Market Insights
Luxury products consist of footwear, clothes, watches, and other related accessories in physical stores or online stores, which are generally quite expensive and targeted at the premium class. It has been noticed that mothers all across the globe are spending significant amounts on clothing and other accessories for their children, as they believe that how a kid is dressed is usually a reflection of their parents’ dressing sense. Proper channels of distribution, various promotion techniques, and influential marketing are some factors impacting the demand for luxury products worldwide.
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 until 2023. Rising innovative products, changing lifestyles, and increasing affordability for parents have grown the market for kids’ luxury products over the past few years. Besides this, increasing awareness about kids-related products through social media and the influence of parents through friends, neighbors, and other word-of-mouth options is expected to bolster the growth of the luxury kids’ products market through 2023.
At present, North America and Europe captured the maximum share in the revenue of the luxury products for kids market and are anticipated to dominate over the forecast period. Asia Pacific luxury products for kids market is anticipated to observe the fastest growth in the next few years as luxury expenditure by parents is anticipated to propel in developing nations due to rising disposable income. In the Asia Pacific region, China is anticipated to contribute the highest share of the total revenue of the luxury products market for kids during the forecast period.
The global luxury products market for kids is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
The global market for luxury products for kids is segmented on the following bases:
By Product Type
- Kids Footwear
- Kids Apparels
- Kids Accessories
By sales channel
- Supermarket/Hypermarket
- Company’s Brand Outlet
- Online Store
- Others
By geography
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Key players identified across the value chain in the luxury products for kids market include but are not limited to:
Gucci Group, United Colors 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 the following:
- An overview of the global market for luxury products for kids
- Market trends assessment for the period 2016-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
- Qualitative assessment tools such as market drivers, challenges, and prospects, and competitive analysis: market positioning of key market players
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles highlight key information about the major players operating in the global luxury products for the kids market.
- This report includes an estimation of market sizes for value. Both top-down and bottom-up approaches have been used to estimate and validate the size of the Luxury Products for the Kid’s market.
