Leading personal luxury goods markets, by country worldwide. Worldwide study of 2016, the luxury goods market reported. Share of the luxury goods market worldwide 2019, by region leading personal luxury goods markets worldwide in 2019, by country value of the global offprice personal luxury goods market. Jan 10, 2017 the dow might be strong, but personal luxury spending is not following suit. It covers global regional market data and forecasts. Global powers of luxury goods deloitte global consumer. Total sales for the personal luxury goods market are estimated to reach 276 to 281 billion euros in 2018, and 390 billion euros by 2025.
In 2018, 6 percent global growth at a constant exchange rate led to 260 billion in sales, which is expected to balloon to 271276 billion in 2019, registering an expected 4 percent to 6 percent growth at constant exchange rates. Worldwide luxury goods market trend in current and. Although the luxury market is ready to grow, its rules are changing rapidly. Worldwide, the personal luxury goods market experienced growth across all regions. Luxury market consists of nine segments, which is dominated by luxury hospitality, personal luxury goods and luxury cars. This, however, doesnt mean the purchase decisions are made at the point of purchase. Global luxury goods market professional survey report 2016 report is published on april 7, 2016 and has 114 pages in it. Euromonitor international is the leading provider of strategic market research reports. The report provides a detailed impact analysis and information on luxury goods market trends, restraints, and opportunities. China was also the fourth largest luxury goods market in 2015, taking up 7% global luxury sales, just.
Global personal luxury goods market size and forecast. World luxury association is currently the world s largest luxury brands research and management international nonprofit organization and is focused on the international luxury market luxury. Besides, thriving demand for grey market and crossborder luxury goods have also created a. Including but not limited to industries such as automobiles, jewelry and watches, clothing and accessory apparel, cosmetics, wines and spirits, fragrances, and travel goods. Luxury goods market in china get the report with graphs and tables on. Luxury spending is down, while global instability is up. Value share of the global personal luxury goods market in 2019.
Global powers of luxury goods 2018 shaping the future deloitte. Last year, we saw the global luxury market return to healthy growth, albeit at a more moderate pace than in the past, said claudia darpizio, a bain partner and lead author of the study. Luxury goods are products at the highest end of the market in terms of quality and price. Overall, across all channels, discounted sales comprise 37% of the personal luxury goods market, but luxury brands are becoming more disciplined and strategic in how they handle offprice sales. Indeed, the travel sector grew faster than luxury goods by at least. May 19, 2014 worldwide sales of personal luxury goods are set to rise 46 percent this year at constant exchange rates compared with a 6. Online sales also continued to grow rapidly, reaching an 8% share of the global industry. Who is fueling consumption locals or traveling consumers. The report estimates a global personal luxury goods. Forecast on the worldwide personal luxury goods industry in 2019, according to the main analysts. Luxury goods market by product type, mode of sale and region. Worldwide luxury goods market by category 20112012e, b 22 worldwide luxury goods market by category 20002012e, b what soft and hard accessories. According to verified market research, the global personal luxury goods market was valued at usd 78. But if luxury buyers are extremely techsavvy, you might not notice it when taking a first glance at luxury purchase data.
This bcg analysis looks at why the luxury market is poised for growth. The study covers over 100 markets around the world, delving into occupancy, adr and revpar levels and their percentage changes over 2017, along with detailed analyses walking you through the. Purchase the world market for luxury goods strategy briefing as part of our luxury goods market research for january 2020. A study by amadeus 2016 predicts that over the next 10 years, the growth rate in outbound luxury trips is projected at 6. The highest growth rate is expected for accessories. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. Global powers of luxury goods 2015 1 deloitte touche tohmatsu limited dttl is pleased to present the 2nd annual global powers of luxury goods. However, the strong dollar curbed spending by tourists from asia and latin america. Global luxury goods worldwide market study 9th edition. Only group present in all luxury sectors good geographical balance of revenue quality and creativity of teams solid financial structure key strengths 70 brands the world leading luxury goods group 42. Including but not limited to industries such as automobiles, jewelry and watches, clothing and accessory apparel, cosmetics, wines and spirits, fragrances, and travel goods have been on an upward market value climb for many years.
