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Luxury Goods in India

Publisher Euromonitor International
Published Jul 11, 2022
Length 41 Pages
SKU # EP17310966

Description

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 impact was not prolonged. Hence, 2022 is proving to be significant in terms of recovery for luxury goods in India, as this is the first year since 2019 that consumers have been able to take domestic holidays, with both 2020 an...

Euromonitor International's Luxury Goods in India 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

41 Pages
Luxury Goods in India
Euromonitor International
July 2022
List Of Contents And Tables
LUXURY GOODS IN INDIA
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 INDIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Recovery of domestic tourism for leisure benefits experiential luxury
International travel remains impacted due to war in Ukraine and China’s “Zero-COVID” policy
Luxury business hotels continue to diversify their offer
PROSPECTS AND OPPORTUNITIES
Meetings, incentives, conventions and exhibitions (MICE) and sporting events to aid recovery of experiential luxury
Forecast period to experience growth in spiritual tourism
Tier II and III cities offer strong potential
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 INDIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Stabilisation of pandemic in India results in recovery for on-trade sales
State governments announce rise in prices
Retailers focus on offering experience to increase sales
PROSPECTS AND OPPORTUNITIES
Retailers expected to take a female-centric approach to selling wine
Recovery of international travel to bring shift in distribution
Millennials expected to drive future direction of spirits
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 INDIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Electric vehicles (EVs) experience rise in adoption
Supply chain constraints in terms of procurement of semiconductor chips slows recovery
Demand for pre-owned luxury cars continues to surge
PROSPECTS AND OPPORTUNITIES
Rise in wealthy adults to support demand for premium and luxury cars
Sport utility vehicles (SUVs) to dominate luxury cars
Aspirational consumers across age and geography to drive demand for 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 INDIA
KEY DATA FINDINGS
2022 DEVELOPMENTS
Designer apparel and footwear (ready-to-wear) experiences solid comeback, but challenges loom
Luxury eyewear recovers but supply chain constraints remain
Festivals and weddings support year-on-year growth for luxury jewellery
Recovery of mobility supports both domestic tourism and luxury leather goods
Demand for luxury wearables electronics increases as Indians increasingly aware of maintaining healthy lifestyles
Luxury timepieces experiences gradual recovery as affluent consumers see little impact on incomes
Luxury writing instruments experiences improving sales in a digital age
Super premium beauty and personal care continues to recover
PROSPECTS AND OPPORTUNITIES
Strong opportunity for personal luxury to attract younger generations
Expansion of online presence will make personal luxury more accessible to consumers in smaller cities
Sustainability to gather momentum over forecast period
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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