This Asean Luxury Goods Market market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Asean Luxury Goods Market market.
Luxury goods comprises of products such as accessories, footwear, apparel, watches and others which are quite expensive and target those consumers who belongs to premium class. The market for luxury goods consist of three types of end consumers, which includes kids lying between the age of 0-12 years, teenagers belonging to the age group of 13 to 19 years and the rest lies in adult group. Luxury goods market can also be segmented on the basis of application which includes soft luxury goods and hard luxury goods. Soft luxury goods includes designer apparel and leather goods such as hand bags and others, which is easily available for the customers in the hypermarket stores or directly operative outlet. Whereas hard luxury goods comprises of jewellery and premium watches. The hard luxury goods are offered to the consumers through premium class outlets, stores or sell out through internet.
Thus the market for hard luxury product is also segmented on the basis of mode of distribution channel used for offering products to the consumers. The mode of Distribution channel is segmented into retail outlets, sell out through internet, company’s brand outlet and others. Among all these distribution channel online retailing is expected to be most preferred mode for distribution in the forecasted period. This is due to consumer convenience preferences and availability of the products at lower price. Furthermore, the second most preferred mode is expected to be the company’s brand retail outlets as they provide better offerings at less price.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Expanding middle class income group coupled with the urge of consumers for premium class products are the key drivers for the market growth of hard luxury goods in ASEAN region. Moreover, wide varieties of product offerings in each segments and continuous innovation and product launch is also expected to influence the consumers of ASEAN region to fuel the market growth of hard luxury goods in the forecasted period.
However, the market of hard luxury goods in ASEAN region possess some restraining factors. This includes the weak distribution channel and limited availability of the products. Furthermore, the consumers perceives these products as quite expensive and also it is considered as a premium class product and not an absolute necessity.
The key international market players for hard luxury goods operating in ASEAN region includes Gianni Versace S.p.A., LVMH Moet Hennessy Louis Vuitton SA, Compagnie Financiere Richemont SA, Prada S.p.A., Hermes International SCA, Salvatore Ferragamo S.p.A, Prada S.p.A, Ralph Lauren Corp, Christian Dior SE, Gucci, Rolex SA, Bottega Veneta, Louis Vuitton Malletier, Tod's S.p.A. and others.
This research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, geographies and types.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also the maps qualitative impact of various market factors on market segments and geographies.
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The report covers exhaustive analysis on:
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Regional analysis includes
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