Luxury Goods Market in APAC 2024-2028

Description

List of Tables

The luxury goods market in APAC is forecasted to grow by USD 22.82 bn during 2023-2028, accelerating at a CAGR of 3.3% during the forecast period. The report on the luxury goods market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for premium products, expansion in online retailing of luxury goods, and rising disposable income of consumers in APAC.

Technavio's luxury goods market in APAC is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.04%
CAGR	3.3%
Incremental Value	$22.82bn

By Distribution Channel

Offline
Online

By Product

Clothing
Perfumes and cosmetics
Watches and jewelry
Others

This study identifies the rise in demand for sustainable luxury goods as one of the prime reasons driving the luxury goods market in APAC growth during the next few years. Also, brand promotion through social media and growing demand for personalized luxury goods will lead to sizable demand in the market.

The report on the luxury goods market in APAC covers the following areas:

Luxury goods market in APAC sizing
Luxury goods market in APAC forecast
Luxury goods market in APAC industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury goods market in APAC vendors that include Bang and Olufsen Group, Burberry Group Plc, Capri Holdings Ltd., Cartier SA, Chanel Ltd., Compagnie Financiere Richemont SA, Dolce and Gabbana SRL, Gianni Versace Srl, Giorgio Armani S.p.A., Hermes International SA, JOHN HARDY USA Inc., Kering SA, LVMH Moet Hennessy Louis Vuitton SE, MCM Products USA Inc., Prada S.p.A, Ralph Lauren Corp., Rolex SA, S.T. Dupont SA, Swarovski AG, and The Swatch Group Ltd.. Also, the luxury goods market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77613

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Luxury goods market in APAC 2018 - 2022
4.2 Distribution Channel Segment Analysis 2018 - 2022
4.3 Product Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Distribution Channel

6.1 Market segments
6.2 Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2023-2028
6.4 Online - Market size and forecast 2023-2028
6.5 Market opportunity by Distribution Channel

7 Market Segmentation by Product

7.1 Market segments
7.2 Comparison by Product
7.3 Clothing - Market size and forecast 2023-2028
7.4 Perfumes and cosmetics - Market size and forecast 2023-2028
7.5 Watches and jewelry - Market size and forecast 2023-2028
7.6 Others - Market size and forecast 2023-2028
7.7 Market opportunity by Product

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 China - Market size and forecast 2023-2028
9.4 Japan - Market size and forecast 2023-2028
9.5 South Korea - Market size and forecast 2023-2028
9.6 Australia - Market size and forecast 2023-2028
9.7 Rest of APAC - Market size and forecast 2023-2028
9.8 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Burberry Group Plc
12.4 Capri Holdings Ltd.
12.5 Cartier SA
12.6 Chanel Ltd.
12.7 Compagnie Financiere Richemont SA
12.8 Dolce and Gabbana SRL
12.9 Gianni Versace Srl
12.10 Giorgio Armani S.p.A.
12.11 Hermes International SA
12.12 Kering SA
12.13 LVMH Moet Hennessy Louis Vuitton SE
12.14 MCM Products USA Inc.
12.15 Prada S.p.A
12.16 Rolex SA
12.17 The Swatch Group Ltd.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations