Global Apparel, Accessories and Luxury Goods Market - Watches the Most Appealing Segment
This report highlights major luxury goods markets (in terms of production and consumption). Report talks about recent industry trends, driving factors, industry forecast and also players profiling. Geographically, it covers United States, China, Japan, Russia and Poland. We have analysed present market trends and future industry outlook to conclude the further opportunities in the market.
The overall luxury goods sector is vast covering apparel, accessories and home decor products. Economic slowdown has affected this sector the most due to the high cost involved but from 2H ’10 this market is expected to pick up its growth. Comparatively, the European and Asia-Pacific markets will grow with CAGR of ~% and ~% respectively (2009-2014). In terms of geography Europe leads the global apparel, accessories and luxury goods market, closely followed by Americas and Asia-Pacific.
Market for luxury watches is primarily export driven with Switzerland leading the way followed by Hong Kong and China. Taking the current economic situations, Germans are less keen on expensive watches. Luxury watches market represents the largest segment within the luxury goods market, while luxury cosmetics market is projected to be the fastest growing segment over the analysis period 2007-2015.
Tourism will support further the demand for luxury goods with Europe to continue its leadership position as a producer in the luxury goods industry. The US jewellery market was highly split in the year 2009 with 22,182 retail speciality jewellers across 24,000 doors compared to 26,000 in 2007. The industry witnessed a decline of 5.6% in comparison to 2007.
China has emerged as the top spot for the luxury watches segment in Asia. Swiss brands continued with their dominance in 2008 as well. The domestic market of Japan witnessed luxury boom in the recent years which had a direct effect on the growth of the market. Russia is one of the fastest developing markets, including China and India, which includes cosmetics, cars and yachts, jewelry and watches, food and wine, furniture and accessories and other products.
The overall luxury goods sector is vast covering apparel, accessories and home decor products. Economic slowdown has affected this sector the most due to the high cost involved but from 2H ’10 this market is expected to pick up its growth. Comparatively, the European and Asia-Pacific markets will grow with CAGR of ~% and ~% respectively (2009-2014). In terms of geography Europe leads the global apparel, accessories and luxury goods market, closely followed by Americas and Asia-Pacific.
Market for luxury watches is primarily export driven with Switzerland leading the way followed by Hong Kong and China. Taking the current economic situations, Germans are less keen on expensive watches. Luxury watches market represents the largest segment within the luxury goods market, while luxury cosmetics market is projected to be the fastest growing segment over the analysis period 2007-2015.
Tourism will support further the demand for luxury goods with Europe to continue its leadership position as a producer in the luxury goods industry. The US jewellery market was highly split in the year 2009 with 22,182 retail speciality jewellers across 24,000 doors compared to 26,000 in 2007. The industry witnessed a decline of 5.6% in comparison to 2007.
China has emerged as the top spot for the luxury watches segment in Asia. Swiss brands continued with their dominance in 2008 as well. The domestic market of Japan witnessed luxury boom in the recent years which had a direct effect on the growth of the market. Russia is one of the fastest developing markets, including China and India, which includes cosmetics, cars and yachts, jewelry and watches, food and wine, furniture and accessories and other products.
- By the end of 2014 market is expected to reach US$~ billion driven by diversification of the consumer base, changing consumer habits and values, and growing demand from emerging economies.
- Luxury watches market represents the largest segment within the luxury goods market, having contributed a share of about 17% in the total dollar sales, while luxury cosmetics market is projected to be the fastest growing segment over the analysis period 2007-2015.
- In 2007, fashion and clothing were high on demand, led to the biggest share of ~% of the total luxury goods market revenue, closely followed by perfumes and cosmetics at ~%, and watches and jewellery at ~%.
- The US jewelry market is approximately US$~ billion (40% diamond sales), while the specialty jewelry market represents US$~ billion of that base and the rest US$~ billion goes to other segments of the jewelry market.
- By 2014 China’s luxury goods market would reach ~ billion. Sectors that would contribute to the growth primarily would be automobile, fashion clothing and accessories segments.
- In Poland, retailers are focusing on polish jewelry and developing product quality and designs. Around 50% of world-famous luxury jewellery and watch brands have representatives in Poland.
- The market opportunity for luxury products in India is estimated at US$~ billion in 2008 which was US$~ billion in 2007. This market is expected to grow at 25-30 per cent a year till 2015. A number of high-end international brands (such as Armani, Noraletto, Raymond Wiel and Burberry) have entered the Indian market through joint ventures with Indian retail players.
