UAE Luxury Goods Market was valued at USD 2,977.69 Million in 2020 and is projected to register a CAGR of 7.17% during the forecast period, 2021-2026. As luxury products market was mostly reliant on offline retail stores, with the onset of COVID-19, players realized the disadvantages of having only brick and mortar as the sales channel....
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Global Luxury Goods Market, By Type (Jewelry & Watches, Clothing & Footwear, Bags & Accessories, Cosmetics & Fragrances), By Distribution Channel (By Distribution Channel (Exclusive Stores, Airports, E-Commerce, Specialty Store & Others (Departmental Stores, Hypermarket/Supermarket, Multi-Branded Stores etc.)), By Region, Competition,...
The Europe secondhand luxury goods market grew at a CAGR of around 6% during 2015-2020. Looking forward, the analyst expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence...
The GCC personal luxury goods market exhibited moderate growth during 2015-2020. Personal luxury goods refer to the high-end and premium items, including apparel, watches, jewelry, cosmetics, bags, fashion accessories, etc. These branded products offer premium quality materials, superior craftsmanship, and high-value...
The global secondhand luxury goods market exhibited strong growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of 10.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the...
Executive Summary Global Accessible Luxury Goods Market was valued at USD 137.8 billion in the year 2019. Escalating urban population with growing access to internet with government taking various initiatives in order to make internet accessible to everyone coupled with rapidly surging smartphones penetration with various...
Global Personal Luxury Goods Market 2021-2025 The analyst 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. Our report on personal luxury goods market provides a holistic analysis, market size and forecast,...
The GCC luxury market is currently being catalysed by rising economic growth, a large young population, strong growth of the tourism sector, and an increasing penetration of ecommerce and social media. The GCC luxury market reached a value of US$ 11.4 Billion in 2020. In a region made affluent from strong oil...
Global Luxury Fashion Goods Retailing, 2019-2024 Summary This report provides an overview of the global luxury fashion retailing which includes key trends, key retail innovations, regional and sector analysis along with major luxury fashion retailers and competitive land scape In 2020,...
Thailand is one of the most urbanized societies, with a population of nearly 66 million, of which, about 50.5% comprises of the urban population. Thailand is the second largest economy in Southeast Asia. The capital city of Bangkok is a social hub of Thailand, with a flourishing retail industry market. It fascinated not only Thai residents,...
Executive Summary The Global Luxury Jewelry Market was valued at USD 46.52 billion in the year 2021. Global Luxury Jewelry Market witnessed healthy growth during the historical period, on account of a significant increase in disposable income of consumers across the globe. Major factors driving sales of Luxury Jewelry products...
The Saudi Arabia luxury market reached a value of US$ 7.41 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 14.24 Billion by 2027, exhibiting a CAGR of 11.72% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence...
Global Luxury Packaging Market 2021-2025 The analyst has been monitoring the luxury packaging market and it is poised to grow by $ 4.49 bn during 2021-2025, progressing at a CAGR of 5.45% during the forecast period. Our report on the luxury packaging market provides a holistic analysis, market size and forecast, trends,...
Champagne Market by Price Point (Economy, Mid-range, and Luxury) and Distribution Channel (Supermarket/Hypermarket, Specialty Stores, On Trade, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 Champagne is a sparkling wine produced from specific types of grapes. This alcoholic beverage is produced...
Executive Summary The Global Branded Jewellery Market was valued at USD 284.23 Billion in the year 2020. With the increased disposable income in highly populated countries such as China and India, the growth rate of Branded Jewellery market is increasing and is expected to grow further in upcoming years. There is a major...
Luxury Footwear: Market Size From $34.01 billion in 2020, the global Luxury Footwear Market is projected to reach $61.11 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 7.6% from 2020 - 2028 timeframe. Some of the prominent trends that the market is witnessing include rising...
Luxury furniture enhances the aesthetic value of establishments, such as homes, hotels, offices, and other indoor or outdoor areas. The US luxury furniture market significantly benefits from the economic growth of the country. The rise in consumers’ spending power and high demand for housing are the primary growth drivers of the luxury furniture...
The Global Luxury Footwear Market size is expected to reach $46.8 billion by 2026, rising at a market growth of 11.8% CAGR during the forecast period. Luxury footwear is a category of luxury goods. It is referred to the footwear products that are usually accompanied by wealthy or rich people. The demand for these luxurious goods rises proportionally...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Luxury Fashion Market Report The luxury fashion market size was valued at USD 110.64 billion in 2020 and is expected to reach USD 153.97 billion by 2026 growing at a CAGR of 5.66%. The online sales of luxury fashion are expected to witness...
The UAE luxury market exhibited strong growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of 8.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different...
In this half-year (H1-2021) update briefing, we investigate the latest developments in the global luxury goods industry, with a focus on the macro-economic and demographic changes and what these mean for our view of a likely outlook in the short to medium term. Whilst the luxury goods industry is not immune to the effects of the COVID-19 pandemic...
Despite ongoing travel restrictions, inflation, and supply chain concerns, the global Luxury Goods industry continues to register a strong recovery of value sales. Now, to meet pent-up demand and maintain competitiveness post-pandemic, iconic brands are increasingly employing digital sales and marketing tools, launching new product collections,...
Global Rings Market 2020-2024 The analyst has been monitoring the global rings market and it is poised to grow by USD 45.26 mn during 2020-2024, progressing at a CAGR of 7% during the forecast period. Our reports on global rings market provides a holistic analysis, market size and forecast, trends, growth drivers,...
The luxury goods market showed signs of recovery in 2021, after being negatively impacted in 2020 by the COVID-19 pandemic. Luxury spending shifted from experiences to experience-based goods. Luxury products were first to recover to their 2019 levels as opposed to luxury experiences, which remained below pre-pandemic levels. E-commerce was...
Global Clutch Bag Market: About this market This clutch bag market analysis considers sales from both offline and online distribution channels. Our study also finds the sales of the clutch bag in APAC, Europe, MEA, North America, and South America. In 2019, the offline segment had a significant market share, and this trend...
In the Voice of the Industry series, the analyst connects with industry professionals to explore trends and innovations. This report focuses on the Luxury Goods industry, drawing on a survey of over 300 professionals working in luxury goods in over 40 countries around the world. Voice of the Industry: Luxury Goods 2021 global briefing...
Competitor strategies across the luxury goods landscape have been evolving in recent years under the impact of digitalisation and changing consumer values. The impact of the global coronavirus pandemic however has weighed heavily on luxury corporates and the lack of certainty accompanied by a recessionary consumer mindset threatens to delay...
Unlike most of the non-urgent consumer goods industries (such as mainstream apparel and footwear or personal accessories), luxury goods went against the negative results of COVID-19 in 2020. Relying on the strong purchasing power of affluent consumer groups, the industry attracted buyers into consuming with even more eagerness due to the closed...
In the years prior to the pandemic, the performance of luxury goods depended largely on tourists. However, since 2020 luxury brands in Australia have had to rely purely on local consumers, given the country’s borders were closed from March 2020 as a result of COVID-19. All arrivals of non-residents to Australia stopped, which significantly...