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Global Luxury Goods Market: Trends & Opportunities (2015-2019)

Global Luxury Goods Market: Trends & Opportunities (2015-2019)

Scope of the Report

This report analyzes the development of the ""Global Luxury Goods Market: Trends & Opportunities (2015-2019) "", including its segments: luxury cars, luxury wines and spirits, luxury hotels and luxury furniture, with a major focus on global personal luxury goods market. The market sizing of global personal luxury market is done by its value, by top countries, by top cities, by gender, by tourists, by retail sale, by wholesale, by online sale, by airport sales, sales by region and through growth of some of its sub segments. Market share analysis of global luxury goods market is also done in this report, with major focus on global personal luxury goods market.

Potters five force analysis includes discussion on threat of new entrant, bargaining power of buyers, threats of substitutes, bargaining power of suppliers and competitive rivalry.

This report also includes regional/country analysis of Americas, Europe and Asia (China in specific). This analysis include personal luxury goods market by value over the years, personal luxury goods market by tourists and price comparison of different brand, for each region. In 2014, Americas and European continent’s personal luxury market grew at decent rate, while Japan registered a very healthy growth rate. China has shown a negative trend and Rest of the Asia experienced brisk growth pace. Moreover, the report profiles key market players such as LVMH, Hermès International and Kering Group on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

Forecasting of personal luxury goods market by value and its segments including luxury cars, luxury hotels, luxury furniture, luxury wines and spirit and personal luxury goods, are also done for the years 2015-2019. Sub segments of global personal luxury goods market and personal luxury goods market of Americas, Europe and Asia is are also forecasted for the years 2015-2019.

Country Coverage
Americas
Europe
Asia

Company Coverage
LVMH
Hermès International
Kering Group

Executive Summary

Luxury goods market is a market for goods that give great comfort and pleasure. Luxury goods are commonly characterized by their premium quality, craftsmanship and reputation. In economics, income elasticity of demand for luxury good is greater than one because peoples’ spending on luxury good increases more than the increase in their income. But many luxury goods have now become “a new normal good”, due to its affordability and increased purchasing power of people.

The overall global luxury market grew at a healthy rate in 2014, with major driving segments being luxury cars, luxury hotels and personal luxury goods. The overall luxury industry comprises nine segments in total: personal luxury goods, luxury cars, luxury hotels, luxury wines and spirits, luxury food, luxury furniture, luxury cruises, luxury yachts and private jets. Among all, the three biggest are luxury cars, luxury hotels and personal luxury goods. Personal luxury goods can be further sub divided into accessories, apparel, hard luxury (watches and jewelry), beauty (cosmetic and perfumes) and others.

Development of global luxury market is fuelled by increased tourist sale of luxury goods, growth of e-commerce market, growth of global retail industry and rise in world GDP. Rise in GDP causes disposable income to increase and hence increase in purchasing power of people, which make them move towards luxury goods. This has caused increase in new consumers from emerging economies.

Increased use of social media, increased Omni channels, globalization and development of second hand or pre-owned luxury goods market has played a great role in growth of global luxury market over the years. While there are some challenges, which global luxury market has to face, such as increasing unemployment rate, increasing availability of counterfeit products, inability to adopt dynamic market approaches and high import tariffs on luxury goods in some areas.


