DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/n9kbll/personal_luxury) has announced the addition of the "Personal Luxury Goods Market in the US 2015-2019" report to their offering.
The personal luxury goods market in the US to grow at a CAGR of 5.00% during 2014-2019.
The report, Personal Luxury Goods Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also 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 report covers the present scenario and the growth prospects of personal luxury goods market in the US for 2015-2019. To calculate the market size, the report considers revenue generated from sales of personal luxury goods in the market.
There is an emerging group of customers that could give the US luxury market a boost. It is the new group of metrosexual men. With the rise of the metrosexual customer, certain luxury categories that were traditionally focused on women have started to focus on male customers. In the field of super-premium fragrances, the retail volume of men's fragrances has risen relatively faster than that of women.
According to the report, the growth of the personal luxury goods in the US market is expected to be driven by increasing tourist spending in the country and high disposable income.
Further, the report states that the market will likely encounter weak sales over the next five years with increasing adoption of sensible spending by the US population. Increased price differentials due to currency fluctuations and aging baby boomers will also negatively affect market growth during the forecast period.
The market is divided into the following segments based on product:
- Hard luxury
- Fragrances and cosmetics
- Christian Dior
- Estee Lauder Companies
- Ralph Lauren
Other prominent vendors:
- Giorgio Armani
- Kate Spade
- Nina Ricci
- Swatch Group
Valentine Fashion Group
For more information visit http://www.researchandmarkets.com/research/n9kbll/personal_luxury