Press Releases
 
Hard Luxury Goods Market Performance, Competitiveness & Global Revenue Analysis

, 12 July 2018 -- Hard Luxury Goods Market Performance, Competitiveness & Global Revenue Analysis

The global hard luxury goods market has been anticipated in a report by Transparency Market Research (TMR) to experience a high level of competition because of an expansive pool of well-settled players. The analysts authoring the report have projected the competition to intensify further as an increasing count of new players continue to venture into the market. The report has recognized Chanel, Bulgari, Richemont, Swatch Group, and Giorgio Armani as leading competitors of the industry. As a buyer of the report, you could expect to gain a complete understanding of the competitive landscape and receive a detailed account of how leading players are competing in the market.

Get Brochure For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=31178

As per a study presented in the report, TMR has envisaged the global hard luxury goods market to bag spectacular revenue of a total of US$126.11 bn by the completion of 2022. The market could expand at a 10.90% CAGR between 2017 and 2022. In 2017, it accounted for earnings worth a US$75.24 bn. Consumers of hard luxury goods could place a higher value on watches which have been predicted to rise at an 8.30% CAGR. With a significant presence of players in the region, Europe could achieve a king’s share of the market.

Increasing Preference for Branded Items Propels Demand

As observed by seasoned analysts, the world hard luxury goods market has been prognosticated to gain impetus with the rising trend of a higher inclination toward branded products. You could see the sales of branded products improving greatly on the back of a large count of consumers placing a magnified emphasis on superior quality and innovative craftsmanship. Furthermore, the retail industry has been investing heavily on the marketing of products, which has led to an increase in the number of ad campaigns held with the help of digital media platforms. Retailers have also been taking product marketing initiatives to amplify their sales. All of these factors could positively impact the market in the coming years.

Regions with an enormously dense retail network such as Europe have been foretold to lavishly contribute toward the growth of the world hard luxury goods market. However, there could be other regions such as Asia Pacific excluding Japan (APEJ) increasing growth while riding on the rising count of newly listed high net worth individuals.

Lack of Raw Materials and Price Volatility Impede Growth

The international hard luxury goods market has been prophesied to stay healthy. However, players may encounter some challenges on the way. Brazil, China, India, and other rewarding markets in Latin America and Asia have been continually increasing tariffs in the recent years. Moreover, volatility in prices and lack of raw materials could hamper the demand for hard luxury goods.

However, increasing disposable income of consumers in developing regions and improving global economy have been envisioned to create ample of opportunities in the international hard luxury goods market. Companies could expand their customer base by offering budget and affordable luxury products in the capacity of hard luxury goods. Thus, players could expect the market to offer handsome prospects despite the expected slowdown in demand.

Get Customize Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=31178

Key Takeaways

Watches to remain as one of the most valued products of the market.
Europe to gain an upper hand in terms of share with a greater presence of leading players.

The global hard luxury goods market has been segmented as presented below:

Global Hard Luxury Goods Market by Product

Watches
Jewelry

Global Hard Luxury Goods Market by Gender

Men
Women

Global Hard Luxury Goods Market by Sales Channel

Monobrand Store
Department Store
Specialty Store
Online Store

# # #


Submitted by K Singha on Thursday, 12 July 2018 at 7:10 PM
Category: Science & Research
 
Related News

Orthopedic Navigation Systems Market 2025: Healthcare Industry Demand, Growth, Analysis & Forecast
Thursday, 21 Feb 2019

Global Critical Care Diagnostics Market Status and Forecast 2025
Wednesday, 20 Feb 2019

Global Point Of Care Testing Market for Future Trend 2018-2025
Wednesday, 20 Feb 2019

Global Pen Needles Market for Future Trend 2023
Tuesday, 19 Feb 2019

EDM 760 System and Its Advantages in Aircraft
Monday, 18 Feb 2019

Related Events

20th International Union for Quaternary Research Congress (INQUA 2019)
Thursday, 25 Jul 2019

Latest News

China Company Comes Forward To Meet Global Market Requirements!
Sunday, 24 Feb 2019

PhotoviewerPro: An extraordinary tool for photo editing
Sunday, 24 Feb 2019

Alpha-Arbutin Cream can Perfectly Brighten the Dark Spots on Your Face
Sunday, 24 Feb 2019

Hi-Rel Plastics & Molding, Inc is the Best Plastic Injection Molding & Plastic Blow Molding Company
Sunday, 24 Feb 2019

D.O.G. Provides the Best Dog Kennels in Miami
Saturday, 23 Feb 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Sunday, 24 February 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Applying Integrative Medicine in Everyday Practice
  • BCG DV Imagines
  • Pulmonary Hypertension CME Conference Feb 2019
  • Intuit Small Business Hackathon London
  • The National Conference on Wilderness Medicine Big Sky, MT

  • Latest Jobs
    Sorry, there are currently no entries posted here.