(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The "Personal Luxury in the US" report has been added to ResearchAndMarkets's offering.
The report encapsulates a stellar 5% leap in personal luxury retail value sales for 2023, soaring to a grand USD 105.2 billion, underpinned by the vigorous growth showcased by eminent brand purveyors such as LVMH Moet Hennessy Louis Vuitton Inc and Capri Holdings Ltd. The year 2023 witnessed a surge in consumer investment towards luxury commodities like designer apparel, footwear, and luxury leather goods, metamorphosing them into an alternative asset class.
A comprehensive walkthrough of the US Personal Luxury market's magnitude and contours is meticulously crafted in this report, serving as a national level compass. The latest retail sales figures are unfurled, illuminating the sectors propelling growth. The report spotlights leading conglomerates, pioneering brands and delivers a strategic dissection of market influencers alongside analyzing the evolving shopping behaviors of consumers. A glimpse into the future is provided with forecasts stretching up to 2027, sketching how the luxury landscape is anticipated to transmute.
The coverage extends across a gamut of luxury products including designer apparel and footwear (ready-to-wear), luxury eyewear, jewelry, leather goods, timepieces, wearable electronics, writing instruments, and stationery, alongside super premium beauty and personal care items.
Data vistas encompass market dimensions (historic and forecasts), corporate shares, brand shares, and distribution metrics, rendering a multi-faceted understanding of the market.
Here's why this report is indispensable:
Acquire a panoramic view of the Personal Luxury market. Pinpoint burgeoning sectors and discern drivers of change. Navigate through the competitive milieu, identifying market behemoths and leading brands. Employ five-year forecasts to gauge market evolution.
Key insights include a detailed narrative on the ascent in retail value sales across various luxury categories in 2023, with a special spotlight on the leadership of LVMH Moet Hennessy Louis Vuitton Inc in the personal luxury domain in 2022.
Looking ahead, the report posits an upward trajectory in value sales across diverse luxury categories, with designer apparel and footwear (ready-to-wear) anticipated to retain its crown as the largest subcategory in value terms by 2028, and luxury wearable electronics earmarked for the swiftest percentage growth over the forecast tenure.
The detailed tables encapsulate sales metrics of Personal Luxury by category, alongside a broader outlook of luxury goods in the US, extending a holistic view of the luxury ecosystem.
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