Singapore Luxury Goods Market Outlook to 2017 - Rising Hnwi Population to Propel the Growth

Singapore Luxury Goods Market Outlook to 2017 - Rising HNWI Population to Propel the Growth The report titled “Singapore Luxury Goods Market Outlook to 2017 – Rising HNWI Population to Propel the Growth” provides a comprehensive analysis of the market size of Singapore luxury goods Industry on the basis of revenue generated from the sale of different types of luxury goods in the country. The report provides a brief overview of luxury goods sales in Singapore covered in terms of various segments such as designer apparels, luxury footwear, premium cosmetics and fragrances, luxury watches, designer jewellery, luxury spirits and wines, cigars and other luxury fashion accessories. The analysis has been further extended to cover the competitive picture of the industry, thereby detailing the market share and company profiles of major players operating in the luxury goods business in Singapore. The report also provides the major trends and developments driving the growth of luxury goods market in Singapore, observed over the last few years. Future outlook of this market in the country has been provided on the basis of revenue over the next five years. Luxury goods have gradually become the symbols of economic status especially for the middle and upper class population in the country. Singapore luxury goods market size stood at nearly USD ~ million in 2012, showcasing a healthy CAGR of 13.8% from 2007. The market observed a slightly sluggish growth rate of 9.4% in 2012 as compared to the past years. During this year, the growth rate slowed across all the major segments of the market relative to the previous years. However, the segment of luxury watches suffered the maximum, noting a significant depreciation of 3.8% from 2011. Luxury goods have become an integral part of the lifestyles in Singapore as compared to countries such as India, China, Taiwan and others. Singapore luxury goods market covers various types of product categories including designer...