Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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Premium and Luxury Cars in Canada
Premium and Luxury Cars in Canada Premium and luxury cars continues to see healthy growth in 2022, albeit at a slower rate than the dynamic growth seen in 2021. Nonetheless, premium and luxury cars continues to face supply chain issues such as a semi-conductor chip shortage which has impacted the av ... Read More
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Experiential Luxury in South Korea
Experiential Luxury in South Korea COVID-19 had a strong negative impact on experiential luxury in South Korea 2020, due to the steep decline in the number of tourists visiting the country, as well as some impact on domestic tourism. Moving into 2021, sales recorded a strong rebound. There were no m ... Read More
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Premium and Luxury Cars in Japan
Premium and Luxury Cars in Japan The automotive industry was significantly negatively affected by the COVID-19 pandemic in 2020, as mobility and spending were restricted, and these factors continued in 2021, limiting demand for high-end cars. Despite the easing of COVID-19 restrictions in 2020 as ca ... Read More
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Luxury Goods in Japan
Luxury Goods in Japan Luxury goods saw a significant current value decline in 2020, due to limited mobility, store closures or limited operations, the closure of borders, and consumers’ reluctance to spend during COVID-19. In 2021, although there was less disruption to store-based retailing, and sal ... Read More
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Personal Luxury in Japan
Personal Luxury in Japan Designer apparel and footwear (ready-to-wear) saw an exceptional retail current value decline in the first year of the COVID-19 pandemic, due to store closures during the state of emergency in April and May. The category was also heavily impacted by long-term border closures ... Read More
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Experiential Luxury in Japan
Experiential Luxury in Japan Experiential luxury as a whole was negatively affected by COVID-19 in current value terms in 2020 and 2021. This was due to the reduced flow of people due to states of emergency announced by the government. Luxury foodservice was impacted by restrictions on the number of ... Read More
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Personal Luxury in the Netherlands
Personal Luxury in the Netherlands As is being seen across other categories in the Netherlands, sustainability issues are having a growing influence on the choices and product offers within designer apparel and footwear (ready-to-wear). More consumers are looking for and aiming to support local busi ... Read More
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Luxury Goods in the Netherlands
Luxury Goods in the Netherlands Luxury goods is seeing a strong recovery in 2022 with the Netherlands lifting the last of its COVID-19 restrictions. A more positive environment has encouraged some consumers to spend more time outside including returning to shopping in luxury retail stores. The retur ... Read More
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Premium and Luxury Cars in the Netherlands
Premium and Luxury Cars in the Netherlands Premium and luxury cars is set to see a strong recovery in 2022 driven by a combination of increased disposable income among the key target audience and the success of fiscal benefits offered by the Dutch government to encourage a shift towards electric veh ... Read More
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Experiential Luxury in the Netherlands
Experiential Luxury in the Netherlands In 2021 the demand for experiential luxury continued to be partly influenced by the effects of COVID-19, with the country seeing further lockdown periods which affected the mobility of Dutch consumers and further restricted the flow of foreign visitors to the c ... Read More
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Experiential Luxury in Brazil
Experiential Luxury in Brazil The pause in inbound tourist flows forced experiential luxury brands to intensify their efforts to attract local consumers. In regular years, Brazilian high net worth tourists traditionally only represent half of the visitors to the networks of luxury hotels in Brazil. ... Read More
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Premium and Luxury Cars in Brazil
Premium and Luxury Cars in Brazil Consumers began to adapt to the new reality and become more aware of the real risks in the context of COVID-19. For this reason, the year 2021 was marked by the wider acceptance of hygiene protocols and the reduction of excessive fear of contact, which allowed the r ... Read More
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Luxury Goods in Brazil
Luxury Goods in Brazil Involuntary saving emerged as a new reality that was imposed by enforced changes in lifestyle (restrictions on international travel, foodservice, entertainment, culture, etc.), and this favoured the consumption of luxury goods in the pandemic years. The discovery of the advant ... Read More
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Personal Luxury in Brazil
Personal Luxury in Brazil The year 2021 was marked by the continued expansion of designer apparel and footwear in Brazil, something that had been observed since the second half of 2020. Amongst the factors that contributed to this scenario was the advance of vaccination, which made consumers feel co ... Read More
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Personal Luxury in Thailand
Personal Luxury in Thailand Designer apparel and footwear (ready-to-wear) looks set to continue its recovery in 2022, though sales are likely to remain below the levels seen immediately prior to the outbreak of COVID-19. At the height of the pandemic, one of the main factors undermining demand acros ... Read More
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Experiential Luxury in Malaysia
Experiential Luxury in Malaysia The recovery in retail constant value sales (2022 prices) of experiential luxury, which began in 2021, saw a significant acceleration during 2022. Indeed, retail constant value sales almost recovered to their pre-pandemic peak. The fact that Malaysia re-opened its bor ... Read More
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Luxury Goods in Thailand
Luxury Goods in Thailand The luxury goods market in Thailand is set to see the continuation of its recovery in 2022. Indeed, the overall market is expected to exceed the level of value sales seen immediately prior to the outbreak of COVID-19 during the year, although several categories are likely to ... Read More
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Personal Luxury in India
Personal Luxury in India The stabilisation of the pandemic in India is leading to increasing demand for designer apparel and footwear (ready-to-wear). There has been a strong rise in demand for athleisure wear as local consumers have become increasingly used to wearing comfortable apparel and footwe ... Read More
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Luxury Goods in Mexico
Luxury Goods in Mexico By the end of 2021 and early 2022 economic activities within Mexico had normalised, following constant government efforts to find ways to reactivate the economy and leave behind the harsh impact of the COVID-19 pandemic. By March 2022 most economic activities including concert ... Read More
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Personal Luxury in Malaysia
Personal Luxury in Malaysia The recovery in retail constant value sales (2022 prices) of designer apparel and footwear (ready-to-wear) accelerated during 2022, but they remained well below their pre-pandemic level. An increasing number of designer apparel and footwear brands are focusing on athleisu ... Read More
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Premium and Luxury Cars in Mexico
Premium and Luxury Cars in Mexico During the whole of 2021 there was a severe shortage of semiconductors within the car industry, while significant logistical struggles resulted in production shutdowns in both local and foreign production lines. This in turn led to a shortfall of hundreds of thousan ... Read More
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Luxury Goods in Malaysia
Luxury Goods in Malaysia Having plunged by more than a quarter during 2020 due to pandemic restrictions and the economic shock that they engendered, retail constant value sales (2022 prices) of luxury goods began to rebound in 2021, with this trend continuing into 2022. Experiential luxury was by fa ... Read More
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Experiential Luxury in Mexico
Experiential Luxury in Mexico Domestic travel has seen an almost full return to normal levels in 2022 with local policies allowing hotels resume their operations, so long as the standard health and security measures are observed. Nonetheless, some restrictions on international travel imposed by some ... Read More
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Luxury Goods in India
Luxury Goods in India After the second wave of COVID-19 hit India in the first half of 2021, the pandemic was believed to be under control due to a rise in vaccination rates. Although the country experienced a third wave in early 2022 as a result of the Omicron variant of COVID-19 emerging, its impa ... Read More
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Premium and Luxury Cars in India
Premium and Luxury Cars in India The concept of electric vehicles (EVs) was introduced over a decade ago globally. However, there were serious concerns across the automobile industry about the adoption of these vehicles as both companies and consumers were used to fuel-guzzling cars. This required a ... Read More