Asia-Pacific Luxury Goods Market: Trends and Opportunities (2013-2018)

Description-

Executive Summary

Luxury Goods refer to products which are commonly characterized by its premium quality, craftsmanship, recognizability, exclusivity and reputation. These high-end goods tend to satisfy socio-psychological needs in greater form and bring esteem to the owner. Fondness for all forms of luxury like fashion products, accessories, bags & cases, cosmetics & fragrances, vehicles, utility gadgets, beverages and interior decoration products, etc. has been seen since many

Asia particularly China has been the engine and facilitator for growth of luxury goods market for several years particularly for products, accessories and hard luxury items such as watches and jewelry. The Asia Pacific region currently accounts for over two-thirds of global luxury goods market and the region is expected to account for nearly half of total global luxury goods sales in coming years.

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Factors driving growth of luxury goods market in Asia Pacific region are increase in number of high net worth individuals in the region, consumption of luxury goods by middle class population and increasing internet penetration boosting e-commerce of luxury goods. In recent years, smaller Asian economies have also been showing rise in number of millionaires. However, counterfeiting of luxury goods and high import duties/tariffs in Asia Pacific region poses challenge to industry’s growth in the region. Major trends prevailing in luxury goods market of Asia Pacific region are luxury tourism, expansion of luxury retailers to lower tier cities of the region and upcoming ‘affordable luxury’ segment.

Scope of the report

The report titled “Asia-Pacific Luxury Goods Market: Trends and Opportunities (2013-2018)” provides an in-depth analysis of major luxury goods market of Asia Pacific region like Japan, China, South Korea and India. The report assesses the key opportunities and underlying trends in the market and outlines the factors that are and will be driving the growth of the industry in the forecasted period (2013-18). Further, key players of the luxury goods market like LVMH Moet Hennessy Louis Vuitton SA, Compagnie Financiere Richemont SA, Kering SA and Hermès International are analyzed in the report.

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Geographical Coverage

Asia Pacific
China
Japan
South Korea
India


Company Coverage

LVMH Moet Hennessy Louis Vuitton SA
Compagnie Financiere Richemont SA
Kering SA
Hermès International

Table of Content

1. Executive Summary

2. Luxury Goods: An Introduction

3. Asia Pacific Luxury Goods Market: An Analysis
3.1 Asia Pacific Luxury Goods Market: An Overview
3.2 Asia Pacific Luxury Goods Market: Sizing and Growth (Actual and Forecast)

4. Asia-Pacific Luxury Goods Market: Regional Analysis
4.1 China: Luxury Goods Market Analysis
4.1.1 China Luxury Goods Market: Sizing and Growth (Actual and Forecast)
4.1.2 Chinese Expenditure on Luxury Goods by Region (2012)
4.1.3 China Domestic Luxury Expenditure by Segments
4.2 Japan: Luxury Goods Market Analysis
4.2.1 Japanese Luxury Goods Market: An Overview
4.2.2 Japanese Luxury Goods Market: Sizing and Growth (Actual and Forecast)
4.2.3 Consumers’ Expenditure on Luxury Goods in Japan (2012)
4.3 India: Luxury Goods Market Analysis
4.3.1 Indian Luxury Goods Market: An Overview
4.3.2 Indian Traditional Luxury Market Size by Segments (2012)
4.3.3 Indian Luxury Goods Market: Sizing and Growth (Actual and Forecast)
4.3.4 Personal Luxury Goods Market Share by Segments
4.4 South Korea: Luxury Goods Market Analysis
4.4.1 South Korean Luxury Goods Market: An Overview
4.4.2 South Korea Luxury Goods Market: Sizing and Growth (Actual and Forecast)
4.4.3 South Korean’s Expenditure on Luxury Goods by Region (2012)
4.4.4 Luxury Revenue Break-up in South Korea (2013E)
4.4.5 Luxury Goods Market by Consumer Segment

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