Hard Luxury Goods Market Overviews

Maximize Market Research is an Hard Luxury Goods# research firm that has published a detailed analysis of the “Hard Luxury Goods Market”. MMR in-depth market assessments in research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, focuses on the analysis of high-tech systems and advanced production systems. The Hard Luxury Goods market report includes key business insights, demand analysis, pricing analysis, and competitive landscape.

Hard Luxury Goods Market Scope and Methodology: 

The hard luxury goods market was estimated to be worth USD 130.04 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 10.4% to reach USD 259.93 billion by 2030. (2024–2030)
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Hard Luxury Goods Market Regional Insights

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa make up the majority of the Hard Luxury Goods market segments. The study includes a detailed analysis of the market size, growth rate, import and export by region, and other factors. The Hard Luxury Goods market status of the various countries featured in the research is provided by the Regional Analysis.

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Hard Luxury Goods Market Segmentation

by Products Type

Watches
Jewelry
Others

The jewelry and watch segments of the market are divided. Timepieces are the biggest revenue generators due to the rising demand for sophisticated, high-end watches. With sales expected to grow at a CAGR of 10.08 percent over the course of the forecast period, watches are predicted to be the most valued product in the worldwide hard luxury goods market. However, throughout the course of the projected period, demand for jewelry goods is anticipated to expand steadily due to the growing need for various forms of jewelry.
by Gender

Female
Male

There are categories for men and women on the market. When it comes to buying hard luxury goods, women are thought to be a more lucrative market than men. Due to an increasing predilection for accessories including watches, necklaces, rings, earrings, and bracelets, women would make up the majority of the market. New trends in male grooming would encourage the growth of the male market, as men would become more interested in branded, expensive watches. Because of this, a number of companies are concentrated on offering products that may satisfy the various needs of both end consumers.
by Distribution Channel

Online Stores
Department Stores
Mono brand Stores
Specialty Stores

The market is divided into department stores, specialty shops, monobrand stores, and internet retailers. More hard luxury products are sold at monobrand and specialty stores than in the other two categories, and this tendency is anticipated to persist in the upcoming years. In monobrand and specialized stores, customers may see and handle the products firsthand, enabling them to compare their qualities face-to-face. Businesses are trying to increase their presence in department stores and retail spaces in an effort to expand their market reach. For instance, Burberry announced in February 2020 that it will purchase the Parisian department store chain Printemps, which offers a variety of luxury goods in addition to clothing and cosmetics.

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Hard Luxury Goods Market Key Players

1. Gucci
2. Signet
3. Tissot
4. Bottega Veneta
5. Chanel
6. Giorgio Armani
7. Hermes International
8. Harry Winston
9. Louis Vuitton
10.Beaumont & Charlesworth
11.Graff Diamonds Ltd.
12.Swatch Group
13.Richemont
14.Bulgari
15.Chanel S.A.
16.Ralph Lauren Corp.
17.Tiffany and Co.
18.Rolex
19.Cartier
20.Chopard
21.Pandora Jewellers
22.Chow Tai Fook
23.Rado
24.Titan
25.Rajesh Exports
26.China National Gold Group Gold Jewellery

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Key questions answered in the Hard Luxury Goods Market are:

• What is Hard Luxury Goods?
• What was the Hard Luxury Goods market size in 2023?
• What is the growth rate of the Hard Luxury Goods Market?
• Which are the factors expected to drive the Hard Luxury Goods market growth?
• What are the different segments of the Hard Luxury Goods Market?
• What growth strategies are the players considering to increase their presence in Hard Luxury Goods?
• What are the upcoming industry applications and trends for the Hard Luxury Goods Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Hard Luxury Goods Market?
• Who are the leading companies and what are their portfolios in Hard Luxury Goods Market?
• What segments are covered in the Hard Luxury Goods Market?
• Who are the key players in the Hard Luxury Goods market?

 Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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