Luxury Goods in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). 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. Our market value includes retail sales. Market value does not include non-product sales such as services.
- The Chinese luxury goods market recorded revenues of $73.7 billion in 2023, representing a compound annual growth rate (CAGR) of 4.6% between 2018 and 2023.
- The apparel, footwear & accessories segment accounted for the market's largest proportion in 2023, with total revenues of $47.5 billion, equivalent to 64.4% of the market's overall value.
- The Chinese luxury goods market growth is driven by demographic shifts such as the growing affluent population, high net-worth individuals, and rising millennials and Gen Z population which often prioritizes social status and prestige associated with luxury goods.
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 2023?
- What will be the size of the China luxury goods market in 2028?
- 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
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
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
