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Global Luxury Retailing 2019-2029

Publisher GlobalData
Published Feb 12, 2025
Length 98 Pages
SKU # GBDT20081129

Description

Global Luxury Retailing 2019-2029

Summary

Global Luxury Retailing 2019-2029 provides analysis, trends, market forecasts, and brands in the global luxury retail market between 2019-2029

Key Highlights
  • After a strong boost in luxury sales during 2023, the global luxury market saw a decline of 2.7% to reach $462.3 billion in 2024 due to a loss in consumer confidence caused by rising economic uncertainty and the resulting shift in consumer spending towards essentials.
  • Despite a decrease in regional market share from 36.3% in 2019 to 34.8% in 2024, the Asia-Pacific region remains the dominant force in the global luxury market. This area boasts a significant number of young, affluent consumers and an increase in tourist arrivals.
  • LVMH continues to dominate the global luxury market in 2024, securing a 24.3% share of the global luxury market despite a sales decline of 3.6% caused by a dampened demand for its fashion and leather goods.
Scope
  • Growth of global luxury slows amid declining consumer confidence and rising economic uncertainties
  • Luxury market in APAC dominates but growth stalls; Americas shows robust growth driven by increasing tourism and store openings
  • Demand for LVMH declines despite strong growth momentum for its selective retailing business unit (Sephora, DFS, and Le Bon Marché)
Reasons to Buy
  • Gain comprehensive knowledge of the global luxury retail market and develop a competitive advantage
  • Investigate current trends in the global luxury retail markets to identify the best opportunities to exploit
  • Analysis of key luxury retail players operating globally
  • Explore 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 retail markets globally
  • Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
  • Analysis of key international players operating in global luxury retail market - including market shares and revenues that give you a competitive edge and identify opportunities to improve your strategy

Table of Contents

98 Pages
  • Executive Summary
    • Global Luxury Retail Market Drivers
    • Global Luxury Retail Market Inhibitors
    • Trends: Online luxury retailers continue to struggle due to luxury slowdown
    • Trends: Experiential stores to drive engagement
    • Trends: Pre-owned luxury market gains traction
    • Trends: Luxury retailers boost growth with collaborations
    • Trends: Sustainability is becoming key to success in the global luxury market
    • Global Luxury Retail Market, 2019-2029F
    • Global Luxury Retail Market 2019-2029F
    • Global Luxury Retail sales by category
    • Global Luxury Retail: Top 10 countries, across all regions
    • Top Global Luxury Brands
    • Market Shares of Global Luxury Retail Brands
    • Global Luxury Retail Market by Region
    • Global Luxury Retailing by Region
    • Americas Luxury Retail Market, 2019-2029F
    • Americas Luxury Retail Market 2019-2029F
    • Top Americas Luxury Retail Markets
    • Share of Americas Luxury Sales by Country
    • Sector Sales by Region - Americas
    • Top Americas Luxury Brands
    • Market Share of Americas Luxury Retail Brands
    • APAC Luxury Retail Market, 2019-2029F
    • APAC Luxury Retail Market 2019-2029F
    • Top APAC Luxury Retail Markets
    • Share of Luxury Sales by Country
    • Sector Sales by Region - APAC
    • Top APAC Luxury Brands
    • Market Share of APAC Luxury Retail Brands
    • Europe Luxury Retail Market, 2019-2029F
    • Europe Luxury Retail Market 2019-2029F
    • Top Europe Luxury Retail Markets
    • Share of Europe Luxury Sales by Country, 2023-2029F
    • Sector Sales by Region - Europe
    • Top Europe Luxury Brands
    • Market Share of Europe Luxury Retail Brands
    • MEA Luxury Retail Market, 2019-2029F
    • MEA Luxury Retail Market 2019-2029F
    • Top MEA Luxury Retail Markets
    • Share of MEA Luxury Sales by Country
    • Sector Sales by Region - MEA
    • Top MEA Luxury Brands
    • Market Share of MEA Luxury Retail Brands
    • Luxury Brand Profiles: LVMH
    • Brand in Focus: Richemont
    • Key Events: Richemont
    • Outlook: Richemont
    • Brand in Focus: Kering
    • Key Events: Kering
    • Outlook: Kering
    • Brand in Focus: Chanel
    • Key Events: Chanel
    • Outlook: Chanel
    • Brand in Focus: Hermès
    • Key Events: Hermès
    • Outlook: Hermès
    • 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: Price position & international presence

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