Hard luxury items last a long time, like watches and jewelry. Each piece of jewelry and watch in the hard luxury collection is unique and created to be enduring pieces of art. Although hard luxury remains a mainstay of the personal luxury goods sector and continues to represent a significant portion of sales, it has experienced relatively slow growth in recent years as a result of the global economic slowdown and shifting consumer preferences, especially in the Greater China region, which drove sales at the beginning of the decade.
Hard Luxury Goods Market Overview
A market research study on “Hard Luxury Goods Market” is available from Maximize Market Research, a global healthcare market research company.An extensive study of the sector is provided in the report on Hard Luxury Goods Market. The market size and growth rate are two major points of the report. The drivers, restraints, challenges, and opportunities for the Hard Luxury Goods Market’s growth are included in the report’s insights.
Hard Luxury Goods Market is anticipated to grow by 10.4% CAGR from 2022 to 2029, from a market value of USD 96.65 billion in 2021 to USD 235.46 billion in 2029.
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Market trends for Hard Luxury Goods:
PRP (Platelet-Rich Plasma) treatments are in high demand in the market for Hard Luxury Goods.
Platelet-Rich Plasma (PRP) therapies are frequently used for hair loss, acne scars, and face rejuvenation. When it comes to enhancing aesthetics and reversing the signs of aging, PRP treatments are ideal for addressing fine lines, wrinkles, sagging skin, and uneven-toned skin. PRP procedures use the patient's blood to encourage the production of collagen and give them a younger appearance. Due to the fact that PRP therapy is an all-natural, allergy-free process, its popularity has increased. PRP is most effective at preventing hair loss because it causes inflammatory reactions that promote growth factors that do so. Additionally, PRP treatments yield results in a matter of days, whereas results
avoiding surgery to reduce fat
Non-surgical treatments are preferred by patients because they require less recovery time, produce better results, and are more comfortable. As a result, nonsurgical fat reduction has emerged as the most well-liked and durable trend in the market for Hard Luxury Goods. These treatments aim to reduce fat cells in difficult body regions like the bottom, thighs, upper arms, and abdomen. These non-surgical body sculpting procedures don't require surgery, anesthesia, sutures, incisions, or a protracted healing process.
Hard Luxury Goods Market Segmentation
The market is divided into watch and jewelry segments based on the kind of product. Timepieces are the biggest sources of income due to the rising demand for sophisticated luxury watches. With sales rising at a CAGR of 10.08 percent over the course of the projection period, watches are anticipated to be the most valued product on the global market for hard luxury goods. However, due to the rising demand for various forms of jewelry, it is anticipated that demand will continue to increase throughout the projection period.
The market is divided into two categories for men and women based on gender. Hard luxury goods are thought to have a more lucrative market among women than among men. Due to their increasing desire for accessories including watches, necklaces, rings, earrings, and bracelets, women would make up the bulk of the market. Emerging male grooming trends will encourage the growth of the male sector, with men becoming more interested in branded, high-end watches. As a result, many companies are concentrating on offering products that may satisfy the various needs of both end consumers.
1. Global Hard Luxury Goods Market Size, by Product Type (2021-2029)
• Watches
• Jewelry
• Others
2. Global Hard Luxury Goods Market Size, by Gender (2021-2029)
• Female
• Male
3. Global Hard Luxury Goods Market Size, by Distribution Channel (2021-2029)
• Online Stores
• Department Stores
• Monobrand Stores
• Specialty Stores
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Hard Luxury Goods Market Key Players
• Gucci
• Signet
• Tissot
• Bottega Veneta
• Chanel
• Giorgio Armani
• Hermes International
• Harry Winston
• Louis Vuitton
• Beaumont & Charlesworth
• Graff Diamonds Ltd.
• Swatch Group
• Richemont
• Bulgari
• Chanel S.A.
• Ralph Lauren Corp.
• Tiffany and Co.
• Rolex
• Cartier
• Chopard
• Pandora Jewellers
• Chow Tai Fook
• Rado
• Titan
• Rajesh Exports
• China National Gold Group Gold Jewellery
Hard Luxury Goods Market Report Scope and Research Methodology
Primary and secondary research methods were both used in the Hard Luxury Goods Market Analysis. Primary research involves the direct collection of data from the market through surveys, interviews, and market observations. Information was acquired for secondary research from published sources such news articles, business websites, and industry studies.
The competition in the market, which consists of innovators, copycats, and newcomers, is carefully examined. Through rigorous primary research, the key data discovered during the examination of Hard Luxury Goods were confirmed and verified. Examples of computations based on market statistics include market engineering, market forecasting, market breakdown, and data triangulation. The secondary data was gathered through the company’s annual reports, articles, paid and free databases, etc. to determine the regional
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Hard Luxury Goods Market Regional Insights
The study provides a comprehensive analysis of each region’s growth drivers, roadblocks, prospects, and competitive environment. The geographic divisions of the market are North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The study also identifies the leading countries in each region and forecasts the markets for those countries
Important inquiries addressed in the Hard Luxury Goods Market are:
- What is Hard Luxury Goods ?
- What are the global trends in the Hard Luxury Goods Market?
- What was the Hard Luxury Goods Total Market size in 2022?
- What is expected Hard Luxury Goods Market size by 2029?
- Who held the largest market share in Hard Luxury Goods Market?
- Who are the leading companies and what are their portfolios in Hard Luxury Goods Market?
- What are the major challenges that the Hard Luxury Goods Industry could face in the future?
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Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Industrial Manipulator Market Size, Share, Size Forecast by different segment | 2022−2029
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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