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Country Report

Luxury Leather Goods in

Luxury Leather Goods in India

16 pages, Feb 2018

US$990

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Executive Summary

New Report Guarantee

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

Consumers shifting towards fashion from functionality

Indian consumers have traditionally viewed bags as essential and practical accessories. However, this has started to change, with consumers increasing viewing their bags as luxury items and fashion statements which are worth paying extra attention to while purchasing.

Women continue to dominate sales

Women dominate sales within luxury leather goods in India for a number of reasons, such as the growing number of working women, rising disposable incomes, and the fact that the majority of luxury players are manufacturing women’s accessories in bulk. The fact that a higher percentage of women are working in the country means that they are able to spend more money on themselves.

Overseas purchases hindering local sales

Although demand for luxury goods remains at an all-time high among Indian consumers, there has been a recent dip in demand and sales owing to various stringent government measures to curb the black market. Demonetisation, display of PAN card, and higher luxury taxes are the three major deterrents to growth in the category.

COMPETITIVE LANDSCAPE

Indian brands making prominent space for themselves

Growing demand for luxury leather goods means that home-grown manufacturers have found a sustainable growth medium. A lucrative market, with highly positive growth opportunities, have allowed players to not only successfully establish themselves in the country, but also become known globally.

International players finding a sustainable sales base in the country

With demand for luxury leather goods increasing, many international players are now aiming for long-term growth. Apart from brands like Louis Vuitton, Burberry, Michael Kors, etc, which have already been present for some time, new players like Coach are also entering the country in search of profits.

Players attracting more consumers by offering affordable luxury

In response to strong growth, manufacturers are looking to expand their consumer bases. As a result, many luxury leather goods manufacturers are aiming to come up with a number of affordable luxury products.

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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

Consumers shifting towards fashion from functionality

Women continue to dominate sales

Overseas purchases hindering local sales

COMPETITIVE LANDSCAPE

Indian brands making prominent space for themselves

International players finding a sustainable sales base in the country

Players attracting more consumers by offering affordable luxury

CATEGORY DATA

Table 1 Sales of Luxury Leather Goods: Value 2012-2017
Table 2 Sales of Luxury Leather Goods: % Value Growth 2012-2017
Table 3 NBO Company Shares of Luxury Leather Goods: % Value 2012-2016
Table 4 LBN Brand Shares of Luxury Leather Goods: % Value 2013-2016
Table 5 Distribution of Luxury Leather Goods by Format: % Value 2012-2017
Table 6 Forecast Sales of Luxury Leather Goods: Value 2017-2022
Table 7 Forecast Sales of Luxury Leather Goods: % Value Growth 2017-2022

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

Luxury goods continues to register good growth in India

Growth driven by rise in number of consumers interested in luxury brands

Luxury car manufacturers dominate luxury goods value sales

Store-based retailing remains dominant channel for luxury goods

Demand for luxury goods expected to remain strong

MARKET INDICATOR

Table 8 Number of High Net Worth Individuals (HNWI): 2012-2017

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2012-2017
Table 10 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 12 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 13 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 15 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022

Megatrends

Country Report

Luxury Leather Goods in India

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Consumers shifting towards fashion from functionality

Women continue to dominate sales

Overseas purchases hindering local sales

COMPETITIVE LANDSCAPE

Indian brands making prominent space for themselves

International players finding a sustainable sales base in the country

Players attracting more consumers by offering affordable luxury

Overview

Why buy this report?

Samples (FAQs about samples):

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Table of Contents

Luxury Leather Goods in India - Category analysis

HEADLINES

PROSPECTS

Consumers shifting towards fashion from functionality

Women continue to dominate sales

Overseas purchases hindering local sales

COMPETITIVE LANDSCAPE

Indian brands making prominent space for themselves

International players finding a sustainable sales base in the country

Players attracting more consumers by offering affordable luxury

CATEGORY DATA

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

Luxury goods continues to register good growth in India

Growth driven by rise in number of consumers interested in luxury brands

Luxury car manufacturers dominate luxury goods value sales

Store-based retailing remains dominant channel for luxury goods

Demand for luxury goods expected to remain strong

MARKET INDICATOR

MARKET DATA

SOURCES

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