According to a market report by Lucintel, the future of the hard luxury goods market looks promising with opportunities in the consumer goods and service sectors. The hard luxury goods market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth driver for this market is the increasing preference for branded items.
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In this market, watches and jewelry are the major product type segments.
North America will remain the largest market over the forecast period due to the high per capita income of the regional population.
Bulgari, Bottega Veneta, Chanel, Graff Diamonds, Giorgio Armani, Hermes, Harry Winston, Louis Vuitton, Richemont, Ralph Lauren, Swatch, and Tiffany are among the major manufacturers of hard luxury goods.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the hard luxury goods market by product type, distribution channel, gender, and region. Lucintel has prepared a comprehensive research report titled "Hard Luxury Goods Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the hard luxury goods market by product type, distribution channel, gender, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
By Distribution Channel [$M shipment analysis for 2013 – 2024]:
Online Stores
Department Stores
Specialty Stores
Monobrand Stores
By Gender [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/hard-luxury-goods-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.