Global Personal Luxury Goods Market 2017-2021 with L'Oreal, LVMH and Others - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Personal Luxury Goods Market 2017-2021" report to their offering.

The report, Global Personal Luxury Goods Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report 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 latest trend gaining momentum in the market is omni-channel distribution. In the world of luxury, brand experience and perception stands to be more important than price. Luxury brands such as PRADA, Rolex, and CHANEL offer premium in-store experience and are uneasy about adopting the online channel as they see it as a threat to exclusivity. Due to this, the luxury business has been slow to adapt to the e-commerce model. The pure-play retailers are the leading players in the market. Net-A-Porter stands as the leading player in the US market selling high end luxury. Other players include ASOS and MR Porter.

According to the report, one of the major drivers for this market is rising tourist spending. Luxury tourism spending has been one of the major growth contributors in the market. At a global level, the US and European countries are considered to be the major destinations for luxury tourism. The non-availability of many luxury products and brands or the high prices of the available ones in their home regions drive many South and Central American and Asian customers to European countries.

Key vendors

- Estée Lauder

- L'Oréal

- Luxottica

- LVMH

- Richemont

- The Swatch Group

Other prominent vendors

- BURBERRY

- BREITLING

- CHANEL

- COACH

- Giorgio Armani

- Kate Spade

- Kering

- Nina Ricci

- PRADA

- Tiffany

- Valentino Fashion Group

- Hermès

- Ralph Lauren

- VF Corporation

Market drivers

- Rising tourist spending

- For a full, detailed list, view the full report

Market challenges

- Presence of counterfeit products

- For a full, detailed list, view the full report

Market trends

- Omni-channel distribution

- For a full, detailed list, view the full report

For more information about this report visit http://www.researchandmarkets.com/research/tgwhrp/global_personal

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Consumer Goods and Services

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Consumer Goods and Services