- The world’s leading luxury brands are gradually expanding their markets from metropolises such as Beijing, Shanghai and Guangzhou to smaller cities. They plan to expand their stores to tier-2 cities2 or even tier-3 cities3 in China.
1. GLOBAL APPAREL, ACCESSORIES AND LUXURY GOODS MARKET
1.1 Market Size
1.2 Luxury Goods Demand by Geography
1.2.1 Switzerland Leader in Watch Exports
1.2.2 Watch Demand in Germany
1.3 Industry Outlook
1.4 Luxury Goods Market in 2007
2. UNITED STATES
2.1 North America Watch Market
2.2 US Jewelry Market in 2009
2.3 Market Competition
3. CHINA
3.1 China Luxury Goods Market
3.2 China Luxury Watch Market
3.3 China Jewelry Market
3.4 Market Competition
3.5 Factors Driving Jewelry Consumption
4. JAPAN
4.1 Jewelry Luxury Market overview
4.2 Japan Industry in Recession
5. GLOBAL LUXURY INDUSTRY TRENDS
5.1 Russia luxury goods market
5.2 Luxury Goods Developments in Poland
5.3 Luxury Market Development in India
5.4 The Swiss watch Industry Trends and Developments
5.4.1 Growth in Swiss Watch Exports
5.4.2 Wristwatch Export by Material
6. COMPANY PROFILING
6.1 LVMH
6.1.1 Business Description
6.1.2 Key Financials
6.1.3 Key Business Developments and Strategies
6.2 Swatch Group
6.2.1 Business Overview
6.2.2 Key Financials
6.2.3 Business Developments
6.3 Hermes International
6.3.1 Business Overview
6.3.2 Key Financials
6.3.3 Key Developments
6.4 BVLGARI
6.4.1 Business Description
6.4.2 Key Financials
6.4.3 Business Developments
1.1 Market Size
1.2 Luxury Goods Demand by Geography
1.2.1 Switzerland Leader in Watch Exports
1.2.2 Watch Demand in Germany
1.3 Industry Outlook
1.4 Luxury Goods Market in 2007
2. UNITED STATES
2.1 North America Watch Market
2.2 US Jewelry Market in 2009
2.3 Market Competition
3. CHINA
3.1 China Luxury Goods Market
3.2 China Luxury Watch Market
3.3 China Jewelry Market
3.4 Market Competition
3.5 Factors Driving Jewelry Consumption
4. JAPAN
4.1 Jewelry Luxury Market overview
4.2 Japan Industry in Recession
5. GLOBAL LUXURY INDUSTRY TRENDS
5.1 Russia luxury goods market
5.2 Luxury Goods Developments in Poland
5.3 Luxury Market Development in India
5.4 The Swiss watch Industry Trends and Developments
5.4.1 Growth in Swiss Watch Exports
5.4.2 Wristwatch Export by Material
6. COMPANY PROFILING
6.1 LVMH
6.1.1 Business Description
6.1.2 Key Financials
6.1.3 Key Business Developments and Strategies
6.2 Swatch Group
6.2.1 Business Overview
6.2.2 Key Financials
6.2.3 Business Developments
6.3 Hermes International
6.3.1 Business Overview
6.3.2 Key Financials
6.3.3 Key Developments
6.4 BVLGARI
6.4.1 Business Description
6.4.2 Key Financials
6.4.3 Business Developments
LIST OF FIGURES
Figure: Global Apparel, accessories and luxury goods Market by Value (2005-2009)
Figure: Global Apparel, accessories and Luxury goods Market by Segments in 2009
Figure: Global Apparel, accessories and Luxury goods Market by Geography in 2009
Figure: Swiss Watch Products Exports by Value in 2007
Figure: Swiss Wristwatch Exports by Unit in 2007
Figure: German Watch Industry by Value (2005-2007)
Figure: German Jewelry Industry by Value (2004-2007)
Figure: Global Apparel, accessories and luxury goods Market Forecast by Value (2009-2014E)
Figure: Luxury Market by Product Group in 2007 and 2012
Figure: Major Luxury Companies Revenues in 2007
Figure: US Luxury Watch Comparable Stores Sales Growth
Figure: US Luxury Watches Sales Mix by Category in Oct 2008
Figure: Number of Jewelry Firms in US (1987-2009)
Figure: US Specialty Jewelry Retail Chains Market Share in 2009
