Nbain luxury goods worldwide market study 2013 pdf

Luxury goods worldwide market study spring 20 bain. Worldwide luxury markets approaching the trillion in 2014. Global powers of luxury goods deloitte touche tohmatsu limited dttl is pleased to present the 1st annual global powers of luxury goods. That is why unity marketings latest indepth study, luxury report usa, is a much needed research tool for every luxury brand. Its strategy in the accessible luxury goods market john e. Bain analysis 15% 14% growing luxury spend outside of mainland china, up to 67% of total spend in 20 increasing growth of overseas spendingcontinued wide price gap due to chinese tax and tariff policyrmb continue to be strong, with favorable exchange rates when. Eight themes that are rewriting the future of luxury goods. Global hard luxury goods market expected to reach usd 174. The global apparel, accessories and luxury goods market had total revenues of 1,778. Luxury goods worldwide market study, fallwinter 2019. In 2012, china surpassed japan as the worlds largest luxury market. Todays post will deal with the responses by luxury goods firms to. The luxury goods market consumer goods and retail analysis.

The four major players in the luxury goods industry include lvmh, kering group, hermes international and richemont are being profiled in the report highlighting their key financials and. Mar, 2017 according to mckinsey, 50% of luxury goods buying decisions are influenced by what consumers hear or see online. Worldwide luxury markets collectively surpassing one. The industry data come from the 9th annual bain and company luxury goods worldwide market study, directed by the partner who heads bains fashion and luxury practice, claudia darpizio. Global hard luxury goods market 2017 industry research report.

Luxury goods market by product type, mode of sale and region. These goods are mostly considered as status symbols for individuals. Bain survey of luxury goods consumer s in mainland china 20 n1,400. Luxury spending is down, while global instability is up. The global luxury market exceeded 850 billion in 2014. Global hard luxury goods market size, share, industry. Oct 30, 2015 that is why unity marketings latest indepth study, luxury report usa, is a much needed research tool for every luxury brand. A keen eye for changes ahead and the ability to adapt business models and pricing structures to match will be crucial for luxury brands to stay afloat.

In addition, bain s luxury goods worldwide market study finds accessories, including leather goods and shoes, have definitively become the largest segment, growing 4% for 20 to reach 28% of total revenues. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. Worldwide luxury goods market by category 20002012e, b what soft and hard accessories. Our fallwinter 2018 luxury goods worldwide market study highlights seven trends that will shape the. Including but not limited to industries such as automobiles, jewelry and watches, clothing and accessory apparel, cosmetics, wines and spirits, fragrances, and travel goods. Sep 04, 20 luxury goods market global industry size, share, trends, analysis and forecasts, 2012 2018 the luxury goods market is expected to grow by 7% by the end of 2012 despite the economic slowdown. Executive summary the luxury goods market continues to shine. Luxury goods are products at the highest end of the market in terms of quality and price.

This report focuses on top manufacturers in global. Value of the global luxury goods market 2019 statista. This report identifies the 75 largest luxury goods companies around the world based on publicly available data for the fiscal year 2012 encompassing companies fiscal years ended through june 20. Luxury goods market in singapore 2016 research and markets. Altagamma 2015 worldwide markets monitor il management. Luxury goods market will return to growth in 2017, bain.

The worlds economy is strengthening and there has been a significant rise in the count of newly listed high net worth individuals, which are the key factors driving the hard luxury goods market globally. The increasing preferences for frontline and sophisticated products among consumers has fueled the sales of hard luxury goods across the world. According to mckinsey, 50% of luxury goods buying decisions are influenced by what consumers hear or see online. It includes both a pre and postrecession look at the u. The overall market grew at 4% in 2016, to an estimated 1. The market is segmented based on product type, gender, mode of sale and geography. Global luxury goods market expected to grow 8 percent in 2018.

Global personal luxury goods market at current and constant exchange rates, 20. Global luxury goods market to cool in 20 bain reuters. It is a comprehensive look at sevenyears of trends in the market for luxury goods and services. All other types jointly account for 4% of the sector. That reflects healthy growth of 7% overall, driven primarily by luxury cars and luxury hospitality. But with new, interesting and differentiating pillars of the next gen luxury. Yesterday i wrote about bains analysis of prospects for global luxury goods sales in 20. Nov 07, 20 20 luxury goods worldwide market report 1. Market analysis the global apparel accessories and luxury. Hard luxury and beauty make up the following two largest segments at 22% and 20% respectively. This report studies hard luxury goods in global market, especially in north america, china, europe, southeast asia, japan and india, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Global powers of luxury goods 2014 in the hands of the.

