Luxury Goods in India
After the second wave of COVID-19 hit India in the first half of 2021, the pandemic was believed to be under control due to a rise in vaccination rates. Although the country experienced a third wave in early 2022 as a result of the Omicron variant of COVID-19 emerging, its impact was not prolonged. Hence, 2022 is proving to be significant in terms of recovery for luxury goods in India, as this is the first year since 2019 that consumers have been able to take domestic holidays, with both 2020 an...
Euromonitor International's Luxury Goods in India report offers a comprehensive guide to the size and shape of the Luxury Goods market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2026 illustrate how the market is set to change
Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Luxury Goods market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
- Luxury Goods in India
- Euromonitor International
- July 2022
- List Of Contents And Tables
- LUXURY GOODS IN INDIA
- EXECUTIVE SUMMARY
- Luxury goods in 2022: The big picture
- 2022 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
- MARKET DATA
- Table 1 Sales of Luxury Goods by Category: Value 2017-2022
- Table 2 Sales of Luxury Goods by Category: % Value Growth 2017-2022
- Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
- Table 4 NBO Company Shares of Luxury Goods: % Value 2017-2021
- Table 5 LBN Brand Shares of Luxury Goods: % Value 2018-2021
- Table 6 Distribution of Luxury Goods by Format and Category: % Value 2022
- Table 7 Forecast Sales of Luxury Goods by Category: Value 2022-2027
- Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
- EXPERIENTIAL LUXURY IN INDIA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Recovery of domestic tourism for leisure benefits experiential luxury
- International travel remains impacted due to war in Ukraine and China’s “Zero-COVID” policy
- Luxury business hotels continue to diversify their offer
- PROSPECTS AND OPPORTUNITIES
- Meetings, incentives, conventions and exhibitions (MICE) and sporting events to aid recovery of experiential luxury
- Forecast period to experience growth in spiritual tourism
- Tier II and III cities offer strong potential
- CATEGORY DATA
- Table 9 Sales of Experiential Luxury by Category: Value 2017-2022
- Table 10 Sales of Experiential Luxury by Category: % Value Growth 2017-2022
- Table 11 NBO Company Shares of Experiential Luxury: % Value 2017-2021
- Table 12 LBN Brand Shares of Experiential Luxury: % Value 2018-2021
- Table 13 Forecast Sales of Experiential Luxury by Category: Value 2022-2027
- Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027
- FINE WINES/CHAMPAGNE AND SPIRITS IN INDIA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Stabilisation of pandemic in India results in recovery for on-trade sales
- State governments announce rise in prices
- Retailers focus on offering experience to increase sales
- PROSPECTS AND OPPORTUNITIES
- Retailers expected to take a female-centric approach to selling wine
- Recovery of international travel to bring shift in distribution
- Millennials expected to drive future direction of spirits
- CATEGORY DATA
- Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022
- Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022
- Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021
- Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021
- Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022
- Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027
- Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027
- PREMIUM AND LUXURY CARS IN INDIA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Electric vehicles (EVs) experience rise in adoption
- Supply chain constraints in terms of procurement of semiconductor chips slows recovery
- Demand for pre-owned luxury cars continues to surge
- PROSPECTS AND OPPORTUNITIES
- Rise in wealthy adults to support demand for premium and luxury cars
- Sport utility vehicles (SUVs) to dominate luxury cars
- Aspirational consumers across age and geography to drive demand for premium and luxury cars
- CATEGORY DATA
- Table 22 Sales of Premium and Luxury Cars: Value 2017-2022
- Table 23 Sales of Premium and Luxury Cars: % Value Growth 2017-2022
- Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021
- Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021
- Table 26 Forecast Sales of Premium and Luxury Cars: Value 2022-2027
- Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027
- PERSONAL LUXURY IN INDIA
- KEY DATA FINDINGS
- 2022 DEVELOPMENTS
- Designer apparel and footwear (ready-to-wear) experiences solid comeback, but challenges loom
- Luxury eyewear recovers but supply chain constraints remain
- Festivals and weddings support year-on-year growth for luxury jewellery
- Recovery of mobility supports both domestic tourism and luxury leather goods
- Demand for luxury wearables electronics increases as Indians increasingly aware of maintaining healthy lifestyles
- Luxury timepieces experiences gradual recovery as affluent consumers see little impact on incomes
- Luxury writing instruments experiences improving sales in a digital age
- Super premium beauty and personal care continues to recover
- PROSPECTS AND OPPORTUNITIES
- Strong opportunity for personal luxury to attract younger generations
- Expansion of online presence will make personal luxury more accessible to consumers in smaller cities
- Sustainability to gather momentum over forecast period
- CATEGORY DATA
- Table 28 Sales of Personal Luxury by Category: Value 2017-2022
- Table 29 Sales of Personal Luxury by Category: % Value Growth 2017-2022
- Table 30 NBO Company Shares of Personal Luxury: % Value 2017-2021
- Table 31 LBN Brand Shares of Personal Luxury: % Value 2018-2021
- Table 32 Distribution of Personal Luxury by Format: % Value 2017-2022
- Table 33 Forecast Sales of Personal Luxury by Category: Value 2022-2027
- Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2022-2027
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