Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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Premium and Luxury Cars in Thailand
Premium and Luxury Cars in Thailand Many physical events were cancelled or postponed as a result of the COVID-19 crisis. As a result, car companies introduced alternatives in order to adapt to the dramatic change in market conditions, stay connected with consumers and maintain brand awareness. For i ... Read More
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Premium and Luxury Cars in Malaysia
Premium and Luxury Cars in Malaysia Retail constant value sales (2022 prices) of premium and luxury cars continued to rebound during 2022 but remained well below their pre-pandemic peak. Apart from a more stable economic environment, this recovery was supported the temporary elimination of sales tax ... Read More
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Experiential Luxury in India
Experiential Luxury in India Another wave of COVID-19 in 2022 has remained largely stable and under control in India. This is resulting in a notable rise in the number of Indians taking domestic leisure trips, which they had missed out on in 2020 and largely in 2021 due to two major pandemic waves. ... Read More
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Experiential Luxury in Thailand
Experiential Luxury in Thailand The restrictions imposed on inbound tourism by the Thai Government in an effort to limit the spread of COVID-19 had a severe negative impact on the travel industry, including hotels. The improved performance expected in 2022, with luxury hotels returning to growth, is ... Read More
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Personal Luxury in Mexico
Personal Luxury in Mexico Personal luxury is highly seasonal in many categories, with manufacturers usually planning ahead for the introduction and manufacturing of new products for the upcoming periods. The further easing of restrictions in 2022 represents an opportunity for consumers to catch up o ... Read More
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Premium and Luxury Cars in Indonesia
Premium and Luxury Cars in Indonesia Demand for premium and luxury cars has recovered swiftly from the pandemic, with retail volume sales exceeding their 2019 level in 2021 and continuing to expand at a double-digit rate during 2022. Indeed, retail volume sales exceeded their 2017 peak during the ye ... Read More
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Luxury Goods in Indonesia
Luxury Goods in Indonesia Luxury goods was one of the categories hardest hit in Indonesia by COVID-19 restrictions. The fact that sales of luxury goods are reliant on the premium retail experience became a major Achilles’ heel for the entire industry, as many people remained very reluctant to visit ... Read More
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Experiential Luxury in Indonesia
Experiential Luxury in Indonesia Having plunged by almost two thirds during 2020 due to COVID-19 restrictions, retail constant value sales (2022 prices) of experiential luxury began to recover in 2021, and this process accelerated in 2022. However, they remained well below their pre-pandemic peak. T ... Read More
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Personal Luxury in Indonesia
Personal Luxury in Indonesia Having declined at a double-digit rate in 2020 due to pandemic restrictions and the economic shock they engendered, retail constant value sales of designer apparel and footwear (ready-to-wear) began to rebound during 2021, and this process continued into 2022 – albeit at ... Read More
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Premium and Luxury Cars in Singapore
Premium and Luxury Cars in Singapore The demand for premium and luxury cars had been previously growing due to the greater desire to display one’s social status and wealth in Singapore, especially with the advent of social media platforms such as Instagram and TikTok. Despite notable declines in 202 ... Read More
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Experiential Luxury in Singapore
Experiential Luxury in Singapore A return to strong growth for experiential luxury was evident in 2021 with further momentum expected over 2022. 2021 witnessed an increase in tourist numbers into Singapore due to the Vaccinated Travel Lane scheme with other participating countries and the relaxation ... Read More
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Personal Luxury in Spain
Personal Luxury in Spain Having plunged by more than a quarter during 2020, retail constant value sales (2022 prices) of designer apparel and footwear (ready to wear) began to recover in 2021, with this trend continuing into 2022. Nonetheless, retail constant value sales remained well below their pr ... Read More
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Luxury Goods in Singapore
Luxury Goods in Singapore Luxury goods in Singapore is set to experience further significant current value growth in 2022, following notable declines in 2020, in the first year of the pandemic. This is largely attributed to the effects brought about by the encouraging vaccination and booster rates, ... Read More
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Personal Luxury in Singapore
Personal Luxury in Singapore E-commerce continues to demonstrate substantial growth, supported by the vast launches of luxury online stores. Despite the relaxation of safe management measures in Singapore, the strong movement towards e-commerce which was seen in the early stages of the pandemic has ... Read More
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Luxury Goods in Spain
Luxury Goods in Spain Retail constant value sales (2022 prices) of luxury goods grew for the first time in three years during 2022 but remained well below their pre-pandemic level. The performance of luxury goods in Spain depends to a large extent on tourists visiting from Asian and Latin American c ... Read More
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Premium and Luxury Cars in Spain
Premium and Luxury Cars in Spain Retail volume sales of premium luxury and cars rose for the first time in four years during 2022. There is a growing sense among some local consumers that life is short and should be enjoyed, which is supporting demand for indulgence and conspicuous consumption. In p ... Read More
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Experiential Luxury in Spain
Experiential Luxury in Spain In 2021 home care sales slowed after experiencing above average growth in 2020 due to the onset of COVID-19. Despite the popularity of traditional alternatives and high poverty levels in the country, population growth, retailing development and urbanisation are boosting ... Read More
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Experiential Luxury in China
Experiential Luxury in China Experiential luxury in China has been suffering from travel restrictions and snap lockdowns advised by the government’s zero-COVID policy in 2022. Although set to maintain solid growth in the year overall, the momentum in the category is expected to witness a slowdown du ... Read More
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Premium and Luxury Cars in the United Kingdom
Premium and Luxury Cars in the United Kingdom Premium and luxury cars suffered significant losses during the pandemic. In 2020, retail volume sales fell by 26% in the UK, with most major companies struggling. The exceptions were Porsche and Tesla, the latter of which bucked the trend with double-dig ... Read More
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Premium and Luxury Cars in China
Premium and Luxury Cars in China Since 2021, premium and luxury cars has been affected by the ongoing COVID-19 pandemic and the supply disruptions it brought about, with chip supply shortages especially affecting this category. Despite the adverse impact of chip shortages and the high prices of raw ... Read More
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Experiential Luxury in the United Kingdom
Experiential Luxury in the United Kingdom The pandemic devastated demand for experiential luxury in the UK. Lockdowns led to hotels and foodservice outlets being closed for much of 2020 and 2021, or having to operate under strict restrictions. This directly prevented consumers from being able to spe ... Read More
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Personal Luxury in the United Kingdom
Personal Luxury in the United Kingdom In 2022, designer apparel and footwear (ready-to-wear) players continue to benefit from consumers embracing a “new normal” after two years of lifestyle disruptions as a result of the COVID-19 pandemic. As consumers socialise, return to offices, and travel once m ... Read More
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Personal Luxury in China
Personal Luxury in China Designer apparel and footwear achieved exceptional current value growth in 2021, with bricks-and-mortar stores resuming their operations. However, the regional lockdowns in early 2022 due to the Omicron outbreak, which has spread to many regions across China, will hurt sales ... Read More
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Luxury Goods in the United Kingdom
Luxury Goods in the United Kingdom Luxury goods is set to experience double-digit current value growth in 2022 as the UK has lifted its pandemic-related restrictions. The return to more normal levels of lifestyles is leading to a more positive outlook which is boosting consumer confidence to make di ... Read More
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Luxury Goods in China
Luxury Goods in China Luxury goods had a promising start in China in 2022, with leading luxury goods conglomerates continuing their robust growth in the first quarter, and encouraging results reported. However, in the second quarter it was faced with high uncertainty, given the rapid spread of the O ... Read More
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