Category: Luxury Goods
Europe Luxury Goods
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Italy Luxury Goods Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)
... USD 23.86 billion by 2029, at a CAGR of 2.52% during the forecast period (2024-2029). In Italy, rising disposable incomes and heightened spending on clothing, fueled by the sway of social media fashion trends, are ... Read More
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Experiential Luxury in Switzerland
... improvement in the Swiss economy. Nevertheless, the war in Ukraine and ongoing global financial turmoil has continued to limit the growth potential for experiential luxury with fewer tourists visiting luxury hotels than before the pandemic. ... Read More
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Premium and Luxury Cars in Switzerland
... energy and fuel efficient cars that offer a higher level of comfort and safety keeps growing while overall spending has become more conservative. With the strain on the economy over the review period, including high ... Read More
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Luxury Goods in Switzerland
... of luxury goods has reflected this trend in 2024 with limited growth in most categories, although experiential luxury has been the standout performer as consumers have shown a growing willingness to spend on experiences over ... Read More
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Personal Luxury in Switzerland
... in unit prices. Although the Swiss economy started to show signs of recovery in 2024 with inflation stabilising and disposable incomes rising again, many Swiss consumers remained selective with their spending. This led to consumers ... Read More
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Premium and Luxury Cars in Sweden
... the fact that the leading players in luxury goods are also those who sell luxury cars, being Volkswagen Group AB, Mercedes-Benz AG, Tesla Inc, and BMW Northern Europe AB, with these names being the only ... Read More
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Personal Luxury in Sweden
... weakening currencies, and stagnating employment, which have lowered consumer confidence and deepened anxieties around financial security. In response, fashion retailers have leaned heavily on frequent discounting and expanding outlet offerings to stimulate sales, catering to ... Read More
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Personal Luxury in Poland
... performing categories in both value and volume terms in 2024 with some women looking to treat themselves as inflation stabilised. Strong growth in inbound tourism has also provided a boost to sales of designer apparel ... Read More
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Experiential Luxury in Sweden
... countries such as Denmark, Finland and Norway, followed by Germany, Poland, and the UK. This is due to both economic and climate-related factors. Regarding the economy, it is noted that the Swedish Krona is fairly ... Read More
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Experiential Luxury in Poland
... growth and recovery of international tourism, mainly from Germany, the UK, the US, and the Czech Republic. It is also important to note that Poland remains an important travel destination for Ukrainians, with only arrivals ... Read More
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Luxury Goods in Sweden
... cited concerns about their financial situation due to higher debts and lower savings, especially among Gen X [according to the Euromonitor Lifestyles Survey]. As the growth rate is higher than the level of inflation in ... Read More
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Premium and Luxury Cars in Poland
... the government to encourage consumers to switch to electric and hybrid vehicles most Polish consumers till favour luxury cars with traditional combustion engines. The situation is slightly different when it comes to premium cars with ... Read More
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Luxury Goods in Poland
... pre-pandemic levels the category has still seen strong in 2024. Premium and luxury cars has been the most dynamic category in luxury goods in 2024 having seen double-digit growth in value and volume terms for ... Read More
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Luxury Goods in Italy
... of consumption has benefited luxury goods as shoppers with higher levels of disposable income have been choosing both luxury goods and more importantly, experiences as a means of gratification. In addition, the growth of domestic ... Read More
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Personal Luxury in Spain
... to see just low growth. As was seen in previous years, an increasing number of Spaniards are changing their priorities and spending more on travelling and going out, and less on acquiring physical goods. Nevertheless, ... Read More
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Premium and Luxury Cars in Spain
... is set to maintain dynamic growth in both retail volume and current value terms in 2024. Wealth determines the degree of demand that exists for premium and luxury cars, as wealthier consumers have the resources ... Read More
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Experiential Luxury in Spain
... Even after surpassing the pre-pandemic level of inbound arrivals and spending in 2023, these figures are expected to continue to climb, with arrivals to Spain expected to exceed 92 million trips, and spending expected to ... Read More
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Luxury Goods in Spain
... has resulted in consumers showing a keenness to save, which in some cases is resulting in Spaniards postponing their acquisition of luxury goods, especially those products popular amongst aspirational consumers, such as personal luxury goods. ... Read More
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Premium and Luxury Cars in Italy
... expected to recover over 2024. Wealth determines the degree of demand that exists for premium and luxury cars, and prevailing consumer confidence among this niche demographic is having a significant impact on sales. The significant ... Read More
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Personal Luxury in Italy
... to 2019 levels. The category is expected to continue growing over the forecast period, although overall demand could still struggle to fully recover by 2029 despite the strong growth of inbound arrivals and the financial ... Read More
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Experiential Luxury in Italy
... and luxury hotels, and can be linked to the strong rebound of tourism in Italy post-pandemic, both in terms of domestic tourists and inbound travel. The number of inbound arrivals is set to fully recover ... Read More
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Luxury Goods in Romania
... situation in the country, with affluent consumers willing to invest in experiences, timeless pieces, and premium goods. Inbound tourism is also on the rise in 2024, positively impacting sales and attendance at luxury hotels. Premium ... Read More
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Personal Luxury in Romania
... (ready-to-wear), with women's apparel totalling RON573 million. Romania remains an important manufacturing hub for apparel products, with brands such as Prada, Gucci, Max Mara being manufactured locally. However, many of these products are actually sold ... Read More
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Experiential Luxury in Romania
... retail current value sales decreased by 69% in 2020, to fall to RON151 million. In 2024, sales are set to exceed the 2019 pre-pandemic level of RON484 million, with total retail value sales of RON485 ... Read More
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Premium and Luxury Cars in Romania
... the luxury car market in Romania is continuing to grow. Affluent buyers remain willing to invest in prestige car brands, in addition to vehicles that offer advanced technological and sustainable features and customisation. The number ... Read More
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