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Global Personal Luxury Goods Market 2017-2021

About Personal Luxury Goods

The global personal luxury goods market has been registering positive growth over the last few years and is shaping up to become one of the top competitive markets at a global level. With the rise in globalization, ample growth opportunities are being created in the market.

Technavio’s analysts forecast the global personal luxury goods market to grow at a CAGR of 3.71% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global personal luxury goods market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of personal luxury goods to individual customers.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • MEA
Technavio's report, Global Personal Luxury Goods Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Estée Lauder
  • L'Oréal
  • Luxottica
  • LVMH
  • Richemont
  • The Swatch Group
Other prominent vendors
  • BURBERRY
  • BREITLING
  • CHANEL
  • COACH
  • Giorgio Armani
  • Kate Spade
  • Kering
  • Nina Ricci
  • PRADA
  • Tiffany
  • Valentino Fashion Group
  • Hermès
  • Ralph Lauren
  • VF Corporation
Market driver
  • Rising tourist spending
  • For a full, detailed list, view our report
Market challenge
  • Presence of counterfeit products
  • For a full, detailed list, view our report
Market trend
  • Omni-channel distribution
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Personal Luxury Goods Market 2017-2021

Technavio recognizes the following companies as the key players in the global personal luxury goods market: Estée Lauder, L'Oréal, Luxottica, LVMH, Richemont, and The Swatch Group.

Other Prominent Vendors in the market are: BURBERRY, BREITLING, CHANEL, COACH, Giorgio Armani, Kate Spade, Kering, Nina Ricci, PRADA, Tiffany, Valentino Fashion Group, Hermès, Ralph Lauren, and VF Corporation.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is omni-channel distribution. In the world of luxury, brand experience and perception stands to be more important than price. Luxury brands such as PRADA, Rolex, and CHANEL offer premium in-store experience and are uneasy about adopting the online channel as they see it as a threat to exclusivity. Due to this, the luxury business has been slow to adapt to the e-commerce model. The pure-play retailers are the leading players in the market. Net-A-Porter stands as the leading player in the US market selling high end luxury. Other players include ASOS and MR Porter.”

According to the report, one of the major drivers for this market is rising tourist spending. Luxury tourism spending has been one of the major growth contributors in the market. At a global level, the US and European countries are considered to be the major destinations for luxury tourism. The non-availability of many luxury products and brands or the high prices of the available ones in their home regions drive many South and Central American and Asian customers to European countries.

Further, the report states that one of the major factors hindering the growth of this market is presence of counterfeit products. With the growing demand for leather fashion products, manufacturers are finding difficulty in dealing with counterfeit products. Counterfeit products not only affect the actual brands in terms of revenue, but also negatively affect the goodwill of original brands.

Companies Mentioned

Estée Lauder, L'Oréal, Luxottica, LVMH, Richemont, The Swatch Group, BURBERRY, BREITLING, CHANEL, COACH, Giorgio Armani, Kate Spade, Kering, Nina Ricci, PRADA, Tiffany, Valentino Fashion Group, Hermès, Ralph Lauren, VF Corporation.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Global profile
    • Table World population 2010-2015 (billions)
    • Table Urban population 2011-2015
    • Table Employment to population ratio 2010-2014
    • Table World Internet penetration rate 2009-2014
    • Table World mobile cellular subscription rate 2009-2014
  • Market landscape
    • Market overview
    • An overview of luxury goods market
      • Table Segmentation of luxury goods, 2016
      • Table Global personal luxury goods market segmentation 2016
    • Global personal luxury goods market
      • Table Global personal luxury goods market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global personal luxury goods market segmentation by product 2016
      • Table Global personal luxury goods market segmentation by product 2021
    • Global luxury accessories market
      • Table Global luxury accessories market 2016-2021 ($ billions)
      • Table Segmentation of luxury accessories market 2016 (% revenue)
    • Global luxury apparel market
      • Table Global luxury apparel market 2016-2021 ($ billions)
      • Table Segmentation of luxury apparel market 2016 (% revenue)
    • Global luxury watches and jewelry market
      • Table Global luxury watches and jewelry market 2016-2021($ billions)
      • Table Segmentation of luxury watches and jewelry market 2016 (% revenue)
    • Global luxury cosmetics market
      • Table Global luxury cosmetics market 2016-2021($ billions)
    • Other personal luxury products market
      • Table Global other personal luxury products market 2016-2021 ($ billions)
  • Segmentation by retail format
    • Distribution channel by store format sales
      • Table Global luxury apparel market by store format 2016
      • Table Global luxury accessories market by store format 2016
      • Table Global luxury watch market by store format 2016
      • Table Global luxury jewelry market by store format 2016
      • Table Global luxury cosmetics market by store format 2016
  • Geographical segmentation
    • Geographic segmentation of personal luxury goods market
      • Table Geographical segmentation of global personal luxury goods 2016
      • Table Geographical segmentation of global personal luxury goods 2021
    • Personal luxury goods market in the Americas
      • Table Personal luxury goods market in the Americas 2016-2021 ($ billions)
    • Personal luxury goods market in Europe
      • Table Personal luxury goods market in the Europe by revenue 2016-2021 ($ billions)
    • Personal luxury goods market in APAC
      • Table Personal luxury goods market in the APAC by revenue 2016-2021 ($ billions)
    • Personal luxury goods market in MEA
      • Table Personal luxury goods market in the MEA by revenue 2016-2021 ($ billions)
  • Key leading countries
    • Top five leading countries
      • Table Key leading countries in terms of market share 2016
    • Personal luxury goods market in the US
    • Personal luxury goods market in Japan
    • Personal luxury goods market in China
    • Personal luxury goods market in Italy
    • Personal luxury goods market in France
  • Market drivers
    • Rising tourist spending
      • Table Top travel activities in the US 2015
    • Strong branding and brand positioning influencing purchase decision
      • Table Positioning of different luxury brands
    • Growing demand for affordable luxury
    • Tendency to gift luxury items
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Presence of counterfeit products
    • Unstable economic and political impact
    • Secondhand luxury goods market impacting first hand purchase
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Customization and personalization of products
    • Omni-channel distribution
    • Integration of technology for better customer experience
  • Vendor landscape
    • Competitive scenario
    • Key focus points
      • Table Key focus points for players
    • Competitive assessment of key vendors
    • Estée Lauder
      • Table Estée Lauder: Product segmentation by revenue 2016
      • Table Estée Lauder: Product segmentation by revenue 2015 and 2016 ($ billions)
      • Table Estée Lauder: Geographical segmentation by revenue 2016
    • L'Oréal
      • Table L'Oréal: Business segmentation by revenue 2015
      • Table L'Oréal: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table L'Oréal: Geographical segmentation by revenue 2015
    • LVMH
      • Table LVMH: Business segmentation by revenue 2015
      • Table LVMH: Geographical segmentation by revenue 2015
    • Luxottica
      • Table Luxottica: Business segmentation by revenue 2015
      • Table Luxottica: Geographical segmentation by revenue 2015
    • Richemont
      • Table Richemont: Business segmentation by Revenue, 2016
      • Table Richemont: Business segmentation by revenue 2015 and 2016 ($ billions)
      • Table Richemont: Geographical segmentation by revenue 2016
    • Swatch Group
      • Table Swatch Group: Business segmentation by revenue 2015
      • Table Swatch Group: Geographical segmentation by revenue 2015
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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