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January to March 2024 Article ID: NSS8469 Impact Factor:7.60 Cite Score:46250 Download: 303 DOI: https://doi.org/10 View PDf
Role of Emotional Branding in Shaping Consumer Behavior in Luxury Goods Market
Dr. Preeti Anand Udaipure
Assistant Professor, Govt. Narmada College, Narmadapuram( M.P.)
Abstract: This
study investigates how emotional branding influences consumer behavior in the
market for luxury products. It looks into how luxury firms use emotional
branding techniques and how it affects consumer attitudes and perceptions of
luxury goods through a mixed-methods study approach. To acquire insights into
emotional branding strategies and customer emotional connections with luxury
brands, qualitative methodologies are used, such as in-depth interviews with
marketing professionals and focus group talks with luxury consumers.
Quantitative questionnaires given to a sample of high-end customers look at
their opinions on brands, personalities, buy intentions, brand loyalty, and
their readiness to pay premium pricing. Regression analysis is one statistical
analysis technique used to examine the connections between consumer behavior metrics
and emotional branding variables. The study's conclusions deepen our knowledge
of how emotions play a part in premium branding and customer decision-making.
Keywords: Emotional branding,
Consumer behaviour, Luxury goods, Luxury products, Market, Consumers.