Figure: China Luxury Goods Market by Value (2004 & 2015E)
Figure: China Luxury Goods Market Share (2004 & 2015E)
Figure: China Luxury Watch ad Spend (US$ Millions) (2005-2009)
Figure: Urban Income and Consumption by Volume and Value (2005, 2010F & 2015F)
Figure: Luxury Import Accessories Retail Market (2000-2007)
Figure: Most Preferred Brands in Japan in 2008
Figure: YoY % Growth in Swiss Watch Export Value
Figure: Retail Network Growth of the LVMH
Figure: Luxury Goods World Market (2002-2006)
Figure: Hermes Revenue (2005-2009)
Figure: BVLGARI Revenues (2000-2009)
Figure: Bulgari Group Revenues by Business Segments in 2009
Figure: Global Apparel, accessories and luxury goods Market by Value (2005-2009)
Figure: Global Apparel, accessories and Luxury goods Market by Segments in 2009
Figure: Global Apparel, accessories and Luxury goods Market by Geography in 2009
Figure: Swiss Watch Products Exports by Value in 2007
Figure: Swiss Wristwatch Exports by Unit in 2007
Figure: German Watch Industry by Value (2005-2007)
Figure: German Jewelry Industry by Value (2004-2007)
Figure: Global Apparel, accessories and luxury goods Market Forecast by Value (2009-2014E)
Figure: Luxury Market by Product Group in 2007 and 2012
Figure: Major Luxury Companies Revenues in 2007
Figure: US Luxury Watch Comparable Stores Sales Growth
Figure: US Luxury Watches Sales Mix by Category in Oct 2008
Figure: Number of Jewelry Firms in US (1987-2009)
Figure: US Specialty Jewelry Retail Chains Market Share in 2009
Figure: China Luxury Goods Market by Value (2004 & 2015E)
Figure: China Luxury Goods Market Share (2004 & 2015E)
Figure: China Luxury Watch ad Spend (US$ Millions) (2005-2009)
Figure: Urban Income and Consumption by Volume and Value (2005, 2010F & 2015F)
Figure: Luxury Import Accessories Retail Market (2000-2007)
Figure: Most Preferred Brands in Japan in 2008
Figure: YoY % Growth in Swiss Watch Export Value
Figure: Retail Network Growth of the LVMH
Figure: Luxury Goods World Market (2002-2006)
Figure: Hermes Revenue (2005-2009)
Figure: BVLGARI Revenues (2000-2009)
Figure: Bulgari Group Revenues by Business Segments in 2009
LIST OF TABLES
Table: Luxury Sales Growth by Nationality (Constant FX) (2007-2012E)
Table: Luxury Sales Mix by Nationality
Table: U.S. Jewelry Market (2003-2009)
Table: Top 10 US Jewelry Chains (by 2006 ranking)
Table: Top US Specialty Jewelry Market Share (2004-2009)
Table: Preferred Luxury Brands in China in 2008
Table: Luxury Import Accessories Retail Market Size by Product Category (2000-2007)
Table: Sales of wrist watches categorised by material
Table: LVMH Revenues by Business Group (2007-2009)
Table: Louis is the leading Luxury Brand in the World
Table: Swatch Group Revenues (2008&2009)
Table: Swatch Group Watches and Jewelry Performance (2008&2009)
Table: Information by Sectors (2009 & 2010 First Half)
Table: Luxury Sales Growth by Nationality (Constant FX) (2007-2012E)
Table: Luxury Sales Mix by Nationality
Table: U.S. Jewelry Market (2003-2009)
Table: Top 10 US Jewelry Chains (by 2006 ranking)
Table: Top US Specialty Jewelry Market Share (2004-2009)
Table: Preferred Luxury Brands in China in 2008
Table: Luxury Import Accessories Retail Market Size by Product Category (2000-2007)
Table: Sales of wrist watches categorised by material
Table: LVMH Revenues by Business Group (2007-2009)
Table: Louis is the leading Luxury Brand in the World
Table: Swatch Group Revenues (2008&2009)
Table: Swatch Group Watches and Jewelry Performance (2008&2009)
Table: Information by Sectors (2009 & 2010 First Half)
