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China Luxury Goods Market to 2027

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    Report

  • 48 Pages
  • December 2023
  • Region: China
  • MarketLine
  • ID: 5927777
Description Jump to:
Luxury Goods in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The luxury goods market deals with high-end and premium products, which are not considered as essential or necessary for daily living but are rather associated with indulgence and exclusivity. The market value includes retail sales.
  • China captured the second-largest share of the global luxury goods market in 2022, accounting for a share of 17.8% in 2022.
  • The Chinese Luxury goods market had total revenues of $55.4 billion in 2022, representing a compound annual growth rate (CAGR) of 20.8% between 2017 and 2022.
  • The apparel and footwear segment accounted for the market's largest proportion in 2022, with total revenues of $16.1 billion, equivalent to 29.1% of the market's overall value.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the luxury goods market in China
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the luxury goods market in China
  • Leading company profiles reveal details of key luxury goods market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the China luxury goods market with five year forecasts

Reasons to Buy

  • What was the size of the China luxury goods market by value in 2022?
  • What will be the size of the China luxury goods market in 2027?
  • What factors are affecting the strength of competition in the China luxury goods market?
  • How has the market performed over the last five years?
  • What are the main segments that make up China's luxury goods market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What strategies do leading players in the market follow?
7.4. Are there any threats to leading players?
7.5. What have been the recent developments in the market?
8 Company Profiles
8.1. LVMH Moet Hennessy Louis Vuitton SA
8.2. Chow Tai Fook Jewellery Group Ltd
8.3. Kering S.A.
8.4. Compagnie Financiere Richemont SA
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. About the Publisher
List of Tables
Table 1: China luxury goods market value: $ billion, 2017-22
Table 2: China luxury goods market category segmentation: % share, by value, 2017-2022
Table 3: China luxury goods market category segmentation: $ billion, 2017-2022
Table 4: China luxury goods market geography segmentation: $ billion, 2022
Table 5: China luxury goods market value forecast: $ billion, 2022-27
Table 6: LVMH Moet Hennessy Louis Vuitton SA: key facts
Table 7: LVMH Moet Hennessy Louis Vuitton SA: Annual Financial Ratios
Table 8: LVMH Moet Hennessy Louis Vuitton SA: Key Employees
Table 9: LVMH Moet Hennessy Louis Vuitton SA: Key Employees Continued
Table 10: Chow Tai Fook Jewellery Group Ltd: key facts
Table 11: Chow Tai Fook Jewellery Group Ltd: Annual Financial Ratios
Table 12: Chow Tai Fook Jewellery Group Ltd: Key Employees
Table 13: Kering S.A.: key facts
Table 14: Kering S.A.: Annual Financial Ratios
Table 15: Kering S.A.: Key Employees
Table 16: Compagnie Financiere Richemont SA: key facts
Table 17: Compagnie Financiere Richemont SA: Annual Financial Ratios
Table 18: Compagnie Financiere Richemont SA: Key Employees
Table 19: China size of population (million), 2018-22
Table 20: China gdp (constant 2005 prices, $ billion), 2018-22
Table 21: China gdp (current prices, $ billion), 2018-22
Table 22: China inflation, 2018-22
Table 23: China consumer price index (absolute), 2018-22
Table 24: China exchange rate, 2018-22
List of Figures
Figure 1: China luxury goods market value: $ billion, 2017-22
Figure 2: China luxury goods market category segmentation: $ billion, 2017-2022
Figure 3: China luxury goods market geography segmentation: % share, by value, 2022
Figure 4: China luxury goods market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the luxury goods market in China, 2022
Figure 6: Drivers of buyer power in the luxury goods market in China, 2022
Figure 7: Drivers of supplier power in the luxury goods market in China, 2022
Figure 8: Factors influencing the likelihood of new entrants in the luxury goods market in China, 2022
Figure 9: Factors influencing the threat of substitutes in the luxury goods market in China, 2022
Figure 10: Drivers of degree of rivalry in the luxury goods market in China, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • LVMH Moet Hennessy Louis Vuitton SA
  • Chow Tai Fook Jewellery Group Ltd
  • Kering S.A.
  • Compagnie Financiere Richemont SA

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About the Market

The Luxury Goods market is a subset of the Consumer Goods and Services industry, focusing on high-end, exclusive products and services. Luxury Goods are typically characterized by their superior quality, craftsmanship, and exclusivity, and are often associated with a certain lifestyle. Luxury Goods are typically more expensive than other consumer goods, and are often seen as a status symbol. The Luxury Goods market is highly competitive, with many companies vying for the attention of affluent consumers. Luxury Goods companies often focus on creating a unique brand identity and experience, as well as providing superior customer service. Some of the major companies in the Luxury Goods market include Louis Vuitton, Gucci, Prada, Chanel, Hermès, Cartier, and Rolex. These companies are known for their iconic products and services, and have become synonymous with luxury and exclusivity. Show Less Read more

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