines and spirits, yachts, private jets and fine art. The largest sector in this category was luxury drinks, including premium whisky, champagne, and cognac. Global powers of luxury goods deloitte global consumer. Fashion and luxury brands have proved to be resilient over the course of the downturn in recent times, but now many brands are subject to higher growth expectations and in a more competitive market. Global luxury goods market report 20 edition by market. The global luxury goods industry 2016 market research report is a professional and indepth study on the current state of the luxury goods industry. Feb, 2020 sales share of the luxury goods market worldwide 2007 20, by gender leading personal luxury goods cities 2015 online luxury goods sales breakdown by product category worldwide 2015.
Luxury goods report 2019 get the report with graphs and tables on. Worldwide luxury markets approaching the trillion in 2014. The global luxury goods market has significantly benefited from the economic growth in. Personal luxury goods market size analysis trends and. Both bain and at kearney forecast the indian luxury market to grow by 2030% per year for the next few years. Global personal luxury goods industry 2015 market research report. Luxury goods worldwide market study, fall winter 2017. Bain analysis 15% 14% growing luxury spend outside of mainland china, up to 67% of total spend in 20 increasing growth of overseas spendingcontinued wide price gap due to chinese tax and tariff policyrmb continue to be strong, with favorable exchange rates when. Indeed, the travel sector grew faster than luxury goods by at least. The world is changing faster than ever and the luxury goods landscape is experiencing a period of rapid globalisation and disruption. According to verified market research, the global luxury resale market was valued at usd 16. Our reports feature a wealth of standardised and crosscomparable statistics including total market sizes, market share and share data, distribution and industry trends. Including but not limited to industries such as automobiles, jewelry and watches, clothing and accessory apparel, cosmetics, wines and spirits, fragrances, and travel goods have been on an upward. High demand for apparels and leather goods to fuel market growth.
This increased growth increases the consumption of luxury goods among the burgeoning upper and middleclass groups. The expectations of luxury business have changed exponentially over the last 10 years and continue to be driven by shifting market frontiers, middle class retreat, ethical living, wellness trends, connected. These types of pressures are creating common traps for luxury brands to fall into such as taking riskier, rapidfire bets to capture growth. Sales share of the luxury goods market worldwide 2007 20, by gender sales of the luxury goods industry in selected countries 2015 u. Global luxury goods worldwide market study 9th edition. But luxury firms have to balance evolving demand against brand sensibilities, a targeted geographic presence and the risk of overexposure.
Luxury goods worldwide market study, fall winter 2016 as luxury resets to a new normal. Luxury goods market global industry analysis, size. Luxury goods market by product type, mode of sale and. The key players in this market are wellestablished brands such as louis vuitton, hermes, gucci, chanel, rolex, and cartier. May 24, 2018 may 24, 2018 heraldkeeper via comtex luxury goods industry. It suggests why luxury goods companies should be aware of the changes brought about by the new affluent class of customers. The global luxury goods market is prophesied to rise at 3. Framework of the study global personal luxury goods market. Worldwide personal luxury goods market trend 20092011e, b 4 no slow down expected for the 2011 holiday season 2010 173 2011e 189 worst scenario. Bain survey of luxury goods consumer s in mainland china 20 n1,400. Executive summary the luxury goods market continues to shine. A study on why luxury goods sell and their effects on. But with new, interesting and differentiating pillars of the next gen luxury.
The report also provides an outlook on the global economy. You can also get my analysis of the 10th bain luxury goods worldwide market study from october 2011. The united states has been the largest regional market for luxury goods and is estimated to continue to be the leading personal luxury goods market in 20, with a value of 62. Global powers of luxury goods 2016 disciplined innovation. Global powers of luxury goods 2018 shaping the future of. May 24, 2018 heraldkeeper via comtex luxury goods industry.
Luxury goods worldwide market study, fallwinter 2016 as. The overall market grew at 4% in 2016, to an estimated 1. They can count on strong growth, albeit from a low base. Luxury goods worldwide market study, 2011 10th edition. According to verified market research, the global personal luxury goods market was valued at usd 78. Luxury cars accelerating in 2014 with the supercar segment still outperforming. Luxury goods market market trends and research insights by 2027. One factor acting in favour of luxury firms is the liberalisation of foreign investment in single brand.
The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. In a twist, an additional factor driving the growth in the americas is luxury spending by the increasing number of chinese now visiting in western cities in the u. The luxury market returns to healthy growth fhh journal. By contrast, apparel is now a quarter of the market, growing at 1%. The biggest problem is that there is no good definition of what the luxury goods market actually comprises. Demand for luxury goods in a world of income disparities. That slower pace is, however, more sustainable, and it reflects the new normal for lux. The market is segmented based on product type, gender, mode of sale and geography. Study point to 5% increase in luxury goods in 2017. Burberry group plc in luxury goods market research. Bain and companys the 2012 luxury goods worldwide market study states for instance that oneinfour. Todays will cover the present structure of the luxury goods market and the effect of the great recession on it.
