Empowered by social networks and digital devices, luxury goods
consumers are dictating increasingly when, where and how they engage with luxury brands," he said.
Italy is once again the leading luxury goods
country in terms of number of companies - With 29 companies in the Top 100 it has more than double the number based in the US, which has the second-largest number.
The number of all- round high performers doubled, with 15 companies achieving double- digit growth in luxury goods
sales and a doubledigit net profit margin in 2014, compared to the previous year's report.
Browse the full Global Luxury Goods
Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020 report at http://www.
The key international market players for hard luxury goods
operating in ASEAN region includes Gianni Versace S.
Hypothesis 1: Face consciousness will have a positive influence on consumers' intention to purchase nondeceptive counterfeit luxury goods
Despite operating in a troubled economic environment, luxury goods
companies fared better than consumer product companies and global economies generally.
But a big part of the story is a tightening of spending on luxury goods
using government funds.
We believe that credit quality in the luxury goods
industry will continue to outperform the broader consumer goods sector in the coming years.
The positive outlook for 2010 is a sharp reversal from the year-over-year 8% decline in revenues that the global luxury goods
industry experienced in 2009.
The Middle Eastern market is projected to grow at 2 percent while China's luxury goods
sector is set to expand at 7 percent.
That brings around a quarter of the US into the market for luxury goods
, with sales set to grow in coming years.