Luxury Market In The Next 10 Years To Expand Asia'S "Battlefield"

< p > according to data research, thanks to the rapid growth of household income, Asia will occupy more than half of the luxury consumption market in the next ten years.

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< p > in recent years, China's mainland market, which occupies Asia 2/3 < a href= "//www.sjfzxm.com/news/index_f.asp" > luxury goods < /a > consumer market share, has declined in sales performance. This sign has alerted many big brands.

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< p > but according to the data from the economist information department, Asia's luxury market prospects are quite optimistic in the next ten years. The strong recovery will bring 5 to 6 of the industry's revenue growth.

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"Recently, China's advocacy of frugality and the exchange rate changes caused by the depreciation of the yen have further aggravated the concerns of the Asian luxury market," said P, chief retail and consumer product analyst at the economist Research Institute.

But even so, many luxury brands still achieve strong sales performance.

Compared with the severe stagnation and weakening in Europe and North America, the potential of Asia has undoubtedly become the focus of clear attention in the "a href=" //www.sjfzxm.com/news/index_f.asp "brand" /a.

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< p > in the Asian market, < a href= "//www.sjfzxm.com/news/index_p.asp" > China < /a > will be the main force.

It is estimated that in 2030, nearly 13 million families will have an annual average income of over 150 thousand dollars. India will also be a major market. The number of households earning more than 50 thousand dollars will reach 30 million.

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< p > the report predicts that India will become a key battleground for many luxury brands in the retail market which is open to foreign investors.

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< p > while the global commodity market boom is rising, the rise of the elite in Indonesia can not be underestimated.

Southeast Asian countries such as Malaysia and Thailand are also becoming popular shopping places. The economist Research Institute said that because the former benefited from lower import tariffs on luxury goods, luxury consumption has gradually become a climate.

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Less than P, of course, not all Asian countries are in a good shape, especially in the Japanese market, which is suffering from a double blow of currency devaluation and consumer confidence. The report says such a situation will hinder the development potential of its market.

Moreover, more and more smart consumers from all over the world are extending their purchase to Europe and America, which will also lead to the loss of the local market.

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< p > "but if the brand can further deepen the market, they will dig" gold mines "in the market of the two or three tier cities in China. They will achieve sales growth from the entrepreneurs who are rich in India, or benefit from the rapid growth of wealth driven by Indonesia.

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