Global Luxury Goods Market Report: 2016 Edition

Global Luxury Goods Market Report: 2016 Edition

Luxury goods refer to products or services of superior quality that are distinguished from normal goods because of their unique craftsmanship, exclusivity and the reputation associated. They are characterized by their quality, price, scarcity, uniqueness, status, ancestral heritage and personal history. Luxury goods can reach the customers in three ways, through retail, wholesale or online. The wholesale route gives wider market exposure; retail channels give the opportunity for having direct contact with the customers, while the online mode gives flexibility to the customers.

Growing affluence and rising consumer consciousness have ensured sustained growth in the global luxury goods market, which is helmed by personal luxury goods at the forefront. Key factors driving this growth are rise in HNWI population, increased internet penetration, rise in urban population, increased number of millionaires and a rise in ageing population.

The report provides an overview of the global luxury goods market including the key trends, growth drivers and challenges associated. In recent years, demand for luxury goods has seen a rising trend in almost all the major regions of the world. This can be attributed to onset of the digital age and growing e-commerce coupled with an expanding off-price market that has led to narrowing of income and demand gaps between consumers. High tourist spending in Asia and burgeoning tourism are other trends in the global luxury good market. However, falling commodity prices and the ongoing oil crisis have led to a downward revision of the global GDP, posing a serious challenge for luxury consumption across the globe. China’s economic slowdown, geopolitical threats and financial volatility are other such factors that may affect the global luxury goods market in the years ahead.

Competition in this market is rather fragmented, with a number of companies closely competing with each other. However, Louis Vuitton-Moet Hennessey (LVMH) has persistently taken up the top spot as far as sales is concerned. Kering, Richemont, Luxottica and Hermes are closely competing.

The report has forecasted future trend in the global luxury goods market by combining SPSS Inc.’s data integration and analysis capabilities. Regression models have been created by employing various significant variables that have an impact on the market. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.


