DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ltp8hq/global_personal) has announced the addition of the "Global Personal Luxury Goods Market 2012-2016" report to their offering.
The analysts forecast the Global Personal Luxury Goods market to grow at a CAGR of 7.9 percent over the period 2012-2016. The growth of the Online Personal Luxury Goods market is one of the key factors contributing to the growth of the Global Personal Luxury Goods market. The Global Personal Luxury Goods market has also been witnessing the growth of the Accessories and Hard Luxury segment. However, the aging baby boomers customer segment could pose a challenge to the growth of this market.
The key vendors dominating this space include Compagnie Financiere Richemont SA, LVMH Moet Hennessy, Louis Vuitton SA, Luxottica Group S.p.A., and Ralph Lauren Corp.
The other vendors mentioned in this report are Burberry Ltd., Hermes International SCA, Kering SA, Prada S.p.A., Salvatore Ferragamo S.p.A., Tiffany & Co., and Tod's S.p.A.
Commenting on the report, an analyst from the team said: The Accessories segment accounted for 27.2 percent of the Global Personal Luxury Goods market in 2012 and is expected to reach 29.3 percent by 2016. The outstanding growth in the Accessories segment is due to the increasing demand for accessories from customers in emerging markets such as China, Brazil, and India. The Hard Luxury segment recorded a market share of 22.7 percent in 2012 and is expected reach 24.7 percent by 2016. The growth in the Hard Luxury segment will be driven by the increasing sales of watches and a rise in the number of jewelry brands during the forecast period, with more demand coming from emerging markets. Therefore, the growth in the Accessories and Hard Luxury segments is one of the key trends that will propel the growth of the Global Personal Luxury Goods market during the forecast period.
For more information visit http://www.researchandmarkets.com/research/ltp8hq/global_personal
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