Luxury Goods Marketplace Studied by Euromonitor in Its Report Available at MarketPublishers.com06 Jan 2017 • by Natalie Aster
LONDON – In Thailand, the market for luxury goods is on the rise given a rise in materialism coupled with the recovery of the local economy. The intention of the government to make this country a luxury shopping hub and measures it has already taken supported this growth. The local marketplace it turning increasingly fragmented due to a rise of different brands.
In 2016, a slowdown in the economic environment led to the increase in collaboration between luxury and non-luxury brands in Malaysia. The local market boasts a high level of fragmentation, and the competition between players is very fierce. The distribution was ruled by non-brand luxury stores in 2016.
In South Korea, there was healthy growth in current value sales as of 2016. This was a result of the rising sophistication of tastes amongst local consumers. Traditional brands maintained their position in the same year, but new brands are becoming increasingly competitive.
In-demand research report “Luxury Goods 2017: New Insights and System Refresher” drawn up by Euromonitor International offers an up-close look at the worldwide market for luxury goods. The study provides a 360-degree overview of the marketplace.
It sheds light on sectors that are set to grow and concentrate on factors that are driving change. The report scrutinizes the competitive landscape and unveils leading companies and brands dominating the space.
The research study predicts how the marketplace is set to change in the offing and discloses opportunity zones.
Products covered in the report comprise: luxury leather goods, designer apparel and footwear, luxury timepieces, and more.
Other Marketplaces Explored by the Publisher Comprise:
- Natural Ingredients in Food and Beverages
- Air Treatment Products in the Philippines
- Grocery Retailers in Serbia
- Adult Mouth Care in Singapore
- Analgesics in Saudi Arabia
More in-demand studies by Euromonitor can be found at its page.