India Luxury Market Analysed & Forecast by SRI in Insightful Research Study Now Available at MarketPublishers.com30 Apr 2015 • by Natalie Aster
LONDON – Nowadays, Indian luxury market is rapidly gaining momentum and is likely to become the top market for luxury goods from pole to pole. The market is primarily driven by fast increasing number of urban middle-class population as well as increasing number of high net worth individuals (HNWIs) in the country. These factors also attract recognized luxury brands to the country’s market.
The Indian luxury market is anticipated to amount to the value of USD 15 million by 2016, registering a CAGR of around 18% through 2016.
Meanwhile, factors like growing counterfeit sector, lack of experience in luxury goods retailing restrain further development of the luxury market in India. With the aim to attract customers and boost sales the Indian luxury market players adopt different strategies, including offering an affordable spectrum of goods, among other strategies.
On the whole, the Indian luxury market is predicted to see strong performance in the years ahead.
In-demand research publication “Analyzing India’s Luxury Market 2015” elaborated by Smart Research Insights (SRI) offers a detailed analysis of the luxury market in India, paying special attention to the market statistics and performance.
The research report delves into the current situation in the Indian luxury market with a special focus on the market segments and statistics. It specifies emerging market trends and studies the key market drivers along with restrains and challenges. Moreover, the report examines market future opportunities and prospects. The report analyses the competitive landscape in the market and provides detailed profiles of the top players in the Indian luxury market, such as Raymond Weil, Hermès India Ltd, Daimler AG, Bombardier Inc., among others. Furthermore, the study presents a granular future outlook for the market.
Analyzing India’s Luxury Market 2015
Date: March, 2015
Price: US$ 1,200.00
More comprehensive research reports by the publisher can be found at Smart Research Insights page.