Editing LVMH Moët Hennessy - Louis Vuitton, Société Européenne
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=== Total Addressable Market === | === Total Addressable Market === | ||
Here, the total addressable market (TAM) is defined as the luxury goods global market, and based on a number of assumptions, it is estimated that the size of the market as of today (6<sup>th</sup> July 2023) in terms of revenue, is US$354.80bn, and is expected to grow at a CAGR of 3.38% in the forecast period of 2023- | Here, the total addressable market (TAM) is defined as the luxury goods global market, and based on a number of assumptions, it is estimated that the size of the market as of today (6<sup>th</sup> July 2023) in terms of revenue, is US$354.80bn, and is expected to grow at a CAGR of 3.38% in the forecast period of 2023- 2028.<ref name=":0">Luxury Goods - Worldwide | Statista Market Forecast</ref> | ||
LVMH is the global leader in the luxury goods global market, having a market share of approximately 25% in terms of annual revenue. It operates in all geographic regions and covers all business groups of the luxury goods market. Making its Serviceable Available Market and Serviceable Obtainable Market equal to the Total Addressable Market. | LVMH is the global leader in the luxury goods global market, having a market share of approximately 25% in terms of annual revenue. It operates in all geographic regions and covers all business groups of the luxury goods market. Making its Serviceable Available Market and Serviceable Obtainable Market equal to the Total Addressable Market. |