DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Luxury Goods Market Report: 2016 Edition " report to their offering.
Growing affluence and rising consumer consciousness have ensured sustained growth in the global luxury goods market, which is helmed by personal luxury goods at the forefront. Key factors driving this growth are rise in HNWI population, increased internet penetration, rise in urban population, increased number of millionaires and a rise in ageing population.
The report provides an overview of the global luxury goods market including the key trends, growth drivers and challenges associated. In recent years, demand for luxury goods has seen a rising trend in almost all the major regions of the world. This can be attributed to onset of the digital age and growing e-commerce coupled with an expanding off-price market that has led to narrowing of income and demand gaps between consumers.
High tourist spending in Asia and burgeoning tourism are other trends in the global luxury good market. However, falling commodity prices and the ongoing oil crisis have led to a downward revision of the global GDP, posing a serious challenge for luxury consumption across the globe. China's economic slowdown, geopolitical threats and financial volatility are other such factors that may affect the global luxury goods market in the years ahead.
Key Topics Covered:
1. Market Overview
2. Global Luxury Goods Market
3. Global Personal Luxury Goods Market by Value
4. Global Luxury Cars Market
5. Global Luxury Food & Spirits Market
6. Global Luxury Cruises and Yacht & Private Jets Market
7. Market Dynamics
8. Competitive Landscape
9. Company Profiles
10. Market Outlook
- LVMH Moet Hennessy Louis Vuitton
For more information visit http://www.researchandmarkets.com/research/kpwsng/global_luxury