Globally, luxury fashion market has been increasing due to improved offerings for affordable and lower-priced luxury fashion. Enhanced product line differentiation, segmentation, improved digital marketing tools through various popular social media websites specific to regions is positively influencing the luxury fashion market. Hence, luxury fashion market is expected to grow at CAGR of more than 5% from 2016 to 2022.
Europe and North-America dominates the luxury fashion market share during the period 2011-2015 due to the presence of major market players in these regions.
This report includes a study of strategies, of major market players. It includes the product portfolios, developments of leading major players such as Louis Vuitton, Hermès, Gucci, Chanel, Rolex, Cartier, Prada, Burberry, Michael Kors, Tiffany, Zara, and Dolce & Gabbana.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global luxury fashion market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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Secondary data reveals that among the various market segments accessories specifically watches and jewelry witnessed highest growth followed by clothing in the last few years
Clothing and accessories dominates the luxury fashion market both in market volume
Rise in women working population across the world has boosted the luxury fashion product sales to a greater extent, traction for branded items, rise in disposable incomes continue to support growth of the luxury fashion market
The key players profiled in luxury fashion market are Louis Vuitton, Hermès, Gucci, Chanel, Rolex, Cartier, Prada, Burberry, Michael Kors, Tiffany, Zara, and Dolce & Gabbana
The global luxury fashion market, by region, has been segmented into Europe, Asia Pacific, North America, and the Rest of the World (RoW). North America and Europe are the two prominent regional segments owing to the strong economic growth being witnessed in these regional segments. The presence of developed economies such as the U.S., the U.K., France, Germany, Italy, etc. In addition, most of the brands are based out of these regions which are anticipated to further propel the expansion of the luxury brand market in these regions. The high purchasing power of the masses is likely to drive the expansion of the regional market. In addition, the availability of a wide variety of options to choose from, in conjunction with the influence of fashion industry, is poised to boost revenue generation in the luxury brand market in North America and Europe.
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Asia Pacific is expected to exhibit rapid developments owing to the exponential growth of the middle-income population. The per capita income of the region is increasing which has led to a rise in the standards of living of the people. This, in turn, is projected to accelerate revenue creation for the participants of the luxury brands market in the years to come.
The Rest of the World (RoW) is poised to witness steady growth. Although certain regions in Africa are anticipated to grow at a limited pace, the growth of the Middle Eastern countries is expected to propel market expansion.
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