Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
-
Personal Luxury in the US
Personal Luxury in the US by the pandemic, experiencing a significant current value decline in 2020, but delivered healthy growth in 2021. However, its recovery lagged some other personal luxury categories, which had higher investment and resale values, but relied less on expenditure by internationa ... Read More
-
Experiential Luxury in the US
Experiential Luxury in the US By mid-2022, most US states had dropped COVID-19-related restrictions, with several putting limits on vaccine mandates. As consumers have gradually returned to their pre-pandemic lives throughout 2022, experiential luxury is set to register another step forward towards ... Read More
-
Luxury Goods in the US
Luxury Goods in the US After seeing a strong negative impact from the COVID-19 pandemic in 2020, luxury goods delivered strong growth and full recovery to the pre-pandemic (2019) level of sales in 2021, driven by the successful rollout of vaccines across the US, the removal of COVID-19-related face ... Read More
-
Premium and Luxury Cars in the US
Premium and Luxury Cars in the US Despite the sharp decline in sales of premium and luxury cars in 2020, sales boomed throughout 2021, as wealthy people became wealthier, and the remaining pandemic-related restrictions limited consumers’ need for and spending on other luxury goods, such as experient ... Read More
-
Survival of the Fittest in Luxury and Fashion
Survival of the Fittest in Luxury and Fashion Luxury and fashion players are facing a deeply transformed consumer and retail landscape post-Coronavirus (COVID-19). Survival and recovery strategies are likely to revolve around agile adaptability and a careful review of legacy standard operating proce ... Read More
-
Luxury Jewellery in Germany
Luxury Jewellery in Germany Luxury jewellery witnessed strong current value growth in 2021, after seeing a significant decline in 2020 due to the COVID-19 pandemic. Luxury costume jewellery, or luxury fashion jewellery as it can also be referred to, performed particularly well, with demand for such ... Read More
-
Luxury Hotels in Germany
Luxury Hotels in Germany Luxury hotels saw a considerably different performance in 2021 when compared with 2020. While in 2020, as the pandemic spread rapidly through the country, there were hard lockdowns and overall restrictions during most of the year, in 2021 there was a softening of these restr ... Read More
-
Luxury Portable Consumer Electronics in Germany
Luxury Portable Consumer Electronics in Germany Luxury mobile phones saw another year of significant decline in Germany in 2021, losing almost half of its volume sales in comparison with 2020. This was a continuation of an ongoing trend, which was accelerated by the outbreak of the pandemic in 2020. ... Read More
-
Luxury Goods in Germany
Luxury Goods in Germany Luxury goods rebounded strongly in Germany in 2021, seeing double-digit current value growth, following a strong decline in 2020 due to the impact of COVID-19. Despite overall value sales still not returning to the pre-pandemic level, the stronger than initially expected reco ... Read More
-
Premium and Luxury Cars in Germany
Premium and Luxury Cars in Germany Sales of premium and luxury cars were inevitably hit hard by the pandemic in 2020, as many car manufacturers operated at lower capacity and showrooms were closed for business during the lockdown measures. On the consumer side, economic uncertainty forced some peopl ... Read More
-
Luxury Writing Instruments and Stationery in Germany
Luxury Writing Instruments and Stationery in Germany After a completely disrupted year in 2020, when market circumstances and therefore consumer behaviour changed rapidly and left most players without a concrete action plan, 2021 started in a similar way, with lockdowns being imposed across the coun ... Read More
-
Luxury Timepieces in Germany
Luxury Timepieces in Germany Luxury timepieces performed better in 2021 when compared with the previous year. Despite the enforced lockdowns around Germany at the beginning of the year, and then further restrictions on bricks-and-mortar retailing in an attempt to control the pandemic, luxury timepie ... Read More
-
Experiential Luxury in Germany
Experiential Luxury in Germany With sales coming mostly from luxury hotels, 2020 was a very difficult year for experiential luxury, due to the huge drop in inbound travellers to Germany. As vaccination programmes got underway, there was a degree of return of inbound tourists, as well as business tri ... Read More
-
Personal Luxury in Germany
Personal Luxury in Germany After a year of seeing a worse performance than many other categories within personal luxury in 2020, luxury leather goods performed strongly in Germany in 2021, seeing a double-digit current value increase. In part, this above-average performance can be attributed to the ... Read More
-
Luxury Eyewear in Germany
Luxury Eyewear in Germany 2021 was a much more positive year for luxury eyewear, as all categories rebounded to growth, starting the recovery process. This proves that eyewear remains an essential item for consumers. One of the factors supporting the positive performance of luxury eyewear was workin ... Read More
-
Luxury Eyewear in South Africa
Luxury Eyewear in South Africa The lack of inbound tourists and travel bans continued to adversely impact sales of luxury eyewear in South Africa in 2021, with the category recording another year of double-digit retail volume growth, while value declines were much lower in comparison to 2020’s slump ... Read More
-
Premium and Luxury Cars in South Africa
Premium and Luxury Cars in South Africa Demand for premium and luxury cars notably declined in South Africa in 2020 as the pandemic began to take an economic toll on aspirational consumers. Unlike high net-worth individuals who are fairly price inelastic, consumers in the upper-income aspirational b ... Read More
-
Luxury Jewellery in South Africa
Luxury Jewellery in South Africa Demand for luxury jewellery continued to drop in South Africa in 2021 following double-digit declines recorded by the category the previous year due to the pandemic. Ongoing non-essential store closures during hard lockdowns and consumers’ unwillingness to visit stor ... Read More
-
Personal Luxury in South Africa
Personal Luxury in South Africa Demand for personal luxury had already significantly suffered as a result of the pandemic in South Africa in 2020, as various measures introduced by the government to control the spread of the virus meant that stores selling personal luxury goods such as clothing, jew ... Read More
-
Luxury Hotels in South Africa
Luxury Hotels in South Africa The emergence of the pandemic in South Africa led to double-digit declines for luxury hotels in 2020, followed by a further drop in sales in 2021. Interprovincial and international restrictions due to various lockdowns to stop the spread of the virus, and the emergence ... Read More
-
Luxury Leather Goods in South Africa
Luxury Leather Goods in South Africa Luxury leather goods continued to be adversely impacted by the lingering effects of the pandemic in 2021, with the category recording another year of double-digit volume and current value declines, exacerbating an already weak performance from the previous year. ... Read More
-
Luxury Timepieces in South Africa
Luxury Timepieces in South Africa Among other measures, stores selling non-essential goods were closed when the pandemic first emerged in South Africa, negatively impacting sales of luxury timepieces in 2020. Even when these stores reopened, they tend be high contact, and many consumers avoided shop ... Read More
-
Luxury Portable Consumer Electronics in South Africa
Luxury Portable Consumer Electronics in South Africa Although luxury portable consumer electronics witnessed retail volume and current value declines in 2019, these were minor compared with the massive falls in sales experienced in 2020, and the further weak performance recorded by the category in 2 ... Read More
-
Luxury Writing Instruments and Stationery in South Africa
Luxury Writing Instruments and Stationery in South Africa Demand for luxury writing instruments and stationery was already gradually waning in South Africa prior to the emergence of the pandemic, in line with a general trend for digitalisation. Nevertheless, luxury writing instruments are seen as st ... Read More
-
Luxury Foodservice in Japan
Luxury Foodservice in Japan In 2021, the impacts of COVID-19 continued, with many consumers continuing to avoid unnecessary outings and remaining secluded at home for much of the time. Mainstream consumer foodservice foodservice players showed dynamic growth in the review period by going down the ta ... Read More
Research Assistance
