China Luxury Market Research and Forecast Report 2023-2028

1. China Luxury Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description China Luxury Market Research Report: The latest report by IMARC, titled “China Luxury Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” finds that the China luxury market size reached US$ 287.3 Billion in 2022. Luxury goods and services are non-essential but desirable products that comprise haute couture clothing, jewelry and high-end watches, sports cars, a private jet, a yacht, wine, advanced homes and real estates, and limousine service. They represent the wealth of an individual and intended to appeal to people in a high social class. They raise self-esteem and confidence of an individual by serving as a status symbol in society. They are durable, advanced, and expensive while offering comfort and elegance to consumers. They help make a long-lasting and credible impression while delivering a sense of exclusivity. As they provide enhanced craftsmanship, rarity, and aesthetics, the demand for luxury goods and services is rising in China. Request Free Sample Report: https://www.imarcgroup.com/china-luxury-market/requestsample

4. Report Description and Highlights Report Description China Luxury Market Trends: At present, increasing number of individuals visiting travel retail businesses and duty-free shops at airports represents one of the key factors supporting the growth of the market in China. In addition, there is a rise in the number of urban middle-class spenders to demonstrate their individualism and success. This, along with the thriving tourism industry, is bolstering the growth of the market in the country. Besides this, the growing demand for paintings made by contemporary artists among the masses to associate emotionally with their culture is positively influencing the market in the country. Moreover, the wide availability of luxury goods through online and offline distribution channels, coupled with inflating income levels of individuals, is propelling the growth of the market in China. Apart from this, there is an increase in the demand for sustainable luxury products manufactured from environmentally friendly raw materials, such as plant-based leather, which are used to produce jackets, handbags, and footwear. In line with this, the rising awareness among individuals about the leading luxury brands in China is strengthening the growth of the market. Additionally, key manufacturers are providing various offers to draw the attention of the younger section of the population in the country. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/china-luxury-market

5. Report Description and Highlights Report Description Market Summary: Breakup by Category: • Travel and Hotel • Cars • Personal Luxury Goods • Food and Drinks • Others Breakup by Gender: • Male • Female Breakup by Distribution Channel: • Mono-Brand Stores • Multi-Brand Stores • Online Stores • Others

6. Report Description and Highlights Report Description Breakup by Region: • Guangdong • Jiangsu • Zhejiang • Henan • Sichuan • Shanghai • Others

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9. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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