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Asia-Pacific (APAC) Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027

Publisher GlobalData
Published Aug 25, 2023
Length 74 Pages
SKU # GBDT18201398

Description

Asia-Pacific (APAC) Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027


Summary


This report provides an overview of the APAC Luxury Retailing which includes Analysis, market forecasts, brands and trends in the APAC Luxury Retail Market 2017-2027.

China is expected to continue its dominance in the Asian market for luxury goods, accounting for over 50% share of total sales in 2027, posting a CAGR of 9.3% over 2017-2022. Although sales of luxury goods declined in 2022, China’s reopening after the rollback of COVID-19 related restrictions is expected to revive sales in 2023, led by its affluent youth population who increasingly enjoy indulging in luxury goods. India is set to emerge as the fastest growing market during 2022-2027 with a CAGR of 10.2%, given the rise in its affluence. Many luxury brands have announced plans to expand into India to capitalize on the growth potential.

Scope
  • China remains the largest market, while India emerges as the growth engine for Asia’s luxury market
  • Brands embrace hyperphysical experiences to attract shoppers
  • Digital strategies and local inspirations to improve growth opportunities
  • Young shoppers and high-net-worth individuals are key drivers of sales in the region
Reasons to Buy
  • Gain a comprehensive knowledge on APAC Luxury retail market and develop a competitive advantage
  • Investigate current trends in APAC luxury retail market to identify the best opportunities to exploit
  • Analysis of key luxury retail players operating in APAC
  • Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the luxury fashion market in APAC region

Table of Contents

74 Pages
  • Executive Summary
    • APAC Luxury Retail Market Drivers
    • APAC Luxury Retail Market Inhibitors
    • Trends: Targeting affluent youngsters with celebrity influencers
    • Trends: Digital activations drive growth opportunities
    • Trends: Sustainability emerges a key focus area
    • Trends: Pop-up stores in vogue as luxury retailers attempt to entice experiential shoppers
    • APAC Luxury Retail Market, 2017-2027
    • APAC Luxury Retail Market Value and Growth, 2017-2027
    • Luxury Retail Market by Region
    • Luxury Retail Market Growth by Region
    • Top APAC Luxury Retail Markets
    • Growth in luxury sales by country
    • Sector sales by country - APAC
    • Sector sales by country - China
    • Sector sales by country - Japan
    • Sector sales by country - South Korea
    • Sector sales by country - Hong Kong
    • Sector sales by country - Australia
    • Sector sales by country - India
    • Sector sales by country - Thailand
    • Sector sales by country - Singapore
    • Sector sales by country - Malaysia
    • Sector sales by country - Indonesia
    • Sector sales by country - New Zealand
    • Sector sales by country - Philippines
    • Top 10 Luxury Retail Brands in APAC Region
    • Top 10 Luxury Retail Brands in APAC Region
    • Brand in Focus: LVMH
    • Brand in Focus: Richemont
    • Brand in Focus: Kering
    • Brand in Focus: Chanel
    • Brand in Focus: Swatch
    • Methodology: two-phase update process
    • Methodology: Market size by product & channel
    • Methodology: Market share & company performance
    • Methodology: Luxury Market Size & Market Share
    • Methodology: Exchange rates & data revisions
    • Methodology: GlobalData Retail research approach
    • Methodology: Market sizing - a four-stage approach
    • Definitions: Channel groups
    • Definitions: Channel Groups continued + clarification on Marketplaces
    • Definitions: Product category - Clothing & Footwear
    • Definitions: Product category - Electricals
    • Definitions: Product category - Food & Grocery
    • Definitions: Product category - Health & Beauty
    • Definitions: Product category - Home
    • Definitions: Product category - Other
    • Definitions: Price position & international presence

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