The global hard luxury goods market has been anticipated in a report by Transparency Market Research (TMR) to experience a high level of competition because of an expansive pool of well-settled players. The analysts authoring the report have projected the competition to intensify further as an increasing count of new players continue to venture into the market. The report has recognized Chanel, Bulgari, Richemont, Swatch Group, and Giorgio Armani as leading competitors of the industry. As a buyer of the report, you could expect to gain a complete understanding of the competitive landscape and receive a detailed account of how leading players are competing in the market.
As per a study presented in the report, TMR has envisaged the global hard luxury goods market to bag spectacular revenue of a total of US$126.11 bn by the completion of 2022. The market could expand at a 10.90% CAGR between 2017 and 2022. In 2017, it accounted for earnings worth a US$75.24 bn. Consumers of hard luxury goods could place a higher value on watches which have been predicted to rise at an 8.30% CAGR. With a significant presence of players in the region, Europe could achieve a king’s share of the market.
Get More Information @ https://www.transparencymarketresearch.com/hard-luxury-goods-market.html
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