The global hard luxury goods market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for high-end products and services, which are in turn driving the demand for hard luxury goods. The growth of this market is also attributed to the increase in disposable income and spending power of consumers across different regions.
The global hard luxury goods market has been segmented on the basis of type, application, and region. On the basis of type, it has been segmented into watches and jewelry; on application it has been segmented into monobrand store, department store, specialty store and online store; while on region it has been segmented into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
- The global economy is recovering and the luxury goods market is expected to grow by 3% in 2017.
- The Chinese economy has been growing at a steady pace, which will lead to increased demand for luxury goods in China.
- The US dollar has been strengthening against other currencies, which will make US-made products more attractive to foreign buyers and increase demand for American-made luxury goods abroad.
- Luxury brands are expanding their product offerings into new categories such as wellness, beauty, and fashion accessories that are less susceptible to economic downturns than traditional categories like watches or jewelry that have high price points and require a significant investment from consumers before they can be worn or used on a regular basis.
- Luxury brands are also expanding their geographic reach by opening stores in emerging markets like India where there is an increasing number of wealthy consumers who want access to luxury brands but cannot afford them due to the high prices of these items.
Industry Growth Insights published a new data on “Hard Luxury Goods Market”. The research report is titled “Hard Luxury Goods Market research by Types (Watches, Jewelry, Other), By Applications (Monobrand Store, Department Store, Specialty Store, Online Store), By Players/Companies Graff Diamonds Ltd., LVMH, Giorgio Armani, Swatch Group, Richemont, Bulgari, Chanel S.A., Ralph Lauren Corp., Tiffany & Co., Harry Wintson”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hard Luxury Goods Market Research Report
By Type
Watches, Jewelry, Other
By Application
Monobrand Store, Department Store, Specialty Store, Online Store
By Companies
Graff Diamonds Ltd., LVMH, Giorgio Armani, Swatch Group, Richemont, Bulgari, Chanel S.A., Ralph Lauren Corp., Tiffany & Co., Harry Wintson
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Hard Luxury Goods Market Report Segments:
The global Hard Luxury Goods market is segmented on the basis of:
Types
Watches, Jewelry, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Monobrand Store, Department Store, Specialty Store, Online Store
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Graff Diamonds Ltd.
- LVMH
- Giorgio Armani
- Swatch Group
- Richemont
- Bulgari
- Chanel S.A.
- Ralph Lauren Corp.
- Tiffany & Co.
- Harry Wintson
Highlights of The Hard Luxury Goods Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Watches
- Jewelry
- Other
- By Application:
- Monobrand Store
- Department Store
- Specialty Store
- Online Store
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hard Luxury Goods Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hard luxury goods are items that are typically associated with high-end brands and require a significant amount of money to purchase. These items can include expensive cars, clothing, and accessories.
Some of the major companies in the hard luxury goods market are Graff Diamonds Ltd., LVMH, Giorgio Armani, Swatch Group, Richemont, Bulgari, Chanel S.A., Ralph Lauren Corp., Tiffany & Co., Harry Wintson.
The hard luxury goods market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hard Luxury Goods Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hard Luxury Goods Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hard Luxury Goods Market - Supply Chain
4.5. Global Hard Luxury Goods Market Forecast
4.5.1. Hard Luxury Goods Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hard Luxury Goods Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hard Luxury Goods Market Absolute $ Opportunity
5. Global Hard Luxury Goods Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hard Luxury Goods Market Size and Volume Forecast by Type
5.3.1. Watches
5.3.2. Jewelry
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hard Luxury Goods Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hard Luxury Goods Market Size and Volume Forecast by Application
6.3.1. Monobrand Store
6.3.2. Department Store
6.3.3. Specialty Store
6.3.4. Online Store
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hard Luxury Goods Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hard Luxury Goods Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hard Luxury Goods Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hard Luxury Goods Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hard Luxury Goods Demand Share Forecast, 2019-2026
9. North America Hard Luxury Goods Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hard Luxury Goods Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hard Luxury Goods Market Size and Volume Forecast by Application
9.4.1. Monobrand Store
9.4.2. Department Store
9.4.3. Specialty Store
9.4.4. Online Store
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hard Luxury Goods Market Size and Volume Forecast by Type
9.7.1. Watches
9.7.2. Jewelry
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hard Luxury Goods Demand Share Forecast, 2019-2026
10. Latin America Hard Luxury Goods Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hard Luxury Goods Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hard Luxury Goods Market Size and Volume Forecast by Application
10.4.1. Monobrand Store
10.4.2. Department Store
10.4.3. Specialty Store
10.4.4. Online Store
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hard Luxury Goods Market Size and Volume Forecast by Type
10.7.1. Watches
10.7.2. Jewelry
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hard Luxury Goods Demand Share Forecast, 2019-2026
11. Europe Hard Luxury Goods Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hard Luxury Goods Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hard Luxury Goods Market Size and Volume Forecast by Application
11.4.1. Monobrand Store
11.4.2. Department Store
11.4.3. Specialty Store
11.4.4. Online Store
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hard Luxury Goods Market Size and Volume Forecast by Type
11.7.1. Watches
11.7.2. Jewelry
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hard Luxury Goods Demand Share, 2019-2026
12. Asia Pacific Hard Luxury Goods Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hard Luxury Goods Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hard Luxury Goods Market Size and Volume Forecast by Application
12.4.1. Monobrand Store
12.4.2. Department Store
12.4.3. Specialty Store
12.4.4. Online Store
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hard Luxury Goods Market Size and Volume Forecast by Type
12.7.1. Watches
12.7.2. Jewelry
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hard Luxury Goods Demand Share, 2019-2026
13. Middle East & Africa Hard Luxury Goods Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hard Luxury Goods Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hard Luxury Goods Market Size and Volume Forecast by Application
13.4.1. Monobrand Store
13.4.2. Department Store
13.4.3. Specialty Store
13.4.4. Online Store
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hard Luxury Goods Market Size and Volume Forecast by Type
13.7.1. Watches
13.7.2. Jewelry
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hard Luxury Goods Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hard Luxury Goods Market: Market Share Analysis
14.2. Hard Luxury Goods Distributors and Customers
14.3. Hard Luxury Goods Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Graff Diamonds Ltd.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LVMH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Giorgio Armani
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Swatch Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Richemont
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bulgari
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chanel S.A.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ralph Lauren Corp.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tiffany & Co.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Harry Wintson
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
