Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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Premium and Luxury Cars in the Philippines
Premium and Luxury Cars in the Philippines Following the significant declines in sales of premium and luxury cars in the Philippines in 2020 in line with pandemic-induced restrictions such as enforced closures of dealerships, some easing of various measures in 2021 resulted in a more positive perfor ... Read More
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Personal Luxury in the Philippines
Personal Luxury in the Philippines Following the significant declines in sales of premium and luxury cars in the Philippines in 2020 in line with pandemic-induced restrictions such as enforced closures of dealerships, some easing of various measures in 2021 resulted in a more positive performance fo ... Read More
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Luxury Goods in the Philippines
Luxury Goods in the Philippines Value sales of luxury goods continue to recover in 2022, supported by the fact that most restrictions in the Philippines have been lifted (with restrictions for children being the last to be lifted towards the end of 2021 and schools aiming to return to in-person lear ... Read More
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Experiential Luxury in the Philippines
Experiential Luxury in the Philippines Experiential luxury, driven by luxury hotels in the Philippines, is set to make a full and strong recovery in current value sales terms in 2022 with double-digit growth. This follows triple-digit value growth the previous year following the drastic downturn in ... Read More
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Experiential Luxury in Sweden
Experiential Luxury in Sweden Luxury hotels and hotels in general suffered greatly from the effects of the COVID-19 pandemic in 2020 due to a lack of international tourists and visitors. While revenues bounced back somewhat in 2021 they remained suppressed as travel restrictions remained in place th ... Read More
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Premium and Luxury Cars in Sweden
Premium and Luxury Cars in Sweden Unlike other luxury goods categories, premium and luxury cars did not bounce back in 2021, but a rebound is expected in 2022, with this being driven by strong demand for electric vehicles. 2021 was a year with a high degree of fluctuation when it came to car sales. ... Read More
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Personal Luxury in Sweden
Personal Luxury in Sweden Sales of designer apparel and footwear (ready-to-wear) registered a sharp decline in 2020. While there were no mandated store closures in Sweden during the pandemic, shops and department stores had restrictions in place to limit the number of customers in stores at any one ... Read More
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Premium and Luxury Cars in Italy
Premium and Luxury Cars in Italy Premium and luxury cars recorded significant volume and current value declines in 2020, due to the damaging impact of the pandemic, linked to the fact that car showrooms were closed during the lockdown. Sales started to recover in 2021 as showrooms reopened, although ... Read More
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Experiential Luxury in Italy
Experiential Luxury in Italy Experiential luxury is expected to see robust double-digit current value growth in 2022, thanks to the further easing of the pandemic and the lifting of restrictions in Italy, encouraging domestic consumers to resume their visits to luxury foodservice outlets and luxury ... Read More
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Luxury Goods in Italy
Luxury Goods in Italy Luxury goods is set to see high single-digit growth in current value terms in 2022, continuing its road to recovery. This has been especially evident since the last quarter of 2021, starting recovery from the strong decline seen in 2020 linked to the emergence of COVID-19. Howe ... Read More
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Personal Luxury in Italy
Personal Luxury in Italy After seeing a significant current value decline due to COVID-19 in 2020, designer apparel and footwear saw a strong rebound in 2021. Growth is set to continue in 2022, with a double-digit increase, although sales are still expected to remain below the 2019 level. However, d ... Read More
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Personal Luxury in France
Personal Luxury in France While value sales of standard apparel (but maybe not footwear) could reach the 2019 level in 2022, according to IFM, the main trade association for this industry, this is not likely to be the case for designer apparel and footwear (ready-to-wear), despite (or maybe because ... Read More
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Experiential Luxury in France
Experiential Luxury in France Despite the context of the persisting pandemic and the uncertainties derived from the war in Ukraine, France is likely to benefit from a massive return of tourists in 2022. This is likely to be an improvement on 2021, which still faced some ongoing restrictions related ... Read More
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Luxury Goods in France
Luxury Goods in France 2022 is likely to see a mixed picture for luxury goods in France. On the one hand, the industry is set to display retail current value growth that is much higher than the rate recorded in 2019. On the other hand, this growth will not offset the huge losses sustained in 2020 – ... Read More
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Premium and Luxury Cars in France
Premium and Luxury Cars in France The global market for premium luxury cars “ne connait pas la crise” (does not know the meaning of crisis) in 2022, despite two years of pandemic. In France this is almost the same, although many affluent French consumers prefer to remain more discreet than their Eur ... Read More
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Experiential Luxury in Turkey
Experiential Luxury in Turkey After having been especially hard hit by the fallout from the COVID-19 pandemic in 2020, luxury hotels has continued to see dynamic growth in 2022 after a strong recovery in 2021, with this being mostly due to a steady recovery in inbound tourism The adoption of strict ... Read More
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Luxury Goods in Canada
Luxury Goods in Canada Luxury goods continues on the path to recovery from the impact of COVID-19 in 2022, after sales returned to growth in 2021. Omicron rates started declining in the early part of 2022, allowing governments in most provinces to roll back their COVID-19 regulations such as mask ma ... Read More
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Luxury Goods in Turkey
Luxury Goods in Turkey After the sharp slowdown seen at the start of the COVID-19 pandemic, sales of luxury goods continued to show signs of recovery in 2022. Sales of personal luxury have been boosted by the reopening of stores and the progression of the country’s COVID-19 vaccination programme, co ... Read More
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Personal Luxury in Canada
Personal Luxury in Canada Designer apparel and footwear (ready-to-wear) lagged behind categories such as luxury jewellery and luxury timepieces in 2021 as Canada witnessed several lockdowns, while there were also lingering consumer concerns over the risk posed by COVID-19. This limited the recovery ... Read More
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Premium and Luxury Cars in Turkey
Premium and Luxury Cars in Turkey Due to the high prices of premium and luxury cars, brands from this category continue to account for the lion’s share of total sales of luxury goods in current value terms in Turkey in 2022, with Mercedes-Benz, Audi and BMW remaining the outright leaders in the mark ... Read More
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Personal Luxury in Turkey
Personal Luxury in Turkey Although the Turkish economy has begun to recover from the impact of the COVID-19 pandemic the rebound has been accompanied by rising inflation, with the prices of raw materials and energy soaring in 2021 and 2022. Manufacturers of designer apparel and footwear (ready-to-we ... Read More
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Premium and Luxury Cars in South Korea
Premium and Luxury Cars in South Korea During the pandemic, premium and luxury cars saw strong growth, with this set to continue in 2022. A key driver of this positive performance has been the South Korean government’s temporary reduction in the individual consumption tax imposed on passenger car pu ... Read More
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Luxury Goods in South Korea
Luxury Goods in South Korea Despite the COVID-19 pandemic, luxury goods in South Korea continued to record current value growth in both 2020 and 2021. With spending on overseas travel put on hold due to the pandemic, consumers instead purchased luxury goods through domestic department stores and e-c ... Read More
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Personal Luxury in South Korea
Personal Luxury in South Korea Designer apparel and footwear determines whether a customer is a “true” VIP. For instance, luxury brands do not necessarily consider customers who purchase luxury leather goods to be “true” VIPs. Luxury leather goods are something that many consumers purchase, and the ... Read More
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Experiential Luxury in Canada
Experiential Luxury in Canada Experiential luxury, which is accounted for entirely by luxury hotels, is seeing dynamic growth in 2022, after multiple lockdowns and other government COVID-19 measures and travel restrictions severely reduced demand in 2020 and 2021. In early 2022, the government began ... Read More
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