Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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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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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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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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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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Luxury Goods in Sweden
Luxury Goods in Sweden Luxury goods is seeing positive gains in Sweden in 2024, despite a challenging economic climate and rising financial uncertainty. Indeed, it is reported that around a third of local consumers have cited concerns about their financial situation due to higher debts and lower sav ... Read More
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Premium and Luxury Cars in Poland
Premium and Luxury Cars in Poland Premium and luxury cars has been the most dynamic area of luxury goods in Poland in 2024, recording double-digit growth in retail value and volume terms. Despite efforts from the government to encourage consumers to switch to electric and hybrid vehicles most Polish ... Read More
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Luxury Goods in Poland
Luxury Goods in Poland Sales of luxury goods have seen strong growth in current value terms in 2024, with most categories reporting positive growth. While bookings at luxury hotels have still not fully recovered to pre-pandemic levels the category has still seen strong in 2024. Premium and luxury ca ... Read More
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Personal Luxury in China
Personal Luxury in China Retail current value sales of designer apparel and footwear (ready-to-wear) in China are rising by 5% to stand at CNY93.78 billion in 2024 primarily boosted by sales of designer apparel. Growth is thanks to inflation and successful marketing that appeals to wealthy consumers ... Read More
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Experiential Luxury in China
Experiential Luxury in China Experiential luxury in China is benefitting from recovered tourist arrivals in 2024, despite economic pressures including rapidly rising living costs. Consumers continue to shift towards spending more money on meaningful and rewarding experiences and activities than on m ... Read More
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Personal Luxury in the Philippines
Personal Luxury in the Philippines Designer apparel and footwear (ready-to-wear) is increasingly incorporating digitisation in the Philippines in 2024, such as seen with Dior optimising 3D printing to amplify intricate designs and modernise its image. Hermès is also incorporating new printed designs ... Read More
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Luxury Goods in China
Luxury Goods in China Retail value sales of luxury goods in China are rising by 4% in 2024 in current terms, to stand at CNY3.26 trillion. Growth in sales is fuelled by consumers’ increased desire to live in the moment and enjoy life, as well as rising interest in purchasing luxury goods as investme ... Read More
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Experiential Luxury in Hong Kong, China
Experiential Luxury in Hong Kong, China Experiential luxury is set to see a modest rise of 3% in retail value sales in current terms in Hong Kong in 2024, to reach HKD15.6 billion. Value sales declined by 70% to HKD3.8 billion in 2020, but by 2023 had exceeded their pre-pandemic level of HKD12.7 bil ... Read More
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Experiential Luxury in Singapore
Experiential Luxury in Singapore In 2024, experiential luxury grew by a significant 17% to reach sales of SGD1.9 billion, boosted by wealthier individuals investing in travel and hotel breaks, with pent-up demand following COVID-19 continuing to shape the trend towards experiences above goods. Value ... Read More
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Luxury Goods in the Philippines
Luxury Goods in the Philippines Luxury goods in the Philippines is being supported by ongoing urbanisation in the country in 2024. Alongside the urbanisation trend, we are seeing increases in consumer spending and purchasing power, alongside growth in the number of premium retail outlets and luxury ... Read More
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Personal Luxury in Singapore
Personal Luxury in Singapore Retail value sales of designer apparel and footwear (ready-to-wear) rose by 4% to reach SGD1.3 billion in 2024, primarily driven by sales of women’s designer apparel (ready-to-wear), which recorded sales of SGD712 million. Euromonitor International's Personal Luxury in S ... Read More
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Premium and Luxury Cars in Hong Kong, China
Premium and Luxury Cars in Hong Kong, China Value sales of premium and luxury cars are set to grow by 8% in current terms in Hong Kong in 2024 to total HKD16.1 billion. This will represent a return to growth, with sales having fallen dramatically in 2023 after two years of exceptionally strong growt ... Read More
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Premium and Luxury Cars in China
Premium and Luxury Cars in China Current value sales of premium and luxury cars are up by 3% to total CNY1.929 billion in China in 2024, thanks to persistent demand from higher-income consumers, with expenditure proving resilient in the face of macroeconomic headwinds. Wealth determines the degree o ... Read More
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