The market for Luxury Products for Kids Market is expected to reach US$ US$ XX Mn By 2023.
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.
By Product Type
By sales channel
By geography
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
The market for Luxury Products for Kids Market is expected to reach US$ US$ XX Mn By 2023.
The Luxury Products for Kids Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2016 to 2023.
The base year of this report is 2015.
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. are some of the major players in the global market.