Global Luxury Products Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 219
- CATEGORY
- Retails & Consumer
The Luxury Products market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Luxury Products market. On the basis of historic growth analysis and current scenario of Luxury Products market place, the report intends to offer actionable insights and outlook on global / regional market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tool that facilitate deeper understanding of multiple aspects of global Luxury Products market. These further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Luxury Products market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Luxury Products market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Global Luxury Products Market: Major Players
Ralph Lauren Corporation
Luxottica Group S.p.A
Chow Tai Fook Jewellery Group Limited
Michael Kors Holdings Limited
Puig, S.L.
Swarovski Crystal Business
Tiffany & Co.
LVMH Group
The Estee Lauder Companies Inc.
PVH Corp.
The Shiseido Company, Ltd.
Prada S.p.A.
LOral International
Kering SA
Christian Dior Couture SA
Giorgio Armani S.p.A
Burberry Group plc
Swatch Group
Roles SA
Fossil Group, Inc.
L'Occitane International SA
Compagnie Financire Richemont SA
Herms International SCA
Global Luxury Products Market: By Types
Designer Apparels & Footwear
Jewelry
Accessories
Cosmetics
Fine Wines/Champagne and Spirits
Travel Goods
Others
Global Luxury Products Market: By Applications
Male
Female
Global Luxury Products Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Luxury Products market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Luxury Products Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023This report examines all the key factors influencing growth of global Luxury Products market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Luxury Products market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Global Luxury Products Market: Major Players
Ralph Lauren Corporation
Luxottica Group S.p.A
Chow Tai Fook Jewellery Group Limited
Michael Kors Holdings Limited
Puig, S.L.
Swarovski Crystal Business
Tiffany & Co.
LVMH Group
The Estee Lauder Companies Inc.
PVH Corp.
The Shiseido Company, Ltd.
Prada S.p.A.
LOral International
Kering SA
Christian Dior Couture SA
Giorgio Armani S.p.A
Burberry Group plc
Swatch Group
Roles SA
Fossil Group, Inc.
L'Occitane International SA
Compagnie Financire Richemont SA
Herms International SCA
Global Luxury Products Market: By Types
Designer Apparels & Footwear
Jewelry
Accessories
Cosmetics
Fine Wines/Champagne and Spirits
Travel Goods
Others
Global Luxury Products Market: By Applications
Male
Female
Global Luxury Products Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Luxury Products market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Luxury Products Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Luxury Products Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Luxury Products
1.3 Luxury Products Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Luxury Products
1.4.2 Applications of Luxury Products
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Ralph Lauren Corporation Market Performance Analysis
3.1.1 Ralph Lauren Corporation Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Ralph Lauren Corporation Sales, Value, Price, Gross Margin 2016-2021
3.2 Luxottica Group S.p.A Market Performance Analysis
3.2.1 Luxottica Group S.p.A Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Luxottica Group S.p.A Sales, Value, Price, Gross Margin 2016-2021
3.3 Chow Tai Fook Jewellery Group Limited Market Performance Analysis
3.3.1 Chow Tai Fook Jewellery Group Limited Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Chow Tai Fook Jewellery Group Limited Sales, Value, Price, Gross Margin 2016-2021
3.4 Michael Kors Holdings Limited Market Performance Analysis
3.4.1 Michael Kors Holdings Limited Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Michael Kors Holdings Limited Sales, Value, Price, Gross Margin 2016-2021
3.5 Puig, S.L. Market Performance Analysis
3.5.1 Puig, S.L. Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Puig, S.L. Sales, Value, Price, Gross Margin 2016-2021
3.6 Swarovski Crystal Business Market Performance Analysis
3.6.1 Swarovski Crystal Business Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Swarovski Crystal Business Sales, Value, Price, Gross Margin 2016-2021
3.7 Tiffany & Co. Market Performance Analysis
3.7.1 Tiffany & Co. Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Tiffany & Co. Sales, Value, Price, Gross Margin 2016-2021
3.8 LVMH Group Market Performance Analysis
3.8.1 LVMH Group Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 LVMH Group Sales, Value, Price, Gross Margin 2016-2021
3.9 The Estee Lauder Companies Inc. Market Performance Analysis
3.9.1 The Estee Lauder Companies Inc. Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 The Estee Lauder Companies Inc. Sales, Value, Price, Gross Margin 2016-2021
