Global Personal Luxury Goods Market 2017-2021 with L’Oreal, LVMH and Others – Research and Markets
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Personal Luxury Goods Market 2017-2021″ report to their
offering.
The report, Global Personal Luxury Goods Market 2017-2021, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects
over the coming years. The report also includes a discussion of the key
vendors operating in this market.
The latest trend gaining momentum in the market is omni-channel
distribution. In the world of luxury, brand experience and perception
stands to be more important than price. Luxury brands such as PRADA,
Rolex, and CHANEL offer premium in-store experience and are uneasy about
adopting the online channel as they see it as a threat to exclusivity.
Due to this, the luxury business has been slow to adapt to the
e-commerce model. The pure-play retailers are the leading players in the
market. Net-A-Porter stands as the leading player in the US market
selling high end luxury. Other players include ASOS and MR Porter.
According to the report, one of the major drivers for this market is
rising tourist spending. Luxury tourism spending has been one of the
major growth contributors in the market. At a global level, the US and
European countries are considered to be the major destinations for
luxury tourism. The non-availability of many luxury products and brands
or the high prices of the available ones in their home regions drive
many South and Central American and Asian customers to European
countries.
Key vendors
– Estée Lauder
– L’Oréal
– Luxottica
– LVMH
– Richemont
– The Swatch Group
Other prominent vendors
– BURBERRY
– BREITLING
– CHANEL
– COACH
– Giorgio Armani
– Kate Spade
– Kering
– Nina Ricci
– PRADA
– Tiffany
– Valentino Fashion Group
– Hermès
– Ralph Lauren
– VF Corporation
Market drivers
– Rising tourist spending
– For a full, detailed list, view the full report
Market challenges
– Presence of counterfeit products
– For a full, detailed list, view the full report
Market trends
– Omni-channel distribution
– For a full, detailed list, view the full report
For more information about this report visit http://www.researchandmarkets.com/research/tgwhrp/global_personal
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Related
Topics: Consumer
Goods and Services
