Global Luxury Goods Market: Regional Prospects, Investment Analysis, Opportunities, Trends, FDI, Import and Export Analysis, Entry Strategies and Forecast up to 2025

Global Luxury Goods Market: Regional Prospects, Investment Analysis, Opportunities, Trends, FDI, Import and Export Analysis, Entry Strategies and Forecast up to 2025

The global luxury goods market was sized near USD 324.59 billion in 2018. The global luxury goods market is projected to grow with a CAGR of 2.92% during 2019-2025. Luxury goods are products that are not essential but are highly desired and associated with wealthy or affluent people. The global luxury goods market is growing due to the rising number of high net worth individuals (HNIs) in every nation, and increasing disposable income among the aspiring upper-middle-class population.

Rise in the number of high nets worth individuals’ and changing lifestyles. The number of high net worth individuals is increasing in the USA, China, UK, Hong Kong, and some other emerging economies. Economic prosperity in emerging economies in Asia, Latin America, the Middle East, and Africa reflect the rise in high net worth individuals as well. Moreover, Tourism drives the sales of luxury goods. Traveler’s account for one-third of global sales of luxury goods. Tourists tend to buy luxury goods from abroad. There is prestige attached to buying luxury goods from fashionable cities such as London, New York, Los Angeles, Milan, Paris, Dubai and Singapore among others. In Europe, tourists account for a significant percentage of sales of luxury goods.

However, rising counterfeiting affects sales and brand value. Counterfeiting affects the global luxury goods market in a big way. Luxury brands incurred loss worth nearly 30 billion due to online sales. Counterfeiting affects the brand value of luxury goods manufacturers. Fake websites similar to the branded ones draw unsuspecting consumers who look to buy branded luxury goods online are expected to hinder the growth of the global luxury goods market.

Nonetheless, earlier luxury brand manufacturing companies were resistant to selling online, fearful that the internet’s mass access would damage luxury brands’ exclusivity. Ease of availability of luxury goods through E-commerce. Growing digitalization, the luxury goods companies are developing their own platforms to sell their products online. For this, these companies are either collaborating with multi-brand sites or developing their own platforms or both are expected to create a new opportunity for the global luxury goods market over the forecast period.

On the basis of region luxury goods market categorized into North America, Latin America, the Middle East, and Africa, Europe, and the Asia Pacific. Luxury goods saw a slightly slower growth rate in 2018 when compared with the review period CAGR in Italy, as value sales in the review period were favored by the effect of the 2015 Expo in Milan. Although still steady in 2018, international retail expenditure on luxury goods showed lower growth compared with 2017, as Italy faced higher competition as a destination for luxury tourists from countries such as France and the UK, which were finally perceived as safer after past terrorist attacks. Luxury goods in North America faced a slight current value decline, as demand shifted in multiple categories in 2018. A major theme across luxury goods is the role of the millennial population, which is soon to become the largest consuming generation, as the baby boomer generation fades. The ongoing change of the meaning of luxury in the US in recent years continued in 2018. More than ever, it is evident that quality, sustainability, and story are important in the purchasing habits of US consumers. It is estimated that Latin America will see a rise of 42 percent in the number of millionaires that call the area home by 2025. With the growth of millionaire residents bring with it the need for the luxury brands that they are accustomed to. Latin America has seen a large increase in the number of international luxury brands that are setting up shops throughout the region.

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The global luxury goods market was sized near USD 324.59 billion in 2018. The global luxury goods market is projected to grow with a CAGR of 2.92% during 2019-2025. Luxury goods are products that are not essential but are highly desired and associated with wealthy or affluent people. The global luxury goods market is growing due to the rising number of high net worth individuals (HNIs) in every nation, and increasing disposable income among the aspiring upper-middle-class population.

