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Luxury Goods in the US

Publisher Euromonitor International
Published Jun 28, 2022
Length 40 Pages
SKU # EP17291177

Description

Luxury Goods in the US

After seeing a strong negative impact from the COVID-19 pandemic in 2020, luxury goods delivered strong growth and full recovery to the pre-pandemic (2019) level of sales in 2021, driven by the successful rollout of vaccines across the US, the removal of COVID-19-related face mask requirements and domestic travel restrictions, as well as the subsequent reopening of stores. The resurgence in luxury goods was also associated with the increase in US consumers’ disposable incomes, favourable attitud...

Euromonitor International's Luxury Goods in USA report offers a comprehensive guide to the size and shape of the Luxury Goods 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 Luxury Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2026 illustrate how the market is set to change

Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Luxury Goods 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.

Table of Contents

40 Pages
Luxury Goods in the US
Euromonitor International
June 2022
List Of Contents And Tables
LUXURY GOODS IN THE US
EXECUTIVE SUMMARY
Luxury goods in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 1 Sales of Luxury Goods by Category: Value 2017-2022
Table 2 Sales of Luxury Goods by Category: % Value Growth 2017-2022
Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
Table 4 NBO Company Shares of Luxury Goods: % Value 2017-2021
Table 5 LBN Brand Shares of Luxury Goods: % Value 2018-2021
Table 6 Distribution of Luxury Goods by Format and Category: % Value 2022
Table 7 Forecast Sales of Luxury Goods by Category: Value 2022-2027
Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources
EXPERIENTIAL LUXURY IN THE US
KEY DATA FINDINGS
2022 DEVELOPMENTS
Lifted restrictions prompt another step forward in the recovery of experiential luxury
Luxury leisure tourism bolsters recovery of experiential luxury
Demand for all-inclusive luxury resorts surges
PROSPECTS AND OPPORTUNITIES
Experiential luxury not set to fully recover until 2023
Multiple obstacles remain in the recovery process for luxury foodservice
Luxury hotels will continually adjust loyalty programmes to attract consumers
CATEGORY DATA
Table 9 Sales of Experiential Luxury by Category: Value 2017-2022
Table 10 Sales of Experiential Luxury by Category: % Value Growth 2017-2022
Table 11 NBO Company Shares of Experiential Luxury: % Value 2017-2021
Table 12 LBN Brand Shares of Experiential Luxury: % Value 2018-2021
Table 13 Forecast Sales of Experiential Luxury by Category: Value 2022-2027
Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027
FINE WINES/CHAMPAGNE AND SPIRITS IN THE US
KEY DATA FINDINGS
2022 DEVELOPMENTS
Surge in sales of fine wines/champagne and spirits ends as consumers return to normal life
A further spike in e-commerce and direct-to-consumer (DTC) sales
Players in fine wines/champagne and spirits are becoming obsessed with NFTs
PROSPECTS AND OPPORTUNITIES
Growth set to continue at a steady pace over the forecast period
Rising concerns for environmental and social issues prompt sustainability initiatives
Wellness movement will drive the need for low/no alcohol and low/no sugar drinks
CATEGORY DATA
Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022
Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022
Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021
Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021
Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022
Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027
Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027
PREMIUM AND LUXURY CARS IN THE US
KEY DATA FINDINGS
2022 DEVELOPMENTS
The boom in luxury cars slows down, but growth continues in 2022
Tesla and super-premium brands expand their shares in the post-pandemic era
Supply chain shortages hamper production and delay the launch of new models
PROSPECTS AND OPPORTUNITIES
Long-term growth predicted, but shortages will be impactful in the short to mid term
Luxury car makers’ race into fashion will continue to attract young consumers
Electric vehicles will continue to expand their share in premium and luxury cars
CATEGORY DATA
Table 22 Sales of Premium and Luxury Cars: Value 2017-2022
Table 23 Sales of Premium and Luxury Cars: % Value Growth 2017-2022
Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021
Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021
Table 26 Forecast Sales of Premium and Luxury Cars: Value 2022-2027
Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027
PERSONAL LUXURY IN THE US
KEY DATA FINDINGS
2022 DEVELOPMENTS
Designer apparel and footwear (ready-to-wear)
Luxury eyewear
Luxury jewellery
Luxury leather goods
Luxury wearables
Luxury timepieces
Luxury writing instruments and stationery
Super premium beauty and personal care
PROSPECTS AND OPPORTUNITIES
As consumers return to normal life, personal luxury will experience steady growth
Luxury brands pivot to a digital-first approach, but stores remain vital
The metaverse will be a new opportunity for personal luxury
CATEGORY DATA
Table 28 Sales of Personal Luxury by Category: Value 2017-2022
Table 29 Sales of Personal Luxury by Category: % Value Growth 2017-2022
Table 30 NBO Company Shares of Personal Luxury: % Value 2017-2021
Table 31 LBN Brand Shares of Personal Luxury: % Value 2018-2021
Table 32 Distribution of Personal Luxury by Format: % Value 2017-2022
Table 33 Forecast Sales of Personal Luxury by Category: Value 2022-2027
Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2022-2027

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