Global Luxury Goods Market Report -----------------------------------------

2016

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Executive Summary Luxury Goods refer to products or services of superior quality that are distinguished from normal goods because of their unique craftsmanship,

exclusivity and the reputation associated. Characterized by their quality, price, scarcity, uniqueness, status, ancestral heritage and personal history, luxury goods can be classified as absolute, aspirational and accessible products. Luxury goods can reach the customers in three ways, through retail, wholesale or online. The wholesale route gives wider market exposure; retail channels give the opportunity for having direct contact with the customers, while the online mode gives flexibility to the customers.

The global luxury goods market can be broadly segmented into personal luxury goods market, luxury cars market, luxury foods market, luxury spirits market, luxury cruises market and luxury Yacht & Private Jets market,. Growing affluence and rising consumer consciousness have ensured sustained growth in the global luxury goods market, which is helmed by personal luxury goods at the forefront. Key factors driving this growth are, rise in HNWI population, increased internet penetration, rise in urban population, increased number of millionaires and a rise in ageing population.

The report provides an overview of the entire global luxury goods market including the key trends, growth drivers and challenges associated. In recent years demand for luxury goods has seen a rising trend in almost all the major regions of the world. This can be attributed to onset of the digital age and growing e-commerce coupled with an expanding off-price market that has led to narrowing of income and demand gaps between consumers. High tourist spending in Asia and burgeoning tourism are other trends in the global luxury good market. However, falling commodity prices and the ongoing oil crisis have led to a downward revision of the Global GDP, posing a serious challenge for luxury consumption across the globe. China’s economic slowdown, geopolitical threats and financial volatility are other such factors that may affect the global luxury goods market in the years ahead.

Competition in this market is rather fragmented, with a number of companies closely competing with each other. However, Louis Vuitton-Moet Hennessey (LVMH) has persistently taken up the top spot as far as sales revenue is concerned. Kering, Richemont, Luxottica and Hermes are close competitors.

The report has forecasted future trend in the global luxury goods market by combining SPSS Inc.’s data integration and analysis capabilities. Regression models have been created by employing various significant variables that have an impact on the market. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.

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Increasing affluence and consumer consciousness has narrowed down the gap between necessity and luxury spending, ensuring sustained growth in the global luxury goods market over the years…

In 2015, the global luxury goods market is estimated to have reached US$... billion (EUR… billion), increasing from US$1150 billion (EUR… billion) in the previous fiscal year, recording an annual growth of ..%.

The luxury cars market, in 2015 is expected to have constituted ..% of the total market, with an estimated revenue of US$... billion (EUR… billion),

Personal luxury goods market is expected to account for ..% of the revenue share

The luxury hotellerie market is expected to account for ..% of the revenue share while the luxury wine & spirits market and luxury food market is expected to constitute ..% and ..% of the global luxury goods market respectively.

In 2015, the Americas region is expected to have constituted ..% share followed by Europe accounting for …%.

Global Luxury Goods Market by Segment (2015E)

Global Luxury Goods Market by Value (2012-2015E)

Global Personal Luxury Goods Market by Region (2015E)

2012 2013 2014 2015E

US$

Billi

on

Luxury Cars Personal Luxury Goods Luxury Hotellerie Luxury Wine & Spirits Luxury Food Fine ArtHigh-Quality Design Luxury Private Jets Luxury YachtLuxury Cruises

The Americas Europe Japan China Rest of Asia Rest of the World

Increase in luxury goods demand can be attributed to onset of the digital age and growing e-commerce coupled with an expanding off-price market that has led to narrowing of income and demand gaps between consumers…

In 2015, the global personal luxury goods market is estimated to have reached US$...billion (EUR… billion), decreasing from US$... billion (EUR… billion) in the previous fiscal year.

The accessories category, in 2015 is expected to have constituted ..% of the market revenue. Apparel, hard luxury and beauty segments are expected to account for relatively equal share of the market constituting ..%, ..% and ..% respectively.

.. % of the global luxury cars market is expected to have been accounted for by the accessible segment in 2015.

The aspirational segment is expected to have constituted ..% of the revenue share, while the absolute segment is expected to account for ..% of the global luxury cars market revenue in 2015.

Global Personal Luxury Goods Market by Category (2013-2015E)

Personal Luxury Goods Market Revenue (2010-2015E)

Global Luxury Cars Market by Segment (2015E)

2012 2013 2014 2015E

Billio

n

Personal Luxury Goods(US$) Personal Luxury Goods(EUR)

2013 2014 2015E

Accessories Apparrel Hard Luxury Beauty OthersAccessible Aspirational Absolute

High tourist spending in Asia and burgeoning tourism bolster growth in the global luxury good market..

Around ..% of the total luxury goods demand came from touristic spending while the rest was accounted for by domestic consumers.

In Europe ..% of the luxury demand was from international travellers in the year 2014.

As of 2015, the maximum numbers of middle class population by region resided in XX constituting ..% of the world middle class population, followed by XX constituting ..%.

Demand for luxury goods as a percentage of its Gross Domestic Product (GDP), witnessing a ..% increase from 2010.

HNWI population , reached .. million in 2014, recording a ..% growth from .. million in the previous year.

Global Middle Class Population by Country (2015)

Luxury Domestic and Tourist Demand by Region (2014)

Luxury Demand as Percentage of GDP (2010-2014)

Europe The US Asia J apan OverallIndustry

Domestic Consumers Tourists

China The US Japan Italy GermanyThe UK France India Spain KoreaCanada Mexico Brazil Others

2010 2014

J apan The US Europe China

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