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Strategy Briefing

Global Luxury Goods Trends Report

43 pages, Apr 2016

US$1,325

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About This Report

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

The global luxury goods industry in 2016 looks set to continue to rise only slowly, with headline growth remaining disappointing. The industry will face mounting risks this year with slowdowns in key emerging markets. At the same time, luxury brands and retailers will continue to seek ways to expand their portfolios driving up investment in “luxury experiences” and “lifestyle branding” as well as harnessing social media and tapping into the psyche of the new digital consumer.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Headline growth remains disappointing

The global luxury goods industry looks set to continue to rise only slowly, with headline growth remaining disappointing as the industry faces mounting risks

Divergence in key luxury markets

While the global industry is unlikely to witness stellar growth, there will be some tailwinds, with markets such as Mexico and India in much stronger positions.

India diamond in the rough

India is fast becoming one of the world’s major economic growth engines, with a rapidly growing population that is eager to spend. However, India still has major challenges to overcome to be a full-fledged luxury retail market

Hong Kong crisis

Once a lynchpin of growth, Hong Kong is forecast to be one of the luxury industry’s weakest performing market to 2020. A regional power shift in Asia is pushing shoppers and retailers to seek alternative growth hubs and luxury shopping destinations.

Luxury wearables on the horizon

By 2020, global sales of wearable electronics are forecast to be higher than luxury watches in value terms. The category is emerging as a pivotal battleground for affordable and mid-priced global brands.

A search for more meaningful luxury

The luxury goods industry has entered a new phase, where conspicuous consumption is giving way to more meaningful luxury experiences. Luxury brands and retailers have been seeking ways to expand their portfolios driving up investment in “luxury experiences” and “lifestyle branding”.

Luxury gets “phygital”

As competition within luxury goods brands intensifies, retailers are embracing new technology as a means to differentiate themselves and to enhance the shopping experience. As physical and digital shopping start to merge, retailers will increasingly be bringing internet functionality into their stores.

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Introduction

Scope luxury goods

Key findings

Luxury goods s ales in excess of US$317 billion and growing

Industry Overview

Where does luxury sit in overall retail spend?

Luxury goods to witness more geographic shifts across key regions

China focus of l uxury goods i nvestment, but for how m uch l onger?

Asia Pacific no l onger a s afe h aven of luxury growth

Is the honeymoon period over for Chinese luxury goods ?

India’s luxury goods market bucks the BRIC t rend

Category Dynamics

Designer apparel and footwear leads sales

Categories navigate their way through the headwinds

Luxury leather goods oriented towards wealthy tourists

The Battle for Global Wealth

Household wealth changing attitudes and purchasing habits

Global wealth shows no sign of slowing

Asia Pacific becomes a power base for global wealth

Change at the top as China’s wealth edges forward

Growth in HNWIs has implications beyond personal luxury goods

Global wealth underwriting luxury lifestyle trends

A Shifting Landscape for Travel

Love luxury shopping, will travel

Political developments e ncourage Chinese to change travel plans

All change please

Over-reliance on well-heeled tourists in developed markets continues

Outlook for Digital Luxury

The digital surge and innovation: Luxury goods’ silver lining?

Booming online retail markets led by China

Luxury e-commerce opportunity embraces the big and little fish

Online luxury goods retailing leaves plenty if room for improvement

Luxury consumers ready to shop and socialise on the move

An increasingly connected luxury consumer environment in 2015

Connected devices 2020: Creates new opportunities for luxury goods

More t ech coming to l uxury retailers near y ou

Mobile technology a must for luxury retailers

Future luxury shopper 2030

Report Definitions

Luxury goods definitions

Report definition and abbreviations

Why buy this report?

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Megatrends

Strategy Briefing

Global Luxury Goods Trends Report

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Headline growth remains disappointing

Divergence in key luxury markets

India diamond in the rough

Hong Kong crisis

Luxury wearables on the horizon

A search for more meaningful luxury

Luxury gets “phygital”

Want to find out more about this report?

Table of Contents

Introduction

Scope luxury goods

Key findings

Luxury goods s ales in excess of US$317 billion and growing

Industry Overview

Where does luxury sit in overall retail spend?

Luxury goods to witness more geographic shifts across key regions

China focus of l uxury goods i nvestment, but for how m uch l onger?

Asia Pacific no l onger a s afe h aven of luxury growth

Is the honeymoon period over for Chinese luxury goods ?

India’s luxury goods market bucks the BRIC t rend

Category Dynamics

Designer apparel and footwear leads sales

Categories navigate their way through the headwinds

Luxury leather goods oriented towards wealthy tourists

The Battle for Global Wealth

Household wealth changing attitudes and purchasing habits

Global wealth shows no sign of slowing

Asia Pacific becomes a power base for global wealth

Change at the top as China’s wealth edges forward

Growth in HNWIs has implications beyond personal luxury goods

Global wealth underwriting luxury lifestyle trends

A Shifting Landscape for Travel

Love luxury shopping, will travel

Political developments e ncourage Chinese to change travel plans

All change please

Over-reliance on well-heeled tourists in developed markets continues

Outlook for Digital Luxury

The digital surge and innovation: Luxury goods’ silver lining?

Booming online retail markets led by China

Luxury e-commerce opportunity embraces the big and little fish

Online luxury goods retailing leaves plenty if room for improvement

Luxury consumers ready to shop and socialise on the move

An increasingly connected luxury consumer environment in 2015

Connected devices 2020: Creates new opportunities for luxury goods

More t ech coming to l uxury retailers near y ou

Mobile technology a must for luxury retailers

Future luxury shopper 2030

Report Definitions

Luxury goods definitions

Report definition and abbreviations

Why buy this report?

Want to find out more about this report?

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