Hard Luxury Goods Market Attractive Market Opportunities In 2017 - 2022
Global Hard Luxury Goods Market: Snapshot The strengthening of global economy is having a great impact on the worldwide market for hard luxury goods. The increasing preferences for front-line and sophisticated products among consumers has fueled the sales of hard luxury goods across the world. Over the forthcoming years, the increasing number of high net-worth individuals in developed countries and the rising disposable income of consumers in emerging nations are likely to reflect positively on this market. The overall opportunity in the global hard luxury goods market is expected to rise to a whopping sum of US$75.24 bn by 2017. Further, the market is predicted to report a high-paced progression at a CAGR of 10.90% between 2017 and 2022, reaching a massive value of US$126.11 bn by the end of 2022. Watches to Remain Most Valued Hard Luxury Products The worldwide market for hard luxury goods is broadly assessed on the basis of the type of the product, sales channel, an...