An analysis of the growing economy and its impact on the luxury goods market. The venture capitalists were quiet in 2014, reflecting uncertainty luxurysociety monthly 5 the movers and shakers. The global luxury goods market has significantly benefited from the economic growth in. Luxury goods worldwide market study fallwinter 2014. Global luxury goods market opportunities and forecasts. Jan 10, 2017 the dow might be strong, but personal luxury spending is not following suit. Luxury goods market 2018 global analysis, opportunities. The global luxury goods market is segmented on the basis of product into. Luxury goods market global analysis and forecast 2012. Coach case study coach inc in 2012 its strategy in the. Including but not limited to industries such as automobiles, jewelry and watches, clothing and accessory apparel, cosmetics, wines and spirits, fragrances, and travel goods have been on an upward. The consultancy, which conducted the study with italian luxury trade body altagamma, forecast global luxury goods sales would rise at a compound annual growth rate of 5.

The online luxury goods market increased its total share from 4. Worldwide luxury goods market revenues will grow as much as 50% faster than global gdp, with an expectation of 4% to 5% growth in 20 and 5% to 6% annual average through 2015, on track to break the 250 billion sales threshold by middecade. The strengthening of global economy is having a great impact on the worldwide market for hard luxury goods. Luxury goods market 2018 global analysis, opportunities and. Commenting on the report, an analyst from the team said.

Worldwide sales of personal luxury goods are set to rise 46 percent this year at constant exchange rates compared with a 6. Oct 25, 2010 the industry data come from the 9th annual bain and company luxury goods worldwide market study, directed by the partner who heads bains fashion and luxury practice, claudia darpizio. Bain survey of luxury goods consumers in mainland china. The global personal luxury goods market reached in 2018 a new normal pattern of growth, confirmed also for the current year and the short term up to 2025.

The global luxury goods market is prophesied to rise at 3. The prior day, monday, the topic was shortterm revenue growth prospects. Shopping channels in terms of luxury market segments, the largest personal luxury good by type is the accessory market with 29% of total market share, followed by apparel at 25%. Indeed, the travel sector grew faster than luxury goods by at least. The global luxury market comprises 10 segments, including personal luxury goods, luxury cars, luxury hospitality, luxury cruises, designer furniture, fine food, fine wines and spirits, yachts, private jets and fine art. Global luxury goods industry 2015 market research report. This report luxury goods market in singapore analyzes the market for luxury goods in singapore. Sales share of the luxury goods market worldwide 2007 20, by gender sales of the luxury goods industry in selected countries 2015 u. Indeed, the travel sector grew faster than luxury goods by at least 5 percentage points last year. Sales share of the luxury goods market worldwide 200720, by gender sales of the luxury goods industry in selected countries 2015 u. The luxury market is tricky to crack but the rewards can be great businesses selling highend products face low volume sales and fierce competition.

May 24, 2018 may 24, 2018 heraldkeeper via comtex luxury goods industry. High demand for apparels and leather goods to fuel market growth. Luxury goods are highvalue products in terms of price and quality. Value of the online personal luxury goods market worldwide. Today, im going to take a look at what the consulting company perceives as possible structural changes in the worldwide luxury goods market.

Luxury goods have more than the necessary and ordinary characteristics compared to other products of their category. Luxury goods market by product type, mode of sale and. Luxury goods worldwide market study, fallwinter 2016 as. The dow might be strong, but personal luxury spending is not following suit. May 16, 20 the consultancy, which conducted the study with italian luxury trade body altagamma, forecast global luxury goods sales would rise at a compound annual growth rate of 56 percent between 20 and. Leather accessories and jewelry are the product categories expected to grow the most 7 percent, while apparel is expected to grow at a slower rate, at 4 percent. Global luxury goods worldwide market study 9th edition. The results were presented at the fondazione altagamma conference in milan earlier this month thanks to bain for sending me a copy of the presentation.

May 24, 2018 heraldkeeper via comtex luxury goods industry. Luxury goods market global industry size, share, trends, analysis and forecasts, 2012 2018 the luxury goods market is expected to grow by 7% by. But luxury firms have to balance evolving demand against brand sensibilities, a targeted geographic presence and the risk of overexposure. Market analysis the global apparel, accessories and luxury goods market produced low growth between 2007 and 2009, from 2010 the market accelerated to moderate growth where it is expected to remain stable through to the end of the forecast period in 2016. Luxury goods worldwide market study, 2011 10th edition. May 19, 2014 worldwide sales of personal luxury goods are set to rise 46 percent this year at constant exchange rates compared with a 6. Hard luxury goods market global industry analysis, size. Growth in the luxury car market was solid, up 10% from 20, driven by emerging markets, where luxury vehicles are still. Lvmh, the luxury goods giant, posts a 64% gain in annual. This statistic shows the value of the online personal luxury goods market worldwide from 2004 to 2018 and provides an estimate for 2019.

Here, we dissect the report in detail to present the six key insights luxury brands need to know. Global powers of luxury goods 2014 in the hands of the consumer. Global luxury market worth 224 billion, top 20 brands. Bain luxury goods worldwide market study spring 2019. Com adds luxury goods market demand, growth, opportunities and analysis of top key player forecast to. The major trends, drivers facilitating growth of the luxury goods market as well as the issues being faced by the industry are being presented in this report. The market for luxury goods in china composes a significant proportion of all luxury goods sales worldwide. Household income growth in emerging markets is driving strong demand for luxury goods.