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The Global Luxury Goods Market stood at USD258.12 billion in 2020 is forecast to grow at a CAGR of 8.52% in value terms to reach around USD429.81 billion by 2026. The increasing young working-class population, growing consumer awareness about the benefits of using quality products, and the surge in purchasing power of consumers are the primary factors driving the demand for the Global Luxury Goods Market in the forecast period. Speak directly to the analyst to clarify any post sales queries you may have.
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Globalization has increased the accessibility and reach of consumers to purchase from international and national brands, which has positively impacted the demand for luxury goods worldwide. The rising prevalence of skin-related disorders, growing pollution levels, and the surge in consumer awareness about the benefits of taking preventive measures bolster the adoption of high-priced skincare products among consumers. High internet penetration and the proliferation of smart devices have spurred the e-commerce industry's reach to each and every corner around the globe. The market players are making quick doorstep deliveries and providing huge discounts on their products, thereby creating huge potential for growth in the Global Luxury Goods Market.
However, continuous change in consumer preference is lowering the brand loyalty rate, which may hinder the growth of the Global Luxury Goods Market in the forecast period.
The Global Luxury Goods Market is divided into type, distribution channel, regional distribution, and competitive landscape. Based on the distribution channel, the market is divided into exclusive stores, airports, e-commerce, specialty store and others. The exclusive stores are expected to hold the largest market share in the forecast period, 2022-2026. Visiting an exclusive store gives consumers a choice to check the quality of products and compare the prices to make the right shopping decisions. The presence of a large number of stores at easily accessible locations, growing urbanization, and increased expenditure capacity of consumers are driving the demand for exclusive stores all around the globe.
Some of the leading players in the Global Luxury Goods Market are LVMH Group, Compagnie Financière Richemont SA, Kering SA, L’Oréal S.A., Chanel Limited, PVH Corp., The Estée Lauder Companies Inc., The Swatch Group Ltd., Rolex SA, and Prada S.p.A, etc. The companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021E
- Forecast Period: 2022F-2026F
Objective of the Study:
- To analyze the historical growth in the market size of the Global Luxury Goods Market from 2016 to 2020.
- To estimate and forecast the market size of the Global Luxury Goods Market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the Global Luxury Goods Market based on by type, by distribution channel, by region and by company.
- To identify dominant region or segment in the Global Luxury Goods Market.
- To identify drivers and challenges for the Global Luxury Goods Market.
- To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Global Luxury Goods Market.
- To identify and analyze the profile of leading players operating in the Global Luxury Goods Market.
- To identify key sustainable strategies adopted by the market players in the Global Luxury Goods Market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, and presence of all major players across the globe.
The publisher calculated the market size of the Global Luxury Goods Market by using a bottom-up approach, wherein data for various segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these types and other segments for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied.
Key Target Audience:
- Manufacturers, distributors, and end-users
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to luxury goods market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Global Luxury Goods Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Luxury Goods Market, By Type
- Jewelry & Watches
- Clothing & Footwear
- Bags & Accessories
- Cosmetics & Fragrances
Global Luxury Goods Market Size, By Distribution Channel:
- Exclusive Stores
- Airports
- E-Commerce
- Specialty Store
- Others
Global Luxury Goods Market, By Region
- Europe
- France
- Italy
- Germany
- Spain
- Switzerland
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Singapore
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Turkey
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Luxury Goods Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Luxury Goods Market
5. Voice of Customer
5.1. Factors Affecting Purchasing Decision
5.2. Brand Awareness
5.3. Challenges Faced Post Purchasing
6. Global Luxury Goods Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value
6.2. Market Share and Forecast
6.2.1. By Type (Jewelry & Watches, Clothing & Footwear, Bags & Accessories, Cosmetics & Fragrances)
6.2.2. By Distribution Channel (Exclusive Stores, Airports, E-Commerce, Specialty Store & Others (Departmental Stores, Hypermarket/Supermarket, Multi-Branded Stores etc.)
