Top Report on Global Luxury Goods Market 2015 Edition

ResearchMoz.us include new market research report " Global Luxury Goods Market Report 2015 Edition: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Luxury goods refer to products which are commonly characterized by their premium quality, craftsmanship, recognizability, exclusivity and reputation. These high-end goods tend to satisfy socio-psychological needs in greater form and bring esteem to the owner. Fondness for all forms of luxury like fashion products, accessories, bags & cases, cosmetics & fragrances, vehicles, utility gadgets, beverages and interior decoration products, has been seen since many centuries. In economic terms, luxury goods are the ones for which the law of demand is reverse i.e. the demand for such products increases with price.

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Luxury is usually stratified in three layers viz. Accessible, Aspirational and Absolute. A few other factors which determine the degree of luxury are price, uniqueness, availability, promotion, and brand among others. Moreover, the luxury industry usually covers products like perfumes and cosmetics; hard luxury; cognac; handbags and cases; furniture; vehicles, etc. These products are sold through wholesale, retail or online channels.

Improving global economy, rising disposable income and wealth, growing consumption of luxury goods by middle class population and continuous global urbanization are all major factors that are fueling the development of global luxury goods market. Growth of this market is directly associated with macro indicators, including real GDP, tourist arrivals, wealth, and disposable income. One of the main drivers to propel the growth of this market is the booming business of online personal luxury goods. The emergence of an off-price pricing strategy in the global online luxury goods market is making personal...