Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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Luxury Leather Goods in Japan
Luxury Leather Goods in Japan Luxury leather goods was severely impacted by the global pandemic in 2020, as stores were forced to close or reduce their opening hours during the state of emergency in April and May. Long-term border closures also made it difficult for the category to experience a soli ... Read More
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Luxury Hotels in Japan
Luxury Hotels in Japan Although the entire hospitality industry, including luxury hotels, endured 2020 with hopes for strong recovery of inbound tourism in 2021 due to the postponement of the Tokyo Olympic and Paralympic Games, this never came to fruition, as the Games were held with no audience. Th ... Read More
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Luxury Portable Consumer Electronics in Japan
Luxury Portable Consumer Electronics in Japan Whilst other personal luxury categories saw a significant hit from COVID-19 in 2020 and stagnated in 2021, due to their discretionary nature and limited occasions for going out, luxury portable consumer electronics posted healthy growth. However, it shou ... Read More
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Luxury Eyewear in Japan
Luxury Eyewear in Japan Sales of luxury eyewear saw a dramatic decline in 2020. Whilst luxury spectacle frames did not fare too badly, due to their essential nature, luxury sunglasses was one of the worst affected categories in luxury goods in 2020. This was due to the decimation of inbound and outb ... Read More
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Luxury Timepieces in Japan
Luxury Timepieces in Japan Sales of luxury timepieces experienced a significant current value decline in 2020. The category was particularly badly affected by store closures under the state of emergency in April and May and border closures. Under normal circumstances, this category achieves a signif ... Read More
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Luxury Writing Instruments and Stationery in Japan
Luxury Writing Instruments and Stationery in Japan COVID-19 had a strong negative impact on sales of writing instruments and stationery in 2020. This was against a background of the cancellation of ceremonies, decreased face-to-face business meetings and the decimation of inbound arrivals to the cou ... Read More
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Luxury Jewellery in Japan
Luxury Jewellery in Japan In 2020, luxury jewellery suffered a steep contraction in retail value sales due to the significant impact of store closures during the state of emergency in April and May. Long-term border closures also led to plummeting sales as the performance of luxury jewellery is heav ... Read More
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Luxury Timepieces in Brazil
Luxury Timepieces in Brazil The first half of 2020 brought unprecedented difficulties imposed by the COVID-19 pandemic. Stores had to remain closed and consumers had to go through quarantine periods that made the industry project some of the rarest prospects for luxury: negative results for the full ... Read More
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Luxury Leather Goods in Brazil
Luxury Leather Goods in Brazil Together with luxury jewellery and designer apparel and footwear, luxury leather goods experienced a turnaround during 2020. From the worst projections in the first half of the year to robust growth posted in the later months, luxury leather goods reached a positive ye ... Read More
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Luxury Jewellery in Brazil
Luxury Jewellery in Brazil In the first half of 2020, the uncertainties about the sanitary crisis were at their peak and stores had to be closed due to the quarantine period imposed amid the COVID-19 pandemic. However, in the second half of 2020, the numbers of contagion cases and deaths dropped sig ... Read More
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Luxury Eyewear in Brazil
Luxury Eyewear in Brazil Eyewear is one of the most affordable categories within the luxury environment. For this reason, eyewear’s sales performance tends to see a lower level of resilience in comparison to other luxury products. It is common that consumers who do not usually buy other luxury produ ... Read More
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Luxury Hotels in Brazil
Luxury Hotels in Brazil Luxury hotels suffered a strong impact with the drastic reduction in the flows of international tourists. For the first time in 97 years, Copacabana Palace, the most emblematic of Brazilian luxury hotels, temporarily closed its doors in 2020 due to the COVID-19 pandemic. Dome ... Read More
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Luxury Writing Instruments and Stationery in Brazil
Luxury Writing Instruments and Stationery in Brazil Despite the recovery seen by most luxury categories in 2020 and 2021 after the difficulties imposed by COVID-19, writing instruments could not see the same good results. As a very social category, the main segment of luxury pens is strongly connect ... Read More
