Massification

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  • EnglishMassification
  • 日本語大衆化

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Massification is a strategy in the luxury-goods market in which brands seek to reach a broader consumer base while retaining aspects of the exclusivity associated with luxury. Common approaches include the creation of diffusion lines, which offer products at lower price points than a brand's main line, and brand extensions, in which an established brand name is applied to additional product categories. The expansion of luxury brands into wider markets can involve tensions between accessibility and exclusivity. Strategies associated with massification include product-line and distribution management, Experiential marketing and celebrity endorsement. Research on luxury democratization has also examined how wider availability can affect perceptions of prestige, distinctiveness and purchase intentions, although these effects vary according to the strategy and consumer group.

Massification is a strategy in the luxury-goods market in which brands seek to reach a broader consumer base while retaining aspects of the exclusivity associated with luxury. Common approaches include the creation of diffusion lines, which offer products at lower price points than a brand's main line, and brand extensions, in which an established brand name is applied to additional product categories. The expansion of luxury brands into wider markets can involve tensions between accessibility and exclusivity. Strategies associated with massification include product-line and distribution management, Experiential marketing and celebrity endorsement. Research on luxury democratization has also examined how wider availability can affect perceptions of prestige, distinctiveness and purchase intentions, although these effects vary according to the strategy and consumer group. ==Strategies== ===Brand extensions=== Brand extension involves using an established brand name to introduce products in another product category. Brand extensions are widely used by luxury companies, but their effects depend party on how consumers perceive the relationship between the parent brand and the extension. A 2013 study found that perceived fit between the parent brand and the extension was the strongest predictor of favorable evaluations for both luxury and non-luxury brands, followed by consumer involvement in the extension category. Extensions can also affect perceptions of the parent brand. Research on luxury branding has therefore examined the tension between expanding into more accessible product categories and preserving the exclusivity associated with the original brand. ==Value of luxury== Consumer perceptions of luxury goods are multidimensional. A cross-cultural study by Hennigs and colleagues identified four broad dimensions of luxury value: financial, functional, personal and social. Although the relative importance of these dimensions differed between consumers and countries, the study found similar underlying motivations for luxury consumption across the markets examined. Definitions of luxury have also changed as luxury goods have become accessible to a wider range of consumers. Kapferer and Bastien distinguish luxury from related concepts such as premium products, fashion and "trading up", arguing that luxury traditionally derives part of its value from social distinction as well as personal and hedonic experience. They also noted the proliferation of terms such as masstige, premium and hyperluxury reflecting disagreement over the boundaries of the luxury market. ==Marketing strategies== As luxury brands expand into wider markets, brand management may involve balancing growth with the exclusivity traditionally associated with luxury. Nueno and Quelch identified four areas of particular importance in managing the expansion: design and communications, product-line management, customer service and distribution-channel management. ==Consequences== Research on luxury democratization suggests that wider availability can reduce the perceived distinctiveness and exclusivity of luxury goods and influence customers' purchase intentions. Research published in 20251 found that democratization could reduce purchase intentions and increase brand-abandonment intentions among traditional luxury consumers, particularly where broader adoption diminished perceived exclusivity. However, these effects are not uniform; research on co-branding as a masstige strategy found that such collaborations did not necessarily reduce the prestige or desirability of the luxury-brand partner. ==References==

Text derived from https://en.wikipedia.org/w/index.php?oldid=1377312319 under CC BY-SA 4.0; modifications have been made.

References

  1. ↩Wikipedia publication date (×1) · confidence 0.95 https://en.wikipedia.org/w/index.php?oldid=1377312319

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