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Country Report

Luxury Leather Goods in

Luxury Leather Goods in India

14 pages, Feb 2019

US$990

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Executive Summary

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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!

PROSPECTS

Luxury travel goods leads growth on the back of the rise in international trips

During the review period, women’s luxury bags and small leather goods held the highest share of value sales in overall luxury leather goods. This is primarily because the audience for the luxury leather goods portfolios of brands such as Louis Vuitton, Hermès, Gucci and Burberry is women.

Affordable luxury brands are gaining popularity amongst younger consumers

Affordable luxury brands gained more prominence in recent years in comparison with traditional luxury brands. Previously, only products from luxury brands such as Chanel, Gucci, Salvatore Ferragamo and Louis Vuitton were available in the country.

The personalisation of luxury leather goods, although niche, is promising

The personalisation of luxury leather goods is relatively niche in India, but has the potential to grow in the future. Given the high unit prices of luxury leather goods in the country, the majority of consumers continue to be hesitant to customise, as this incurs additional charges.

COMPETITIVE LANDSCAPE

International brands continue to dominate luxury leather goods

Five international brands, Louis Vuitton, Hermès, Gucci, Burberry and Bottega Veneta, together accounted for over 40% of retail value sales of luxury leather goods in 2017. Their strong brand recognition and high unit prices led to increasing value sales during the review period.

Expansion of the product range to men

Due to rising fashion-consciousness amongst men, international brands such as Burberry and Loewe are now also expanding their product portfolios to cater to this consumer group. This reflected in men’s luxury bags and small leather goods seeing the second-highest retail current value growth in luxury leather goods in 2017, and this is expected to continue in the forecast period.

Companies introduce affordable luxury lines to expand the consumer base

The Goods and Services Tax implemented in July 2017 brought luxury leather goods under the highest tax slab of 28%. The effective tax incidence prior to GST was around 18%, resulting in a 10% increase after the new tax regime.

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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.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Leather Goods industry in India with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Leather Goods industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Leather Goods in India market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Leather Goods in India?
What are the major brands in India?
How dynamic is the growth of Luxury Leather Goods internet sales?
What is driving growth?

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 function

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Luxury Leather Goods in India - Category analysis

HEADLINES

PROSPECTS

Luxury travel goods leads growth on the back of the rise in international trips

Affordable luxury brands are gaining popularity amongst younger consumers

The personalisation of luxury leather goods, although niche, is promising

COMPETITIVE LANDSCAPE

International brands continue to dominate luxury leather goods

Expansion of the product range to men

Companies introduce affordable luxury lines to expand the consumer base

CATEGORY DATA

Table 1 Sales of Luxury Leather Goods: Value 2013-2018
Table 2 Sales of Luxury Leather Goods: % Value Growth 2013-2018
Table 3 NBO Company Shares of Luxury Leather Goods: % Value 2013-2017
Table 4 LBN Brand Shares of Luxury Leather Goods: % Value 2014-2017
Table 5 Distribution of Luxury Leather Goods by Format: % Value 2013-2018
Table 6 Forecast Sales of Luxury Leather Goods: Value 2018-2023
Table 7 Forecast Sales of Luxury Leather Goods: % Value Growth 2018-2023

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

Growth slows as luxury goods faces multiple challenges

Affordable luxury products are key to tap into the younger consumer group

Fragmentation is prevalent in the competitive landscape

Store-based retailing maintains its dominance

Luxury goods is expected to continue its positive performance

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Leather Goods in India

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Luxury travel goods leads growth on the back of the rise in international trips

Affordable luxury brands are gaining popularity amongst younger consumers

The personalisation of luxury leather goods, although niche, is promising

COMPETITIVE LANDSCAPE

International brands continue to dominate luxury leather goods

Expansion of the product range to men

Companies introduce affordable luxury lines to expand the consumer base

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

Luxury Leather Goods in India - Category analysis

HEADLINES

PROSPECTS

Luxury travel goods leads growth on the back of the rise in international trips

Affordable luxury brands are gaining popularity amongst younger consumers

The personalisation of luxury leather goods, although niche, is promising

COMPETITIVE LANDSCAPE

International brands continue to dominate luxury leather goods

Expansion of the product range to men

Companies introduce affordable luxury lines to expand the consumer base

CATEGORY DATA

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

Growth slows as luxury goods faces multiple challenges

Affordable luxury products are key to tap into the younger consumer group

Fragmentation is prevalent in the competitive landscape

Store-based retailing maintains its dominance

Luxury goods is expected to continue its positive performance

MARKET INDICATORS

MARKET DATA

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