LONDON, Oct. 19, 2015 /PRNewswire/ -- About luxury goods
Luxury is defined as something that is not required but is highly desirable. It is mostly linked to wealthy individuals and is focused on providing sensory and pleasurable experiences. The meaning of luxury is very subjective in nature and, based on an individual's perception of the goods, it can be defined in different ways. Luxury goods are products that are given a high level of importance and are associated with affluence. Personal luxury goods include those luxury products that pertain to a single individual at a given point of time.
Technavio's analysts forecast the global personal luxury goods market to grow at a CAGR of 8.45% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global personal luxury goods market for 2015-2019. To calculate the market size, the report considers revenue generated from the sales of various personal luxury goods products in the market.
On the basis of type of product, the global personal luxury goods market has been segmented as follows:
- Luxury apparel (men's RTW and women's RTW)
- Luxury accessories (leather goods such as handbags, purses, wallets and belts, and shoes)
- Hard luxury (watches and jewellery)
- Luxury beauty (cosmetics and perfumes)
On the basis of mode of distribution, the global personal luxury goods market has been segmented as follows:
- Airport channel
- Department stores
- Monobrand stores
- Online channel
- Off-price stores
- Specialty stores
Technavio's report, Global Personal Luxury Goods Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, Americas, and MEA; it also covers the landscape of the global personal luxury goods market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key regions
- Americas
- APAC
- Europe
- MEA
Key vendors
- Compagnie Financiere Richemont
- L'Oreal Luxe
- Louis Vuitton
- Luxottica Group
- The Estee Lauder Companies
Other prominent vendors
- Chanel
- Hermes International
- Kering
- Prada
- Puig
- Rolex
- Salvatore Ferragamo
- Shiseido
- Swatch
- Titan
Key market driver
- Social media marketing and digital innovations
- For a full, detailed list, view our report
Key market challenge
- Counterfeit products
- For a full, detailed list, view our report
Key market trend
- Technology integration
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Download the full report: https://www.reportbuyer.com/product/1626950/
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SOURCE ReportBuyer
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