Market research on the luxury goods industry. Our reports feature a wealth of standardised and cross-comparable statistics including total market sizes, market share and share data, distribution and industry trends.
Luxury and fashion players are facing a deeply transformed consumer and retail landscape post-Coronavirus (COVID-19). Survival and recovery strategies are likely to revolve around agile adaptability and a careful review of legacy standard operating…
In the Voice of the Industry series, Euromonitor International connects with industry professionals to explore trends and innovations. This report focuses on the Luxury Goods industry, drawing on a survey of over 300 professionals working in luxury…
The COVID-19 pandemic has brought about significant changes in business models and consumer behaviour, as well as altering the ways and the geography many of us live, work, study and play. Understanding what changes will stick after the pandemic…
Competitor strategies across the luxury goods landscape have been evolving in recent years under the impact of digitalisation and changing consumer values. The impact of the global coronavirus pandemic however has weighed heavily on luxury corporates…
Whilst pent up savings and demand, as well as improved consumer confidence, will help to support recovery, the luxury industry still faces huge challenges, not least as consumers are saving rather than spending and many major economies are still…
While the global luxury goods market contracted notably, Asia showed signs of recovery as early as Q2 2020, minimising the impact of the coronavirus (COVID-19) pandemic. This report analyses the background to the quick recovery of personal luxury…
The global outlook has improved as of Q1 2021, thanks to vaccination progress in many developed countries. Nevertheless, the recovery prospects remain distant for most economies in the face of the spread of new, more infectious variants of the virus.…
Consumer spending on luxury goods continues to undergo unprecedented levels of channel shifts due to the long-term effects of the Coronavirus (COVID-19) pandemic and there is no doubt that the outbreak will be seen as a catalyst for a stronger move…
Pre COVID-19, South Africa was already experiencing low consumer confidence, low economic growth and high unemployment. In 2020, with the emergence of COVID-19 and measures implemented to control the virus, South Africa’s real GDP declined into a…
After seeing solid current value growth rates throughout most of the review period, personal luxury saw a significant decline in 2020. The arrival of COVID-19 in the country led the South African government to take action to try and halt the spread…
Although luxury writing instruments and stationery saw slow retail volume declines for the last few years of the review period, the category saw a much stronger fall in sales in 2020, along with a slower decline in current value terms, although this…
After seeing both retail volume and current value growth for several years, luxury timepieces turned to strong decline in volume terms in 2020, with a slightly slower current value decline due to price rises. In order to stop the spread of COVID-19…
Although luxury portable consumer electronics saw retail volume and current value declines in 2019, these were minor compared with the massive falls in sales experienced in 2020. In 2019, more than half of sales of luxury portable consumer…
After seeing dynamic growth during most of the review period, luxury leather goods turned to strong decline in retail current value terms in 2020. Meanwhile, although volume sales had already seen slight falls in the previous three years, in 2020…
Although luxury jewellery saw retail volume declines for most of the review period, they were insignificant compared with the fall in sales seen in 2020. Meanwhile, current value sales fell from growth in 2019 to a double-digit decline in 2020. The…
Luxury hotels saw a double-digit current value decline in 2020. Interprovincial and international restrictions due to the COVID-19 lockdown to stop the spread of the virus led to a reduction in the travel and tourism industry, which was limited to…
Luxury goods turned to strong current value decline in 2020, due to the impact of COVID-19. When the virus emerged in the country, the South African government implemented a risk-adjusted strategy at five different levels which dictated the economic…
After seeing slow retail volume growth and a stronger current value increase in 2019, in 2020 luxury eyewear turned to strong declines by both measures. Eyewear stores, including vision correction optical stores with qualified optometrists, were…
Fine wines/champagne and spirits saw a strong double-digit current value decline in 2020, and an even stronger retail volume decline, after seeing solid increases during the previous years of the forecast period. A national ban on the trading of…
In 2020, after seeing strong growth rates during most of the review period, experiential luxury turned to double-digit current value decline. Interprovincial and international travel were banned by the South African government as part of the COVID-19…