Luxury Good Market Research Report by Product (Accessories, Cosmetics & Beauty Products, and Designer Apparel & Footwear), by Mode of Sale (Online and Retail), by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2026 - Cumulative Impact of COVID-19
The Global Luxury Good Market size was estimated at USD 250.24 Billion in 2020 and expected to reach USD 262.27 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 5.14% from 2020 to 2026 to reach USD 338.14 Billion by 2026.
Market Statistics: The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.
Market Segmentation & Coverage: This research report categorizes the Luxury Good to forecast the revenues and analyze the trends in each of the following sub-markets:
Based on Product, the Luxury Good Market was studied across Accessories, Cosmetics & Beauty Products, Designer Apparel & Footwear, Fine Wines/champagne & Spirits, Jewelry, and Travel Goods.
Based on Mode of Sale, the Luxury Good Market was studied across Online and Retail.
Based on Geography, the Luxury Good Market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific is further studied across China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
Cumulative Impact of COVID-19: COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Competitive Strategic Window: The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix: The FPNV Positioning Matrix evaluates and categorizes the vendors in the Luxury Good Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis: The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Company Usability Profiles: The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Luxury Good Market, including Compagnie Financière Richemont SA, Kering SA, Luxottica Group S.p.A., LVMH Group, L’Oréal Group, Ralph Lauren Corporation, Shiseido Company, Limited, Shiseido Company, Ltd., Swatch Group Ltd., and The Estee Lauder Companies Inc..
The report provides insights on the following pointers: 1. Market Penetration: Provides comprehensive information on the market offered by the key players 2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets 3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments 4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players 5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as: 1. What is the market size and forecast of the Global Luxury Good Market? 2. What are the inhibiting factors and impact of COVID-19 shaping the Global Luxury Good Market during the forecast period? 3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Luxury Good Market? 4. What is the competitive strategic window for opportunities in the Global Luxury Good Market? 5. What are the technology trends and regulatory frameworks in the Global Luxury Good Market? 6. What is the market share of the leading vendors in the Global Luxury Good Market? 7. What modes and strategic moves are considered suitable for entering the Global Luxury Good Market?
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39 pages •
By Euromonitor International
• Jul 2019
Ranked second in global designer apparel and footwear, Ralph Lauren Corp ramped up its marketing investment to celebrate its 50th anniversary in 2018. However, years of discounting have already had a detrimental effect on brand image. Meanwhile, luxury rivals Kering and PVH are soaring in popularity and quickly catching up. This profile analyses...
40 pages •
By Euromonitor International
• Jul 2018
Burberry Group is a UK heritage luxury brand and digital innovator. The company is in the midst of re-energising the brand, with changes in management, and a new strategic direction announced in November 2017. Burberry is focusing on long-term goals with its 5-year strategy, and has promising growth prospects, with a positive outlook for luxury...
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