Consumers Luxury Goods Market Report 2022: Luxury Spending Has Shifted From Experiences to Experience-based Goods – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Where Consumers Shop for Luxury Goods” report has been added to ResearchAndMarkets.com’s offering.
The luxury goods market showed signs of recovery in 2021, after being negatively impacted in 2020 by the COVID-19 pandemic. Luxury spending shifted from experiences to experience-based goods.
Luxury products were first to recover to their 2019 levels as opposed to luxury experiences, which remained below pre-pandemic levels. E-commerce was the key channel for 2021’s recovery and is expected to become a dominant sales factor over the forecast period, as well.
The global briefing offers an insight into the size and shape of the luxury goods industry, highlights buzz topics, emerging trends as well as pressing industry issues, their effects on luxury goods retailing in markets around the world and on the development of consumers’ shopping patterns. Forecasts illustrate how the market is set to change and criteria for success. In short, it identifies the opportunity zones within luxury goods industry
Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Key benefits:
- Get a detailed picture of the Luxury Goods market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market’s major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
Key Topics Covered:
- Industry Snapshot
- Channel Shifts
- Store-Based Channels
- Non-Store Channels
- Future Developments
For more information about this report visit https://www.researchandmarkets.com/r/7s2wpn
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