Luxury Goods in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the China luxury goods market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The Luxury goods market presents the revenues at retail sales value from retailers specifically dealing with Luxury Jewellery & Watches, Bags & Accessories, Apparel & Footwear and Cosmetics & Fragrances.
Any currency conversions used in this report have been calculated using constant annual 2016 average exchange rates.
The Chinese luxury goods market is expected to generate total revenues of $19.5bn in 2017, representing a compound annual growth rate (CAGR) of 4.1% between 2013 and 2017.
The jewellery & watches segment is expected to be the market's most lucrative in 2017, with total revenues of $7.7bn, equivalent to 39.6% of the market's overall value.
Chinese consumers are the most important in the luxury goods market. They make up a third of the total customers for this market and they drive sales all over the world for a number of reasons. In the west the millennial generation is less interested in traditional luxury goods firms, but in China the new generation is very much interested in luxury goods as the Chinese middle class continues to expand and spend.
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What was the size of the China luxury goods market by value in 2017?
What will be the size of the China luxury goods market in 2022?
What factors are affecting the strength of competition in the China luxury goods market?
How has the market performed over the last five years?
What are the main segments that make up China's luxury goods market?