Luxury Goods Market in Germany 2024-2028

Description

List of Tables

The luxury goods market in Germany is forecasted to grow by USD 1.12 bn during 2023-2028, accelerating at a CAGR of 1.23% during the forecast period. The report on the luxury goods market in Germany provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for premium beauty products and cosmetics, rising per capita income of people in Germany, and greater sense of brand recognition and reputation among German consumers.

Technavio's luxury goods market in Germany is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	0.9%
CAGR	1.23%
Incremental Value	$1.12bn

By Distribution Channel

Offline
Online

By Product

Clothing
Perfumes and cosmetics
Watches and jewelry
Others

By End-user

Female
Male

By Geographical Landscape

Europe

This study identifies the increasing adoption of sustainable luxury goods as one of the prime reasons driving the luxury goods market in Germany growth during the next few years. Also, growing digital transformation in luxury goods market in Germany and rising consumer interest in pre-owned luxury products will lead to sizable demand in the market.

The report on the luxury goods market in Germany covers the following areas:

Luxury goods market in Germany sizing
Luxury goods market in Germany forecast
Luxury goods market in Germany industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury goods market in Germany vendors that include Chanel Ltd., Compagnie Financiere Richemont SA, Coty Inc., Dolce and Gabbana SRL, Giorgio Armani S.p.A., Hugo Boss AG, LVMH Moet Hennessy Louis Vuitton SE, Max Mara Fashion Group S.r.l., Michael Kors Switzerland GmbH, Moncler SPA, Prada S.p.A, PVH Corp., Ralph Lauren Corp., Ray Ban, Rolex SA, Swarovski AG, The Estee Lauder Companies Inc., and Tom Ford International LLC. Also, the luxury goods market in Germany analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77756

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Luxury goods market in Germany 2018 - 2022
4.2 Distribution Channel Segment Analysis 2018 - 2022
4.3 Product Segment Analysis 2018 - 2022
4.4 End-user Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Distribution Channel

6.1 Market segments
6.2 Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2023-2028
6.4 Online - Market size and forecast 2023-2028
6.5 Market opportunity by Distribution Channel

7 Market Segmentation by Product

7.1 Market segments
7.2 Comparison by Product
7.3 Clothing - Market size and forecast 2023-2028
7.4 Perfumes and cosmetics - Market size and forecast 2023-2028
7.5 Watches and jewelry - Market size and forecast 2023-2028
7.6 Others - Market size and forecast 2023-2028
7.7 Market opportunity by Product

8 Market Segmentation by End-user

8.1 Market segments
8.2 Comparison by End-user
8.3 Female - Market size and forecast 2023-2028
8.4 Male - Market size and forecast 2023-2028
8.5 Market opportunity by End-user

9 Customer Landscape

9.1 Customer landscape overview

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Compagnie Financiere Richemont SA
12.4 Coty Inc.
12.5 Giorgio Armani S.p.A.
12.6 Hugo Boss AG
12.7 LVMH Moet Hennessy Louis Vuitton SE
12.8 Max Mara Fashion Group S.r.l.
12.9 Michael Kors Switzerland GmbH
12.10 Moncler SPA
12.11 Prada S.p.A
12.12 PVH Corp.
12.13 Ralph Lauren Corp.
12.14 Ray Ban
12.15 Rolex SA
12.16 The Estee Lauder Companies Inc.
12.17 Tom Ford International LLC

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations