# Luxury Market Segment

**IRI:** https://folio.openlegalstandard.org/RBguYnVVl5fmAxjW2p0fNkw

## Labels

**Preferred Label:** Premium Market

**Alternative Labels:**

- High-end Market
- Luxury
- Premium Market Segment

## Definition

The luxury segment refers to a specific portion of the market that is characterized by consumers who seek high-end, premium products and services. This segment is associated with luxury goods that offer exclusivity, superior quality, and a high level of craftsmanship, catering to consumers who are willing to pay a premium for these attributes.

## Examples

- Gourmet Foods
- Private Jet Services
- Yacht Manufacturer

## Sub Class Of

- https://folio.openlegalstandard.org/RQbVKPVl5dj5nW6aXoNxx4

**Deprecated:** False