Luxury Goods in India
In 2024, luxury goods in India is set to continue its momentum from the previous year, with projected double-digit retail current value growth, following an even more robust increase in 2023. The expansion of the aspirational middle-class is a crucial factor contributing to the growth of luxury goods in India. As disposable incomes rise, a larger segment of the population is eager to invest in premium products which signify success and social standing. This shift marks a broader cultural transfo...
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 2028 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
- October 2024
- List Of Contents And Tables
- LUXURY GOODS IN INDIA
- EXECUTIVE SUMMARY
- Luxury goods in 2024: The big picture
- 2024 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
- MARKET DATA
- Table 1 Sales of Luxury Goods by Category: Value 2019-2024
- Table 2 Sales of Luxury Goods by Category: % Value Growth 2019-2024
- Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
- Table 4 NBO Company Shares of Luxury Goods: % Value 2019-2023
- Table 5 LBN Brand Shares of Luxury Goods: % Value 2020-2023
- Table 6 Distribution of Luxury Goods by Format and Category: % Value 2024
- Table 7 Forecast Sales of Luxury Goods by Category: Value 2024-2029
- Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
- EXPERIENTIAL LUXURY IN INDIA
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Experiential getaways fuel double-digit growth in luxury hotels
- Indian Hotels leads the expansion of luxury hotels in emerging destinations
- Growing appetite for luxury stays, driven by elevated consumer aspirations
- PROSPECTS AND OPPORTUNITIES
- Luxury hotels to capitalise on corporate events for future growth
- Improved infrastructure and evolving consumer preferences will drive growth in luxury hotels
- Loyalty programmes poised to boost customer engagement and drive significant sales growth
- CATEGORY DATA
- Table 9 Sales of Experiential Luxury by Category: Value 2019-2024
- Table 10 Sales of Experiential Luxury by Category: % Value Growth 2019-2024
- Table 11 NBO Company Shares of Experiential Luxury: % Value 2019-2023
- Table 12 LBN Brand Shares of Experiential Luxury: % Value 2020-2023
- Table 13 Forecast Sales of Experiential Luxury by Category: Value 2024-2029
- Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2024-2029
- FINE WINES/CHAMPAGNE AND SPIRITS IN INDIA
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Premium spirits consumption dominated by Indian manufacturers
- Emergence of large-format retailers elevates India’s premium wine experience
- Demand is witnessed for imported wines from various countries
- PROSPECTS AND OPPORTUNITIES
- Companies will continue to struggle with their bottom line amidst inflationary pressures and their inability to set prices
- Millennials will continue to drive sales of luxury whiskies
- India likely to tighten regulations on surrogate advertising for alcohol brands amidst growing concerns over responsible marketing practices
- CATEGORY DATA
- Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2019-2024
- Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2019-2024
- Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2019-2023
- Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2020-2023
- Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2019-2024
- Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2024-2029
- Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2024-2029
- PREMIUM AND LUXURY CARS IN INDIA
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Premium and luxury cars poised for strong growth in 2024
- Mercedes-Benz continues to lead premium and luxury cars
- The rise of customisation and personalisation in luxury cars in India
- PROSPECTS AND OPPORTUNITIES
- Favourable economic landscape and easy financial solutions to favour the growth of premium and luxury cars
- Adoption of premium and luxury EVs set to surge, despite infrastructure hurdles
- Tier-2 and tier-3 cities emerging as spotlight markets for premium and luxury car brands
- CATEGORY DATA
- Table 22 Sales of Premium and Luxury Cars: Value 2019-2024
- Table 23 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
- Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
- Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
- Table 26 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
- Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029
- PERSONAL LUXURY IN INDIA
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Designer apparel and footwear (ready-to-wear)
- Luxury eyewear
- Luxury jewellery
- Luxury leather goods
- Luxury wearables
- Luxury timepieces
- Luxury writing instruments and stationery
- Super premium beauty and personal care
- PROSPECTS AND OPPORTUNITIES
- Rising consumer aspirations, along with favourable macroeconomic factors, to drive growth in personal luxury in India
- Diverse retail landscape will fuel the growth of luxury brands in India through strategic partnerships and innovative platforms
- Global luxury brands embrace Indianisation to enhance appeal and drive growth in personal luxury in India
- CATEGORY DATA
- Table 28 Sales of Personal Luxury by Category: Value 2019-2024
- Table 29 Sales of Personal Luxury by Category: % Value Growth 2019-2024
- Table 30 NBO Company Shares of Personal Luxury: % Value 2019-2023
- Table 31 LBN Brand Shares of Personal Luxury: % Value 2020-2023
- Table 32 Distribution of Personal Luxury by Format: % Value 2019-2024
- Table 33 Forecast Sales of Personal Luxury by Category: Value 2024-2029
- Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2024-2029
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