1. Market Research
  2. > Consumer Goods Market Trends
  3. >Luxury Goods

High-End Goods Market: Complete Sector Overview & Reports

  • Currently3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
50 votes

Global Luxury Goods Industry

The global luxury goods industry,part of theconsumer goods sector,should exceed $307 billion by 2015,according to research from private firm Global Industry Analysts.The market will be driven by rising income as the economy recovers after the recession.Other relevant factors to the market include consumer diversification,as there is a shift in target demographics away from very affluent consumers,and a change in lifestyles that means luxury goods are attainable to a wider population.Luxury products include clothing,footwear,jewelry,handbags,wines,yachts,perfumes,watches and cosmetics.

Luxury goods manufacturers meet consumer demand by focusing on brand,aesthetics,quality materials,superior craftsmanship and pricing to transform everyday objects into status symbols.The industry rises and falls in tandem with the gross domestic product,seeing demand climb in times of economic stability and plummeting in unfavorable economic climates as consumers cut back on non-essential spending.

Asia-Pacific is expected to record almost 16% annual growth in luxury goods between 2007 and 2015.Luxury watches represent the leading market segment in terms of value with over 17% of the overall market,while cosmetics represent the fastest-growing market segment.

Luxury Goods Sector Key Market Segments

The world apparel,accessories and luxury goods market is expected to record yearly growth of almost 3.5% in the five-year period ending 2015,to reach almost $1.7 trillion,reports MarketLine.Womenswear represents the largest market segment,generating almost $603 billion or 42% of the overall market.

The global gourmet products market enjoys strong demand,as consumers are willing to pay extra for ethical food and drink,a factor that looms large in gourmet advertising.Products claiming health benefits are also successful,reports Business Insights.

Koncept Analytics estimates the US,the UK and France hold a combined 75% of the global champagne market,which has recorded 8% growth in shipments recently,a strong indicator that the market is recovering after the economic recession.Key players in the global champagne industry include Laurent Perrier,Moët Hennessy Louis Vuitton,Lanson-BCC and Vranken-Pommery.

The global luxury car market is recording strong growth in China,with forecast sales of almost 910,000 units in 2011,according to Dion Research,representing 25% year-on-year expansion.The market,which is expected to expand by a further 20% in 2012,is driven by increasing spending capacity,new car launches and new manufacturing sites.

Luxury car demand in India is particularly strong,recording its highest-ever sales in the first quarter of 2011,reports Smart Research Insights.Companies such as Audi,Aston Martin,Mercedes and BMW are likely to focus on India in the coming years.The 2010 luxury car market in India sold around 18,000 units,and numbers are forecast to climb to 30,000 before 2015.

Read more »

Customer Support

Talk toSam

+44 208 068 8943

28 Reports
Demand,Market Size,Supply
310 Statistics
Market Size,Demand,Market
20 Reports
110 Statistics
Market Size,Demand,Supply
3 Reports
Demand,Market Size,Trade
55 Statistics
Market Size,Demand,Finance
33 Reports
Demand,Market Size,Trade
240 Statistics
Market Size,Demand,Finance
6 Reports
46 Statistics
Market Size,Demand,Finance
3 Reports
Supply,Demand,Market Size
2 Statistics
Market Size,Supply,Demand
4 Reports
Demand,Market Size,Forecast
11 Statistics
Demand,Market Size,Company Sales
3 Reports
Demand,Market Size,Supply
35 Statistics
Market Size,Demand,Finance
4 Reports
Demand,Supply,Corporate Finance
31 Statistics
Finance,Company Financials,Demand
8 Reports
Market Size,Demand,Forecast
30 Statistics
Market Size,Demand,Market
Search in Luxury Goods Industry (About 500 reports)
Parent industry: Consumer Goods
Related industries: Consumer Electronics,, Clothing and Textile,, Personal Care,, Office Supply,, Home Goods,, Toy and Game,, Sporting Goods,, Musical Instrument,, Marijuana

About 700 reports

Purchase Reports From Reputable Market Research Publishers

Hard Luxury Goods Market - Global Industry Analysis,Size,Share,Growth,Trends and Forecast 2017 - 2022

Hard Luxury Goods Industry: Forecasts to 2022

  • € 5082
  • Industry report
  • October 2017

Global Hard Luxury Goods Market: OverviewOf late the global market for hard luxury goods has been gaining noticeable impetus.With the rising presence of branded products among consumers,fueled by the ...

The Worldwide Luxury Furniture Sector,Forecast until 2 ... € 5082 September 2017

Autonomous Vehicle Market: Global Forecast until 2030 € 5045 October 2017

Global Luxury Goods Retailing,2017-2022: Market & Cate ... € 4341 June 2018

Trends in the Global Super Luxury Vehicles Market,2016 ... € 4341 June 2017

Luxury Goods Market: Global Industry Analysis,Trends,... € 4205 October 2018

Luxury Furniture Market: Global Industry Analysis,Tren ... € 4205 July 2018

Luxury Watches Market: Global Industry Analysis,Trend ... € 4205 July 2017

Sports Car Markets in China € 3508 May 2018

Luxury Packaging Market - Global Outlook and Forecast 2 ... € 3070 November 2018

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don't miss any news and follow us on