Global Powers of Luxury Goods 2017

Insights

Global Powers of Luxury Goods 2017

The new luxury consumer

Deloitte is pleased to announce the launch of our fourth annual Global Powers of Luxury Goods report, which examines and lists the 100 largest luxury goods companies globally, based on publicly available data. It also discusses the key trends shaping the luxury market and provides a global economic outlook. Discover the top international luxury brands, the countries recording the highest sales, and consumers’ top destinations of choice for making luxury purchases.

Luxury market trends

Deloitte has identified two key interconnected trends that we believe will characterise the luxury goods markets in 2017:

  1. From physical products to digital experiential
    the essence of luxury is changing from an emphasis on the
    physical to a focus on the experiential and how luxury
    makes you feel. However premium quality remains a ‘must
    have’ and consumers retain a keen eye for craftsmanship
    and hand-made products.
  2. From standardisation to personalisation 
    expansion through globalisation necessitated a one-size-fits-all
    approach. However, changing luxury shopper behaviour
    demands a different, more personalised response.
Global Powers of Luxury Goods 2017

Global economic outlook

The economic environment for luxury brands continues to be challenging, with slow growth in major developed economies, high levels of debt in emerging markets, deflation or low inflation in rich countries, a protectionist backlash against globalisation, troubled credit markets in a number of countries, and worsening demographics in many. Yet despite the economic headwinds, the sector is resilient and consumers are still making luxury purchases, especially in emerging markets.

Key findings from the report include:

  • Luxury goods sales growth is accelerated by currency volatility – sales for the world's 100 largest luxury goods companies grew by more than 3 percentage points in FY2015. Most currencies weakened significantly against the US dollar, which benefited many multinational companies based in other regions who experienced favorable currency effects, driving up reported sales.
  • Italy is once again the leading luxury goods country in terms of number of companies, while France has the highest share of sales.
  • Multiple luxury goods companies double sales growth and lead profitability, while bags and accessories continues to be the fastest growth sector.
Top 100 quick statistics
Top 100 quick statistics

Global Powers of Luxury Goods 2016

Deloitte proudly presents the third annual Global Powers of Luxury Goods. The report identifies the 100 largest luxury goods companies around the world and analyzes them from multiple perspectives. Furthermore, it provides an outlook on the global economy; an analysis of merger and acquisition activity in the industry and looks at the key forces shaping the luxury market.

Global Powers of Luxury 2016

Global Powers of Luxury Goods 2015

Deloitte Touche Tohmatsu Limited (DTTL) is pleased to present the 2nd annual Global Powers of Luxury Goods. This report identifies the 100 largest luxury goods companies around the world based on publicly available data for the fiscal year 2013 (encompassing companies’ fiscal years ended through June 2014). The report also provides an outlook on the global economy; an analysis of market capitalization in the luxury goods industry; a look at merger & acquisition activity in the industry; and a discussion on engaging the future luxury consumer.

Global Powers of Luxury Goods 2015
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