Retail current value sales of designer apparel and footwear (ready-to-wear) in China are rising by 5% to stand at CNY93.78 billion in 2024 primarily boosted by sales of designer apparel. Growth is thanks to inflation and successful marketing that appeals to wealthy consumers’ interest in popular luxury brands. Moreover, there is an accelerating trend towards purchasing fewer but better-quality products. Designer brands are favourites in the Chinese market, with the likes of ICICLE, Lemaire, and...
Euromonitor International's Personal Luxury in China report offers a comprehensive guide to the size and shape of the Personal Luxury market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change
Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Personal Luxury market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop
Personal Luxury in China
Euromonitor International
October 2024
List Of Contents And Tables
PERSONAL LUXURY IN CHINA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Designer apparel and footwear (ready-to-wear) is home to minimalist clothing but decorative jeans, while digital trends continue
Luxottica continues to lead luxury eyewear in 2023
Sales rise for luxury jewellery despite relatively conservative consumer attitudes
Luxury leather goods benefits from trend towards investment purchases
Innovation and advanced tech drive growth in luxury wearables
Luxury timepieces sees rise of smart and connected options
Luxury writing instruments and stationery sees growth curbed by ongoing digitalisation trends
High-end brands supported by demand for efficacy in super premium beauty and personal care
PROSPECTS AND OPPORTUNITIES
Positive growth forecast for luxury wearables
E-commerce platforms to see greater investment, while more players will expand into China
Luxury jewellery likely to lead value growth, and sustainability concerns will slowly gather pace
CATEGORY DATA
Table 1 Sales of Personal Luxury by Category: Value 2019-2024
Table 2 Sales of Personal Luxury by Category: % Value Growth 2019-2024
Table 3 NBO Company Shares of Personal Luxury: % Value 2019-2023
Table 4 LBN Brand Shares of Personal Luxury: % Value 2020-2023
Table 5 Distribution of Personal Luxury by Format: % Value 2019-2024
Table 6 Forecast Sales of Personal Luxury by Category: Value 2024-2029
Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2024-2029
LUXURY GOODS IN CHINA
EXECUTIVE SUMMARY
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2019-2024
Table 9 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 11 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 12 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 14 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029