Market Research Report
Luxury Goods Retailing in Asia-Pacific, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
|Published by||GlobalData||Product code||657630|
|Published||Content info||117 Pages
|Luxury Goods Retailing in Asia-Pacific, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape|
|Published: June 25, 2018||Content info: 117 Pages||
The "Luxury Goods Retailing in Asia-Pacific, 2017-2022", report published by GlobalData provides analysis of current and forecast market data for luxury goods retail sales in different product categories across Asia-Pacific.
Considerable decline in the sales in major APAC luxury markets including Japan, Hong Kong, and Malaysia led to a minimal growth in the overall APAC luxury market over the past five years. Regional luxury sales registered a CAGR of 1.2% during the period 2012-2017 to reach US$98.5 billion in 2017, from US$92.8 billion in 2012. However, sales are forecast to grow at a healthy CAGR of 6.1% during 2017-2022 to reach US$132.6 billion by 2022 on the back of recovering sales in the Japan, Malaysia, and Hong Kong markets, coupled with considerable growth in the Chinese market, which is forecast to surpass Japan to become the largest luxury market in the region.
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