Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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Luxury Goods in Japan
Luxury Goods in Japan Retail value sales of luxury goods in Japan are set to increase in current terms in 2024, although growth is expected to be slower than in the previous few years. While in previous years, there was recovery from the COVID-19-related decline in 2020, sales of luxury goods had al ... Read More
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Premium and Luxury Cars in France
Premium and Luxury Cars in France In 2024, premium and luxury cars in France is set to continue to post appreciable growth both in retail volume and current value terms; albeit less than the excellent year of 2023, which still enjoyed a positive post-COVID-19 effect. This continuous progression nota ... Read More
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Personal Luxury in Japan
Personal Luxury in Japan In 2024, the retail current value growth of designer apparel and footwear in Japan is expected to experience a noticeable slowdown. Despite the overall resilience of luxury goods, several factors are contributing to this deceleration. Economic uncertainties, including the ri ... Read More
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Luxury Goods in Mexico
Luxury Goods in Mexico Retail value sales of luxury goods in Mexico continue to rise in 2024. The most dynamic category within luxury goods in 2024 is predicted to be super premium beauty and personal care, due to greater interest in purchasing premium products that have gained relevance among consu ... Read More
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Luxury Goods in France
Luxury Goods in France Luxury goods in France is still expected to experience positive retail current value growth in 2024, but at a slower rate than in 2023, due to several factors. These include poor weather during the first half of the year (thus under-average consumer footfall), and a rather glo ... Read More
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Premium and Luxury Cars in Mexico
Premium and Luxury Cars in Mexico Retail volume and value sales of premium and luxury cars in Mexico continue to increase in 2024, although they are set to remain lower than pre-pandemic levels during the year (just under 50,000 units, and retail value sales of MXN53.7 billion). Among the different ... Read More
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Experiential Luxury in France
Experiential Luxury in France The year 2023 saw notable growth in experiential luxury in France, despite strikes, demonstrations, and blockades affecting the country’s image abroad. All travel segments showed a significant return, including business travellers, seminars and conventions, and weddings ... Read More
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Personal Luxury in France
Personal Luxury in France Designer apparel and footwear (ready-to-wear) is expected to continue to record positive retail current value growth in France in 2024, but the rate of increase is expected to be far lower than the increase in 2023, which has surprised many luxury players. Despite the ongoi ... Read More
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Personal Luxury in the United Kingdom
Personal Luxury in the United Kingdom Value sales of designer apparel and footwear (ready-to-wear) in the UK continue to grow in 2024, albeit by a slower rate than 2023. Designer apparel (ready-to-wear) is showing a more robust performance than designer footwear in value growth terms, with women’s d ... Read More
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Premium and Luxury Cars in the United Kingdom
Premium and Luxury Cars in the United Kingdom Sales of premium and luxury cars in the UK remain significantly lower than pre-pandemic levels in 2024, despite double-digit growth rates the previous year. While some high net worth individuals continue to invest in premium vehicles, the overall dynamic ... Read More
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Luxury Goods in the United Kingdom
Luxury Goods in the United Kingdom Luxury goods in the UK is fragmented, and positive growth is only evident across some categories. The market initially proved resilient to inflationary pressures, the pandemic and Brexit. However, the stability seen in recent years for luxury goods in the UK is wan ... Read More
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Experiential Luxury in the United Kingdom
Experiential Luxury in the United Kingdom In 2024, experiential luxury in the UK is experiencing sustained high growth, continuing the trend from 2023. High double-digit value growth means experiential luxury is the best-performing category in overall luxury goods in the UK. The strong performance o ... Read More
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World Market for Luxury Goods
World Market for Luxury Goods The global luxury goods industry continues to recover; however, luxury brands are beginning to feel the strain of sluggish global growth. Caution and uncertainty reign across the landscape amid these volatile conditions, and the industry will continue to be shaped by a ... Read More
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US: Consumer Profile
US: Consumer Profile Over the period to 2040, the US is set to see an increase in childless households, due to a low birth rate and an ageing population. Increased immigration and rising incomes are expected to drive economic growth and consumption. The US will remain the world’s largest luxury mark ... Read More
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Competitor Strategies in Luxury Goods
Competitor Strategies in Luxury Goods The COVID-19 pandemic, the cost-of-living crisis and high inflation continue to have a substantial impact on affluent populations, their wealth and their spending habits on luxury goods. The top wealth segments stand out now more than ever before, and remain the ... Read More
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Where Consumers Shop for Luxury Goods
Where Consumers Shop for Luxury Goods The pandemic, cost-of-living crisis and high inflation continue to have an impact on affluent consumers, their wealth, and their shopping habits on luxury goods. Offline retail maintains its importance alongside e-commerce, as luxury consumers demand seamless in ... Read More
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Megatrends: Premiumisation
Megatrends: Premiumisation This report provides an update on Premiumisation – one of Euromonitor International’s 10 megatrends, exploring the three key pillars of the trend to highlight where opportunities lie for business. Premiumisation continues to be highly sought-after by consumers seeking to ... Read More
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The Transformation of Customer Loyalty: A Pan-Industry View
The Transformation of Customer Loyalty: A Pan-Industry View In a time of uncertainty, brands must ensure that the value proposition provided by their loyalty schemes is firmly aligned with customer needs, priorities and expectations, continuously refined and adapted to withstand disruption and chang ... Read More
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Elevating the New Luxury Travel Experience
Elevating the New Luxury Travel Experience The luxury travel landscape has been transformed, driven by digital and sustainable innovation, changing consumer values and wealth expansion. It is vital to understand the new face of luxury travellers that is ever-more diverse, demanding and younger. Look ... Read More
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Sustainability in Luxury and Fashion: Time for Action
Sustainability in Luxury and Fashion: Time for Action In the context of climate crisis, shifting regulation and high inflation leading consumers to rethink their fashion spend, fashion and luxury market players need to review their operations to minimise their negative impact while helping to build ... Read More
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What Fashion and Luxury Brands Should Know About Gen-Zers
What Fashion and Luxury Brands Should Know About Gen-Zers Born between 1995 and 2009, Generation Z (Gen Z) is coming of age alongside significant changes in post-pandemic economy, giving rise to the Gen Z luxury and fashion consumer’s tendencies for price sensitivity, individualistic expression, act ... Read More
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Experiential Luxury in Taiwan
Experiential Luxury in Taiwan Consumer demand has been shifting from manufactured goods back towards services. As a result, value sales of experiential luxury increased by 36% to amount to TWD6.3 billion in 2023, boosted by wealthier individuals resuming normal activity, such as travelling and dinin ... Read More
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Luxury Goods in Taiwan
Luxury Goods in Taiwan Retail value sales of luxury goods in Taiwan grew by 9% in 2023 in current terms to amount to TWD502.9 billion. Development was still widely defined by a return to more normal consumer behaviour in terms of working, shopping, and spending on luxury goods, as those consumers th ... Read More
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Personal Luxury in Taiwan
Personal Luxury in Taiwan Personal luxury retail value sales rose by 8% in 2023, to total TWD281.3 billion, supporting growth for leading brand providers such as Kering SA and Richemont Asia Pacific Ltd. 2023 sales growth was fuelled by individuals deciding to invest in luxury goods such as luxury l ... Read More
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Premium and Luxury Cars in Taiwan
Premium and Luxury Cars in Taiwan Value sales of premium and luxury cars went up by 8% to total TWD194.5 billion in 2023, due to increased demand from high-income consumers, who proved to be steadfast in their purchases despite macroeconomic headwinds. Demand for premium and luxury cars is contingen ... Read More
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