Global Luxury Goods Market Trends 2014 - 2020

Transparency Market Research

Global Luxury Goods Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020

Published Date 27-Oct-2013

42 Page Report

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Luxury Goods Market is Expected to Reach USD 374.85 billion in 2020 : Transparency Market Research

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Global Luxury Goods Market

REPORT DESCRIPTION

Global Luxury Goods Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020 According to a new market report published by Transparency Market Research Global Luxury Goods Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020, the global luxury goods market was valued at USD 296.1 billion in 2013 and is expected to reach USD 374.85 billion in 2020, growing at a CAGR of 3.4% from 2014 to 2020. Europe was the largest market for global luxury goods in 2013 due to substantial sales through travel retail and duty free shops. As of 2013, North America was the secondlargest market for global luxury goods. Browse Global Luxury Goods Market Report with Full TOC at http://www.transparencymarketresearch.com/luxury-goods-market.html The global luxury goods market is driven by under-penetrated emerging markets of Asia Pacific and Rest of the World (RoW). The luxury goods market demonstrated high growth for the period 2009–2012, but growth slowed down in 2013. Growth is expected to be moderate in 2014, and emerging markets such as the UAE, Saudi Arabia, Egypt, Singapore, Malaysia, Thailand, India, Brazil, South Africa, Vietnam, and Indonesia are expected to drive growth during forecast period 2014–2020. The North American market is witnessing decent growth for absolute luxury goods in contrast to Europe, where per capita expenditure on luxury goods has decreased. Customers in...