Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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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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Personal Luxury in the Netherlands
Personal Luxury in the Netherlands Sales of designer apparel and footwear (ready-to-wear) have stagnated in 2024 in current value and retail volume terms. The Dutch remain cautious towards spending despite improvements in the economy. Nonetheless, many people still remain very interested in designer ... Read More
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Premium and Luxury Cars in the Netherlands
Premium and Luxury Cars in the Netherlands The improving state of the Dutch economy and an increase in real wages has provided a boost to consumer confidence in 2024 with more people showing a willingness to invest in new premium and luxury cars. Manufacturers and retailers have remained active in p ... Read More
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Personal Luxury in Mexico
Personal Luxury in Mexico Retail value sales of personal luxury in Mexico continue to rise, driven by the largest category of designer apparel and footwear (ready-to-wear). Retail value sales of the latter are set to increase by 5% over the year to total MXN37.2 billion (holding a 33% value share ov ... Read More
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Experiential Luxury in Japan
Experiential Luxury in Japan Luxury foodservice is thriving in Japan, fuelled by consumers’ growing interest in unique culinary experiences. For this reason, more luxury brands are entering the foodservice industry as part of a broader strategy to offer unique and memorable experiences to customers. ... Read More
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Premium and Luxury Cars in Japan
Premium and Luxury Cars in Japan Premium and luxury cars in Japan is set to see a contraction of sales in retail current value terms in 2024. This, however, comes after a dynamic few years, with strong growth in 2022 returning sales to above the pre-COVID-19 (2019) level, and stellar growth seen in ... Read More
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Experiential Luxury in Mexico
Experiential Luxury in Mexico Retail value sales of experiential luxury in Mexico are set to increase by 15% in 2024 to total MXN161 billion. According to Secretary of Tourism (SECTUR) data for 2024, it is estimated that the income of foreign currency from international visitors to Mexico will rise ... Read More
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