India is the most growing luxury goods market in the world. Luxury goods market achieved a growth of 74% from 2010 to 2014 and expected to grow at 122% till 2020. India is home of almost all the luxury brands in the world. Increasing retail presence of luxury players across the country and high numbers of luxury brands entering the country resulted in strengthening of luxury goods market over the review period.
A series of luxury players have launched a segment of products in the market. From Tie-hooks to Modified Cars, all are available in India. Affordable luxury products have created an aroma in this market which has given strength for future growth. Watches, Handbags, Footwear and accessories are the most attracted by customers because of affordable prices. Luxury goods market in India reached US$ 14 billion in 2014.
The purchasing power of India is more than its peers like Brazil, India, china where the luxury brands have been experiencing tremendous growth rates. The government is not in favor of Indians buying foreign brands, that fact will not all deter the population who attach social status with the possession of the luxury brands.
Currently, Indians still spend around $14 billion on imported goods for which they pay extra price in form of duties etc. But this figure will go up exponentially as the taxes are reduced and the luxury brands would do well to enter the market as soon as they are lifted to gain first mover advantage and gain market share in a hugely lucrative market. The Luxury Goods Market in India is expected to grow at a CAGR of XX.XX% till 2020.
Most of the Indians buy luxury goods through shops or hypermarkets/supermarkets. Online retailing still has a minor share of luxury goods sales and mostly because of smartphone and electronic equipment sale through e-commerce websites.
What the report offers
The study identifies the situation of India and predicts the growth of its Luxury Market. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Luxury Sector of India. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by Watches, Cars, Apparel, Accessories, Handbags and Others.
1. Research Methodology
2. Executive Summary
3. Key Findings of The Study
4. Market Overview
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness – Porter’s 5 Force Analysis
4.4 PESTEL Analysis
4.5 Industry Policies
5. Market Dynamics
5.2.1 Growing HNI families
5.2.2 Huge pent up demand for luxury goods
5.2.3 Highest growth in the world in Luxury Goods Market
5.3.1 Unfavourable Political stance on foreign brands
5.3.2 High Excise Duty
5.4.1 Manufacturing facility In India
6. India Luxury Goods Market
6.2 Segmentation By Type
7. Investment Analysis
7.1 Recent Mergers And Acquisitions
7.2 Investment Outlook
8. Future of India Luxury Goods Market
9. Competitive Intelligence – Company Profiles
9.2 Aston Martin
9.9 Dolce and Gabbana
9.13 Louis Vitton
9.15 Michael Kors
10. List of figures
11.List of Tables