Over the past few year, factors such as Inclination towards Gifting Personal Luxury Goods have contributed to the development of the Global Personal Luxury Goods market.

Undoubtedly, Increasing Tourist Pending is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Personal Luxury Goods market is expected to make a significant contribution growing at a CAGR of 3.8%.

AMA research has engaged in the competitive assessment of China & Global Personal Luxury Goods Vendors for 5 years. “The Top 10 Competitive Vendors in the Personal Luxury Goods in 2022” clearly displays the competitive situations of main Personal Luxury Goods Vendorsin 2022. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States and European occupying half of the list showcasing strong market competitive advantage.

The Distribution Channel, such as Supermarkets & Hypermarkets, is boosting the Personal Luxury Goods market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

With the multiple advantages of technology, cost and service, many major Vendors such as Estee Lauder Companies (United States), L'Oreal (France), Luxottica Group SpA (Italy), LVMH (France), Richemont (Switzerland), The Swatch Group (Switzerland), BURBERRY (United Kingdom), Breitling SA (Switzerland), Chanel (France), Giorgio Armani (Italy) and Kate Spade (United States) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Personal Luxury Goods industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Vendors wants to expand into other areas of the market value chain fundamentally determines its strategy.

The world’s leading luxury products group ‘LVMH Moet Hennessy Louis Vuitton’ has recorded a 10% increase in revenue, reaching € 33.1 billion in the first nine months of 2018. For the same period in 2017, LVMH has shown 13% increase in the overall revenue excluding the impact of the airport concession closures in Hong Kong at the end of 2017.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Personal Luxury Goods market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Data Triangulation
The overall Personal Luxury Goods market size is calculated using market estimation process, the Personal Luxury Goods market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Personal Luxury Goods market size has been validated using both top-down and bottom-up approaches.