1. Executive Summary
2. Introduction
2.1 Luxury Goods Market by Types
Table 1: Luxury Goods Market by Type
2.1.1 Personal Luxury Goods
Table 2: Personal Luxury Goods by Type
2.1.2 Luxury Cars
Table 3: Sub Division of Luxury Car Market
2.1.3 Luxury Hotels
Table 4: Luxury Hotels By Purpose And By Levels Of Luxury
2.1.4 Luxury Wines and Spirits
2.1.5 Luxury Foods 19
2.1.6 Luxury Furniture
Table 5: Luxury Furniture Market By End User
2.1.7 Luxury Cruises
2.1.8 Luxury Yacht
2.1.9 Private Jets
3. Global Luxury Goods Market: An Analysis
3.1 Global Luxury Goods Market by Value: Actual and Forecast
Table 6: Global Luxury Goods Market by Value; 2012-2014 (US$ Billion)
Table 7: Global Luxury Goods Market by Value Forecast; 2015-2019 (US$ Billion)
3.2 Global Luxury Goods Market by Segments
Table 8: Global Luxury Goods Market by Segments; 2013-2014 (US$ Billion)
4. Global Personal Luxury Goods Market: An Analysis
4.1 Global Personal Luxury Goods Market by Value: Actual and Forecast
Table 9: Global Personal Luxury Goods Market by Value; 2005-2014 (US$ Billion)
Table 10: Global Personal Luxury Goods Market Forecast by Value; 2015-2019
(US$ Billion)
4.2 Global Personal Luxury Goods Market by Category
Table 11: Global Personal Luxury Goods Market by Category; 2013-2014
(US$ Billion)
4.2.1 Global Luxury Jewelry Market by Value: Actual and Forecast
Table 12: Global Luxury Jewelry Market by Value; 2007-2014 (US$ Billion)
Table 13: Global Luxury Jewelry Market Forecast by Value; 2015-2019
(US$ Billion)
4.2.2 Global Luxury Watch Market by Value: Actual and Forecast
Table 14: Global Luxury Watch (Swiss) Exports Value; 2007-2014 (US$ Billion)
Table 15: Global Luxury Watch (Swiss) Exports Forecast Value; 20015-2019
(US$ Billion)
By Region
Table 16: Global Luxury Watch (Swiss) Exports by Region; 2014 (US$ Billion)
Table 17: Global Luxury Watch (Swiss) Exports to Asia; 2014 (US$ Billion)
4.2.3 Global Luxury Leather Market by Value: Actual and Forecast
Table 18: Global Luxury Leather Market by Value; 2011-2014 (US$ Billion)
Table 19: Global Luxury Leather Market Forecast by Value; 2015-2019 (US$ Billion)
4.2.4 Global Luxury Shoe Market by Value: Actual and Forecast
Table 20: Global Luxury Shoes Market by Value; 2015-2019 (US$ Billion)
Table 21: Global Luxury Shoes Market by Forecast Value; 2015-2019
(US$ Billion)
4.3 Global Personal Luxury Goods Market by Gender
Table 22: Global Personal Luxury Goods Market by Gender; 2013-2014
(US$ Billion)
4.4 Global Personal Luxury Goods by Region
Table 23: Global Personal Luxury Goods Market by Region; 2010-2014
(US$ Billion)
4.5 Global Personal Luxury Goods Market by Top Countries
Table 24: Global Personal Luxury Goods Market by Countries; 2014 (US$ Billion)
4.6 Global Personal Luxury Goods Market by Top Cities
Table 25: Global Personal Luxury Goods Market by Top Cities; 2014 (US$ Billion)
4.7 Global Personal Luxury Goods Market by Consumer Nationality
Table 26: Global Personal Luxury Goods Market by Consumer Nationality;
2000-2014 (US$ Billion)
4.8 Global Personal Luxury Goods Market by Tourists
Table 27: Global Personal Luxury Goods Market by Tourists; 2014 (US$ Billion)
4.9 Global Personal Luxury Goods Market by Retail
Table 28: Global Personal Luxury Goods Market by Retail Value; 2007-2014
(US$ Billion)
4.9.1 Global Personal Luxury Goods Market by Retail Format
Table 29: Global Personal Luxury Goods Market by Retail Format; 2014
(US$ Billion)
4.10 Global Personal Luxury Goods Market by Wholesale
Table 30: Global Personal Luxury Goods Market by Wholesale Value; 2007-2014 (US$ Billion)
4.10.1 Global Personal Luxury Goods Market by Wholesale by Format
Table 31: Global Personal Luxury Goods Market by Wholesale Format; 2014
(US$ Billion)
4.11 Global Online Personal Luxury Goods Market by Value
Table 32: Global Online Personal Luxury Goods Market by Value; 2010-2014
(US$ Billion)
4.12 Global Airport Personal Luxury Goods Market by Value
Table 33: Global Airport Personal Luxury Goods Market by Value; 2010-2014 41
(US$ Billion)
5. Global Luxury Car Market: An Analysis
5.1 Global Luxury Car Market by Value: Actual and Forecast
Table 34: Global Luxury Car Market by Value; 2010-2014 (US$ Billion)
Table 35: Global Luxury Car Market Forecast by Value; 2015-2019 (US$ Billion)
5.2 Global Luxury Car Market by Volume
Table 36: Global Luxury Car Brand Sales by Volume; 2010-2014 (Units)
6. Global Luxury Wine and Spirit Market: An Analysis
6.1 Global Luxury Wine and Spirit Market by Volume: Actual and Forecast
Table 37: Global Luxury Wine and Spirit Market by Value; 2010-2014 (US$ Billion)
Table 38: Global Luxury Wine and Spirit Market Forecast by Value; 2015-2019
(US$ Billion)
7. Global Luxury Hotels Market: An Analysis
7.1 Global Luxury Hotels Market by Value: Actual and Forecast
Table 39: Global Luxury Hotels Market by Value; 2010-2014 (US$ Billion)
Table 40: Global Luxury Hotels Market Forecast by Value; 2015-2019 (US$ Billion)
8. Global Luxury Furniture Market: An Analysis
