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Luxury Goods Retailing in Asia-Pacific,

2014-2019

Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape

Report Code: RT0385SR

Published: August 2015

Report Price: US$4,950 (Single Copy) for full report.

SAMPLE PAGES


Some key findings • Luxury goods retail sales in Asia-Pacific to reach US$134.9 billion by 2019,

growing at a CAGR of 7.0% during 2014-2019.

• Japan will remain the largest market for luxury goods amid slowdown in China

• India’s luxury goods market is growing fastest in Asia-Pacific driven by rising

disposable income, growing fascination towards luxury brands and desire of

high earners to differentiate themselves from others

• Jewelry watches and accessories is the largest and fastest growing category

in the region driven by higher spending on jewelry and watches by Chinese

and fashion crazy Japanese and Koreans.

• Hong Kong luxury market is struggling due to political unrest and reduced

Chinese spending

• Although India is growing the fastest, international luxury retailers have to face

challenges

• Luxury tax exemption will boost luxury goods consumption in Indonesia

• Social messaging app is a trending marketing channel for luxury brands as

digital channel is influencing purchasing decision and pattern of consumers

The “Luxury Goods Retailing in Asia-Pacific, 2014-2019” report, published by Conlumino, provides an analysis of current and forecast market data of luxury goods retail

sales in Asia-Pacific including analysis of market size at country and category level. In addition, it highlights the largest and fastest growing markets for the luxury goods

categories, provides penetration of luxury category sales in total retail sales for each country, covers key trends influencing the markets, with an emphasis on leading

retailers and lists key mergers and acquisitions by major luxury retailers. Also provides market shares of key luxury goods retailers in the region and provides a focus on

Compagnie Financiere Richemont SA brand expansion and growth strategies

Summary

August 2015

82 SLIDES, 80 DATA CHARTS & GRAPHS + INFOGRAPHICS & TABLES

Reasons to buy • Get accurate and reliable luxury retail sales data of 12 countries in Asia-Pacific

region for 2014 and forecast for 2019 to identify the largest and fastest-growing

market and to discover profitable markets for expansion/entry

• Explore an in-depth analysis of luxury retail sales data by categories to spot and

target key categories in each country, to analyze current and future growth

prospects and develop strategies for category/country you are interested in

• Learn from luxury market retail trends and define your strategies based on the

need of luxury retail landscape in the region

• Make country level comparisons to effectively target new revenue streams and

align your marketing strategies with the crucial trends influencing luxury spending

• Understand competitive positioning based on the information on market shares,

store count and latest developments for key luxury retailers in the region

• Track brand expansion and growth strategy of Compagnie Financiere Richemont

SA through a detailed case study

• Gain information on all major mergers and acquisitions of luxury brands to

understand the luxury market space and acquisition strategies of competitors

RT0385SR

www.conlumino.com 3

Conlumino

Global Food and Grocery retailing

August 2015

CONTENTS

Luxury Market Retail

Trends (Slide 61)

Highlights of luxury market retail

trends at regional and country level

Country and Category Analysis (Slide 15)

Detailed analysis of the luxury goods market in Asia-Pacific by country and categories with forecasts to 2019

Leading Luxury Brands (Slide 46)

A focus on the leading luxury brands’ retail sales with regional market shares

Richemont Case Study (Slide 54)

An analysis of the Richemont

group, its brand expansion and

growth strategies

Mergers and Acquisitions (Slide 71)

Latest merger and acquisitions in

the luxury goods market

Executive Summary (Slide 4)

Summary of the luxury goods retail landscape in Asia-Pacific, highlighting region’s largest and fastest growing markets and categories.

Appendix (Slide 77)

Definitions, summary methodology

and list of countries covered in the

region

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Conlumino


Luxury goods

Clothing Jewelry, watches

and accessories

Drinks

Personal care

Home furniture

and Homewares

Luggage and

leather goods

Footwear

Communications

equipment

Tobacco

Stationery

Consumer electronics

Others

CONLUMINO COVERAGE

Detailed definitions of the categories could be found in the appendix of the report. Source: Conlumino

August 2015 RT0385SR

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Conlumino


2014 2019

August 2015

Japan, China and South Korea will remain the three largest luxury goods market

in Asia-Pacific

Luxury goods retail sales in the region

*Data covers 12 markets in the region. Source: Conlumino

All figures are in US$ bn

Conlumino

Luxury Goods Retailing in Asia-Pacific, 2014-2019

Japan, China, and South Korea are the three largest luxury goods

market in the region. Although Japan is a mature market, it opens a

window of opportunity for retailers as sales in emerging economies

such as China and Russia have slowed.

