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Redefining Luxury: From Product to Purpose, Lifestyle, and Value

Publisher Euromonitor International
Published Jul 15, 2025
Length 46 Pages
SKU # EP20215148

Description

The evolving landscape of the luxury industry highlights a significant shift from material possessions to experiential value and lifestyle integration. Amid economic challenges and changing consumer expectations, luxury brands are prioritising authenticity, immersive environments, and community-driven experiences. This transformation spans many sectors like hospitality, wellness, and home— while also considering the role of the retail channel for future growth.

Euromonitor International's Redefining Luxury: From Product to Purpose, Lifestyle, and Value global briefing offers an insight into the size and shape of the luxury goods industry, highlights buzz topics, emerging trends as well as pressing industry issues, their effects on luxury goods retailing in markets around the world and on the development of consumers’ shopping patterns. Forecasts illustrate how the market is set to change and criteria for success. In short, it identifies the opportunity zones within luxury goods industry

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

46 Pages
Executive summary
Introduction
The shift from possessions to experiences
Wellness as the ultimate status symbol
The transformation of luxury third spaces
Conclusion
Appendix

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