Global powers of luxury goods 2019 bridging the gap. Digital is happening quickly and forcefully, driving luxury brands to be far more. Luxury goods market will return to growth in 2017, bain. That year, the united states was the top ranked personal luxury goods market. The research found that the global luxury market is estimated to have grown to almost 1. Fflur roberts, head of luxury goods, euromonitor international. Luxury goods market by product type, mode of sale and. It also discusses the key trends shaping the luxury market and provides a. By contrast, apparel is now a quarter of the market, growing at 1%.
Asean luxury goods market analysis and opportunity assessment. Currency swings affect regional performance boosted by a strong us dollar, the americas emerged as the biggest global region for personal luxury goods purchases. The united states has long been the largest regional market for luxury goods and is estimated to continue to be the leading personal luxury goods market. The study provides an indepth analysis of the global luxury goods market, with current trends and future estimations to elucidate on the imminent investment pockets. The global luxury market surpassed 1 trillion in retail sales value in 2015. Global personal luxury goods market expands to 260bn in. Welcome to the fourth global powers of luxury goods. Bain partner claudia darpizio discusses the positive outlook in the luxury market after a couple of years of stagnation. Nov 07, 20 20 luxury goods worldwide market report 1. Spotlight on china retail 1 luxury market the year 2016 was fairly complicated for hinas luxury market. The growth is attributed to growing income of individuals. Luxury goods worldwide market study, fallwinter 2018 2. It also discusses the key trends shaping the luxury market and provides a global economic outlook.
Global powers of luxury goods 2017 the new luxury consumer. Given that the uae has become increasingly connected to the global economy, it is expected that the retail environment will incur some risks related to growing trade protectionism, heightened political uncertainty and financial market turbulence. A positive us economy boosted disposable income and overall luxury spending by local consumers. Digital is happening quickly and forcefully, driving luxury brands to be far more customercentered in everything they do. Luxury market booms to over 1 trillion thanks to personal.
Luxury goods worldwide market study, fallwinter 2016 as. Bain advises clients on strategy, operations, technology, organization, private equity and mergers and. World market for luxury goods market research report. Streetwear bringing steady growth to global luxury market. Bain advises clients on strategy, operations, technology, organization, private equity and mergers and acquisitions.
Personal luxury goods market size analysis trends and. According to the study, asian markets will drive this growth, as asian consumers are forecasted to spend 12 percent more on luxury items this year. Although these countries offer significant promise, access will come at the cost of fierce competition, potential of counterfeiting and international trade barriers. The annual global powers of luxury goods report identifies the world s largest luxury goods companies and analyzes them from multiple perspectives. Milan june, 2019 the global personal luxury goods market reached a new normal pattern of growth, following backtoback years of strong performance in 2017 and 2018. This report identifies the 100 largest luxury goods companies around the world based on publicly available data for the fiscal year 20 encompassing companies fiscal years ended through june 2014. Global luxury goods industry 2015 market research report report is published on september 6, 2015 and has 169 pages in it. Nov 02, 2015 the 14th edition of its luxury goods worldwide market monitor, in collaboration with fondazione altagamma, has outlined a gradual slow in the growth of luxury markets worldwide, as weakness in china, russia and other emerging markets takes its toll. Global powers of luxury goods 2015 engaging the future luxury. Global luxury goods industry 2015 market research report. The market is segmented based on product type, gender, mode of sale and geography.
Economic slowdown and governments ongoing campaign against corruption and lavish spending have impeded the growth of the luxury market. The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in fy2016 which we define as financial years ending within the 12 months to 30 june 2017. The luxury market has bounced back from economic uncertainty and. Share of the luxury goods market worldwide 2019, by region. The global luxury goods market has had a good year in 2017 due to a number of market condition improvements over 2016. Luxury goods worldwide market study, 2011 10th edition.