After stagnation in 2016, normality returns to the overall luxury market which grew by 5% in 2017 to reach an estimated 1. While the china market as a whole boomed, the opposite was true for hong kong, once a powerhouse for luxury goods buying. Seventysix percent of the companies reported growth in their luxury sales, with nearly half of these recording doubledigit yearonyear growth. Purchase the burberry group plc in luxury goods company profile as part of our luxury goods market research for july 2018. Market size of the global personal luxury goods market 2019, by product largest global luxury jewelry markets from 2016 to 2021, by selected country largest global. Global luxury goods industry 2016 market research report. This demographic market analysis can assist with two main objectives. These goods are mostly considered as status symbols for individuals.
China luxury market booms on better pricing caixin global. Bain luxury goods worldwide market study spring 2019. A keen eye for changes ahead and the ability to adapt business models and pricing structures to match will be crucial for luxury brands to stay afloat. Luxury goods worldwide market study, 2011 10th edition, october 2011. The global luxury goods market is segmented on the basis of product into.
Luxury goods market on core categories market definition as per bain luxury study 2017 may18 restated new personal luxury goods market1 excluding artdelatable now included into highquality design and homeware and other residual categories global personal luxury goods market restatement personal luxury goods market b. Global powers of luxury goods 2015 engaging the future. Household income growth in emerging markets is driving strong demand for luxury goods. Euromonitor international is the leading provider of strategic market research reports. Luxury goods market there is no definitive source to determine the size of the global luxury goods market. Com adds luxury goods market demand, growth, opportunities and analysis of top key player forecast to. Our fall winter 2018 luxury goods worldwide market study highlights seven trends that will shape the.
Altagamma 2015 worldwide markets monitor claudia darpizio milan, 29th october 2015. Luxury daily, the world s leading luxury business publication, and unity marketing, a market research firm specializing in the luxury market and affluent consumer segment, are. The global personal luxury goods market reached in 2018 a new normal pattern of growth, confirmed also for the current year and the short term up to 2025. Luxury goods economist world news, politics, economics. Mainland china luxury sales, 20 2015 218 224 253 7% 3% 3% 12% 3% % 0% 2% 4% 6% 8% 10% 12% 14% 200 210 220 230 240 260 20 2014 2015 sales billion euros yoy growth at constant exchange rate yoy growth at current exchange rate global luxury sales, 20 2015 source. Luxury goods in europe get the report with graphs and tables on. China has become an economic powerhouse in recent years and continues on a fastgrowth pace. Written by ekaterina dubinina executive summary this report focuses on luxury goods industry, which has been growing rapidly over the past few decades due to the economic growth of developing countries.
World market for luxury goods market research report. Nov 07, 20 20 luxury goods worldwide market report 1. The luxury markets are analysed by looking at demand and supply with specific indepth analysis and forecasts on consumption, consumer. Global personal luxury goods market size and forecast. The report discusses the trends and issues that are driving the luxury industry. From familyowned business to global luxury goods powerhouse july 16, 2012 05. Euromonitor, deloitte global powers of luxury goods 2014, economist special report luxury goods 2014 9% 19% 25% 2008 20 2020 % luxury market from asia pacific, latin america, and the middle east and africa. Luxury goods market by product type, mode of sale and region. Global personal luxury goods industry 2015 market research report report is published on november 26, 2015 and has 125 pages in it. Global powers of luxury goods 2018 deloitte united states. The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in financial year 2014 which we define as financial years ending within the 12 months to 30 june 2015.
Altagamma is the global landmark for the understanding of the luxury market. Global luxury resale market by product, by distribution. The luxury goods market consumer goods and retail analysis. At the same time, the luxury market is becoming more complex chan et al. Every year the foundation releases eight researches conducted in partnership with some of the most prestigious international partners. Luxury goods market 2018 global analysis, opportunities and. Spending on personal luxury goods is set to fall 20% to 6 billion euros for the year, according to the report. Luxury goods are highvalue products in terms of price and quality. According to bain and companys recent luxury goods worldwide market study 2011, the sales of luxury goods bounced back in 2010, and a 10 percent increase in the sales of luxury goods was expected in 2011. Luxury goods have more than the necessary and ordinary characteristics compared to other products of their category. Luxury goods worldwide market study fallwinter 2014.
Scribd is the world s largest social reading and publishing site. The figure first fell into negative territory in 20 and has contracted on average by 5% each year between then. Propelled by chinese tourism and new store openings, the americas region surpasses china. While the increase in the number of luxury goods in china may be accounted to the fact that china is. Indeed, the travel sector grew faster than luxury goods by at least 5 percentage. Luxury goods market 2018 global analysis, opportunities. In addition, bains luxury goods worldwide market study finds accessories, including leather goods and shoes, have definitively become the largest segment, growing 4% for 20 to reach 28% of total revenues. Major trends affecting growth in luxury market industry. Here, we dissect the report in detail to present the six key insights luxury brands need to know. Value of the global luxury goods market 2019 statista. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. In fact, sales surpassed their precrisis peak in 2011, two years earlier than we anticipated. Luxury spending is down, while global instability is up.
359 307 114 568 1037 305 1045 1070 1330 1163 1380 925 573 1444 159 526 101 613 1356 1492 404 762 1196 1424 1171 1480 131 460 672 655 1232 1291 478 513