Market Overview:
The China luxury market is expected to exhibit a CAGR of 5.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Luxury goods and services are non-essential but desirable products that are commonly related to wealth and exclusivity. They are generally of good quality, expensive, and intended to appeal to people in a high social class. These goods and services offer great value and attract a larger section of society. They consist of luxury automobiles, hospitality services, and food and beverages from high-end dining that provide comfort and elegance to the customers. Luxury products assist in raising self-esteem, confidence, and social standing and offering comfort and elegance. These goods and services largely depend on marketing and promotions in order to communicate brand values.
China Luxury Market Trends:
The China luxury market is primarily being driven by the inflating disposable income levels of the masses. Consumers are willing to spend on lavish items, such as designer clothes, shoes, cars, and the latest automobiles. In line with this, the increasing inclination of the younger population towards expensive perfumes and cosmetics to boost confidence and enhance appearance is favoring the market growth. Apart from this, the introduction of sustainable products manufactured from environmentally friendly raw materials, such as plant-based leather derived from pineapples which are further used for producing jackets, handbags, and footwear, are providing an impetus to the market growth. Additionally, the rising penetration of e-commerce facilities and the growing popularity of social media platforms across the country is positively impacting the market growth. Other factors, including growing awareness among consumers about leading luxury brands, the launch of technology-embedded products, the establishment of upscale malls, rapid urbanization, and the increasing investments by numerous luxury brands to expand their presence in the country are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the China luxury market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on category, gender and distribution channel.
Breakup by Category:
- Travel and Hotel
- Cars
- Personal Luxury Goods
- Food and Drinks
- Others
Breakup by Gender:
Breakup by Distribution Channel:
- Mono-Brand Stores
- Multi-Brand Stores
- Online Stores
- Others
Breakup by Region:
- Guangdong
- Jiangsu
- Zhejiang
- Henan
- Sichuan
- Shanghai
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Category, Gender, Distribution Channel, Region |
| Region Covered |
Guangdong, Jiangsu, Zhejiang, Henan, Sichuan, Shanghai |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the China luxury market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the China luxury market?
- What are the key regional markets?
- What is the breakup of the market based on the category?
- What is the breakup of the market based on the gender?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the China luxury market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 China Luxury Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Category
6.1 Travel and Hotel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cars
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Personal Luxury Goods
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Food and Drinks
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Gender
7.1 Male
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Female
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Mono-Brand Stores
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Multi-Brand Stores
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Online Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 Guangdong
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Jiangsu
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Zhejiang
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Henan
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Sichuan
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Shanghai
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
List of Figures
Figure 1: China: Luxury Market: Major Drivers and Challenges
Figure 2: China: Luxury Market: Sales Value (in Billion US$), 2016-2021
Figure 3: China: Luxury Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: China: Luxury Market: Breakup by Category (in %), 2021
Figure 5: China: Luxury Market: Breakup by Gender (in %), 2021
Figure 6: China: Luxury Market: Breakup by Distribution Channel (in %), 2021
Figure 7: China: Luxury Market: Breakup by Region (in %), 2021
Figure 8: China: Luxury (Travel and Hotel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: China: Luxury (Travel and Hotel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: China: Luxury (Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: China: Luxury (Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: China: Luxury (Personal Luxury Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: China: Luxury (Personal Luxury Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: China: Luxury (Food and Drinks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: China: Luxury (Food and Drinks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: China: Luxury (Other Categories) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: China: Luxury (Other Categories) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: China: Luxury (Male) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: China: Luxury (Male) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: China: Luxury (Female) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: China: Luxury (Female) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: China: Luxury (Mono-Brand Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: China: Luxury (Mono-Brand Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: China: Luxury (Multi-Brand Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: China: Luxury (Multi-Brand Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: China: Luxury (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: China: Luxury (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: China: Luxury (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: China: Luxury (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Guangdong: Luxury Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Guangdong: Luxury Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Jiangsu: Luxury Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Jiangsu: Luxury Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Zhejiang: Luxury Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Zhejiang: Luxury Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Henan: Luxury Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Henan: Luxury Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Sichuan: Luxury Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Sichuan: Luxury Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Shanghai: Luxury Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Shanghai: Luxury Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Others: Luxury Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Others: Luxury Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Luxury Industry: SWOT Analysis
Figure 45: China: Luxury Industry: Value Chain Analysis
Figure 46: China: Luxury Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: China: Luxury Market: Key Industry Highlights, 2021 and 2027
Table 2: China: Luxury Market Forecast: Breakup by Category (in Million US$), 2022-2027
Table 3: China: Luxury Market Forecast: Breakup by Gender (in Million US$), 2022-2027
Table 4: China: Luxury Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: China: Luxury Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: China: Luxury Market: Competitive Structure
Table 7: China: Luxury Market: Key Players