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Strategy Briefing
World Market for Luxury Goods
60 pages, Mar 2018
US$1,325Added to Cart
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About This Report
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!
This report explores the changing luxury goods industry which is facing many new challenged today. Aside from the far-reaching geo-political changes taking place, we are also facing major shifts in consumer expectations with decision-making increasingly being influenced and driven by emotion. Whilst it is true that consumer desires vary depending on the individual, culture and income there has been a fundamental change in values towards a need for luxury experiences rather than “things”.
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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.
Affordable luxury
As lower income consumers trade up and the middle class continues to be squeezed, the affordable luxury segment is expected to keep evolving to become a fully self-contained segment on its own. Significantly higher unit prices and a considerably wider consumer base are enticing for luxury players, which are quickly moving into this territory.
Digital luxury
Thanks to improving technology, rising incomes and user comfort, luxury consumers are becoming increasingly connected. Today’s luxury consumer shops across multiple platforms, and retailers need to be able to engage with them any time, any place and almost anywhere.
Experience of luxury
Consumers continue to reassess their priorities, asking themselves what they truly value in luxury goods. Luxury is no longer simply about price or material goods but about acquiring meaningful experiences, and has gone from high quantity to high quality.
Sustainable luxury
A growing understanding of issues surrounding sustainability has led to a general consumer awareness of the basic science behind climate change. It will become increasingly important for luxury brands to be completely transparent about their ethical stances and show that they care about the planet and its people.
Health is the new wealth
The perception of healthy living is shifting beyond just physical health, with a more holistic approach to wellness being adopted. The impact of wealth expansion is changing spending habits, to the extent that health has become the new wealth, with healthy living and self-improvement increasingly becoming a status symbol.
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Introduction
Scope
Examining five trends shaping luxury goods
Four areas of opportunity
Global Outlook
Luxury goods in context
Total luxury goods sales edge closer to USD1 trillion
Per capita by category: Switzerland leads globally in per capita spend
Asia Pacific continues to generate lions share of luxury goods sales
China back on track and set to stay in the luxury spotlight
Luxury cars remain the cornerstone of the industry
Fine wines/champagne and spirits post highest growth in 2017
Hard luxury on the path to recovery
China and UK biggest contributors to value over 2017-2022
Leading Companies and Brands
Luxury goods remains a highly concentrated industry
Luxury car manufacturers dominate the competitive landscape…
Global luxury powerhouses lead in personal luxury goods
Ethical and emotionally-driven players a force to be reckoned with
Affordable luxury brands continue to pull on consumer purse strings
Key Trends Shaping Luxury Goods
Megatrends shaping luxury goods
Shopping reinvented
Brands to take a more holistic approach to the consumer journey
Ethical living drives luxury brands to sustainable business models
Health aspect remains paramount, but meaning of health expands
Socially responsible luxury brands gain competitive advantage
Connected luxury consumer drives omnichannel
Internet retailing fastest growing channel in personal luxury goods
Changing retail formats in luxury will translates to more m-commerce
