Luxury Goods Market Research
Luxury lifestyle is the driving force behind the expansion of the luxury goods market, which incorporates a diverse range of expensive products, such as, handbags, watches, jewelry, clothes, cosmetics, designer footwear, pens, yachts, luxurious wines and perfumes, among many others. Luxury products have large psychological associations, wherein they symbolize prestige, status symbol, esteem and exclusivity, that aid in boosting the industry performance.
As per research findings, the global luxury goods market is estimated to reach US$307.3 billion by 2015. Growth in the market, post recession is expected to be driven by factors such as diversification of the consumer base away from the conventional ultra rich consumers, changing consumer habits and values, and growing demand from emerging economies.
The Luxury Goods market research reports incorporate trend analysis, statistics, market size information, industry growth rates, as well as market share of competitors. The comprehensive research also goes on to examine details such as technology & systems and domestic & international markets.
The study is an essential resource for top-level data and analysis covering the luxury goods industry. It includes detailed data on market size and segmentation, comprehensive analysis of the key trends and competitive landscape, and profiles of the leading companies.