Luxury Goods Market in China

Topics: Gucci, LVMH, Luxury good Pages: 3 (298 words) Published: January 26, 2015
Luxury Goods Market in China 2015-2019

Luxury goods are different from necessity goods as the demand for these goods increases with an increase in income. Luxury goods consist of watches, cosmetics, perfume, personal care products, leather goods, men's wear, jewelry, footwear, women's wear, and accessories. People buy luxury goods to improve their standard of living, stand apart from the crowd, express individuality, as a status symbol, and for an overall consumer experience.

Covered in this Report

This report covers the present scenario and the growth prospects of the Luxury Goods market in China for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of luxury goods such as watches, cosmetics, perfume, personal care products, leather goods, men's wear, jewelry, footwear, women's wear, and accessories.

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Key Regions

China

Key Vendors

Chanel SA
Gucci SpA
L'Oréal SA
LVMH Group

Other Prominent Vendors

Armani
Burberry
Cartier
Coach
Estée Lauder
Hermés International
Hugo Boss
Logines
Omega
Prada
Rolex
Shiseido
Tiffany

Key Market Driver

Favorable Demographic Factors
For a full, detailed list, view our report.

Key Market Challenge

Availability of Counterfeit Products
For a full, detailed list, view our report.

Key Market Trend

Increased Penetration of E-commerce
For a full, detailed list, view our report.

Key Questions Answered in this Report

What will the market size be in 2018 and what will the growth rate be? What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?

For more insights, view our Luxury Goods Market in China 2015-2019 report.
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