According to the latest research, « The Rise of Luxury Goods in Emerging Cities 2019 » from Wealth Insight, on luxury goods market in 10 emerging cities, the luxury market size of the 10 selected cities is estimated at US$29.41 billion in 2014, and is expected to reach US$62.6 billion in 2019.
This report offers an in-depth market analysis of 10 selected emerging cities as potential markets for luxury brands in Shanghai, Mumbai, Mexico City, Istanbul, Bangkok, Tel Aviv, Jakarta, Kula Lumpur, Ho Chi Minh City and Lagos. The research covers market size and market forecast information of luxury goods in the 10 selected emerging cities under four categories namely high-end fashion (apparel, footwear and handbags), jewelry and watches, spirits and wine and high-end cars.
It details the significance of the selected cities, analyzes demand, and identifies key market players along with an in-depth analysis of trends and challenges facing the cities studied and shares strategies adopted by luxury brands to convey a consistent prestige brand experience, while adapting to local demand.
Istanbul, Mumbai and Mexico City are the top three emerging cities to target for luxury brands. Lagos is small luxury goods market, but strong growth is expected over the forecast period. Counterfeit products continue to be one of the most pressing challenges facing luxury goods in Shanghai, Ho Chi Minh City, Jakarta, Mumbai and Bangkok.
Companies Mentioned in Insight Report: The Rise of Luxury Goods in Emerging Cities 2019 include Hermes, Chanel, Louis Vuitton, Christian Dior, Prada, Gucci, Burberry, Ralph Lauren, Hugo Boss, Salvatore Ferragamo, Fendi, Marc Jacob, Saint Laurent, Tommy Hilfiger, Coach, Rolex, Cartier, Patek Phillipe, Chopard, Bvlgari, Piaget, Tiffany & Co., Graff, Mont Blanc, Omega, TAG Heuer, Jaeger-Le Coultre, Longines, Breguet, Rado, Rolls Royce, Ferrari, Porsche, Lamborghini, Bugatti, Bentley, Aston Martin, Maserati, Lotus, McClaren, Jaguar, Mercedes, BMW, Audi, Land Rover, Luxgrid Consulting, Tesla Motors, Fab India, Manyavar, Mazda, Toyota, Tod's, Christian Louboutin, Ermenegildo Zegna, Chloe, Beymen, Diesel, Google, Alibaba, Visualead, Tory Burch, Bank Negara, Versace, Chopard, Givenchy, Bottega Veneta, Balenciaga, Mason Joint Stock Company, Jimmy Choo, Mulberry, Amazon, Exane BNP Paribas, Luxola, Kering SA and Jean-Francois Lesage.