China, growing at a double digit rate until 2012, was expected to

surpass Japan’s luxury market, but the market staggered in 2013 due

to slowdown in economic growth, and collapsed in 2014, with the

commencement of the government’s anti-corruption drive.

Of the three largest markets, South Korea is the fastest growing,

driven by a strong wealthy population, growing purchasing power, and

surging luxury fashion, with changing demands from young Koreans

and an increasing influx of tourists from China and other Asian

countries.

Top three largest

luxury markets

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Top five largest countries by sales in each category

China Japan Hong Kong South Korea Singapore

CA

GR

, 2014-2

019

Lu

xu

ry r

eta

il s

ale

s,

U

S$ b

n

2014

2019

2014-2019

Jewelry, watches and accessories – China to remain the biggest market

Japan South Korea China Hong Kong Australia

CA

GR

, 2014

-2019

Lu

xu

ry r

eta

il s

ale

s,

U

S$ b

n

2014

2019

2014-2019

Clothing– South Korean fashion market will foresee double digit growth

Conlumino


Source: Conlumino

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Conlumino

Global Clothing & Footwear retailing


Top three largest and fastest growing categories per country

Source: Conlumino

Conlumino


Communications

equipment-x%

Clothing-x%

Jewelry, watches and

accessories-x%


accessories-x%

Personal care-x%

Clothing-x%

Larg

est

cate

gorie

s

Fa

ste

st g

row

ing

ca

teg

ori

es

Jewelry, watches, and accessories is the

largest luxury category in the country, as price

conscious Indians invest their money in

products that can be long term assets. The

category growth is further boosted by Indian

traditional practices, to wear glittering jewelry

at marriages and other functions, which also

act as a status symbol.

Clothing-x%

Communications

equipment-x%

Footwear-x%

Clothing-x%


accessories-x%

Drinks-x%

Larg

est

cate

gorie

s

Fa

ste

st g

row

ing

ca

teg

ori

es

Luggage and leather

goods-x%

Clothing-x%

Home furniture and

Homewares-x%

Clothing-x%

Personal care-x%


accessories-x%

Larg

est

cate

gorie

s

Fa

ste

st g

row

ing

ca

teg

ori

es

Category–

% of luxury retail sales 2014

Category–

Luxury retail sales - % CAGR 2014-2019

Category–


Category–

luxury retail sales - % CAGR 2014-2019

Category–


Category–

luxury retail sales - % CAGR 2014-2019

Source: Conlumino

South Korea

India

Note: Countries are arranged in fastest growing order

Indonesia

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Conlumino



Source: Conlumino

Luxury goods share of retail sales by category in top 10 countries, 2014 & 2019

Conlumino


Luxury share of retail sales – personal care Conlumino


High spending on duty free products and affordable

luxury has spurred the luxury personal care market in

the region. The US based luxury skin care brand,

Bellatora, expanded internationally by opening stores

in Singapore. Although the luxury market in Singapore

is small, the spending power of Singaporean

consumers on luxury goods is high. The country will

continue to see high growth, driven by a robust

economy, high purchasing power of locals, and

increasing tourists spending on duty free products.

The desire to look good, an increase in the awareness

of innovative and unique beauty products, and growing

men’s interest in enhancing their appearance, are

expected to drive the market.

