China Luxury Goods Market Share

Market Share of China Luxury Goods Industry

The China luxury goods industry is fragmented with the presence of many international and local players. Major players in the market include LVMH Moët Hennessy Louis Vuitton, Chanel SA, Cartier SA., Rolex SA, and Kering SA. Key players in the market are diversifying their products and expanding their distribution circles to reach prospective consumers. Further, these companies are experimenting through online channels to acquire a competitive edge in the market. For instance, in December 2020, Gucci announced the opening of two new flagship stores on Alibaba's online platform.

China Luxury Goods Market Leaders

1. Prada SPA

2. Chanel SA

3. LVMH Moët Hennessy Louis Vuitton

4. Kering SA

5. Rolex SA

*Disclaimer: Major Players sorted in no particular order