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Luxury Goods Market in China 2015-2019

Luxury Goods Market in China 2015-2019

About Luxury Goods

Luxury goods are non-essential goods that are indicative of higher social and cultural status. Purchasing luxury goods depends on affordability, income and assets. The demand for these goods is proportional to the increase in the disposable income. These goods are often purchased as a status symbol worldwide.

TechNavio's analysts forecast the Luxury Goods market in China to grow at a CAGR of 9.64 percent over the period 2014-2019.

Covered in this Report

The Luxury Goods market in China consists of the following goods: watches, cosmetics, perfume and personal care, leather goods, men' wear, jewelry, footwear, women's wear, and accessories.

TechNavio's report, the Luxury Goods Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report provides a brief demographic profile of China and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

  • Chanel
  • Gucci
  • L'Oréal
  • LVMH
Other Prominent Vendors
  • Armani
  • Burberry
  • Cartier
  • Coach
  • Estée Launder
  • Hermés International
  • Hugo Boss
  • Logines
  • Omega
  • Prada
  • Rolex
  • Shiseido
  • Tiffany
Key Market Driver
  • Favourable Demographic Factors
  • For a full, detailed list, view our report
Key Market Challenge
  • Availability of Counterfeit Product
  • For a full, detailed list, view our report
Key Market Trend
  • Increase in Penetration of E-commerce
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 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 – Luxury Goods Market in China 2015-2019

TechNavio recognizes the following companies as the key players in the Luxury Goods Market in China: Chanel SA, Gucci SpA, L'Oréal SA and LVMH Group.

Other Prominent Vendors in the market are: Armani, Burberry, Cartier, Coach, Estée Lauder, Hermés International, Hugo Boss, Longines, Omega, Prada, Rolex, Shiseido, and Tiffany.

Commenting on the report, an analyst from TechNavio’s team said: “The increased penetration of e-commerce is one of the key trends upcoming in the Luxury Goods market in China. Vendors can connect with consumers in a better way, and the sale of luxury brands has increased because of increased online presence. Luxury brand owners have launched websites in Chinese to communicate better with regional consumers.”

According to the report, favorable demographic factors such as increases in urbanization and disposable income, and a rise in the middle class population are driving the sale of luxury goods in China. People buy luxury goods in China to improve their standard of living, to stand apart from the crowd, express individuality, as a status symbol, and for an overall consumer experience.

Further, the report states that counterfeits of leading global luxury brands have flooded the Luxury Goods market in China and are causing a considerable dent in the market shares of leading popular brands. These products are priced lower than the original products to attract customers.

Companies Mentioned

Chanel , Gucci, L'Oréal , LVMH, Armani, Burberry, Cartier, Coach, Estée Launder, Hermés International, Hugo Boss, Logines, Omega, Prada , Rolex, Shiseido , Tiffany

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Overview of China
    • Economic Overview
      • Table China's Per Capita GDP 2008-2013 (US$)
      • Inflation in China
        • Table CPI Inflation Rate in China
  • Market Landscape
    • Market Overview
      • Table Segmentation of Luxury Goods Market in China by Product
    • Market Size and Forecast
      • Table Luxury Goods Market in China 2014-2019 (US$ billion)
    • Five Forces Analysis
  • Market Segmentation by Product
    • Segmentation of Luxury Goods Market in China by Product 2014
      • Table Segmentation of Luxury Goods Market in China by Product 2014
    • Luxury Watches Market in China
      • Market Size and Forecast
        • Table Luxury Watches Market in China 2014-2019 (US$ billion)
    • Luxury Cosmetics, Perfume, and Personal Care Products Market in China
      • Market Size and Forecast
        • Table Luxury Cosmetics, Perfume, and Personal Care Products Market in China 2014-2019 (US$ billion)
    • Luxury Leather Goods Market in China
      • Market Size and Forecast
        • Table Luxury Leather Goods Market in China 2014-2019 (US$ billion)
    • Luxury Men's Wear Market in China
      • Market Size and Forecast
        • Table Luxury Men's Wear Market in China 2014-2019 (US$ billion)
    • Luxury Jewelry Market in China
      • Market Size and Forecast
        • Table Luxury Jewelry Market in China 2014-2019 (US$ billion)
    • Luxury Footwear Market in China
      • Market Size and Forecast
        • Table Luxury Footwear Market in China 2014-2019 (US$ billion)
    • Luxury Women's Wear Market in China
      • Market Size and Forecast
        • Table Luxury Women's Wear Market in China 2014-2019 (US$ billion)
    • Luxury Accessories Market in China
      • Market Size and Forecast
        • Table Luxury Accessories Market in China 2014-2019 (US$ billion)
  • Distribution Channels for Overseas Purchase
    • Distribution Channels for Overseas Purchase of Luxury Goods by Chinese Consumers
      • Table Segmentation of Distribution Channels for Overseas Purchase of Luxury Goods by Chinese Consumers 2014
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
    • Table Luxury Goods Buying Patterns of Chinese Consumers 2014
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
    • Vendor Rankings 2014
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Chanel
      • Key Facts
      • Business Overview
      • Recent Developments
      • SWOT Analysis
    • Gucci
      • Key Facts
      • Business Overview
      • Product Segmentation by Revenue 2013
        • Table Gucci: Product Segmentation by Revenue 2013
      • Geographical Segmentation by Revenue 2013
        • Table Gucci: Geographical Segmentation by Revenue 2013
      • SWOT Analysis
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      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
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      • Business Segmentation by Revenue 2012 and 2013
        • Table Shoulder-fired Weapons Market in North America 2015-2019: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
      • Geographical Segmentation by Revenue 2013
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      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • LVMH Group
      • Key Facts
      • Business Overview
      • Business Segmentation
        • Table LVMH Group: Business Segmentation 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table LVMH Group: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
      • Geographical Segmentation by Revenue 2013
        • Table LVMH Group: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
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