Personal care, 2019

Personal care, 2014


Table of contents

Asia-Pacific region analysis

Retail sales of luxury goods in Asia-Pacific 2009, 2014, 2019

Top 10 luxury goods retail markets by country, 2014 & 2019

Top 10 fastest growing luxury goods retail markets, CAGR

2014-2019

Largest categories – total luxury retail sales, 2014 & 2019 (US$

bn)

Fastest growing markets in Asia-Pacific, CAGR 2014-2019

Luxury goods share of retail sales by country, 2014 & 2019

Luxury retail sales by category in each country, 2014 & 2019

Fastest growing categories, CAGR 2014-2019

Top five fastest growing countries in each category

Top three largest and fastest growing categories per country

Luxury goods share of retail sales by category in each country,

2014 & 2019

Other key info

Market shares of major luxury goods retailers in Asia-Pacific

region

Description of each of the major players and their key financials

Case Study – Compagnie Financiere Richemont SA

Snippets of key luxury trends

Luxury retailers are facing challenges due to rising consumption

tax in Japan

Luxury brands in China slashing prices to boost domestic

consumption

Digital channel is influencing purchasing decision and pattern

Hong Kong luxury market is struggling due to political unrest

and reduced Chinese spending

Luxury retailers expanding to catch-up rising spending of

wealthier population in Australia

Although India is growing the fastest, international luxury

retailers have to face challenges

Executive Summary

Highlighting the key findings in the report and the region


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Figure# Chart title Slide#

Figure: 1 Retail sales of luxury goods in Asia-Pacific 2009, 2014, 2019 (US$ bn) Slide #7

Figure: 2 Top 10 luxury goods retail markets by country, 2014 (Market shares %) Slide #8

Figure: 3 Top 10 luxury goods retail markets by country, 2019 (Market shares %) Slide #9

Figure: 4 Top 10 luxury goods retail markets by country, 2014 (US$ bn) Slide #10

Figure: 5 Top 10 luxury goods retail markets by country, 2019 (US$ bn) Slide #11

Figure: 6 Top 10 fastest growing luxury goods retail markets, CAGR 2014-2019 Slide #12

Figure: 7 Top 10 luxury goods retail markets by increase in value, 2014-2019 (US$ bn) Slide #13

Figure: 8 Top five largest categories – total luxury retail sales, 2014 (US$ bn) Slide #14

Figure: 9 Top five largest categories – total luxury retail sales, 2019 (US$ bn) Slide #14

Figure: 10 Luxury goods retail sales in the region (US$ bn), 2014 & 2019 Slide #16

Figure: 11-12 Fastest growing markets in Asia-Pacific, CAGR 2014-2019 Slide #17

Figure: 13 Luxury goods share of retail sales by country, 2014 Slide #18

List of Figures

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Figure# Chart title Slide#

Figure: 14 Luxury goods share of retail sales by country 2019 Slide #18

Figure: 15 Largest categories – total luxury retail sales, 2014 (US$ bn) Slide #20

Figure: 16 Largest categories – total luxury retail sales, 2019 (US$ bn) Slide #20

Figure: 17-40 Top five largest countries by luxury retail sales in each category, 2014 & 2019 Slide #21-26

Figure: 41 Fastest growing categories, 2014-2019 (CAGR, 2014-2019) Slide #27

Figure: 42-53 Top five fastest growing countries in each category Slide #28-30

Figure: 54-55 Top three largest and fastest growing categories per country Slide #31-33

Figure: 56 Luxury goods share of retail sales by categories, 2014 Slide #34

Figure: 57 Luxury goods share of retail sales by categories, 2019 Slide #34

Figure: 58-79 Luxury goods share of retail sales by category in each country, 2014 & 2019 Slide #35-45

Figure: 80 Market shares of major luxury goods retailers in Asia-Pacific, 2014 Slide #47

List of Figures

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About Conlumino

August 2015

Conlumino Global Retail offers a comprehensive 360° view of the retail landscape. A team of analysts, with more than 200 years of combined

experience, help you identify and understand the most current retail trends.

Hundreds of retail businesses across the globe used our research to make critical business decisions.

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical,

photocopying, recording or otherwise, without the prior permission of the publisher, Conlumino.

The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please note that the findings, conclusions and

recommendations that Conlumino delivers will be based on information gathered in good faith from both primary and secondary sources, whose

accuracy we are not always in a position to guarantee. As such, Conlumino can accept no liability whatsoever for actions taken based on any

information that may subsequently prove to be incorrect.

Disclaimer

Countries Covered

Asia-Pacific region includes data of Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South

Korea, Thailand

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