Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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Voice of the Consumer: Lifestyles Survey 2025 Key Insights
The Voice of the Consumer: Lifestyles Survey reveals key shifts in consumer values, spending habits and sentiment over the past year. It highlights rising uncertainty, evolving brand loyalty, weakened in-person connections, the growth of generative AI (GenAI) and a reimagined view of luxury. Strateg ... Read More
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Competitor Strategies in Luxury Goods
Economic pressures from COVID-19, inflation, and the cost-of-living crisis have reshaped affluent consumers' wealth and spending habits. Yet, luxury remains resilient, fuelled by high-net-worth individuals and emerging trends in the experience-driven economy and digital innovation. As competition in ... Read More
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Experiential Luxury in Germany
In 2024, Germany witnessed a remarkable surge in tourist arrivals, surpassing pre-pandemic levels for the first time since COVID-19 disrupted global travel. This milestone reflected the nation's robust recovery and its sustained appeal as a premier travel destination in Europe. This development also ... Read More
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Luxury Goods in Germany
Despite recording a positive performance in 2024, value sales of luxury goods in Germany experienced a further slowdown in growth compared to the previous year, driven by ongoing economic instability, although inflation in the country marginally eased. This impacted a number of luxury categories inc ... Read More
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Premium and Luxury Cars in Germany
Premium and luxury cars in Germany continued to record positive retail volume and value growth in 2024. Despite another challenging year, the inflation rate slowed, thereby improving confidence among premium and luxury car consumers. Nevertheless, overall demand remained below pre-pandemic levels in ... Read More
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Personal Luxury in Germany
In 2024, designer apparel and footwear (ready-to-wear) in Germany stagnated, despite the slow recovery of the local economy. Although marginal growth was recorded in value terms, after being adjusted for inflation, the category experienced a decline, made even more evident in retail volume terms. De ... Read More
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Leveraging GenAI for Value Creation, Innovation and Sustainability in Luxury Goods
In a highly volatile marketplace, GenAI is revolutionizing the luxury landscape by enhancing consumer experiences and unlocking new revenue opportunities for brands and retailers. It enables seamless, data-driven collaboration across the supplier network to support sustainability goals. Luxury secto ... Read More
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LVMH Moët Hennessy Louis Vuitton SA in Luxury Goods (World)
LVMH Moët Hennessy Louis Vuitton SA in Luxury Goods (World) LVMH is a strong leader in the personal luxury market with its plethora of brands, many of which have been acquired by the French player, and have subsequently flourished under its ownership. LVMH is also expanding its operations in experie ... Read More
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Where Consumers Shop for Luxury Goods
Where Consumers Shop for Luxury Goods The pandemic, cost-of-living crisis and high inflation continue to have an impact on affluent consumers, their wealth, and their shopping habits on luxury goods. Offline retail maintains its importance alongside e-commerce, as luxury consumers demand seamless in ... Read More
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Personal Luxury in Taiwan
Personal Luxury in Taiwan In 2024, retail value sales of designer apparel and footwear (ready-to-wear) rose by 3% to a total of TWD67 billion, with designer apparel (ready-to-wear) accounting for most value sales at TWD4 billion. While retail value sales benefited from inflation, volume increased to ... Read More
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Luxury Goods in Taiwan
Luxury Goods in Taiwan In 2024, retail value sales of luxury goods in Taiwan increased by 8% in current terms, reaching TWD 596 billion. Despite inflationary pressures, affluent consumers continued to invest in luxury experiences and high-end products, focusing on limited edition, customisable, and ... Read More
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Experiential Luxury in Taiwan
Experiential Luxury in Taiwan In 2024, sales of experiential luxury increased by 7% to amount to TWD11.3 billion, boosted by wealthier individuals enjoying travelling and dining out. Due to the COVID-19 outbreak, value sales declined by 46% to TWD5 billion in 2020. In 2024, figures exceeded the pre- ... Read More
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Premium and Luxury Cars in Taiwan