1. Market Overview
1.1 Introduction
1.2 Characteristics
Table 1: Characteristics of Luxury Products
1.3 Types of Luxury Brands
Table A: Types of Luxury Brand Segments
Table B: Luxury Goods’ Industry Classification
1.4 Channels of Distribution
Table 2: Distribution Channels of Luxury Goods
1.5 Regular vs. Luxury Goods
Table C: Difference between Regular and Luxury Goods
2. Global Luxury Goods Market
2.1 Global Luxury Goods Market by Value
Table 3: Global Luxury Goods Market by Value (2012-2015E)
2.2 Global Luxury Goods Market by Segment
Table 4: Global Luxury Goods Market by Segment (2015E)
3. Global Personal Luxury Goods Market by Value
Table 5: Personal Luxury Goods Market Revenue (2010-2015E)
3.1 Market by Category
Table 6: Global Personal Luxury Goods Market by Category (2013-2015E)
3.2 Market by Classification
Table 7: Global Personal Luxury Goods Market by Classification (2015E)
3.3 Market by Channels
Table 8: Global Personal Luxury Goods Market by Channel (2010-2015E)
3.4 Market by Format
Table 9: Global Personal Luxury Goods Market by Format (2015E)
3.5 Market by Pricing
Table 10: Global Personal Luxury Goods Market by Pricing (2015E)
3.6 Market by Nationality
Table 11: Global Personal Luxury Goods Market by Nationality (2014-2015E)
3.7 Market by Shopper’s Type
Table 12: Global Personal Luxury Goods Market by Shopper Type (2015E)
3.8 Market by Regions
Table 13: Global Personal Luxury Goods Market by Region (2015E)
3.8.1 The Americas
Table 14: The Americas Personal Luxury Goods Market Revenue (2013-2015E)
3.8.2 EMEA
Table 15: Europe’s Personal Luxury Goods Market Revenue (2010-2015E)
Table 16: Middle-East Personal Luxury Goods Market Revenue (2013-2015E)
Table 17: Africa’s Personal Luxury Goods Market Revenue (2013-2015E)
3.8.3 APAC
Table 18: Mainland China’s Personal Luxury Goods Market Revenue (2013-2015E)
Table 19: Hong Kong & Macau Personal Luxury Goods Market Revenue (2013-2015E)
Table 20: Japan’s Personal Luxury Goods Market Revenue (2013-2015E)
Table 21: Australia’s Personal Luxury Goods Market Revenue (2013-2015E
4. Global Luxury Cars Market
4.1 Global Luxury Cars Market by Value
Table 22: Global Luxury Cars Market Revenue (2010-2015E)
4.2 Global Luxury Cars Market by Segment
Table 23: Global Luxury Cars Market by Segment (2015E)
5. Global Luxury Food & Spirits Market
5.1 Global Luxury Food Market by Value
Table 24: Global Luxury Food Market Revenue (2012-2015E)
5.2 Global Luxury Food Market by Segment
Table 25: Global Luxury Food Market by Segment (2015E)
5.3 Global Luxury Spirits Market by Value
Table 26: Luxury Spirits Market Revenue (2012-2015E)
5.4 Global Luxury Spirits Market by Segment
Table 27: Global Luxury Spirits Market by Segment (2015E)
6. Global Luxury Cruises and Yacht & Private Jets Market
6.1 Global Luxury Cruises Market by Value
Table 28: Global Luxury Cruises Market Revenue (2012-2015E)
6.2 Global Yacht & Private Jets Market by Value
Table 29: Yacht & Private Jets Market Revenue (2012-2015E)
7. Market Dynamics
7.1 Key Trends
7.1.1 Increasing Demand for Luxury Goods
Table 30: Luxury Demand as Percentage of GDP (2010-2014)
7.1.2 High Tourist Spending in Asia
Table 31: Luxury Domestic and Tourist Demand by Region (2014)
7.1.3 Highest International Tourism Expenditure in China
Table 32: International Tourism Expenditure by Country (2014)
7.1.4 Jewelry, Gems and Watches Attractive for HNWI
Table 33: High Net-Worth Individuals Spending Pattern (2014)
7.1.5 China Leading in case of Middle-Class
Table 34: Global Middle Class Population by Country (2015)
7.1.6 Dominating Mono-Brand Sales Format
Table 35: Global Personal Luxury Goods Market by Sales Format (2015E)
7.1.7 Prominence of the Off-Price Format
Table 36: Global Off-Price Personal Luxury Goods Market by Category (2015E)
7.2 Growth Drivers
7.2.1 Rise in HNWI Population
Table 37: Global HNWI Population (2010-2014)
7.2.2 Increased Internet Penetration
Table 38: Global Internet Users (2010-2015E)
7.2.3 Rise in Urban Population
Table 39: Global Urban Population (2010-2014)
7.2.4 Increase in the Number of Millionaires
Table 40: Percentage Increase in the Number of Millionaires (2015-2020E)
7.2.5 Rising Ageing Population
Table 41: Global Population Over 50 Years of Age (2010-2015E)
7.3 Challenges
7.3.1 Global GDP Revised Down
Table 42: Global Gross Domestic Product (2010-2015E)
7.3.2 China’s Economic Slowdown
Table 43: China’s GDP Growth (2010-2014)
7.3.3 Geopolitical Threats
7.3.4 Financial Volatility
7.3.5 Changing Consumption Patterns
8. Competitive Landscape
8.1 Global Luxury Goods Market
Table 44: Global Luxury Goods Top Companies Revenue Comparison (2014)
8.2 Global Luxury Jewelry Market
Table 45: Global Rough Diamond Sales Share by Company (2014)
8.3 Global Luxury Eyewear Market
Table 46: Luxury Eyewear Market Share by Company (2014)
9. Company Profiles
9.1 LVMH Moet Hennessy Louis Vuitton
Table 47: LVMH’s Revenue Share by Business Segment (2014)
Table 48: LVMH’s Revenue Share by Geographic Region (2014)
9.1.2 Financial Overview
Table 49: LVMH’s Revenues and Net Income (2010-2015)
9.1.3 Business Strategies
9.2 Kering
9.2.1 Business Overview
Table 50: Kering’s Revenue Share by Business Segment (2015)
Table 51: Kering’s Revenue Share by Geographic Region (2015)
Table 52: Kering’s Revenues and Net Income (2010-2015)
9.2.3 Business Strategies
9.3 Richemont
9.3.1 Business Overview
Table 53: Richemont’s Revenue Share by Segments (2015)
Table 54: Richemont’s Revenue Share by Geographic Region (2015)
9.3.2 Financial Overview
Table 55: Richemont’s Revenues and Net Income (2010-2015)
9.2.3 Business Strategies
9.4 Luxottica
9.4.1 Business Overview
Table 56: Luxottica’s Revenue Share by Geographic Region (2014)
9.4.2 Financial Overview
Table 57: Luxottica’s Revenue and Net Income (2010-201
9.4.3 Business Strategies
10. Market Outlook
10.1 Global Personal Luxury Goods Market Forecast
Table 58: Global Personal Luxury Market Forecast (2014-2018F)
10.2 Forecast Methodology
Table D: Dependent & Independent Variables (2010– 2014)
10.2.1 Dependent and Independent Variables
10.2.2 Correlation Analysis
Table E: Correlation Matrix
Table F: Model Summary – Coefficient of Determination
Table G: Regression Coefficients Output

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