Deerfield Beach, FL -- (SBWire) -- 09/09/2015 --Luxury Goods Market in China to grow at a CAGR of 9.64% over the period 2014-2019. Luxury goods are non-essential goods that are indicative of higher social and cultural status. Purchasing luxury goods depends on affordability, income and assets. The demand for these goods is proportional to the increase in the disposable income. These goods are often purchased as a status symbol worldwide.

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Covered in this Report

The Luxury Goods market in China consists of the following goods: watches, cosmetics, perfume and personal care, leather goods, men' wear, jewelry, footwear, women's wear, and accessories.

Luxury Goods Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report provides a brief demographic profile of China and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors:
Chanel
Gucci
L'Oréal
LVMH

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Other Prominent Vendors:
Armani
Burberry
Cartier
Coach
Estée Launder
Hermés International
Hugo Boss
Logines
Omega
Prada
Rolex
Shiseido
Tiffany

Key Market Driver:
Favourable Demographic Factors
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Key Market Challenge:
Availability of Counterfeit Product
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Key Market Trend:
Increase in Penetration of E-commerce
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