A recovery in the Indian economy in 2014 has led to the luxury goods market growing strongly within the country. Adding to the growing economy, rising incomes and consumers' willingness to spend has also contributed substantially to the growth of the Indian luxury goods industry. Furthermore, rapid urbanization and modernization within the country has also helped this sector boom like never before. In fact, there are now entire malls that are solely dedicated to selling luxury goods.
The Indian luxury goods sector has been witness to the growing presence of all major luxury brands of the world such as LVMH Watch & Jewelry India Pvt. Ltd., Genesis Luxury Fashion Pvt. Ltd, Burberry India and Hermès India Ltd.
Taiyou Research’s report Luxury Goods Market in India analyzes the market for luxury goods in India. The report covers the following:
Industry overview and sales figures.
An analysis of how the fragmented Indian luxury goods market is offering growth opportunities to luxury brands worldwide.
An analysis of the growing economy and its impact on the luxury goods market.
Analysis of the dominance of store-based retail over online retail in the industry even now.
A look at India's young demographic and how it is driving industry growth.
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.