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Personal Luxury Goods Market in the US 2015-2019

Personal Luxury Goods Market in the US 2015-2019

About personal luxury goods

Personal luxury goods include luxury items used for personal use. Luxury could be defined by different individuals differently based on perceptions about products which could give them comfort and pleasure. On a larger scale, luxury is sometimes defined as products that have quality and have a high value attached to them. Luxury goods are products and services that are associated with affluence. The demand for luxury goods tends to increase more than proportionately as the income of an individual increases. However, with booming availability and accessibility of products at a lower price point and mass distribution, the concept of luxury goods has been refined. As economy grows, the personal luxury goods, which cover half of the luxury goods, are seeing a growing demand.

Technavio’s analysts forecast the personal luxury goods market in the US to grow at a CAGR of 5.00% during 2014-2019.

Covered in this report

The report covers the present scenario and the growth prospects of personal luxury goods market in the US for 2015-2019. To calculate the market size, the report considers revenue generated from sales of personal luxury goods in the market.

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

  • Apparel
  • Accessories
  • Hard luxury
  • Fragrances and cosmetics
  • Others
Technavio's report, Personal Luxury Goods Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also 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
  • Christian Dior
  • Estee Lauder Companies
  • Loreal
  • Luxottica
  • LVMH
  • Ralph Lauren
Other prominent vendors
  • Breitling
  • Burberry
  • Chanel
  • Coach
  • Giorgio Armani
  • Kate Spade
  • Kering
  • Nina Ricci
  • Prada
  • Richmont
  • Swatch Group
  • Tiffany
  • Valentine Fashion Group
Market driver
  • Rising spending by tourists
  • For a full, detailed list, view our report
Market challenge
  • Reducing exclusivity
  • For a full, detailed list, view our report
Market trend
  • Mass customization
  • 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 – Personal Luxury Goods Market in US 2015-2019

Technavio recognizes the following companies as the key players in the Personal Luxury Goods Market in US: Christian Dior, Estée Lauder, Loreal, Luxottica, LVMH and Ralph Lauren

Other Prominent Vendors in the market are: Burberry, Breitling, Chanel, Coach, Giorgio Armani, Kate Spade, Kering, Nina Ricci, Prada, Richemont, Swatch, Tiffany, and Valentino.

Commenting on the report, an analyst from Technavio’s team said: “There is an emerging group of customers that could give the US luxury market a boost. It is the new group of metrosexual men. With the rise of the metrosexual customer, certain luxury categories that were traditionally focused on women have started to focus on male customers. In the field of super-premium fragrances, the retail volume of men’s fragrances has risen relatively faster than that of women.”

According to the report, the growth of the personal luxury goods in the US market is expected to be driven by increasing tourist spending in the country and high disposable income.

Further, the report states that the market will likely encounter weak sales over the next five years with increasing adoption of sensible spending by the US population. Increased price differentials due to currency fluctuations and aging baby boomers will also negatively affect market growth during the forecast period.

Companies Mentioned

Christian Dior, Estée Lauder, Loreal, Luxottica, LVMH, Ralph Lauren, Burberry, Breitling, Chanel, Coach, Giorgio Armani, Kate Spade, Kering, Nina Ricci, Prada, Richemont, Swatch, Tiffany, Valentino.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global personal luxury goods market by segmentation
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Market overview 2014 and 2019
      • Table Spending on personal luxury goods in different countries through retail channel 2014 (revenue in billions)
    • City focus
      • Table Personal luxury goods market share in major US cities
    • Market size and forecast
      • Table Personal luxury goods market in the US ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market positioning
    • Table Positioning of brands
  • Market segmentation by products
    • Market overview
      • Table Personal luxury goods market in US by products 2014
      • Table Personal luxury goods market in the US 2014-2019
      • Table Categorization of personal luxury goods
    • Luxury apparels market in US
      • Table Luxury apparels market in the US 2014-2019 ($ billions)
    • Luxury accessories market in the US
      • Table Segmentation of luxury accessories market in the US
      • Table Luxury accessories market in the US 2014-2019 ($ billions)
    • Personal hard luxury market in the US
      • Table Segmentation of personal hard luxury market
      • Table Personal hard luxury goods in US market 2014-2019 ($ billions)
    • Fragrances and cosmetics
      • Table Fragrances and cosmetics market in US 2014-2019 ($ billions)
    • Others
      • Table Others luxury goods market in US 2014-2019 ($ billions)
  • Market segmentation by distributionchannel
    • Market overview
      • Table Market segmentation by distribution channel
      • Table Personal luxury goods market in the US by retail channel distribution 2014
    • Retail channel
      • Table Personal luxury goods market in the US by retail channel sales 2014-2019 ($ billions)
    • Online distribution
      • Table Personal luxury goods market in US by online sales 2014-2019 ($ billions)
    • Airport shops
      • Table Personal luxury goods market in US by airport retail sales 2014-2019($ billions)
  • Market drivers
    • Rising tourist spending
      • Table Spending division among consumers 2014
    • High disposable income
    • Increasing upper-income population
    • Growing popularity of e-commerce
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Aging baby boomers
    • Reducing exclusivity
    • Easy availability of counterfeit personal luxury goods
    • Currency fluctuations
      • Table Currency fluctuations 2014 for USD and Yen
      • Table Currency fluctuation in 2014 for USD and Yuan
      • Table Currency fluctuation in 2014 for USD and Euro
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • New customers and demands
    • Experiential marketing
    • Mass customization
    • Adoption of omni-channel distribution
  • Vendor landscape
    • Competitive scenario
    • Market share analysis
      • Table Market share of key vendors in the US by revenue 2014
    • Other prominent vendors
  • Key vendor analysis
    • Christian Dior
      • Table Christian Dior: Business segmentation by revenue 2015
      • Table Christian Dior: Business segmentation by revenue 2014 and 2015 ($ billions)
    • Estée Lauder
      • Table Estée Lauder: Product segmentation by revenue 2014
      • Table Estée Lauder: Product segmentation by revenue 2013 and 2014 ($ billions)
      • Table Estée Lauder: Geographical segmentation by revenue 2014
    • L'Oréal
      • Table L'Oréal: Business segmentation by revenue 2014
      • Table L'Oréal: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table L'Oréal: Geographical segmentation by revenue 2014
    • Luxottica
      • Table Luxottica: Business segmentation by revenue 2014
      • Table Luxottica: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Luxottica: Geographical segmentation by revenue 2014
    • LVMH
      • Table LVMH: Business segmentation by revenue 2014
      • Table LVMH: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table LVMH: Geographical segmentation by revenue 2014
    • Ralph Lauren
      • Table Ralph Lauren: Business segmentation by revenue 2015
      • Table Ralph Lauren: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Ralph Lauren: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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