1 Preface
1.1 Introduction
1.1.1 Segmentation and Research Scope
1.1.2 Definition, Abbreviations, and Assumptions
1.2 Research Methodology
1.2.1 Methodology
1.2.2 Research Methodology: An Outline
1.3 Research Approaches
2 Executive Summary
2.1 Global Luxury Goods Market Highlights, (USD BILLION)
2.2 Global Luxury Goods Market Projection
2.3 Investment and Revenue Pockets
2.4 Global Luxury Goods Market Regional Opportunities
3 Market Overview & Competitiveness
3.1 Introduction
3.2 DRO Analysis
3.2.1 Drivers
3.2.1.1 Tourism Drives the Sales of Luxury Goods
3.2.1.2 Rise in the Number of High Net Worth Individuals’ and Changing Lifestyle
3.2.1.3 Opening of New Stores in More Strategic Locations, Streamlining of Portfolios
3.2.2 Restraints
3.2.2.1 Rising Counterfeiting Affect Sales and Brand Value
3.2.2.2 High Operating Cost
3.2.3 Opportunities
3.2.3.1 Ease of Availability of Luxury Goods Through E-commerce
3.3 Value Chain Analysis and Opportunities
3.3.1 Value Chain Analysis Framework
3.3.2 Investment Opportunities in the Value Chain
3.4 Market Attractiveness Analysis
3.5 Market Structures by Regions
3.5.1 North America
3.5.2 Europe
3.5.3 Asia-Pacific
3.5.4 Middle East and Africa
3.5.5 Latin America
3.6 Global Luxury Goods Market Competitive Landscape and Leading Companies
3.6.1 Top 10 Companies in the World by Market Share or Market Presence
3.6.2 Key Marketing Strategies Analysis
3.6.3 Top 20 Industry Developments
3.7 Company Profiles
3.7.1 Estee Lauder Companies Inc.
3.7.1.1 Overview
3.7.1.2 Company Snapshot
3.7.1.3 Financial Snapshot
3.7.1.4 Financial Snapshot
3.7.1.5 Financial Snapshot
3.7.1.6 Product Portfolio
3.7.2 Chanel S A
3.7.2.1 Overview
3.7.2.2 Company Snapshot
3.7.2.3 Product Portfolio
3.7.2.4 Recent Development
3.7.3 L'Oréal
3.7.3.1 Overview
3.7.3.2 Company Snapshot
3.7.3.3 Financial Snapshot
3.7.3.4 Financial Snapshot
3.7.3.5 Financial Snapshot
3.7.3.6 Product Portfolio
3.7.3.7 Recent Development
3.7.4 LVMH
3.7.4.1 Overview
3.7.4.2 Company Snapshot
3.7.4.3 Financial Snapshot
3.7.4.4 Financial Snapshot
3.7.4.5 Financial Snapshot
3.7.4.6 Product Portfolio
3.7.4.7 Recent Development
3.7.5 Kering S.A.
3.7.5.1 Overview
3.7.5.2 Company Snapshot
3.7.5.3 Financial Snapshot
3.7.5.4 Product Portfolio
3.7.5.5 Recent Development
3.7.6 Shiseido Company, Ltd.
3.7.6.1 Overview
3.7.6.2 Company Snapshot
3.7.6.3 Financial Snapshot
3.7.6.4 Financial Snapshot
3.7.6.5 Financial Snapshot
3.7.6.6 Product Portfolio
3.7.6.7 Recent Development
3.7.7 Prada S.p.A.
3.7.7.1 Overview
3.7.7.2 Company Snapshot
3.7.7.3 Financial Snapshot
3.7.7.4 Financial Snapshot
3.7.7.5 Product Portfolio
3.7.8 Ralph Lauren Corporation
3.7.8.1 Overview
3.7.8.2 Company Snapshot
3.7.8.3 Financial Snapshot
3.7.8.4 Financial Snapshot
3.7.8.5 Product Portfolio
3.7.8.6 Recent Development
3.7.9 The Swatch Group Ltd
3.7.9.1 Overview
3.7.9.2 Company Snapshot
3.7.9.3 Financial Snapshot
3.7.9.4 Financial Snapshot
3.7.9.5 Financial Snapshot
3.7.9.6 Product Portfolio
3.7.9.7 Recent Development
3.7.10 LUXOTTICA GROUP
3.7.10.1 Overview
3.7.10.2 Company Snapshot
3.7.10.3 Financial Snapshot
3.7.10.4 Financial Snapshot
3.7.10.5 Financial Snapshot
3.7.10.6 Product Portfolio
3.7.10.7 Recent Development
3.7.11 Tiffany & Co.
3.7.11.1 Overview
3.7.11.2 Company Snapshot
3.7.11.3 Financial Snapshot
3.7.11.4 Financial Snapshot
3.7.11.5 Financial Snapshot
3.7.11.6 Product Portfolio
3.7.11.7 Recent Development
3.7.12 Richemont
3.7.12.1 Overview
3.7.12.2 Company Snapshot
3.7.12.3 Financial Snapshot
3.7.12.4 Financial Snapshot
3.7.12.5 Financial Snapshot
3.7.12.6 Product Portfolio
3.7.12.7 Recent Development
3.7.13 Rolex
3.7.13.1 Overview
3.7.13.2 Company Snapshot
3.7.13.3 Product Portfolio
3.7.14 Hermès
3.7.14.1 Overview
3.7.14.2 Company Snapshot
3.7.14.3 Financial Snapshot
3.7.14.4 Financial Snapshot
3.7.14.5 Financial Snapshot
3.7.14.6 Product Portfolio
3.7.14.7 Recent Development
3.7.15 Graff Diamonds
3.7.15.1 Overview
3.7.15.2 Company Snapshot
