Hard Luxury Goods Market, By Product Type (Watches and Jewelry), By Gender (Male and Female), By Distribution Channel (Online Stores, Department Stores, Monobrand Stores, and Specialty Stores), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI288519 | Publish Date: December 2023 | No. of Pages: 168

Global Hard Luxury Goods Market Overview

Introduction:

Hard luxury goods are those that are made to last, such as jewellery, furniture, electronics, appliances, tools, and so on. Greater investment is required for hard luxury, which is frequently far more expensive than soft luxury. As a result, sales of hard luxury goods—such as jewellery and watches—have fallen behind those of soft luxury goods. The majority of hard luxury suppliers are sceptical that their affluent customers will be able to purchase hard luxury goods as readily as they do soft luxury, and it appears that just about 5% of hard luxury transactions are already performed online. Global Hard Luxury Goods Market accounted for US$ 112.43 billion in 2020 and is estimated to be US$ 647.45 billion by 2030 and is anticipated to register a CAGR of 10.40%.

Global Hard Luxury Goods Market Dynamics

Due to rising consumer demands for sophisticated products, this market is anticipated to experience considerable expansion throughout the forecast period. The rise of the target market is also being fueled by customers' increasing propensity for purchasing branded goods. Additionally, the retail sector has made significant investments in product promotion, which has expanded the target market. Furthermore, during the course of the forecast period, rising advertising efforts conducted through digital media channels, or digital marketing, are anticipated to propel market expansion.

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Global Hard Luxury Goods Market Segmentation

 

Source: Prophecy Market Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Global Hard Luxury Goods Market is segmented based on product type, gender, distribution channel, and region.

On the basis of product type, the Global Hard Luxury Goods Market is segmented into Infotainment and Multimedia, Engine Components, Tires and wheels, Interior Accessories, and Electrical Product. On the basis of gender, the Global Hard Luxury Goods Market is segmented into Male and Female. On the basis of distribution channel, the Global Hard Luxury Goods Market is segmented into Online Stores, Department Stores, Monobrand Stores, and Specialty Stores.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On basis of region the Global Hard Luxury Goods Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to the existence of major hard luxury goods brands in Germany, France, Switzerland, and Italy, Europe is currently dominating the worldwide market. Additionally, the target market in Europe is being driven by the increasing number of duty-free shops and the incredibly dense retail network. Because of the growing number of newly listed high net worth people, Asia-Pacific is expected to have stable growth in the worldwide market throughout the course of the projected period. Additionally, the increase in consumer disposable income is a driving force behind the target market's expansion in Asia-Pacific

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Attribute

Details

Base year for estimation

2020

Forecast period

2020– 2030

Market representation

Revenue in USD Billion & CAGR from 2020 to 2030

Market Segmentation

By Product Type – Watches and Jewelry.

By Gender – Male and Female.

By Distribution Channel – Online Stores, Department Stores, Monobrand Stores, and Specialty Stores.  

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Hard Luxury Goods report based on test, application, and region.

Global Hard Luxury Goods Market, By Product Type:

  • Watches
  • Jewelry

Global Hard Luxury Goods Market, By Gender:

  • Male
  • Female

Global Hard Luxury Goods Market, By Distribution Channel:

  • Online Stores
  • Department Stores
  • Monobrand Stores
  • Specialty Stores

Global Hard Luxury Goods Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Hard Luxury Goods Market Key Players

The key players operating the Global Hard Luxury Goods Market Includes LVMH Service Ltd., Graff Diamonds Ltd., Giorgio Armani SpA, Cie Financiere Richemont SA, The Swatch Group Ltd, Ralph Lauren Corporation, Bulgari SpA, Chanel S.A., Tiffany & Co. and Harry Wintson, Inc. The global market for hard luxury goods has seen trends like product releases, improvements in the manufacturing process, and strategic collaborations. The rare 18.96-carat beautiful vivid pink diamond, known as "The Winston Pink Legacy," for example, was purchased at Christie's auction house in Geneva and has been described as "almost unheard of" by Harry Winston, Inc.

Global Hard Luxury Goods Market Company Profile

  • LVMH Service Ltd. *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Graff Diamonds Ltd.
  • Giorgio Armani SpA
  • Cie Financiere Richemont SA
  • The Swatch Group Ltd
  • Ralph Lauren Corporation
  • Bulgari SpA
  • Chanel S.A.
  • Tiffany & Co.
  • Harry Wintson, Inc.

 “*” marked represents similar segmentation in other categories in the respective section

Global Hard Luxury Goods Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Gender
    • Market Snippet, By Products
    • Market Snippet, By Distribution Channel
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Hard Luxury Goods Market, By Product Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Watches
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Jewelry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Hard Luxury Goods Market, By Gender, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Male
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Female
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Hard Luxury Goods Market, By Distribution Channel, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Online Stores
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Department Stores
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Monobrand Stores
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Specialty Stores
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Hard Luxury Goods Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Gender, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Products, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Gender, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Products, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Gender, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Products, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Gender, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Products, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Gender, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Products, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • LVMH Service Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Graff Diamonds Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Giorgio Armani SpA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Cie Financiere Richemont SA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • The Swatch Group Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Ralph Lauren Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Bulgari SpA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Chanel S.A.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Tiffany & Co.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Harry Wintson, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Global Hard Luxury Goods Market is segmented into product type, gender, distribution channel, and region.

This market is expected to witness significant growth during the forecast period on account of increasing preferences for sophisticated products among consumers.

By region, Europe is dominating the global market, owing to the presence of key hard luxury goods brands in Germany, France, Switzerland, and Italy.

The Key players operating in the Global Hard Luxury Goods Market include LVMH Service Ltd., Graff Diamonds Ltd., Giorgio Armani SpA, Cie Financiere Richemont SA, The Swatch Group Ltd, Ralph Lauren Corporation, Bulgari SpA, Chanel S.A., Tiffany & Co. and Harry Wintson, Inc.