Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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Personal Luxury in Indonesia
Personal Luxury in Indonesia Collaboration has become a prominent strategy that has been observed among luxury brands and it had a significant impact on designer apparel and footwear (ready-to-wear) in 2024. These partnerships mainly included a mix of luxury brands and more accessible brands and cel ... Read More
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Experiential Luxury in Indonesia
Experiential Luxury in Indonesia According to the Ministry of Tourism and Creative Economy, the number of international tourists visiting Indonesia in 2024 saw double-digit growth compared to 2023. The key source markets were other ASEAN countries like Singapore and Malaysia, as well as visitors fro ... Read More
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Premium and Luxury Cars in Indonesia
Premium and Luxury Cars in Indonesia Sales of premium and luxury cars in Indonesia saw strong growth in 2023, although broader economic uncertainties and a cooling consumer demand were seen towards the end of the year. Despite this, sales of premium and luxury cars continued to deliver double-digit ... Read More
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Luxury Goods in Indonesia
Luxury Goods in Indonesia Sales of luxury goods in Indonesia saw a robust performance in 2024 supported by an economic recovery and healthy GDP growth. The number of High Net Worth Individuals (HNWIs) and Ultra High Net Worth Individuals (UHNWIs) in the country is rising while there was also an incr ... Read More
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Experiential Luxury in Switzerland
Experiential Luxury in Switzerland Experiential luxury has continued to double-digit growth in current value terms in 2024 as the market continued to recover from the negative effects of COVID-19. Sales have also benefited from an improvement in the Swiss economy. Nevertheless, the war in Ukraine an ... Read More
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Premium and Luxury Cars in Switzerland
Premium and Luxury Cars in Switzerland Sales of premium and luxury cars have declined in current value and retail volume terms in 2024. This represents two opposing trends in Switzerland whereby the demand for high-end, energy and fuel efficient cars that offer a higher level of comfort and safety k ... Read More
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Luxury Goods in Switzerland
Luxury Goods in Switzerland Switzerland’s economy has seen a moderate recovery in 2024 with low GDP growth. This provided a boost to consumer confidence although many consumers remain conservative in their non-essential spending. The performance of luxury goods has reflected this trend in 2024 with ... Read More
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Personal Luxury in Switzerland
Personal Luxury in Switzerland Designer apparel and footwear (ready to wear) has seen only modest growth in retail volume terms in 2024 while seeing more moderate growth in current value terms due to an increase in unit prices. Although the Swiss economy started to show signs of recovery in 2024 wit ... Read More
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Personal Luxury in the US
Personal Luxury in the US Designer apparel and footwear (ready-to-wear) in the US is expected to continue to lag behind the retail current value growth in the broader personal luxury category in 2024, despite continuing to account for the highest sales. In 2024, it is expected to see a modest 2% inc ... Read More
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Premium and Luxury Cars in the US
Premium and Luxury Cars in the US Premium and luxury cars in the US is set to maintain double-digit retail current value growth in 2024. Tesla Inc was the clear leader in premium and luxury cars in 2023. Its share of retail value sales went from 19% in 2021 to 33% in 2022. However, in 2023 Tesla’s s ... Read More
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Luxury Goods in the US
Luxury Goods in the US Retail current value sales of luxury goods are set to continue to grow in the US in 2024. Although growth is expected to remain solid, it will be slightly slower than in 2023, impacted by both global and local factors which are leading consumers to become more cautious. Intern ... Read More
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Experiential Luxury in the US
Experiential Luxury in the US The robust bounce-back in global travel has continued in 2024, marking a significant milestone, as travel flows are set to surpass the pre-COVID-19 level for the first time. The US ranks first in the World Economic Forum Travel & Tourism Development Index 2024, which is ... Read More
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Experiential Luxury in Australia
Experiential Luxury in Australia As wealthier consumers increasingly prioritise the pursuit of richer and more authentic experiences, instead of the acquisition of material objects, experiential luxury in Australia continues to register a robust performance in 2024. In part a response to peak consum ... Read More
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Premium and Luxury Cars in Australia
Premium and Luxury Cars in Australia The economic downturn, cost-of-living pressures, higher interest rates and resultant slowdown in consumer spending has finally impacted demand for premium and luxury cars in Australia. General market deliveries declined for the first time in June 2024, according ... Read More
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Personal Luxury in Australia
Personal Luxury in Australia While retail value sales of designer apparel (ready-to-wear) in Australia continue to rise in 2024 (to reach AUD2.7 billion), retail volumes are fairly flat. Men’s designer apparel retail value sales growth (7%) is outpacing that of the women’s segment (3%), albeit from ... Read More
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Luxury Goods in Australia
Luxury Goods in Australia Retail value sales of luxury goods in Australia are notably slowing in 2024 compared to the double-digit growth rates of the previous two years. Nevertheless, growth is largely driven by premiumisation, as discerning shoppers become even more finely tuned to the timeless qu ... Read More
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Premium and Luxury Cars in South Africa
Premium and Luxury Cars in South Africa Premium and luxury cars continued to see strong growth in current value and retail volume terms in South Africa in 2024. A more stable rate of inflation in the country, alongside the growing number of affluent consumers has helped to sustain a healthy demand f ... Read More
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Personal Luxury in South Africa
Personal Luxury in South Africa Designer apparel and footwear (ready-to-wear) continues to record steady growth in current value terms in 2024, with designer apparel performing slightly better than designer footwear. Hugo Boss continues to be the leading player on the South African market, followed ... Read More
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Premium and Luxury Cars in Sweden
Premium and Luxury Cars in Sweden Premium and luxury cars remains a strong category in Sweden in 2024, despite overall economic uncertainty, inflationary pressures, and a weak local currency. This can also be evidenced by the fact that the leading players in luxury goods are also those who sell luxu ... Read More
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Personal Luxury in Sweden
Personal Luxury in Sweden Designer apparel and footwear (ready-to-wear) is only managing to achieve small value sales in Sweden in 2024. This is attributed to challenging economic conditions, characterised by rising inflation, high interest rates, weakening currencies, and stagnating employment, whi ... Read More
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Personal Luxury in Poland
Personal Luxury in Poland Sales of designer apparel and footwear (ready-to-wear) have seen steady growth in current value and retail volume terms in Poland in 2024. Women’s designer apparel has been one of the best performing categories in both value and volume terms in 2024 with some women looking ... Read More
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Experiential Luxury in Sweden
Experiential Luxury in Sweden Experiential luxury is seeing healthy value sales in 2024, which are slightly up from those reported for 2023. A key driver for this comes from inbound tourism, mainly from neighbouring Nordic countries such as Denmark, Finland and Norway, followed by Germany, Poland, a ... Read More
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Experiential Luxury in Poland
Experiential Luxury in Poland Experiential luxury has seen strong growth in 2024 having already seen a recovery to pre-pandemic sales levels in current value terms. This strong growth has been mainly driven by the strong growth and recovery of international tourism, mainly from Germany, the UK, the ... Read More
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Experiential Luxury in South Africa
Experiential Luxury in South Africa Luxury hotels has continued to post dynamic growth in current value terms in South Africa in 2024, with sales recovering to and exceeding pre-pandemic levels. Bookings have recovered as the country’s tourism industry is now back on track following the sharp declin ... Read More
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Luxury Goods in South Africa
Luxury Goods in South Africa Luxury goods in South Africa has continued to record steady growth in current value terms in 2024 albeit at a slower pace than in 2023. More stable rates of inflation, combined with a rise in the number of affluent South Africans and the booming tourism industry in the c ... Read More
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