China has been at the forefront of the luxury goods industry worldwide for many years now. With a booming economy and rising incomes across the country, luxury goods found solid growth within China.
However, a recent anti-corruption policy that restricts gift sales combined with a sluggish GDP growth, the luxury goods market in China has taken a hit. The market experienced sluggish growth in 2013 but rebounded again in 2014 and 2015 as the leading market players promoted the concept of personal consumption of luxury goods.
In the coming years, the Chinese luxury goods market is expected to return to a healthy growth rate and continue to grow in spite of a slower economic growth. By 2020, China is again expected to become one of the biggest luxury goods market in the world.
Taiyou Research’s report Luxury Goods Market in China analyzes the market for luxury goods in China. The report covers the following:
Industry overview and sales figures.
Growth pattern analysis of the luxury goods market in China.
Analysis of the impact of social media on the market.
Growing impact of women on the Chinese luxury goods market.
Analysis of the competition in the industry.
An analysis of the major industry players and their strategies to move ahead and sustain their growth in the industry.
Industry outlook till 2020 along with an analysis of the impact of various trends on the market in the coming years.