The global demand for Personal Luxury Goods Market is presumed to reach the valuation of nearlyUSD XX MN by 2027 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2020-2027.
The luxury goods that are used by the people for self-grooming purposes such as apparels, shoes, beauty products and jewelry among others are defined as the personal luxury goods. These are not necessary but are intended to provide comfort and pleasure to the consumer. These goods are typically more expensive and mostly purchased by the individuals who have higher disposable income or greater accumulated wealth than the average.
The increasing demand for affordable luxury goods along with increasing disposable income across the globe is driving the market growth. The increasing influence of different marketing strategy on customer's purchase decision is again expected to propel market growth. The growing fashion consciousness in developing and advanced economies is further fuelling market growth. On the other hand, fluctuating cost of raw materials and increasing labor cost is expected to hinder the market growth. Whereas, increasing adoption of effective marketing techniques and strategies by major players for expanding consumer base is likely to create demand for personal luxury goods over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of personal luxury goods.
The entire personal luxury goods market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Watch And Jewelry
- Luxury Cosmetics
- Specialty Retailers
- Department Stores
- Hypermarkets And Supermarkets
This section covers regional segmentation which accentuates on current and future demand for personal luxury goods market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Personal Luxury Goods Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the personal luxury goods market include BREITLING, BURBERRY, CHANEL, COACH, Estee Lauder, Giorgio Armani, Kate Spade, Kering, L'Oreal, Luxottica, LVMH, Nina Ricci, PRADA, Richemont, The Swatch Group and Tiffany. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization