Luxury Products for Kids Market: Global Industry Analysis, Size, Share and Forecast 2014-2020

Luxury Products for Kids Market: Global Industry Analysis, Size, Share and Forecast 2014-2020

Global Luxury

Products for Kids
Share, Global Trends,
Analysis, Research, Report,
Segmentation and Forecast,

Future Market Insights

Report Description
Luxury goods comprises of products such as accessories, footwear, apparel, watches and
others which are quite expensive and target those consumers who belongs to premium
class. The market for luxury goods consist of three types of end consumers, which
includes kids lying between the age of 0-12 years, teenagers belonging to the age group
of 13 to 19 years and the rest lies in adult group.Whereaskidsare concerned they are the
smallest consumer group. Although being a smaller consumer group, the luxury products
market for kids is experiencing tremendous growth in recent years due to changing
consumer lifestyle and availability of the product. It is expected that spend on luxury
shopping by consumers will grow by 25% in 2015. Luxury products for kids market is
associated with higher margin as compared to adult’s luxury products segment. It has
been found that baby’sluxury product accounted for more than 7.2% market share of
luxury market in 2014. Luxury product market highly depends upon thefactors such as
attractivemarketing, promotion techniques and proper distribution channel.
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Luxury products market for kids can be broadly segmented on the basis of product type,
distribution channel and geographies. On the basis of product types it can be
subsegmented into accessories, apparels and footwear.

Report Description
Among all these sub segments apparel market is expected to account for highest market
share followed by footwear sub segment. The growth of apparel segment is fuelled by
the frequently changing fashion and continuous need for new...

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