Category: Luxury Goods
Luxury Goods market research reports by Euromonitor International
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Premium and Luxury Cars in Canada
Premium and Luxury Cars in Canada In 2024, premium and luxury car sales experienced healthy growth despite challenges in the broader car market caused by economic headwinds. Canadian consumers faced a higher cost of living and elevated interest rates, particularly affecting essentials such as housin ... Read More
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Personal Luxury in Canada
Personal Luxury in Canada Designer apparel and footwear (ready-to-wear) saw lower growth in 2024 following stronger, recovery-driven growth in 2023. Consumers largely replenished and refreshed their wardrobes in 2023 and bought less in 2024, with discretionary spending weighed down by cost-of-living ... Read More
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Experiential Luxury in the Netherlands
Experiential Luxury in the Netherlands Experiential luxury has seen strong growth in current value terms as well as healthy growth in retail volume terms in 2024. Category sales are largely accounted for by luxury hotels which have benefited from higher occupation rates as a result of the increase f ... Read More
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Premium and Luxury Cars in Turkey
Premium and Luxury Cars in Turkey The market for premium and luxury cars in Turkey poised for robust growth in current value terms in 2024. Euromonitor International's Premium and Luxury Cars in Turkey report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at ... Read More
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Experiential Luxury in Canada
Experiential Luxury in Canada In 2024, the recovery of both international and domestic travel has significantly strengthened Canada's luxury hotel sector. Affluent consumers, less affected by inflation, are driving demand for high-end experiences, with occupancy rates rising across major urban centr ... Read More
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Experiential Luxury in Turkey
Experiential Luxury in Turkey Experiential luxury in Turkey, which includes both luxury hotels and foodservice, is set to register a buoyant performance in 2024, due to several key factors. Firstly, the resurgence of international tourism is significantly boosting demand for luxury accommodation and ... Read More
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Luxury Goods in Canada
Luxury Goods in Canada In 2024, luxury goods in Canada witnessed a moderation in growth, following the robust post-pandemic surge seen in 2023. Categories like luxury travel goods and luxury leather goods experienced healthy sales due to the continued recovery in travel, with consumers increasingly ... Read More
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Luxury Goods in Turkey
Luxury Goods in Turkey The luxury goods market in Turkey is projected to sustain double-digit growth in current value terms in 2024, albeit at a slower rate than the previous year. The country continues to contend with persistently high inflation and elevated interest rates, which are significantly ... Read More
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Personal Luxury in the Netherlands
Personal Luxury in the Netherlands Sales of designer apparel and footwear (ready-to-wear) have stagnated in 2024 in current value and retail volume terms. The Dutch remain cautious towards spending despite improvements in the economy. Nonetheless, many people still remain very interested in designer ... Read More
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Premium and Luxury Cars in the Netherlands
Premium and Luxury Cars in the Netherlands The improving state of the Dutch economy and an increase in real wages has provided a boost to consumer confidence in 2024 with more people showing a willingness to invest in new premium and luxury cars. Manufacturers and retailers have remained active in p ... Read More
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Personal Luxury in Mexico
Personal Luxury in Mexico Retail value sales of personal luxury in Mexico continue to rise, driven by the largest category of designer apparel and footwear (ready-to-wear). Retail value sales of the latter are set to increase by 5% over the year to total MXN37.2 billion (holding a 33% value share ov ... Read More
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Experiential Luxury in Japan
Experiential Luxury in Japan Luxury foodservice is thriving in Japan, fuelled by consumers’ growing interest in unique culinary experiences. For this reason, more luxury brands are entering the foodservice industry as part of a broader strategy to offer unique and memorable experiences to customers. ... Read More
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Premium and Luxury Cars in Japan
Premium and Luxury Cars in Japan Premium and luxury cars in Japan is set to see a contraction of sales in retail current value terms in 2024. This, however, comes after a dynamic few years, with strong growth in 2022 returning sales to above the pre-COVID-19 (2019) level, and stellar growth seen in ... Read More
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Experiential Luxury in Mexico
Experiential Luxury in Mexico Retail value sales of experiential luxury in Mexico are set to increase by 15% in 2024 to total MXN161 billion. According to Secretary of Tourism (SECTUR) data for 2024, it is estimated that the income of foreign currency from international visitors to Mexico will rise ... Read More
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Luxury Goods in Japan
Luxury Goods in Japan Retail value sales of luxury goods in Japan are set to increase in current terms in 2024, although growth is expected to be slower than in the previous few years. While in previous years, there was recovery from the COVID-19-related decline in 2020, sales of luxury goods had al ... Read More
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Premium and Luxury Cars in France
Premium and Luxury Cars in France In 2024, premium and luxury cars in France is set to continue to post appreciable growth both in retail volume and current value terms; albeit less than the excellent year of 2023, which still enjoyed a positive post-COVID-19 effect. This continuous progression nota ... Read More
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Personal Luxury in Japan
Personal Luxury in Japan In 2024, the retail current value growth of designer apparel and footwear in Japan is expected to experience a noticeable slowdown. Despite the overall resilience of luxury goods, several factors are contributing to this deceleration. Economic uncertainties, including the ri ... Read More
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Luxury Goods in Mexico
Luxury Goods in Mexico Retail value sales of luxury goods in Mexico continue to rise in 2024. The most dynamic category within luxury goods in 2024 is predicted to be super premium beauty and personal care, due to greater interest in purchasing premium products that have gained relevance among consu ... Read More
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Luxury Goods in France
Luxury Goods in France Luxury goods in France is still expected to experience positive retail current value growth in 2024, but at a slower rate than in 2023, due to several factors. These include poor weather during the first half of the year (thus under-average consumer footfall), and a rather glo ... Read More
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Premium and Luxury Cars in Mexico
Premium and Luxury Cars in Mexico Retail volume and value sales of premium and luxury cars in Mexico continue to increase in 2024, although they are set to remain lower than pre-pandemic levels during the year (just under 50,000 units, and retail value sales of MXN53.7 billion). Among the different ... Read More
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Experiential Luxury in France
Experiential Luxury in France The year 2023 saw notable growth in experiential luxury in France, despite strikes, demonstrations, and blockades affecting the country’s image abroad. All travel segments showed a significant return, including business travellers, seminars and conventions, and weddings ... Read More
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Personal Luxury in France
Personal Luxury in France Designer apparel and footwear (ready-to-wear) is expected to continue to record positive retail current value growth in France in 2024, but the rate of increase is expected to be far lower than the increase in 2023, which has surprised many luxury players. Despite the ongoi ... Read More
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Personal Luxury in the United Kingdom
Personal Luxury in the United Kingdom Value sales of designer apparel and footwear (ready-to-wear) in the UK continue to grow in 2024, albeit by a slower rate than 2023. Designer apparel (ready-to-wear) is showing a more robust performance than designer footwear in value growth terms, with women’s d ... Read More
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Premium and Luxury Cars in the United Kingdom
Premium and Luxury Cars in the United Kingdom Sales of premium and luxury cars in the UK remain significantly lower than pre-pandemic levels in 2024, despite double-digit growth rates the previous year. While some high net worth individuals continue to invest in premium vehicles, the overall dynamic ... Read More
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Luxury Goods in the United Kingdom
Luxury Goods in the United Kingdom Luxury goods in the UK is fragmented, and positive growth is only evident across some categories. The market initially proved resilient to inflationary pressures, the pandemic and Brexit. However, the stability seen in recent years for luxury goods in the UK is wan ... Read More
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