November 27, 2020

Personal Luxury Goods Market Forecast 2020 – 2027 Top Key Players Analysis

This global study conducted by GMI Research provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for different segments. The market report tracks the overall demand growth during the forecast period. A regional study of the market is also carried out in North America, Asia-Pacific, Europe, and the Rest of the World. The report indicates growth parameters in the regional markets, along with leading players that are dominating the industry.

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Competitive Landscape:

The leading organizations covered in the Personal Luxury Goods Market are:

  • 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

Drivers of the Personal Luxury Goods Market:

The growing disposable income and enhanced living standards of people is promoting them to opt for luxury goods, are the major factors driving the growth of the global personal luxury goods market. The drastic shift in the consumer’s preference towards quality brands encourages the manufacturers to mainly emphasize on innovation to capture the shifting demand of the target customers. Moreover, several organizations are focusing on implementing various marketing strategies on numerous platforms to gain a competitive benefit over other organizations in the market.

The growing consciousness among the consumers related to fashion, along with rapid urbanization and adoption of modern lifestyle, will enhance 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 propel the growth of the market globally. Several luxury brands are expanding their product portfolios to offer higher flexibility to the customers to choose products as per their needs. On the other hand, the variations in the prices of raw materials and the increasing labor cost will hinder the growth of the market in the upcoming years.

Based on region, the Asia-Pacific is expected to dominate the market during the forecast period due to rising disposable income leading to rising spending on luxury goods and the rapid increase in the working women population across the Asian economies. The fundamental shift in the consumer’s preference for personal luxury goods, along with the growing middle-class population, will further propel the demand of the market.

Key Benefits offered by the Personal Luxury Goods Market report:

  • This study represents the analytical depiction of the Personal Luxury Goods Market along with the ongoing trends and future estimations to determine the imminent investment pockets.
  • The report provides detailed information related to market drivers, restraints, and growth opportunities, followed by the analysis of the Personal Luxury Goods Market share.

Segmentation of the Personal Luxury Goods Market:

The Personal Luxury Goods Market has been categorized into the following segments:

Breakup by Product Type:

  • Apparels
  • Accessories
  • Cosmetics & Fragrances
  • Hard Luxury
  • Others

Breakup by Distribution Channel:

  • Online Stores
  • Specialized Stores
  • Supermarket/Hypermarket
  • Others

Breakup by Region:

  • North America

o United States of America

o Canada

  • Asia Pacific

o China

o Japan

o India

o Rest of APAC

  • Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

  • RoW

o Brazil

o South Africa

o Saudi Arabia


o Rest of the world (remaining countries of the LAMEA region)

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GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, be it small and medium enterprises or large organization. Our research team helps the clients to understand the importance and impact of the market dynamics. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use both internal and external databases to cull out relevant information about the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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