Market Research Report
Luxury Goods Retailing in the Americas, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
|Published by||GlobalData||Product code||657632|
|Published||Content info||116 Pages
|Luxury Goods Retailing in the Americas, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape|
|Published: June 25, 2018||Content info: 116 Pages||
The "Luxury Goods Retailing in the Americas, 2017-2022", report published by GlobalData provides analysis of current and forecast market data for luxury goods retail sales in different product categories across the Americas.
The luxury market in the Americas is seeing consistent growth, supported by a favorable economic scenario and rising tourism. The Americas grew at 3.5% CAGR during 2012-2017 and is projected to grow at 4.0% CAGR during 2017-2022. The US is the undisputed leader of the luxury market in the region, accounting for 92.1% market share; however, growth is driven by emerging markets such as Canada, Peru, Colombia, and Mexico. The growing influence of social media has created awareness about brands while the improved purchasing power in these economies makes them attractive destinations for international luxury markets.
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