DUBLIN--(BUSINESS WIRE)--The "Global Personal Luxury Goods Market: Size, Trends & Forecasts (2018-2022)" report has been added to ResearchAndMarkets.com's offering.
The global personal luxury goods market is expected to grow at a healthy rate during the forecast period (2018-2022). The growth of the market is supported by factors such as expanding middle class population, booming tourism sector and increasing disposable income.
Vulnerability to currency fluctuations, prone to social/economic/political conflicts and the inability of the players operating in the market to correctly predict rapidly changing consumer preferences are some of the challenges faced by the market. Collaboration of luxury brands with fast fashion retailers and gradual switch of the market to online channels primarily with the purpose of reaching out to the millennials are some of the latest trends existing in the market.
The global personal luxury goods market can be segmented on the basis of product, distribution and channel. On the basis of product, the market can be split into accessories, apparels, hard luxury and beauty items. On the basis of distribution, the market can be divided into wholesale and retail. On the basis of channels, the market is sub segmented into online and offline.
Richemont,Tiffany & Co, Kering and LVMH are some of the key players operating in the global personal luxury goods market whose company profiling is done in the report. In this segment of the report, business overview, financial overview and the business strategies of the companies are provided.
Market Dynamics
Growth Drivers
- Growing Middle Class Population
- Booming Tourism Sector
- Growing Disposable Income
Challenges
- Vulnerability to Currency Fluctuations
- Prone to Regional and Global Conflicts
- Rapidly Changing Consumer Preferences
Trends
- Efforts by Luxury Companies to Expand Consumer Base
- Collaborations of Luxury Brands with Fast Fashion Retailers
Key Topics Covered
1. Executive Summary
2. Introduction
3. Global Market Analysis
4. Regional Analysis
5. Market Dynamics
6. Competitive Landscape
7. Company Profiles
- Kering
- LVMH
- Richemont
- Tiffany & Co
For more information about this report visit https://www.researchandmarkets.com/research/h7xlp3/global_personal?w=4