3.10 PVH Corp. Market Performance Analysis
3.10.1 PVH Corp. Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 PVH Corp. Sales, Value, Price, Gross Margin 2016-2021
3.11 The Shiseido Company, Ltd. Market Performance Analysis
3.11.1 The Shiseido Company, Ltd. Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 The Shiseido Company, Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.12 Prada S.p.A. Market Performance Analysis
3.12.1 Prada S.p.A. Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Prada S.p.A. Sales, Value, Price, Gross Margin 2016-2021
3.13 LOral International Market Performance Analysis
3.13.1 LOral International Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 LOral International Sales, Value, Price, Gross Margin 2016-2021
3.14 Kering SA Market Performance Analysis
3.14.1 Kering SA Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Kering SA Sales, Value, Price, Gross Margin 2016-2021
3.15 Christian Dior Couture SA Market Performance Analysis
3.15.1 Christian Dior Couture SA Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Christian Dior Couture SA Sales, Value, Price, Gross Margin 2016-2021
3.16 Giorgio Armani S.p.A Market Performance Analysis
3.16.1 Giorgio Armani S.p.A Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Giorgio Armani S.p.A Sales, Value, Price, Gross Margin 2016-2021
3.17 Burberry Group plc Market Performance Analysis
3.17.1 Burberry Group plc Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Burberry Group plc Sales, Value, Price, Gross Margin 2016-2021
3.18 Swatch Group Market Performance Analysis
3.18.1 Swatch Group Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Swatch Group Sales, Value, Price, Gross Margin 2016-2021
3.19 Roles SA Market Performance Analysis
3.19.1 Roles SA Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 Roles SA Sales, Value, Price, Gross Margin 2016-2021
3.20 Fossil Group, Inc. Market Performance Analysis
3.20.1 Fossil Group, Inc. Basic Information
3.20.2 Product and Service Analysis
3.20.3 Strategies for Company to Deal with the Impact of COVID-19
3.20.4 Fossil Group, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.21 L'Occitane International SA Market Performance Analysis
3.21.1 L'Occitane International SA Basic Information
3.21.2 Product and Service Analysis
3.21.3 Strategies for Company to Deal with the Impact of COVID-19
3.21.4 L'Occitane International SA Sales, Value, Price, Gross Margin 2016-2021
3.22 Compagnie Financire Richemont SA Market Performance Analysis
3.22.1 Compagnie Financire Richemont SA Basic Information
3.22.2 Product and Service Analysis
3.22.3 Strategies for Company to Deal with the Impact of COVID-19
3.22.4 Compagnie Financire Richemont SA Sales, Value, Price, Gross Margin 2016-2021
3.23 Herms International SCA Market Performance Analysis
3.23.1 Herms International SCA Basic Information
3.23.2 Product and Service Analysis
3.23.3 Strategies for Company to Deal with the Impact of COVID-19
3.23.4 Herms International SCA Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Luxury Products Production and Value by Type
4.1.1 Global Luxury Products Production by Type 2016-2021
4.1.2 Global Luxury Products Market Value by Type 2016-2021
4.2 Global Luxury Products Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Designer Apparels & Footwear Market Production, Value and Growth Rate
4.2.2 Jewelry Market Production, Value and Growth Rate
4.2.3 Accessories Market Production, Value and Growth Rate
4.2.4 Cosmetics Market Production, Value and Growth Rate
4.2.5 Fine Wines/Champagne and Spirits Market Production, Value and Growth Rate
4.2.6 Travel Goods Market Production, Value and Growth Rate
4.2.7 Others Market Production, Value and Growth Rate
4.3 Global Luxury Products Production and Value Forecast by Type
4.3.1 Global Luxury Products Production Forecast by Type 2021-2026
4.3.2 Global Luxury Products Market Value Forecast by Type 2021-2026
4.4 Global Luxury Products Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Designer Apparels & Footwear Market Production, Value and Growth Rate Forecast
4.4.2 Jewelry Market Production, Value and Growth Rate Forecast
4.4.3 Accessories Market Production, Value and Growth Rate Forecast
4.4.4 Cosmetics Market Production, Value and Growth Rate Forecast
4.4.5 Fine Wines/Champagne and Spirits Market Production, Value and Growth Rate Forecast
4.4.6 Travel Goods Market Production, Value and Growth Rate Forecast
4.4.7 Others Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Luxury Products Consumption and Value by Application
5.1.1 Global Luxury Products Consumption by Application 2016-2021
5.1.2 Global Luxury Products Market Value by Application 2016-2021
5.2 Global Luxury Products Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Male Market Consumption, Value and Growth Rate
5.2.2 Female Market Consumption, Value and Growth Rate