Premium and Luxury Cars in Taiwan Retail value sales of premium and luxury cars in Taiwan grew by 13% in 2024, reaching TWD 274 billion, up from TWD 241 billion in 2023. The demand for these high-end vehicles is closely tied to wealth, with sales performance heavily influenced by consumer confidence ... Read More
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Top Five Trends in Luxury Goods
Top Five Trends in Luxury Goods The global luxury goods industry continues to recover; however, luxury brands are beginning to feel the strain of sluggish global growth. Caution and uncertainty reign across the landscape amid these volatile conditions, and the industry will continue to be shaped by ... Read More
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Personal Luxury in Indonesia
Personal Luxury in Indonesia Collaboration has become a prominent strategy that has been observed among luxury brands and it had a significant impact on designer apparel and footwear (ready-to-wear) in 2024. These partnerships mainly included a mix of luxury brands and more accessible brands and cel ... Read More
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Experiential Luxury in Indonesia
Experiential Luxury in Indonesia According to the Ministry of Tourism and Creative Economy, the number of international tourists visiting Indonesia in 2024 saw double-digit growth compared to 2023. The key source markets were other ASEAN countries like Singapore and Malaysia, as well as visitors fro ... Read More
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Premium and Luxury Cars in Indonesia
Premium and Luxury Cars in Indonesia Sales of premium and luxury cars in Indonesia saw strong growth in 2023, although broader economic uncertainties and a cooling consumer demand were seen towards the end of the year. Despite this, sales of premium and luxury cars continued to deliver double-digit ... Read More
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Luxury Goods in Indonesia
Luxury Goods in Indonesia Sales of luxury goods in Indonesia saw a robust performance in 2024 supported by an economic recovery and healthy GDP growth. The number of High Net Worth Individuals (HNWIs) and Ultra High Net Worth Individuals (UHNWIs) in the country is rising while there was also an incr ... Read More
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Premium and Luxury Cars in Switzerland
Premium and Luxury Cars in Switzerland Sales of premium and luxury cars have declined in current value and retail volume terms in 2024. This represents two opposing trends in Switzerland whereby the demand for high-end, energy and fuel efficient cars that offer a higher level of comfort and safety k ... Read More
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Experiential Luxury in Switzerland
Experiential Luxury in Switzerland Experiential luxury has continued to double-digit growth in current value terms in 2024 as the market continued to recover from the negative effects of COVID-19. Sales have also benefited from an improvement in the Swiss economy. Nevertheless, the war in Ukraine an ... Read More
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Luxury Goods in Switzerland
Luxury Goods in Switzerland Switzerland’s economy has seen a moderate recovery in 2024 with low GDP growth. This provided a boost to consumer confidence although many consumers remain conservative in their non-essential spending. The performance of luxury goods has reflected this trend in 2024 with ... Read More
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Personal Luxury in Switzerland
Personal Luxury in Switzerland Designer apparel and footwear (ready to wear) has seen only modest growth in retail volume terms in 2024 while seeing more moderate growth in current value terms due to an increase in unit prices. Although the Swiss economy started to show signs of recovery in 2024 wit ... Read More
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Luxury Goods in the US
Luxury Goods in the US Retail current value sales of luxury goods are set to continue to grow in the US in 2024. Although growth is expected to remain solid, it will be slightly slower than in 2023, impacted by both global and local factors which are leading consumers to become more cautious. Intern ... Read More
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Personal Luxury in the US
Personal Luxury in the US Designer apparel and footwear (ready-to-wear) in the US is expected to continue to lag behind the retail current value growth in the broader personal luxury category in 2024, despite continuing to account for the highest sales. In 2024, it is expected to see a modest 2% inc ... Read More
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Premium and Luxury Cars in the US
Premium and Luxury Cars in the US Premium and luxury cars in the US is set to maintain double-digit retail current value growth in 2024. Tesla Inc was the clear leader in premium and luxury cars in 2023. Its share of retail value sales went from 19% in 2021 to 33% in 2022. However, in 2023 Tesla’s s ... Read More
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