Dallas, TX -- (SBWIRE) -- 06/12/2014 -- The report titled "Asia-Pacific Luxury Goods Market: Trends and Opportunities (2013-2018)" provides an in-depth analysis of major luxury goods market of Asia Pacific region like Japan, China, South Korea and India. The report assesses the key opportunities and underlying trends in the market and outlines the factors that are and will be driving the growth of the industry in the forecasted period (2013-18). Further, key players of the luxury goods market like LVMH Moet Hennessy Louis Vuitton SA, Compagnie Financiere Richemont SA, Kering SA and HermA's International are analyzed in the report.
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Luxury goods refer to products which are commonly characterized by its 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, etc. has been seen since many
Asia particularly China has been the engine and facilitator for growth of luxury goods market for several years particularly for products, accessories and hard luxury items such as watches and jewelry. The Asia Pacific region currently accounts for over two-thirds of global luxury goods market and the region is expected to account for nearly half of total global luxury goods sales in coming years.
Geographical Coverage: Asia Pacific, China, Japan, South Korea & India
Company Coverage: LVMH Moet Hennessy Louis Vuitton SA , Compagnie Financiere Richemont SA , Kering SA & HermsA's International
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Factors driving growth of luxury goods market in Asia Pacific region are increase in number of high net worth individuals in the region, consumption of luxury goods by middle class population and increasing internet penetration boosting e-commerce of luxury goods. In recent years, smaller Asian economies have also been showing rise in number of millionaires. However, counterfeiting of luxury goods and high import duties/tariffs in Asia Pacific region poses challenge to industry's growth in the region. Major trends prevailing in luxury goods market of Asia Pacific region are luxury tourism, expansion of luxury retailers to lower tier cities of the region and upcoming Â‘affordable luxury' segment.
Major points from Table of Contents (http://www.marketreportsonline.com/295938-toc.html) are listed below:
List of Figures
Figure 1: Characteristics of Luxury Goods
Figure 2: Asian Countries' Stages of Luxury Evolution
Figure 3: Market Size of Luxury Goods in Asia Pacific Region, 2007-12E (US$ Billions)
Figure 4: Market Size Forecast of Luxury Goods in Asia Pacific Region, 2013E-18E (US$ Billions)
Figure 5: Asia Pacific Luxury Goods Market Size by Nation, 2011-12 (US$ Billions)
Figure 6: Market Size of Luxury Goods in Mainland China, 2007-12 (US$ Billions)
Figure 7: Market Size Forecast of Luxury Goods in Mainland China, 2013E-18E (US$ Billions)
Figure 8: Chinese Luxury Goods Consumers Break-up by Region (2012)
Figure 9: China Domestic Luxury Expenditure by Segments, 2012 (US$ Billions)
Figure 10: China Domestic Luxury Expenditure by Segments (2012)
Figure 11: Market Size of Luxury Goods in Japan, 2007-12 (US$ Billions)
Figure 12: Market Size Forecast of Luxury Goods in Japan, 2013E-18E (US$ Billions)
Figure 13: Japanese Luxury Goods Consumers Break-up by Region (2012)
Figure 14: Market Size of Indian Traditional Luxury Market by Segments, 2012E (US$ billions)
Figure 15: Market Size of Luxury Goods in India, 2009-12E (US$ Billions)
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