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Experiential Luxury in Switzerland
Experiential Luxury in Switzerland In 2020, experiential luxury was hit extremely hard by the fallout from COVID-19. Experiential luxury in Switzerland depends to a great extent on tourism and the country’s status as an international business destination. The bans on travel put in place by the Swiss ... Read More
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Premium and Luxury Cars in Switzerland
Premium and Luxury Cars in Switzerland In 2020, retail volume sales of premium and luxury cars saw a double-digit decline. Car showrooms had to close during the pandemic, which had a significant negative impact, with consumers also reluctant to return even after reopening due to fear of infection. C ... Read More
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Luxury Jewellery in Switzerland
Luxury Jewellery in Switzerland Luxury jewellery saw significant retail volume and current value declines in 2020 due to COVID-19. The economic impact of the pandemic greatly reduced consumer confidence and non-essential spending, whilst the temporary closure of non-essential retail outlets was also ... Read More
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Personal Luxury in Switzerland
Personal Luxury in Switzerland Personal luxury saw significant retail volume and current value declines in 2020 as a result of COVID-19. The temporary closure of non-essential stores was key, as for many luxury goods consumers, the experiential pleasure of visiting a store is a key part of the purch ... Read More
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Luxury Portable Consumer Electronics in Switzerland
Luxury Portable Consumer Electronics in Switzerland Sales of luxury portable consumer electronics plummeted in 2020, with travel restrictions limiting the consumer base due to the lack of inbound tourists, and the temporary closure of non-essential retailers playing a significant part. However, the ... Read More
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Luxury Hotels in Switzerland
Luxury Hotels in Switzerland Luxury hotels was the most heavily impacted category within luxury goods in 2020. Value sales more than halved over the course of the year, despite the government’s efforts to relax restrictions on travel and reopen the economy. The single biggest factor in this decline ... Read More
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Luxury Eyewear in Switzerland
Luxury Eyewear in Switzerland The COVID-19 pandemic had a negative impact on sales of luxury eyewear in 2020, due to falling consumer confidence, and travel restrictions, which prevented many Swiss consumers from taking summer holidays abroad and thus limited demand. However, the decline was not as ... Read More
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Luxury Goods in Switzerland
Luxury Goods in Switzerland COVID-19 had a significant negative impact on sales of luxury goods in Switzerland in 2020, seeing a double-digit retail current value decline. Although sales of such products are driven by affluent consumers who are less likely to be impacted by recession, even these con ... Read More
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Luxury Writing Instruments and Stationery in Switzerland
Luxury Writing Instruments and Stationery in Switzerland The performance of luxury writing instruments and stationery was sluggish before the pandemic, with retail volume sales either static or declining. These products have been rendered obsolete for many consumers by the shift towards digital devi ... Read More
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Luxury Timepieces in Switzerland
Luxury Timepieces in Switzerland Luxury timepieces saw steep retail volume and current value declines in 2020 due to COVID-19. Outlet closures, the economic impact of the pandemic and fewer work and social occasions to wear these products due to home working and home seclusion all had a negative imp ... Read More
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Super Premium Beauty and Personal Care in Switzerland
Super Premium Beauty and Personal Care in Switzerland Sales of super premium beauty and personal care products fell in 2020 as a result of the pandemic, although the retail current value decline was far less acute than most other personal luxury categories, except luxury eyewear. The fall in sales w ... Read More
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Luxury Portable Consumer Electronics in the Philippines
Luxury Portable Consumer Electronics in the Philippines The COVID-19 crisis has severely impacted the luxury mobile phone category in the Philippine market. The Huawei Mate RS Porsche Design is typically offered in select Huawei experience stores and, in 2019, via the Platinum post-paid subscription ... Read More
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