6.2.3. By Region
6.2.4. By Company (2020)
6.3. Market Map (By Type, By Region)
7. Europe Luxury Goods Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value
7.2. Market Share and Forecast
7.2.1.1. By Type
7.2.1.2. By Distribution Channel
7.2.1.3. By Country
7.3. Europe: Country Analysis
7.3.1. France Luxury Goods Market Outlook
7.3.1.1. Market Size and Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share and Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Distribution Channel
7.3.2. Italy Luxury Goods Market Outlook
7.3.2.1. Market Size and Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share and Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Distribution Channel
7.3.3. Germany Luxury Goods Market Outlook
7.3.3.1. Market Size and Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share and Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Distribution Channel
7.3.4. Spain Luxury Goods Market Outlook
7.3.4.1. Market Size and Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share and Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Distribution Channel
7.3.5. Switzerland Luxury Goods Market Outlook
7.3.5.1. Market Size and Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share and Forecast
7.3.5.2.1. By Product
7.3.5.2.2. By Distribution Channel
8. North America Luxury Goods Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value
8.2. Market Share and Forecast
8.2.1. By Type
8.2.2. By Distribution
8.2.3. By Country
8.3. North America: Country Analysis
8.3.1. United States Luxury Goods Market Outlook
8.3.1.1. Market Size and Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share and Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Distribution Channel
8.3.2. Canada Luxury Goods Market Outlook
8.3.2.1. Market Size and Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share and Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Distribution Channel
8.3.3. Mexico Luxury Goods Market Outlook
8.3.3.1. Market Size and Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share and Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Distribution Channel
9. Asia-Pacific Luxury Goods Market Outlook
9.1. Market Size and Forecast
9.1.1. By Value
9.2. Market Share and Forecast
9.2.1.1. By Type
9.2.1.2. By Distribution Channel
9.2.1.3. By Country
9.3. Asia-Pacific: Country Analysis
9.3.1. China Luxury Goods Market Outlook
9.3.1.1. Market Size and Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share and Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Distribution Channel
9.3.2. Japan Luxury Goods Market Outlook
9.3.2.1. Market Size and Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share and Forecast
9.3.2.2.1. By Type
9.3.2.2.2. By Distribution Channel
9.3.3. South Korea Luxury Goods Market Outlook
9.3.3.1. Market Size and Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share and Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Distribution Channel
9.3.4. India Luxury Goods Market Outlook
9.3.4.1. Market Size and Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share and Forecast
9.3.4.2.1. By Type
9.3.4.2.2. By Distribution Channel
9.3.5. Singapore Luxury Goods Market Outlook
9.3.5.1. Market Size and Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share and Forecast
9.3.5.2.1. By Product
9.3.5.2.2. By Distribution Channel
10. Middle East and Africa Luxury Goods Market Outlook
10.1. Market Size and Forecast
10.1.1. By Value
10.2. Market Share and Forecast
10.2.1. By Type
10.2.2. By Distribution Channel
10.2.3. By Country
10.3. MEA: Country Analysis
10.3.1. UAE Luxury Goods Market Outlook
10.3.1.1. Market Size and Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share and Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Distribution Channel
10.3.2. Saudi Arabia Luxury Goods Market Outlook
10.3.2.1. Market Size and Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share and Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Distribution Channel