8.1 Global Luxury Furniture Market by Value: Actual and Forecast
Table 41: Global Luxury Furniture Market by Value; 2010-2014 (US$ Billion)
Table 42: Global Luxury Furniture Market Forecast by Value; 2015-2019
(US$ Billion)
9. Global Luxury Goods Market Share: An Analysis
9.1 Global Luxury Goods Market by Segments
Table 43: Global Luxury Goods Market Share by Segments; 2014
9.2 Global Personal Luxury Goods Market Share: An Analysis
9.2.1 Global Personal Luxury Goods Market by Segments
Table 44: Global Luxury Personal Goods Market Share by Segments; 2014
9.2.2 Global Personal Luxury Goods Market by Region
Table 45: Global Luxury Personal Goods Market Share by Region; 2014 (US$ Billion)
9.2.3 Global Airport Personal Luxury Goods Market Share: An Analysis
By Category
Table 46: Global Airport Personal Luxury Goods Market Share by Category; 2014
By Location
Table 47: Global Airport Personal Luxury Goods Market Share by Location; 2014
9.2.4 Global Online Personal Luxury Goods Market Share: An Analysis
By Category
Table 48: Global Online Personal Luxury Goods Market Share by Category; 2014
By Location
Table 49: Global Online Personal Luxury Goods Market Share by Location; 2014
By Players
Table 50: Global Online Personal Luxury Goods Market Share by Players; 2014
10. Regional/Country Analysis
10.1 Americas Luxury Goods Market: An Analysis
10.1.1 Americas Personal Luxury Goods Market by Value: Actual and Forecast
Table 51: Americas Personal Luxury Goods Market by Value; 2010-2014
(US$ Billion)
Table 52: Americas Personal Luxury Goods Market Forecast by Value; 2015-2019
(US$ Billion)
10.1.2 Americas Personal Luxury Goods Market by Tourists
Table 53: Americas Personal Luxury Goods Market by Tourists; 2014
10.1.3 Price Comparison of Luxury Brands in Americas
Table 54: Price Comparison of Luxury Brands in Americas; September 2015 (US$)
10.2 Europe’s Luxury Goods Market: An Analysis
10.2.1 Europe’s Personal Luxury Goods Market by Value: Actual and Forecast
Table 55: Europe’s Personal Luxury Goods Market by Value; 2010-2014
(US$ Billion)
Table 56: Europe’s Personal Luxury Goods Market Forecast by Value; 2015-2019
(US$ Billion)
10.2.2 Europe’s Personal Luxury Goods Market by Tourists
Table 57: Europe’s Personal Luxury Goods Market by Tourists; 2014
10.2.3 Price Comparison of Luxury Brands in Europe
Table 58: Price Comparison of Luxury Brands in Europe; September 2015 (US$)
10.3 Asia Luxury Goods Market: An Analysis
10.3.1 Asia’s Personal Luxury Goods Market by Value: Actual and Forecast
Table 59: Asia Personal Luxury Goods Market by Value; 2010-2014
(US$ Billion)
Table 60: Asia Personal Luxury Goods Market Forecast by Value; 2015-2019
(US$ Billion)
China Personal Luxury Goods Market by Value
Table 61: China Personal Luxury Goods Market by Value; 2010-2014
(US$ Billion)
10.3.2 Asian Personal Luxury Goods Market by Tourists
Table 62: Asian Personal Luxury Goods Market by Tourists; 2014
10.3.3 Price Comparison of Luxury Brands in Asia by Countries
Table 63: Price Comparison of Luxury Brands in Asian Countries; September 2015 (US$)
11. Market Dynamics
11.1 Growth Drivers
11.1.1 Tourists Sales of Luxury Goods
Table A: Tourist Sale of Luxury Goods, September’2015
11.1.2 Growth of e-Commerce Market
Table 64: Growth of e-Commerce Market by Regions; 2010-2014 (US$ Billion)
11.1.3 Retail Industry Growth
Table 65: Retail Industry Sales; 2009-2014 (US$ Trillion)
11.1.4 Rise in GDP
Table 66: GDP and Luxury Goods Market; 2005-2014 (US$ Billion)
11.2 Challenges
11.2.1 Unemployment Rate
Table 67: Unemployment Rate (%); 2009-2014
11.2.2 Counterfeit Products
11.2.3 Dynamic Market Approach
11.2.4 High Import Tariffs and/or Duties
11.3 Market Trends
11.3.1 Social Media
11.3.2 Ubiquity versus Exclusivity
11.3.3 Omni Channel
11.3.4 Globalization
11.3.5 Custom and Bespoke Initiatives
11.3.6 Pre-owned/ Second-hand Luxury Goods Market
12. Porter’s Five Forces Analysis
Table 68: Porter’s Force Analysis
12.1 Threat of New Entrant: Low
12.2 Bargaining Powers of Buyers: Low
12.3 Threat of Substitutes: Low
12.4 Bargaining Power of Suppliers: Moderate
12.5 Competitive Rivalry: Moderate
13. Competitive Landscape
Table B: Financial Comparison of Major Players in Luxury Goods Market, 2014
Table C: Comparison of Major Players in Luxury Goods Market
14. Company Profiles
14.1 LVMH
14.1.1 Business Overview
14.1.2 Financial Overview
Table 69: LVMH Net Revenue; 2011-2015(Q3) (US$ Billion)
Table 70: Sales Mix of LVMH (2014)
14.1.3 Business Strategy
14.2 Hermès International
14.2.1 Business Overview
14.2.2 Financial Overview
Table 71: Hermès International Net Revenue; 2010-2014 (US$ Billion)
Table 72: Sales Mix of Hermès International; 2014
14.2.3 Business Strategy
14.3 Kering Group
14.3.1 Business Overview
Table 73: Kering Group Product Portfolio
14.3.2 Financial Overview
Table 74: Net Revenue; 2011-2014 (US$)
Table 75: Net Revenue Division by Segments and Brands; 2014
14.3.3 Business Strategy

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