The digital consumer in 2018
Experiential luxury driven by changing consumer values
Luxury travel rides the “experience more” trend
Healthy is living is the new wealthy living
Changing values: Health becoming a core luxury lifestyle choice
World travel figures boosts sales of luxury goods
Luxury hotspots compete for share of wallet from wealthy tourists
Asia Pacific clear winner in wealth expansion and HNWI growth
Category Snapshots
Category snapshot: Designer clothing and footwear
Category snapshot: Fine wines/champagne and spirits
Category snapshot: Luxury cars
Category snapshot: Luxury eyewear
Category snapshot: Luxury hotels
Category snapshot: Luxury jewellery
Category snapshot: Luxury leather goods
Category snapshot: Luxury portable consumer electronics
Category snapshot: Luxury timepieces
Category snapshot: Luxury writing instrument and stationery
Category snapshot: Super premium beauty and personal care
Regional Industry Snapshots
Regional industry snapshot: Asia Pacific
Regional industry snapshot: Australasia
Regional industry snapshot: Eastern Europe
Regional industry snapshot: Latin America
Regional industry snapshot: Middle East and Africa
Regional industry snapshot: North America
Regional industry snapshot: Western Europe
Definitions
Definitions
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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Request more informationComplete Catalogue
Strategy Reports
Country Reports
- Luxury Goods in Argentina | Jan 2018
- Luxury Goods in Australia | Feb 2018
- Luxury Goods in Brazil | Feb 2018
- Luxury Goods in Canada | Feb 2018
- Luxury Goods in China | Feb 2018
- Luxury Goods in France | Feb 2018
- Luxury Goods in Germany | Feb 2018
- Luxury Goods in Hong Kong, China | Feb 2018
- Luxury Goods in India | Feb 2018
- Luxury Goods in Indonesia | Feb 2018
- Luxury Goods in Italy | Feb 2018
- Luxury Goods in Japan | Feb 2018
- Luxury Goods in Malaysia | Feb 2018
- Luxury Goods in Mexico | Feb 2018
- Luxury Goods in Poland | Feb 2018
- Luxury Goods in Romania | Feb 2018
- Luxury Goods in Russia | Feb 2018
- Luxury Goods in Singapore | Mar 2018
- Luxury Goods in South Africa | Feb 2018
- Luxury Goods in South Korea | Feb 2018
- Luxury Goods in Spain | Feb 2018
- Luxury Goods in Sweden | Feb 2018
- Luxury Goods in Switzerland | Feb 2018
- Luxury Goods in Taiwan | Apr 2018
- Luxury Goods in Thailand | Feb 2018
- Luxury Goods in the Netherlands | Feb 2018
- Luxury Goods in the Philippines | Feb 2018
- Luxury Goods in the United Arab Emirates | Feb 2018
- Luxury Goods in the United Kingdom | Mar 2018
- Luxury Goods in the US | Feb 2018
- Luxury Goods in Turkey | Feb 2018
- Luxury Goods in Ukraine | Feb 2018
Complete Catalogue
Strategy Reports
Country Reports
- Luxury Goods in Argentina | Jan 2018
- Luxury Goods in Australia | Feb 2018
- Luxury Goods in Brazil | Feb 2018
- Luxury Goods in Canada | Feb 2018
- Luxury Goods in China | Feb 2018
- Luxury Goods in France | Feb 2018
- Luxury Goods in Germany | Feb 2018
- Luxury Goods in Hong Kong, China | Feb 2018
- Luxury Goods in India | Feb 2018
- Luxury Goods in Indonesia | Feb 2018
- Luxury Goods in Italy | Feb 2018
- Luxury Goods in Japan | Feb 2018
- Luxury Goods in Malaysia | Feb 2018
- Luxury Goods in Mexico | Feb 2018
- Luxury Goods in Poland | Feb 2018
- Luxury Goods in Romania | Feb 2018
- Luxury Goods in Russia | Feb 2018
- Luxury Goods in Singapore | Mar 2018
- Luxury Goods in South Africa | Feb 2018
- Luxury Goods in South Korea | Feb 2018
- Luxury Goods in Spain | Feb 2018
- Luxury Goods in Sweden | Feb 2018
- Luxury Goods in Switzerland | Feb 2018
- Luxury Goods in Taiwan | Apr 2018
- Luxury Goods in Thailand | Feb 2018
- Luxury Goods in the Netherlands | Feb 2018
- Luxury Goods in the Philippines | Feb 2018
- Luxury Goods in the United Arab Emirates | Feb 2018
- Luxury Goods in the United Kingdom | Mar 2018
- Luxury Goods in the US | Feb 2018
- Luxury Goods in Turkey | Feb 2018
- Luxury Goods in Ukraine | Feb 2018