LVMH, Kering, Rolex, Tiffany, Coty, Swatch, Prada, Hermes
Pune, March 11, 2022 (GLOBE NEWSWIRE) -- Global Luxury Goods Market report gives you overall analysis of global market by size of industry, shares, revenue in past and future estimation, year over year growth of Luxury Goods with the upcoming opportunities and challenges. Report also covers major players operating in the global Luxury Goods market with company details, recent developments, revenue, mergers & acquisitions, expansion plans. Research reports also covers segmentation by product type, applications, and geographical regions, with market size of each type and application with respect to regions.
Luxury goods include designer apparels, ornaments, and other expensive merchandises that are typically accessible to the wealthy and often indicate status.
The global Luxury Goods market size is projected to reach USD 317490 million by 2028, from USD 236820 million in 2021, at a CAGR of 4.2% during 2022-2028.
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Increase in the number of working women and their economic independence are the key reasons for the market growth for female consumers.
Luxury Goods market is split by type and by application for the period 2017-2028, the growth among segments provide accurate calculations and forecasts for revenue by type and by application. This analysis can help you expand your business by targeting qualified niche markets.
Segment by Type
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Luxury Watches & Jewelry
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Apparels And Leather Goods
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Luxury Personal Care & Cosmetics
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Wines/Champagne And Spirits
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Fragrances
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Others
Segment by Application
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Individual
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Commercial
Regional Analysis:
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North America (United States, Canada and Mexico)
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Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
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Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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South America (Brazil etc.)
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Middle East and Africa (Egypt and GCC Countries)
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With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Luxury Goods market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Luxury Goods market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Luxury Goods market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Luxury Goods market.