PUBLISHER: TechNavio | PRODUCT CODE: 1653019
PUBLISHER: TechNavio | PRODUCT CODE: 1653019
The personal luxury goods market is forecasted to grow by USD 39.3 billion during 2024-2029, accelerating at a CAGR of 2.4% during the forecast period. The report on the personal luxury goods market 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, influence of different marketing strategies on purchase decisions of customers, and increasing demand for affordable luxury goods.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 2.3% |
CAGR | 2.4% |
Incremental Value | $39.3 bn |
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's personal luxury goods market is segmented as below:
By Distribution Channel
By Product
By Geographical Landscape
This study identifies the integration of technology as one of the prime reasons driving the personal luxury goods market growth during the next few years. Also, adoption of omnichannel retailing and brand promotion through social media will lead to sizable demand in the market.
The report on the personal luxury goods market covers the following areas:
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 personal luxury goods market vendors that include Calvin Klein USA, Chow Tai Fook Jewellery Group Ltd., Compagnie Financiere Richemont SA, Coty Inc., Dolce and Gabbana S.R.l., Giorgio Armani SpA, Harry Winston Inc., Hermes International SA, Kering SA, LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Michael Kors Switzerland GmbH, Prada S.p.A, Ralph Lauren Corp., Rolex SA, Safilo Group S.p.A, Shiseido Co. Ltd., Swarovski AG, Tapestry Inc., and The Estee Lauder Co. Inc.. Also, the personal luxury goods market 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 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 primary and secondary research. 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 accurate market growth.
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