Rich pickings - the outlook for luxury goods in Asia

Complete the registration form opposite to download a copy of Rich pickings - the outlook for luxury goods in Asia

After a boom in 2011-12, Asia’s luxury goods market has seen growth slow markedly. Yet the growth of the middle class offers huge opportunities for carefully tailored brands.

There remains some doubt about whether the slowdown in Asia’s luxury goods sales is temporary or permanent. Despite the slowdown, The Economist Intelligence Unit’s own forecasts for retail sales remain more bullish for Asia than for any other region over the next five years. This report, however, also looks at the long-term outlook for the region, by extending our household income projections out to 2030. We analyse shifting tastes in the Asian region, as well as the rise of smaller European brands and home-grown Asian ones. Finally, we discuss the impact of pricing and exchange rates, as well as counterfeiting and fast fashion, as clothing companies such as H&M (Sweden) and Zara (Spain) move into the market.

Download: Rich pickings - the outlook for luxury goods in Asia

The Economist Intelligence Unit helps business leaders prepare for opportunity, empowering them to act with confidence when making strategic decisions. We are renowned for our comprehensive global coverage and use the best analytical minds to examine markets, countries and industries with a level of insight you cannot find elsewhere. Uncompromising integrity, relentless rigour and precise communication underpin everything we do. We are meticulous with every analysis, every study, every projection and every commentary that carries the EIU brand. Our reputation for trusted business intelligence depends on it. Crystallise your thinking and see greater possibilities with business intelligence from the EIU–the most assured way to prepare for opportunity.