Clothing & Footwear is Expected to Hold the Leading Share in the Turkey Luxury Goods Market During the Forecast Period
Increasing consumer awareness regarding leading luxury brands and rising per capita income drive the growth of luxury goods in Turkey. According to TechSci Research report, “ Turkey Luxury Goods Market - By Region, Competition, Forecast and Opportunities, 2017-2027 ” , the Turkey luxury goods market has expanded significantly in recent years. The increase in demand is mainly attributed to people's rising per capita income. Luxury goods also signify social status. As a result, people often purchase expensive goods to flaunt their status. According to the trend, the market for luxury goods is predicted to experience encouraging growth during the forecast period. The growth of online shopping is fueling the market for luxury goods. E-commerce makes it simple to purchase goods made in distant locations. In turn, this has significantly expanded the availability of luxury goods worldwide thus contributing to the growing demand of this market. On the other hand, offline store contrib