MRO Magazine

Luxury Market Size of 10 Emerging Cities Worth $62.6 Billion in 2019, Driven by Istanbul, Mumbai and Mexico City


October 8, 2015
By PRN NewsWire

PUNE, India, October 8, 2015 /PRNewswire/ —

Insight Report: The Rise of Luxury Goods in Emerging Cities 2019 is a 2015 market research that provides details regarding the attitudes of suppliers and wealthy consumers towards luxury brands in emerging cities, market size and more.

Complete report on luxury goods market in emerging cities spread across 64 pages, analyzing 10 selected emerging cities and supported with 21 tables and 3 figures is now available at http://marketreportsstore.com/insight-report-the-rise-of-luxury-goods-in-emerging-cities-2019 .

This report provides a city-focused approach and looks at the market growth potential of 10 emerging cities for luxury brand expansion, as driven by the strong growth of HNWIs and UHNWIs living in cities, urbanization, the emerging middle class, and promising economic outlook. It 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.

According to this latest research 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. 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 [http://marketreportsstore.com/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. Order a copy of this research at  http://marketreportsstore.com/purchase?rname=37873 .

The tables provided in this luxury market research for emerging cities cover information on

HNWI Wealth Band and Group Definitions

Key Drivers of the Luxury Goods Market in Emerging Cities

HNWI Populations in Emerging Cities, 2010-2019

UHNWI Populations in Emerging Cities, 2007-2024

Overnight Visitors to Key Emerging Cities, and Expenditure, 2013-2014

Market Size of the Luxury Industry in Shanghai (US$ Million), 2010-2019

Market Size of the Luxury Industry in Mumbai (US$ Million), 2010-2019

Market Size of the Luxury Industry in Mexico City (US$ Million), 2010-2019

Market Size of the Luxury Industry in Istanbul (US$ Million), 2010-2019

Market Size of the Luxury Industry in Bangkok (US$ Million), 2010-2019

Market Size of the Luxury Industry in Tel Aviv (US$ Million), 2011-2020

Market Size of the Luxury Industry in Jakarta (US$ Million), 2011-2020

Market Size of the Luxury Industry in Kuala Lumpur (US$ Million), 2010-2019

Market Size of the Luxury Industry in Ho Chi Minh City (US$ Million), 2011-2020

Market Size of Luxury Industry in Lagos in US$ Millions, 2011-2020

Key Expansion Strategies of Luxury Brands in Emerging Markets

Key Client Strategies of Luxury Brands in Emerging Markets

Key Marketing Strategies of Luxury Brands in Emerging Markets

High-End Fashion Flagship Stores in Key Emerging Cities, 2015

Luxury Watch and Jewelry Flagship Stores in Key Emerging Cities, 2015

Luxury Car Dealers in Key Emerging Cities, 2015

Comprehensive table of contents and more on Insight Report: The Rise of Luxury Goods in Emerging Cities 2019 market research is available at http://marketreportsstore.com/toc/?rname=37873 .

Explore other newly published research reports available with MarketReportsStore.com at http://marketreportsstore.com .

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