DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rjwkx5/global_personal) has announced the addition of the "Global Personal Luxury Goods Market 2012-2016" report to their offering.

The analysts forecast the Global Personal Luxury Goods market to grow at a CAGR of 7.9 percent over the period 2012-2016.

Commenting on the report, an analyst from the team said: The Accessories segment accounted for 27.2 percent of the Global Personal Luxury Goods market in 2012 and is expected to reach 29.3 percent by 2016. The outstanding growth in the Accessories segment is due to the increasing demand for accessories from customers in emerging markets such as China, Brazil, and India. The Hard Luxury segment recorded a market share of 22.7 percent in 2012 and is expected reach 24.7 percent by 2016.

The growth in the Hard Luxury segment will be driven by the increasing sales of watches and a rise in the number of jewelry brands during the forecast period, with more demand coming from emerging markets. Therefore, the growth in the Accessories and Hard Luxury segments is one of the key trends that will propel the growth of the Global Personal Luxury Goods market during the forecast period.

According to the report, one of the main drivers propelling the growth of this market is the growing Global Online Personal Luxury Goods market. The emergence of an off-price pricing strategy in the Global Online Personal Luxury Goods market is making personal luxury goods accessible to a greater number of individuals since they can compare the prices of different products and make purchases. Further, men are increasing their contribution to this market by making more online purchases.

Further, the report states that one such challenge in this market is the aging baby boomers, who are characterized as wealthy, physically fit, and active individuals and constitute the main target audience for vendors' marketing and promotional programs. However, they are aging and are approximately more than 55 years of age now. Hence, vendors are facing a challenge of developing new marketing strategies and discovering a new target segment for their products.

Key Topics Covered:

Executive Summary

List of Abbreviations

Introduction

Market Research Methodology

Scope of the Report

Market Landscape

Global Personal Luxury Goods Market by Product Segmentation

Global Personal Luxury Goods Market by Key Sub-Categories

Global Luxury Apparel Market

Global Luxury Accessories Market

Global Hard Luxury Market

Global Luxury Fragrances and Cosmetics Market

Global Personal Luxury Goods Market Segmentation by Distribution Channel

Global Online Personal Luxury Goods Market by Pricing Strategy

Geographical Segmentation

Key Leading Countries

Vendor Landscape

Buying Criteria

Market Growth Drivers

Drivers and their Impact

Market Challenges

Impact of Drivers and Challenges

Market Trends

Key Vendor Analysis

Other Reports in this Series

List of Exhibits

Companies Mentioned

- Compagnie Financiere Richemont SA

- LVMH Moet Hennessy Louis Vuitton SA

- Luxottica Group S.p.A.

- and Ralph Lauren Corp.

- Burberry Ltd.

- Hermes International SCA

- Kering SA

- Prada S.p.A.

- Salvatore Ferragamo S.p.A.

- Tiffany & Co.

- and Tod's S.p.A.

For more information visit http://www.researchandmarkets.com/research/rjwkx5/global_personal

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