ResearchMoz

Luxury Goods Market Outlook in Singapore, 2017: Industry Size, Shares, Trends, Growth and Forecast Report

ResearchMoz.us include new market research report " Singapore Luxury Goods Market Outlook to 2017 - Rising HNWI Population to Propel the Growth " to its huge collection of research reports.

 

Albany, NY -- (ReleaseWire) -- 04/22/2014 -- The report provides a comprehensive analysis of the market size of Singapore luxury goods Industry on the basis of revenue generated from the sale of different types of luxury goods in the country. The report provides a brief overview of luxury goods sales in Singapore covered in terms of various segments such as designer apparels, luxury footwear, premium cosmetics and fragrances, luxury watches, designer jewellery, luxury spirits and wines, cigars and other luxury fashion accessories.

View Full Report with TOC at: http://www.researchmoz.us/singapore-luxury-goods-market-outlook-to-2017-rising-hnwi-population-to-propel-the-growth-report.html

Luxury goods have gradually become the symbols of economic status especially for the middle and upper class population in the country. Singapore luxury goods market size stood at nearly USD ~ million in 2012, showcasing a healthy CAGR of 13.8% from 2007. The market observed a slightly sluggish growth rate of 9.4% in 2012 as compared to the past years. During this year, the growth rate slowed across all the major segments of the market relative to the previous years. However, the segment of luxury watches suffered the maximum, noting a significant depreciation of 3.8% from 2011.

Luxury goods have become an integral part of the lifestyles in Singapore as compared to countries such as India, China, Taiwan and others. Singapore luxury goods market covers various types of product categories including designer apparel, premium footwear, luxury watches, high end cosmetics and fragrances and others. Designer apparels have been the highest contributing category in the market, forming around 26.0% of the market revenues. Premium cosmetics and fragrances stood as the second highest category in terms of revenue contribution recording USD ~ million at a CAGR of 7.2% during 2007-2012. Designer jewelry has emerged as one of the fastest growing segments in the market for luxury goods in the country over the period 2007-2012.

The market is projected to grow to USD 7,187.4 million in 2017 at a CAGR of 8.3% from 2012-2017. Some of the important factors which have fueled growth in the luxury goods market of Singapore include increasing levels of gross domestic production, inclining income levels, growing population of upper middle class people, high urbanization, growing proportion of affluent class in the overall population, shifting social attitudes towards the display of wealth and others. Moreover, apart from the aforementioned attributes, the advantage of being an international free port is another major factor which has encouraged the sales of luxury products in the country over the years. This has resulted in a comparatively higher spending by tourists in Singapore relative to its neighbors. Owing to these factors, many premium international brands are looking forward to expand their investments and presence in Singapore.

Browse More Reports related to Lifestyle: http://www.researchmoz.us/lifestyle-market-reports-175.html

Key Topics Covered in the Report:

- Market Size of Singapore luxury goods market by Revenue Generated, 2007-2012.
- Market Segmentation of Luxury Goods Market by Different Types of Products, 2007-2012
- Market Share of Major Players in Singapore Luxury Goods Industry by Different Market Segments
- Cause and Effect Relationship and SWOT Analysis of Singapore Luxury Goods Market Space
- Trends and Developments of Singapore Luxury Goods market.
- Profiles of Major Players Operating in the Luxury Goods Business on the Basis of Different Types of Products in Singapore.
- Prices Comparison of Products on the basis of Different brands
- Future Outlook and Projections of the Singapore Luxury Goods Market on the basis of Revenue and Different Product Categories, 2013-2017

Related Reports:-

Consumers and the Economic Outlook - China - March 2014

Saving remains an important financial priority for consumers and the idea of spending the money to enjoy life now without thinking about tomorrow is still uncomfortable for many. This means that while consumers are confident about making more purchases, they are still spending within what they can afford and according to their priorities. It is therefore important for businesses to understand where consumers are more likely to allocate their spare money and the differences in their attitudes towards managing their finances. Browse Full Report with TOC at: http://www.researchmoz.us/consumers-and-the-economic-outlook-china-march-2014-report.html

Global and China Jewelry Industry 2014 Market Research Report

The report firstly introduced Jewelry basic information included Jewelry definition classification application industry chain structure industry overview; international market analysis, China domestic market analysis, Macroeconomic environment and economic situation analysis and influence, Jewelry industry policy and plan, Jewelry product specification, manufacturing process, product cost structure etc. Browse Full Report with TOC at: http://www.researchmoz.us/global-and-china-jewelry-industry-2014-market-research-report-report.html

About ResearchMoz
ResearchMoz ( http://www.researchmoz.us/ ) is the one stop online destination to find and buy market research reports. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. We provide the market context, competitor insight and future trends needed for strategic planning.

For More Information Kindly Contact:
Mrs.Sheela AK
Tel:+1-518-618-1030
Toll Free: 866-997-4948
Email: sales@researchmoz.us
Blog: http://marketingresearchreport.wordpress.com/