10.3.3. South Africa Luxury Goods Market Outlook
10.3.3.1. Market Size and Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share and Forecast
10.3.3.2.1. By Type
10.3.3.2.2. By Distribution Channel
10.3.4. Turkey Luxury Goods Market Outlook
10.3.4.1. Market Size and Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share and Forecast
10.3.4.2.1. By Type
10.3.4.2.2. By Distribution Channel
11. South America Luxury Goods Market Outlook
11.1. Market Size and Forecast
11.1.1. By Value
11.2. Market Share and Forecast
11.2.1. By Type
11.2.2. By Distribution Channel
11.2.3. By Country
11.3. South America: Country Analysis
11.3.1. Brazil Luxury Goods Market Outlook
11.3.1.1. Market Size and Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share and Forecast
11.3.1.2.1. By Type
11.3.1.2.2. By Distribution Channel
11.3.2. Argentina Luxury Goods Market Outlook
11.3.2.1. Market Size and Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share and Forecast
11.3.2.2.1. By Type
11.3.2.2.2. By Distribution Channel
11.3.3. Colombia Luxury Goods Market Outlook
11.3.3.1. Market Size and Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share and Forecast
11.3.3.2.1. By Type
11.3.3.2.2. By Distribution Channel
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Competitive Landscape
14.1. LVMH Group
14.2. Compagnie Financière Richemont SA
14.3. Kering SA
14.4. L’Oréal S.A.
14.5. Chanel Limited
14.6. PVH Corp.
14.7. The Estée Lauder Companies Inc.
14.8. The Swatch Group Ltd.
14.9. Rolex SA
14.10. Prada S.p.A
15. Strategic RecommendationsList of FiguresFigure 1: Global Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 2: Global Population (Million), 2015-2020
Figure 3: Global Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 4: Global Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 5: Global Luxury Goods Market Share, By Region, By Value, 2020 & 2026F
Figure 6: Global Luxury Goods Market Share, By Company, By Value, 2020
Figure 7: Global Luxury Goods Market Map, By Type, Market Size (USD Billion) & Growth Rate (%), 2020
Figure 8: Global Luxury Goods Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2020
Figure 9: Europe Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 10: Europe Country-wise Population (Million), 2020
Figure 11: Europe Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 12: Europe Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 13: Europe Luxury Goods Market Share, By Country, By Value, 2016-2026F
Figure 14: France Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 15: France GDP at Current Price (USD Billion), 2015-2020
Figure 16: France Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 17: France Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 18: Italy Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 19: Italy GDP at Current Price (USD Billion), 2015-2020
Figure 20: Italy Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 21: Italy Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 22: Germany Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 23: Germany GDP at Current Price (USD Billion), 2015-2020
Figure 24: Germany Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 25: Germany Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 26: Spain Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 27: Spain GDP at Current Price (USD Billion), 2015-2020
Figure 28: Spain Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 29: Spain Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 30: Switzerland Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 31: Switzerland GDP at Current Price (USD Billion), 2015-2020
Figure 32: Switzerland Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 33: Switzerland Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 34: North America Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 35: North America Country-wise Population (Million), 2020
Figure 36: North America Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 37: North America Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 38: North America Luxury Goods Market Share, By Country, By Value, 2016-2026F
Figure 39: United States Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 40: United States GDP at Current Price (USD Billion), 2015-2020
Figure 41: United States Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 42: United States Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 43: Canada Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 44: Canada GDP at Current Price (USD Billion), 2015-2020
Figure 45: Canada Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 46: Canada Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 47: Mexico Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 48: Mexico GDP at Current Price (USD Billion), 2015-2020
Figure 49: Mexico Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 50: Mexico Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 51: Asia-Pacific Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 52: Asia-Pacific Country-wise Population (Million), 2020
Figure 53: Asia-Pacific Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 54: Asia-Pacific Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 55: Asia-Pacific Luxury Goods Market Share, By Country, By Value, 2016-2026F
Figure 56: China Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 57: China GDP at Current Price (USD Billion), 2015-2020
Figure 58: China Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 59: China Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 60: Japan Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 61: Japan GDP at Current Price (USD Billion), 2015-2019
Figure 62: Japan Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 63: Japan Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 64: South Korea Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 65: South Korea GDP at Current Price (USD Billion), 2015-2020
Figure 66: South Korea Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 67: South Korea Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 68: India Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 69: India GDP at Current Price (USD Billion), 2015-2020
Figure 70: India Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 71: India Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 72: Singapore Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 73: Singapore GDP at Current Price (USD Billion), 2015-2020
Figure 74: Singapore Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 75: Singapore Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 76: Middle East and Africa Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 77: Middle East and Africa Country-wise Population (Million), 2020
Figure 78: Middle East and Africa Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 79: Middle East and Africa Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 80: Middle East and Africa Luxury Goods Market Share, By Country, By Value, 2016-2026F
Figure 81: UAE Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 82: UAE GDP at Current Price (USD Billion), 2015-2019
Figure 83: UAE Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 84: UAE Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 85: Saudi Arabia Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 86: Saudi Arabia GDP at Current Price (USD Billion), 2015-2020
Figure 87: Saudi Arabia Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 88: Saudi Arabia Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 89: South Africa Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 90: South Africa GDP at Current Price (USD Billion), 2015-2020
Figure 91: South Africa Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 92: South Africa Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 93: Turkey Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 94: Turkey GDP at Current Price (USD Billion), 2015-2020
Figure 95: Turkey Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 96: Turkey Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 97: South America Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 98: South America Country-wise Population (Million), 2020
Figure 99: South America Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 100: South America Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 101: South America Luxury Goods Market Share, By Country, By Value, 2016-2026F
Figure 102: Brazil Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 103: Brazil GDP at Current Price (USD Billion), 2015-2020
Figure 104: Brazil Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 105: Brazil Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 106: Argentina Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 107: Argentina GDP at Current Price (USD Billion), 2015-2020
Figure 108: Argentina Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 109: Argentina Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Figure 110: Colombia Luxury Goods Market Size, By Value (USD Billion), 2016-2026F
Figure 111: Colombia GDP at Current Price (USD Billion), 2015-2020
Figure 112: Colombia Luxury Goods Market Share, By Type, By Value, 2016-2026F
Figure 113: Colombia Luxury Goods Market Share, By Distribution Channel, By Value, 2016-2026F
Companies Mentioned
- LVMH Group
- Compagnie Financière Richemont SA
- Kering SA
- L’Oréal S.A.
- Chanel Limited
- PVH Corp.
- The Estée Lauder Companies Inc.
- The Swatch Group Ltd.
- Rolex SA
- Prada S.p.A
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | January 2022 |
| Forecast Period | 2016 - 2026 |
| Estimated Market Value ( USD | $ 269.23 Billion |
| Forecasted Market Value ( USD | $ 429.81 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
