New Market Research Report: Global Luxury Goods Retailing, 2014-2019

From: Fast Market Research, Inc.
Published: Sat Dec 05 2015

Global luxury retail sales are expected to grow at a CAGR of 5.4% during the forecast period, slightly less than the growth experienced during the historic period. The economic slowdown, anti-corruption measures on gift giving, and Yuan devaluation in China have slowed the growth of Chinese spending on luxury goods. In addition, the geopolitical concerns in Russia and Ukraine, political protests in Hong Kong, restriction on multiple entry visa policy to Hong Kong for Chinese consumers from Shenzhen, slowdown in Brazil, and the economic crisis in Greece are all taking a toll. As a result, luxury retailers are focusing on mature market such as the US and Japan.

Key Findings

* Europe will remain the largest region, despite being the slowest growing region globally
* The 10 largest luxury goods market accounted for over 80% of global sales in 2014
* The UK luxury goods market will surpass France and Italy by 2019
* Peru will be the fastest growing country for luxury goods globally
* Clothing is the largest category, followed by jewelry, watches, and accessories
* Globally governments are amending visa policies to attract Chinese tourists. The double digit growth of Chinese outbound trips is over, but consumers will continue to spend on trips, though at a slower pace
* The expansion of luxury retail infrastructure is helping luxury brands to enter and expand in developing countries
* Social media and instant messaging app are becoming an important means to augment business

Full Report Details at

The "Global Luxury Goods Retailing, 2014-2019" report published by Conlumino provides a comprehensive view of the global luxury goods retail landscape.

It includes:

* Current market sizes and forecasts to 2019 of global, region and categories; covers 12 categories - clothing, jewelry, watches and accessories, drinks, personal care, home furniture and homewares, luggage and leather goods, footwear, communications equipment, tobacco, stationery, consumer electronics and others
* Market size forecasts for top 10 countries globally and for each category;
* Top 10 fastest growing countries globally and for each category;
* Data of top three largest and fastest growing categories per region and share of luxury goods in total retail sales by category
* Market share, store count and latest developments of major luxury brands, mergers and acquisitions and luxury goods market trends
* Analysis of LVMH product portfolio expansion and growth strategies

Reasons to Get this Report

* Get accurate and reliable luxury retail sales data for 2014 and forecasts to 2019 to identify the largest and fastest-growing markets and to discover profitable markets for expansion/entry

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Luxury Goods Retailing in Europe, 2014-2019 ; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape
- Luxury Goods Retailing in Asia-Pacific, 2014-2019; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape
- Luxury Goods Retailing in the Americas, 2014-2019; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape
- Retailing in the UK - Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2019
- Retailing in Hungary

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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