3.7.15.3 Financial Snapshot
3.7.15.4 Product Portfolio
3.7.15.5 Recent Development
4 Global Luxury Goods Market: Regional Prospects, Investment Analysis, Opportunities, Trends, FDI, Import and Export Analysis, Entry Strategies and Forecast up to 2025
4.1 Overview
4.1.1 Market Sizing and General Trends
4.1.2 IGR Matrix
5 Global Luxury Goods Market, by Region
5.1 Overview
5.2 North America Luxury Goods Market
5.2.1 North America Luxury Goods Market, by Product Type
5.2.2 North America Luxury Goods Market, by Gender
5.2.3 North America Luxury Goods Market, by Mode of Sale
5.2.4 North America Luxury Goods Market, by Country
5.2.4.1 The U.S.
5.2.4.1.1 Legal and Government Framework
5.2.4.1.2 Import Export Data and Top 5 Export Destinations
5.2.4.1.3 Tax and Tariff Structure
5.2.4.1.4 FDI Norms
5.2.4.1.5 FDI Current Vs Past and Prospects
5.2.4.1.6 Procedures for Investment in the U.S.
5.2.4.1.7 Modes of Entry in the U.S.
5.2.4.1.8 PESTEL Analysis (PPP)
5.2.4.1.9 Factor Analysis
5.2.4.1.10 Porter Diamond Model
5.3 Europe Luxury Goods Market
5.3.1 Europe Luxury Goods Market, by Product Type
5.3.2 Europe Luxury Goods Market, by Gender
5.3.3 Europe Luxury Goods Market, by Mode of Sale
5.3.4 Europe Luxury Goods Market, by Country
5.3.4.1 Germany
5.3.4.1.1 Legal and Government Framework
5.3.4.1.2 Import Export Data and Top 5 Export Destinations
5.3.4.1.3 Tax and Tariff Structure
5.3.4.1.4 FDI norms
5.3.4.1.5 FDI Current Vs Past and Prospects
5.3.4.1.6 Procedures for Investment in Germany
5.3.4.1.7 Modes of Entry in Germany
5.3.4.1.8 PESTEL Analysis (PPP)
5.3.4.1.9 Factor Analysis
5.3.4.1.10 Porter Diamond Model
5.4 Asia-Pacific Luxury Goods Market
5.4.1 Asia-Pacific Luxury Goods Market, by Product Type
5.4.2 Asia-Pacific Luxury Goods Market, by Gender
5.4.3 Asia-Pacific Luxury Goods Market, by Mode of Sale
5.4.4 Asia-Pacific Luxury Goods Market, by Country
5.4.4.1 China
5.4.4.1.1 Legal and Government Framework
5.4.4.1.2 Import Export Data and Top 5 Export Destinations
5.4.4.1.3 Tax and Tariff Structure
5.4.4.1.4 FDI norms
5.4.4.1.5 FDI Current Vs Past and Prospects
5.4.4.1.6 Procedures for Investment in China
5.4.4.1.7 Modes of Entry in China
5.4.4.1.8 PESTEL Analysis (PPP)
5.4.4.1.9 Factor Analysis
5.4.4.1.10 Porter Diamond Model
5.5 MEA Luxury Goods Market
5.5.1 MEA Luxury Goods Market, by Product Type
5.5.2 MEA Luxury Goods Market, by Gender
5.5.3 MEA Luxury Goods Market, by Mode of Sale
5.5.4 MEA Luxury Goods Market, by Country
5.5.4.1 Africa
5.5.4.1.1 Legal and Government Framework
5.5.4.1.2 Import Export Data and Top 5 Export Destinations
5.5.4.1.3 Tax and Tariff Structure
5.5.4.1.4 FDI norms
5.5.4.1.5 FDI Current Vs Past and Prospects
5.5.4.1.6 Procedures for Investment in Africa
5.5.4.1.7 Modes of Entry in Africa
5.5.4.1.8 PESTEL Analysis (PPP)
5.5.4.1.9 Factor Analysis
5.5.4.1.10 Porter Diamond Model
5.6 Latin America Luxury Goods Market
5.6.1 Latin America Luxury Goods Market, by Product Type
5.6.2 Latin America Luxury Goods Market, by Gender
5.6.3 Latin America Luxury Goods Market, by Mode of Sale
5.6.4 Latin America Luxury Goods Market, by Country
5.6.4.1 Brazil
5.6.4.1.1 Legal and Government Framework
5.6.4.1.2 Import Export Data and Top 5 Export Destinations
5.6.4.1.3 Tax and Tariff Structure
5.6.4.1.4 FDI norms
5.6.4.1.5 FDI Current Vs Past and Prospects
5.6.4.1.6 Procedures for Investment in Brazil
5.6.4.1.7 Modes of Entry in Brazil
5.6.4.1.8 PESTEL Analysis (PPP)
5.6.4.1.9 Factor Analysis
5.6.4.1.10 Porter Diamond Model
6 Global Luxury Goods Market, by Product Type
6.1 Overview
6.2 Designer Wear & Footwear
6.3 Jewelry
6.4 Accessories
6.5 Travel Goods
6.6 Fine Wine/champagne and Spirits
6.7 Cosmetics
6.8 Other Product Types
7 Global Luxury Goods Market, by Gender
7.1 Overview
7.2 Male
7.3 Female
8 Global Luxury Goods Market, by Mode of Sale
8.1 Overview
8.2 Retail
8.3 Online
9 Strategic Recommendations
10 Conclusion
11 Appendix

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