Global Luxury Goods Market Future Growth: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Luxury goods are high-value products in terms of price & quality. These products are mainly considered as status symbols for individuals. Luxury goods can be purchased from department stores, shopping malls, auctions, and online stores. The increasing tendency of jewelry, watches, wine, cosmetics, and spirit products worldwide to buy luxury goods is a major factor likely to help the growth of the global luxury goods market throughout the forecast period owing to their premium quality, and socioeconomic significance. As per analysis, “Luxury Goods Market: Market Segments: By Product Type (Designer wear & footwear, Jewelry, Accessories, Travel goods, Fine wine/champagne and spirits, Cosmetics, and Others); Gender (Male and Female); By Mode of Sale (Retail and Online); and Region – Global Analysis by Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” the key companies operating in the global luxury goods market include Ralph Lauren Corporation, LOral International, Compagnie Financire Richemont SA, LVMH Group, Swatch Group, Kering SA, Luxottica Group S.p.A, The Shiseido Company, Ltd., The Estee Lauder Companies Inc., Prada S.p.A. and among others. Based on product type, the luxury goods market is segregated as cosmetics, designer wear & footwear, travel goods, accessories, dine wine/champagne & spirits, jewelry, and others. Based on gender, the market is segregated as male and female. The female segment is expected to witness a higher growth rate due to a rise in demand among the female population for different luxury items including apparel & leather goods, cosmetic products, and jewelry & watches, according to the current fashion trends around the globe during the forecast period. In addition, based on the mode of sale, the market is segregated as online and retail. The online segment dominates the market as it is an easy-to-purchase option for products produced at distant places. The luxury goods market is driven by an increase in disposable income among the aspiring upper-middle-class population, followed by a change in lifestyle & behavior of consumers, growth in urban population, change in packaging style & attractive marketing strategies, and growth in numbers of high-net-worth individuals worldwide. Apart from this, the rise in availability of counterfeit products and increase in the cost of raw materials is major hindering factors for the market. Moreover, growth in penetration of the e-commerce industry and increase in the number of smartphone users is a key opportunity for the market. Based on geography, the European region holds a major share in the global luxury goods market, followed by North America, owing to the large availability of luxury goods and high capacity to spend on luxury goods across the region. The Asia-Pacific region is estimated to witness a higher growth rate due to an increase in the e-commerce industry and a rise in luxury goods spending by individuals over the forecast period. It is estimated that the future of the global luxury goods market will be bright on account of growth in product advertising across social media, advancements in online marketing, rise in use of digital media for product marketing, and increase in perception of personal appearance during the forecast period. For More Information on the Research Report, refer to the below links: – Global Luxury Goods Market Research Report Related Report: – Luxury Goods Retailing in the Middle East & Africa, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Adidas AG Luxury Goods Market Outlook, Australia Luxury Goods Market, COVID 19 Impact on Luxury GoodsMarket, Europe Luxury Goods Market Share, Global Luxury Accessories Market, Global Luxury Designer wear Market, Global Luxury Goods Distriutors Market, Global Luxury Goods Industry Research Report, Global Luxury Goods Manufacturers Market, Global Luxury Goods Market Analysis, Global Luxury Goods Market End Users, Global Luxury Goods Market Forecast, Global Luxury Goods Market Future Outlook, Global Luxury Goods Market Growth Rate, Global Luxury Goods Market Major Players, Global Luxury Goods Market Research Report, Global Luxury Goods Market Revenue, Global Luxury Goods Market Segmentation, Global Luxury Goods Market Share, Global Luxury Goods Market Size, Global Luxury Goods Suppliers Market, Global Luxury Travel goods Market, Indonesia Luxury Goods Market, Kering SA Luxury Goods Market Revenue, LVMH Group Ferragamo Luxury Goods Market Growth, Middle East Luxury Goods Market, Swatch Group Luxury Goods Market Share