5.3 Global Luxury Products Consumption and Value Forecast by Application
5.3.1 Global Luxury Products Consumption Forecast by Application 2021-2026
5.3.2 Global Luxury Products Market Value Forecast by Application 2021-2026
5.4 Global Luxury Products Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Male Market Consumption, Value and Growth Rate Forecast
5.4.2 Female Market Consumption, Value and Growth Rate Forecast
6 Global Luxury Products by Region, Historical Data and Market Forecasts
6.1 Global Luxury Products Sales by Region 2016-2021
6.2 Global Luxury Products Market Value by Region 2016-2021
6.3 Global Luxury Products Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Luxury Products Sales Forecast by Region 2021-2026
6.5 Global Luxury Products Market Value Forecast by Region 2021-2026
6.6 Global Luxury Products Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Luxury Products Value and Market Growth 2016-2021
7.2 United State Luxury Products Sales and Market Growth 2016-2021
7.3 United State Luxury Products Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Luxury Products Value and Market Growth 2016-2021
8.2 Canada Luxury Products Sales and Market Growth 2016-2021
8.3 Canada Luxury Products Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Luxury Products Value and Market Growth 2016-2021
9.2 Germany Luxury Products Sales and Market Growth 2016-2021
9.3 Germany Luxury Products Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Luxury Products Value and Market Growth 2016-2021
10.2 UK Luxury Products Sales and Market Growth 2016-2021
10.3 UK Luxury Products Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Luxury Products Value and Market Growth 2016-2021
11.2 France Luxury Products Sales and Market Growth 2016-2021
11.3 France Luxury Products Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Luxury Products Value and Market Growth 2016-2021
12.2 Italy Luxury Products Sales and Market Growth 2016-2021
12.3 Italy Luxury Products Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Luxury Products Value and Market Growth 2016-2021
13.2 Spain Luxury Products Sales and Market Growth 2016-2021
13.3 Spain Luxury Products Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Luxury Products Value and Market Growth 2016-2021
14.2 Russia Luxury Products Sales and Market Growth 2016-2021
14.3 Russia Luxury Products Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Luxury Products Value and Market Growth 2016-2021
15.2 China Luxury Products Sales and Market Growth 2016-2021
15.3 China Luxury Products Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Luxury Products Value and Market Growth 2016-2021
16.2 Japan Luxury Products Sales and Market Growth 2016-2021
16.3 Japan Luxury Products Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Luxury Products Value and Market Growth 2016-2021
17.2 South Korea Luxury Products Sales and Market Growth 2016-2021
17.3 South Korea Luxury Products Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Luxury Products Value and Market Growth 2016-2021
18.2 Australia Luxury Products Sales and Market Growth 2016-2021
18.3 Australia Luxury Products Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Luxury Products Value and Market Growth 2016-2021
19.2 Thailand Luxury Products Sales and Market Growth 2016-2021
19.3 Thailand Luxury Products Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Luxury Products Value and Market Growth 2016-2021
20.2 Brazil Luxury Products Sales and Market Growth 2016-2021
20.3 Brazil Luxury Products Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Luxury Products Value and Market Growth 2016-2021
21.2 Argentina Luxury Products Sales and Market Growth 2016-2021
21.3 Argentina Luxury Products Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Luxury Products Value and Market Growth 2016-2021
22.2 Chile Luxury Products Sales and Market Growth 2016-2021
22.3 Chile Luxury Products Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Luxury Products Value and Market Growth 2016-2021
23.2 South Africa Luxury Products Sales and Market Growth 2016-2021
23.3 South Africa Luxury Products Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Luxury Products Value and Market Growth 2016-2021
24.2 Egypt Luxury Products Sales and Market Growth 2016-2021
24.3 Egypt Luxury Products Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Luxury Products Value and Market Growth 2016-2021
25.2 UAE Luxury Products Sales and Market Growth 2016-2021
25.3 UAE Luxury Products Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Luxury Products Value and Market Growth 2016-2021
26.2 Saudi Arabia Luxury Products Sales and Market Growth 2016-2021
26.3 Saudi Arabia Luxury Products Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
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In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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