Principally, chinese retail markets picked up significantly and chinese buyers are now one of the most important groups in the luxury sector, as where some traditional buyers in europe and the us have less demand overall. Feb 14, 2020 this statistic shows the estimated value of the leading personal luxury goods markets worldwide in 2019, by country. Leading personal luxury goods markets worldwide in 2019, by. Luxury these days and particularly french luxury means big business, but just how big is the luxury market in france. Americas surpasses china as luxury goods growth leader.
Value of the global luxury goods market 2019 statista. Altagamma 2015 worldwide markets monitor claudia darpizio. Euromonitor international is the leading provider of strategic market research. Market development is leading to significant growth in experiential luxury. Further, a detailed analysis of the value chain, which offers an exhaustive overview of the worldwide market for hard luxury goods has been offered in this research study, encompassing the market attractiveness analysis, in which, the end users are benchmarked on the basis of their market size, rate of growth, and general attractiveness. Overall, luxury goods market has shown significant growth in recent years.
Depending on the market, 8193% of their most recent luxury purchases were done offline in a store and 719% of purchases are made online. Global luxury goods market professional survey report 2016. The market for luxury goods consist of three types of end consumers, which includes kids lying between the age of 012 years, teenagers belonging to the age group of to 19 years and the rest lies in adult group. Worldwide luxury goods market trend in current and constant exchange rates 20082010e, b. Global luxury goods worldwide market study observatorio del. Hard luxury goods market global industry analysis, size. Luxury goods market on core categories market definition as per bain luxury study 2017 may18 restated new personal luxury goods market1 excluding artdelatable now included into highquality design and homeware and other residual categories global personal luxury goods market restatement personal luxury goods market b. In addition, bains luxury goods worldwide market study finds accessories, including leather goods and shoes, have definitively become the largest segment, growing 4% for 20 to reach 28% of total revenues. Strs global hotel study 2018 provides an indepth analysis of the international hotel landscape, both at a continent level and a market level.
The trends that have emerged are now combining to result. The personal luxury goods market delivers positive growth. In 2016, luxury consumption shifted away from goods and towards experiences such as travel and gastronomy, which grew faster than luxury goods. Luxury goods worldwide market study, fallwinter 2018. This report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in fy2017 which we define as financial years ending within the 12 months to 30 june 2018. Luxury goods market can also be segmented on the basis of application which includes soft luxury goods and hard luxury goods. Value forecast of the global personal luxury goods market from 2012 to 2025. The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in fy2015 which we define as financial years ending within the 12 months to 30 june 2016. Figures for 2017 are estimated, based on data from january to september.
Jun 14, 2018 luxury goods market product type luxury watches and jewelry, apparel and leather goods, luxury personal care products and cosmetics, wines and spirits, and fragrances and perfumes global. Pdf the factors affecting the affluent consumers luxury. Global powers of luxury goods 2018 deloitte united states. The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in fy2016 which we define as. Bcg expert partner network ready to discuss in every large market the outcomes of true luxury global consumer insight 2019 joan sol filippo bianchi nicola pianon javier seara. May 29, 2017 luxury goods market will return to growth in 2017, bain report says. Luxury goods worldwide market study fallwinter 2014. In 2018, 6 percent global growth at a constant exchange rate led to 260 billion in sales, which is expected to balloon to 271276 billion in 2019, registering an expected 4 percent to 6 percent growth at constant. Global powers of luxury goods 2015 engaging the future. Luxury cars is the most significant segment by size, at 489 billion, up 6%, while personal luxury goods take the secondary spot at 262 billion, up 5%.
Merger and acquisition activity had a major impact on four. These segments collectively account for almost 80% of the entire market. Luxury sales in the americas reached 80 billion, representing a growth rate of 5%. Deloitte global powers of luxury goods 2018 deloitte. Luxury goods have more than the necessary and ordinary characteristics compared to other products of their category. Bain luxury goods worldwide market study spring 2019. The factors affecting the affluent consumers luxury purchasing behavior in china. Global luxury goods market expected to grow 8 percent in 2018.
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