France Luxury Goods Market Trends Canvassed by Euromonitor in New Research Study Available at MarketPublishers.com
24 Dec 2014 • by Natalie Aster
LONDON – The stagnation of the French economy, low GDP growth and fiscal pressures negatively influence the development of the country’s market for luxury goods, which records low domestic demand. In 2014, the rising customer demand for customized luxury products is observed in France, primarily in luxury timepieces and designer footwear sectors. The trend is likely to continue in the years ahead.
Today, the luxury goods are primarily distributed through branded outlets and department stores. Meantime, the rising volumes of online retailing of luxury goods in the country will likely propel the development of the online retailing channel.
Whilst the local consumers are stimulating the growth of the low-priced luxury brands sector, the tourists arriving to France from other countries spur the development of total luxury brands market. The French luxury goods market is predicted to demonstrate positive YoY sales increase in the short run, mainly stimulated by the positive growth in such sectors as luxury travel goods and accessories.
The French economy is set to show slow recovery through 2019; still, people are unlikely to boost their spending given the continued fiscal pressures. The unstable economic situation will likely drive sales of more affordable and low-priced luxury goods.
New market research report “Luxury Goods in France: Trends And Prospects” drawn up by Euromonitor International Ltd delves deep into the luxury goods market in France. It provides wealth of invaluable information on the French luxury goods market performance and examines the market shape and size (historical and forecast). Moreover, the cutting-edge report overviews the major factors, driving and limiting the expansion of the luxury goods market in France. It discusses the main issues faced by the luxury goods manufacturers and mentions the major opportunities emerging within the marketplace. The comprehensive report contains a detailed guide to the competitive scenario and reveals unique data on the leading French luxury goods brands and companies, covering their market shares, performance by key product categories and distribution volumes. Five-year forecasts for the French luxury goods market are given in the topical study.
Luxury Goods in France: Trends And Prospects
Published: December, 2014
Price: US$ 1,200.00
More new market research reports by the publisher can be found at Euromonitor International page.