Luxury Goods Market Potential in Emerging Cities Discussed in New WealthInsight Report Now Available at MarketPublishers.com16 Oct 2015 • by Natalie Aster
LONDON – As of 2014, the luxury goods marketplace in 10 selected emerging cities surpassed the USD 29.4 billion mark.
The market is set to grow at a swift pace in the upcoming years, since the global economy continues to demonstrate shift towards emerging markets. It is expected to amount to more than USD 62.58 billion in 2019.
Mexico City, Mumbai and Istanbul are among key emerging cities to target for luxury goods. Ho Chi Minh City, Kula Lumpur and Lagos are the smallest luxury markets, with Lagos having the highest growth potential. In the meantime, growth of the markets in Shanghai and Bangkok is expected to slow down.
Cutting-edge research study “Insight Report: The Rise of Luxury Goods in Emerging Cities 2019” drawn up by WealthInsight provides a detailed discussion of the potential the luxury goods marketplace has in ten emerging markets. The report offers a thorough overview of this marketplace. It sheds light on the demand for luxury brands in emerging cities and shares with a reader valuable information on key players. The study estimates a size of each market and explores market trends. The research report investigates new ways to HNWIS as well as UHNWIS and forecasts market development trends.
Insight Report: The Rise of Luxury Goods in Emerging Cities 2019
Published: September, 2015
Price: US$ 3,800.00
More new studies by the publisher can be found at WealthInsight page.