Overview:
Luxury products consist of footwear, clothes, watches and other related accessories available either in physical stores or in online stores which are generally quite expensive and are targeted on premium class. It has been noticed that, mothers all across the globe are spending significant amount on clothing and other accessories for their children as they believe that the way a kid is dressed is usually a reflection of parents’ dressing sense. Proper channel of distributing the products, various promotion techniques and influential marketing are some of the factors impacting the demand for luxury products all over the world.
The global luxury products for kids market has showcased an upliftment in its growth over the past few years and is anticipated to observe robust growth over the next seven years till 2023. Rising innovative products, changing lifestyle and increasing affordability of parents has grown the market for kid’s luxury products over the past few years. Besides this, increasing awareness about kids related products through social media as well as influence of parents through friends, neighbors and other word of mouth options is expected to bolster the growth of luxury products for kids market till 2023.
At present, North America and Europe captured the maximum share in revenue of luxury products for kids market and is anticipated to dominate over the forecast period. Asia Pacific luxury products for kids market is anticipated to observe fastest growth in next few years as the luxury expenditure by parents is anticipated to impel in developing nations due to rising disposable income. In Asia Pacific region, China is anticipated to contribute highest share in the total revenue of luxury products for kids market during the forecast period.
The global luxury products for kids market are mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Global Luxury Products for Kids market is segmented on the following bases:
1. By Product Type
a. Kids Accessories
b. Kids Apparels
c. Kids Footwear
2. By Sales Channel
a. Supermarket/Hypermarket
b. Company’s Brand Outlet
c. Online Store
d. Others
3. By Geography
a. North America
i. U.S.
ii. Canada
b. Europe
i. U.K.
ii. France
iii. Germany
iv. Italy
v. Russia
vi. Rest of Europe
c. Asia Pacific
i. Japan
ii. China
iii. India
iv. Australasia
v. Rest of APAC
d. Rest of World
i. Latin America
1. Brazil
2. Rest of Latin America
ii. Middle-East & Africa
iii. Africa
Key Players Identified Across the Value Chain in the Luxury Products for Kids Market include but are not limited to:
Gucci Group, United Color of Benetton, Jack & Jill Clothing Inc, J Crew Group Inc., DKNY, Burberry Group, BLOCH, FENDI, Christian Dior S.A., GAP Inc, Giorgio Armani S.p.A and others.
This report offers:
