Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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Premium and Luxury Cars in the United Arab Emirates
Premium and Luxury Cars in the United Arab Emirates Premium and luxury cars in the United Arab Emirates recorded three consecutive years of strong double-digit retail volume and value growth between 2021 and 2023, driven by an influx of high net worth individuals. While growth is notably slower in 2 ... Read More
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Experiential Luxury in Spain
Experiential Luxury in Spain Although luxury foodservice continues to account for negligible sales in Spain, experiential luxury is set to maintain double-digit retail current value growth in 2024, due to the strength of luxury hotels. Even after surpassing the pre-pandemic level of inbound arrivals ... Read More
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Luxury Goods in Spain
Luxury Goods in Spain With basic goods seeing rising prices, and interest rates still high, which impacts the majority of Spaniards, who have a mortgage, the average disposable income has been declining in Spain. This has resulted in consumers showing a keenness to save, which in some cases is resul ... Read More
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Premium and Luxury Cars in Italy
Premium and Luxury Cars in Italy While value sales of premium and luxury cars in Italy fully recovered to surpass pre-pandemic levels in 2023 due to the high value of these items, overall demand is expected to recover over 2024. Wealth determines the degree of demand that exists for premium and luxu ... Read More
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Personal Luxury in Italy
Personal Luxury in Italy Although overall demand for designer apparel and footwear (ready-to-wear) in Italy remains below pre-pandemic levels in 2024, the category continues to perform positively, with value sales of these high-end items returning to 2019 levels. The category is expected to continue ... Read More
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Experiential Luxury in Italy
Experiential Luxury in Italy In 2024, experiential luxury in Italy continues to perform positively, in terms of the rising number of hotels and overall value sales. A positive trend is evident in both luxury foodservice and luxury hotels, and can be linked to the strong rebound of tourism in Italy p ... Read More
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Experiential Luxury in the United Arab Emirates
Experiential Luxury in the United Arab Emirates The performance of experiential luxury in the United Arab Emirates remains dynamic, although there is a deceleration of growth. Value sales of experiential luxury grew by double digits to total AED8 billion in the first half of 2024. Much of this growt ... Read More
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Luxury Goods in Romania
Luxury Goods in Romania Retail current value sales of luxury goods in Romania will rise by 9% in 2024, set to reach sales of RON11.4 billion. The landscape is performing well despite the challenging economic situation in the country, with affluent consumers willing to invest in experiences, timeless ... Read More
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Luxury Goods in India
Luxury Goods in India In 2024, luxury goods in India is set to continue its momentum from the previous year, with projected double-digit retail current value growth, following an even more robust increase in 2023. The expansion of the aspirational middle-class is a crucial factor contributing to the ... Read More
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Personal Luxury in Romania
Personal Luxury in Romania Retail current value sales of designer apparel and footwear (ready-to-wear) is set to rise by 2% in 2024, reaching sales of RON1.3 billion. This performance is driven primarily by designer apparel (ready-to-wear), with women's apparel totalling RON573 million. Romania rema ... Read More
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Experiential Luxury in Romania
Experiential Luxury in Romania Retail value sales for experimental luxury will record double-digit retail value growth in 2024, driven by the luxury hotel landscape. Due to the outbreak of COVID-19 and associated closures and restrictions, retail current value sales decreased by 69% in 2020, to fall ... Read More
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Premium and Luxury Cars in India
Premium and Luxury Cars in India Within luxury goods, premium and luxury cars dominates in India – expected to account for over 40% of overall value sales in 2024. Premium and luxury cars has also been experiencing a remarkable uptick in sales in India, and in 2024 it is set to continue its double-d ... Read More
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Experiential Luxury in India
Experiential Luxury in India In 2024, luxury hotels in India is expected to experience double-digit retail current value growth, driven by the rising trend of experiential travel. Consumers are increasingly seeking immersive experiences rather than just a place to stay; they want to spend quality ti ... Read More
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Personal Luxury in India
Personal Luxury in India In 2024, designer apparel and footwear is expected to maintain similar solid retail current value growth momentum to that seen the previous year. Women’s designer apparel accounts for the highest share of sales, and is also set to remain the fastest growth category in 2024. ... Read More
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Premium and Luxury Cars in Romania
Premium and Luxury Cars in Romania Retail current value sales of premium and luxury cars will rise by a substantial 13% in 2024. This significant growth highlights that, despite inflation and the challenging macroeconomic environment, the luxury car market in Romania is continuing to grow. Affluent ... Read More
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Luxury Goods in the Netherlands
Luxury Goods in the Netherlands Luxury goods continues to see solid growth in current value terms in 2024. A slowdown in the Dutch economy has negatively impacted consumer confidence with more people adopting a cautious attitude towards spending. However, luxury goods has performed better than many ... Read More
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Personal Luxury in Turkey
Personal Luxury in Turkey The market for personal luxury in Turkey is set to continue its rapid expansion in current value terms in 2024, driven largely by designer apparel and footwear (ready-to-wear). While this is largely due to an increase in unit prices attributed to inflation, another signific ... Read More
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Premium and Luxury Cars in Canada
Premium and Luxury Cars in Canada In 2024, premium and luxury car sales experienced healthy growth despite challenges in the broader car market caused by economic headwinds. Canadian consumers faced a higher cost of living and elevated interest rates, particularly affecting essentials such as housin ... Read More
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Personal Luxury in Canada
Personal Luxury in Canada Designer apparel and footwear (ready-to-wear) saw lower growth in 2024 following stronger, recovery-driven growth in 2023. Consumers largely replenished and refreshed their wardrobes in 2023 and bought less in 2024, with discretionary spending weighed down by cost-of-living ... Read More
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Experiential Luxury in the Netherlands
Experiential Luxury in the Netherlands Experiential luxury has seen strong growth in current value terms as well as healthy growth in retail volume terms in 2024. Category sales are largely accounted for by luxury hotels which have benefited from higher occupation rates as a result of the increase f ... Read More
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Premium and Luxury Cars in Turkey
Premium and Luxury Cars in Turkey The market for premium and luxury cars in Turkey poised for robust growth in current value terms in 2024. Euromonitor International's Premium and Luxury Cars in Turkey report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at ... Read More
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Experiential Luxury in Canada
Experiential Luxury in Canada In 2024, the recovery of both international and domestic travel has significantly strengthened Canada's luxury hotel sector. Affluent consumers, less affected by inflation, are driving demand for high-end experiences, with occupancy rates rising across major urban centr ... Read More
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Experiential Luxury in Turkey
Experiential Luxury in Turkey Experiential luxury in Turkey, which includes both luxury hotels and foodservice, is set to register a buoyant performance in 2024, due to several key factors. Firstly, the resurgence of international tourism is significantly boosting demand for luxury accommodation and ... Read More
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Luxury Goods in Canada
Luxury Goods in Canada In 2024, luxury goods in Canada witnessed a moderation in growth, following the robust post-pandemic surge seen in 2023. Categories like luxury travel goods and luxury leather goods experienced healthy sales due to the continued recovery in travel, with consumers increasingly ... Read More
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Luxury Goods in Turkey
Luxury Goods in Turkey The luxury goods market in Turkey is projected to sustain double-digit growth in current value terms in 2024, albeit at a slower rate than the previous year. The country continues to contend with persistently high inflation and elevated interest rates, which are significantly ... Read More
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