Luxury Goods Retailing in Asia-Pacific, 2014-2019; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape

Luxury Goods Retailing in Asia-Pacific, 2014-2019; Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape

Category : Retail
Published On : August  2015
Pages : 82



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Summary
In the historic period, luxury goods retail sales in the Asia-Pacific region grew significantly, driven by growing sales in emerging luxury markets. However, the economic slowdown in China reduced Chinese spending on luxury goods, resulting in a decline in sales in China in 2014, and the slow growth of luxury retail sales across the region. Strategizing is necessary to sustain in challenging environment. Luxury retailers are slashing prices to attract shoppers while government is exempting taxes and relaxing visa to increase tourists spending.

Key Findings
- Luxury goods retail sales in Asia-Pacific will reach US$134.9 billion by 2019, growing at a CAGR of 7.0% during 2014-2019.

- Japan will remain the largest market for luxury goods, amid slowdown in China 

- India's luxury goods market is the fastest growing in Asia-Pacific, driven by rising disposable income, growing fascination towards luxury brands, and the desire of high earners to differentiate themselves from others

- Jewelry, watches, and accessories is the largest and fastest growing category in the region, driven by higher spending on jewelry and watches by Chinese, Japanese, and Korean consumers.

- The Hong Kong luxury market is struggling due to political unrest and reduced Chinese spending

- Although India is growing the fastest, international luxury retailers face challenges

- Luxury tax exemption will boost luxury goods consumption in Indonesia

- Social messaging apps is a trending marketing channel for luxury brands, as the digital channel is influencing the purchasing decisions and pattern of consumers

Synopsis
The “Luxury Goods Retailing in Asia-Pacific, 2014-2019” report published by Conlumino provides a comprehensive view of the Luxury Goods retail landscape in Asia-Pacific. It includes:

- Current market sizes and forecasts to 2019 by country and category; Covers 12 countries in Asia-Pacific - Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand and 12 categories - Clothing, Jewelry, watches and accessories, Drinks, Personal care, Home furniture and Homewares, Luggage and leather goods, Footwear, Communications equipment, Tobacco, Stationery, Consumer electronics and Others

- Highlights the region's fastest growing markets for the categories; also provides market data by categories and penetration of luxury retail sales in total retail sales.

- Details market size forecasts for each country in Asia-Pacific, and features major luxury brands, mergers and acquisitions and luxury retail trends

Reasons To Buy
- Get accurate and reliable luxury retail sales data of 12 countries in Asia-Pacific region for 2014 and forecast for 2019 to identify the largest and fastest-growing market and to discover profitable markets for expansion/entry

- Explore an in-depth analysis of luxury retail sales data by categories to spot and target key categories in each country, to analyze current and future growth prospects and develop strategies for category/country you are interested in 

- Learn from luxury market retail trends and define your strategies based on the need of luxury retail landscape in the region

- Make country level comparisons to effectively target new revenue streams and align your marketing strategies with the crucial trends influencing luxury spending

- Understand competitive positioning based on the information on market shares, store count and latest developments for key luxury retailers in the region

- Track brand expansion and growth strategy of Compagnie Financiere Richemont SA through a detailed case study

- Gain information on all major mergers and acquisitions of luxury brands to understand the luxury market space and acquisition strategies of competitors

Table Of Contents
Executive Summary
Highlighting the key findings in the report and the region
Asia-Pacific region analysis
Retail sales of luxury goods in Asia-Pacific 2009, 2014, 2019
Top 10 luxury goods retail markets by country, 2014 and 2019
Top 10 fastest growing luxury goods retail markets, CAGR 2014-2019
Largest categories - total luxury retail sales, 2014 and 2019 (US$ bn)
Fastest growing markets in Asia-Pacific, CAGR 2014-2019
Luxury goods share of retail sales by country, 2014 and 2019
Luxury retail sales by category in each country, 2014 and 2019
Fastest growing categories, CAGR 2014-2019
Top five fastest growing countries in each category
Top three largest and fastest growing categories per country
Luxury goods share of retail sales by category in each country, 2014 and 2019
Other key info
Market shares of major luxury goods retailers in Asia-Pacific region
Description of each of the major players and their key financials
Case Study - Compagnie Financiere Richemont SA
Snippets of key luxury trends
Luxury retailers are facing challenges due to rising consumption tax in Japan
Luxury brands in China slashing prices to boost domestic consumption
Digital channel is influencing purchasing decision and pattern
Hong Kong luxury market is struggling due to political unrest and reduced Chinese spending
Luxury retailers expanding to catch-up rising spending of wealthier population in Australia
Although India is growing the fastest, international luxury retailers have to face challenges
List Of Tables
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List Of Figures
Figure: 1 Retail sales of luxury goods in Asia-Pacific 2009, 2014, 2019 (US$ bn)
Figure: 2 Top 10 luxury goods retail markets by country, 2014 (Market shares %)
Figure: 3 Top 10 luxury goods retail markets by country, 2019 (Market shares %)
Figure: 4 Top 10 luxury goods retail markets by country, 2014 (US$ bn)
Figure: 5 Top 10 luxury goods retail markets by country, 2019 (US$ bn)
Figure: 6 Top 10 fastest growing luxury goods retail markets, CAGR 2014-2019
Figure: 7 Top 10 luxury goods retail markets by increase in value, 2014-2019 (US$ bn)
Figure: 8 Top five largest categories - total luxury retail sales, 2014 (US$ bn)
Figure: 9 Top five largest categories - total luxury retail sales, 2019 (US$ bn)
Figure: 10 Luxury goods retail sales in the region (US$ bn), 2014 and 2019
Figure: 11-12 Fastest growing markets in Asia-Pacific, CAGR 2014-2019
Figure: 13 Luxury goods share of retail sales by country, 2014
Figure: 14 Luxury goods share of retail sales by country 2019
Figure: 15 Largest categories - total luxury retail sales, 2014 (US$ bn)
Figure: 16 Largest categories - total luxury retail sales, 2019 (US$ bn)
Figure: 17-40 Top five largest countries by luxury retail sales in each category, 2014 and 2019
Figure: 41 Fastest growing categories, 2014-2019 (CAGR, 2014-2019)
Figure: 42-53 Top five fastest growing countries in each category
Figure: 54-55 Top three largest and fastest growing categories per country
Figure: 56 Luxury goods share of retail sales by categories, 2014
Figure: 57 Luxury goods share of retail sales by categories, 2019
Figure: 58-79 Luxury goods share of retail sales by category in each country, 2014 and 2019
Figure: 80 Market shares of major luxury goods retailers in Asia-Pacific, 2014
Enquiry Before Buy
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