Global Luxury Goods Market Valued at USD 214.5 Billion in 2015 Anticipated to Grow at a CAGR of 4.0% During 2016-2024 |
Posted: June 20, 2018 |
According to Goldstein Research, global luxury goods market is expected to reach USD 295.7 billion by 2024 from USD 214.5 billion in 2016, growing at a CAGR of 4.0% over the forecast period 2016-2024. Growing high net worth income (HNWI) of people across the globe is one of the major factors driving the growth of luxury goods market. Global HNWI value is expected to reach USD 100 trillion by the end of 2025. Global luxury goods market segmentation has been done on the basis of product type, distribution channel and geography. Wearable accessories contribute the major share in the luxury goods market followed by the designer apparels and beauty products. Global luxury goods industry is largely dominated by North America with 34% revenue share in total market. North America is closely followed by the Europe with 32% share in global luxury goods market. Europe's luxury good market is growing on the back of high net worth income of people in the region. Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/luxury-goods-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024 Market SegmentationOn the basis of our in-depth analysis, Global Luxury Goods Market can be segmented as follows: By Product Type
By Distribution Channels
By Region
Browse Full Report: https://www.goldsteinresearch.com/report/luxury-goods-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024 “Global Luxury Goods Market Outlook 2024” contains detailed overview of the global luxury goods market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type and distribution channel. Further, for the in-depth analysis, Global Luxury Goods Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as LVMH, Luxottica Group, Kering SA, The Swatch Group Ltd., Ralph Lauren corporation, Hermes International Group, L'Oreal Luxe, Rolex SA, Prada Group, Burberry Group plc, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global luxury goods market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. About Goldstein ResearchBased in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our industry analysis reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on consumer goods industry analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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