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Sep 29, 2020 (Market Insight Reports) —
The market report is a historical overview and in-depth study on the current and future market. The report also offers a basic overview of the market size, share, leading players, top regions with major countries data, and a detailed segmentation description. It investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
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The major players in the Personal Luxury Goods Market include:
- The Estee Lauder Companies Inc.
- Loreal S.A.
- Christian Dior
- Ralph Lauren
- Luxottica
- LVMH
- Richemont
- Kering
- Tiffany & Co.
- Breitling
- Burberry
- Chanel
- Coach
- Prada
- Swatch Group
Key Drivers of the Personal Luxury Goods Market:
The major factors accelerating the growth of the global personal luxury goods market include the increasing disposable income and better living standards of people, which is promoting them to opt for luxury goods. The significant change in the consumer’s preference towards quality brands encourages the manufacturers to mainly aim at innovation to capture the changing demand of the target customers. Additionally, several organizations focus on implementing various marketing strategies on different platforms to gain a competitive benefit over the other players in the market.
The growing consciousness among the consumers related to fashion, along with rapid urbanization and adoption of modern lifestyle, will have a positive influence on the demand for luxury personal goods during the forecast period. Furthermore, the increasing population growth rate, followed by the growing trend for luxury goods, will further boost the personal luxury goods market growth across the globe. Numerous luxury brands are increasing their product portfolios to provide higher flexibility to the customers to choose products as per their needs. On the other hand, the changing prices of raw materials and the increasing labor cost will hinder the market’s growth in the upcoming years.
For further information on these analyses, please visit: https://www.gmiresearch.com/report/personal-luxury-goods-market/
Segmentation of the Personal Luxury Goods Market:
The major regions covered in the report are North America, Europe, Asia-Pacific, and the Rest of the world. It also contains regional volume and revenue of the forecast period. Moreover, it helps the reader to understand accurate data on volume sales according to the consumption for the same years.
On the basis of product type, this report displays the production, revenue, price, market share, and overall growth rate of each product type, primarily split into:
- Apparels
- Accessories
- Cosmetics & Fragrances
- Hard Luxury
- Others
On the basis of distribution channel, this report displays the production, revenue, price, market share, and overall growth rate of each distribution channel, primarily split into:
- Online Stores
- Specialized Stores
- Supermarket/Hypermarket
- Others
On the basis of region, this report displays the production, revenue, price, market share, and overall growth rate of each region, primarily split into:
-
North America
- United States of America
- Canada
-
Asia Pacific
- China
- Japan
- India
- Rest of APAC
-
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
-
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research:
GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.
Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.
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