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Country Report

Luxury Leather Goods in

Luxury Leather Goods in Australia

Jan 2021

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

COVID-19 leads to significant decline in sales of luxury leather goods but e-commerce accelerates in 2020

Fashion and accessories are discretionary industries by nature and deemed non-essential by most consumers. Therefore, the onset of the COVID-19 pandemic resulted in sharp declines in sales of luxury leather goods in 2020.

Travel restrictions deals blow to sales of luxury leather goods in 2020

Luxury leather goods suffered greatly in 2020 as a result of the COVID-19 pandemic, which forced retailers to close their stores and caused tourism to come to an abrupt and damaging halt for luxury brands and retailers. The abrupt disruption of international tourism, especially wealthy Chinese travellers, caused a significant decline in sales of luxury leather goods for retailers and brands that relied heavily on the spending power of these consumers.

Brands increasingly aligned with consumers’ sustainability demands in 2020

Luxury leather goods brands and retailers will have to become better at catering to the tastes of local consumers who increasingly want brands whose values and practices they identify with, and who value sustainable objectives in their path to purchase. Prada Australia Pty Ltd, for example, introduced a new collection, Prada Nylon, in mid-September 2020 in limited stores worldwide.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Leather Goods industry in Australia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Leather Goods industry in Australia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Leather Goods in Australia market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Leather Goods in Australia?
What are the major brands in Australia?
How dynamic is the growth of Luxury Leather Goods internet sales?
What is driving growth?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply function

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Luxury Leather Goods in Australia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

COVID-19 leads to significant decline in sales of luxury leather goods but e-commerce accelerates in 2020

Travel restrictions deals blow to sales of luxury leather goods in 2020

Brands increasingly aligned with consumers’ sustainability demands in 2020

RECOVERY AND OPPORTUNITIES

Luxury leather goods set to recover to pre-COVID-19 levels faster thanks to functional pieces and some affordable items over the forecast period

Animal rights remain key over the forecast period and Prada bans use of kangaroo leather

Resale of vintage items remains a threat to luxury leather goods over the forecast period

CATEGORY DATA

Table 1 Sales of Luxury Leather Goods: Value 2015-2020
Table 2 Sales of Luxury Leather Goods: % Value Growth 2015-2020
Table 3 NBO Company Shares of Luxury Leather Goods: % Value 2015-2019
Table 4 LBN Brand Shares of Luxury Leather Goods: % Value 2016-2019
Table 5 Distribution of Luxury Leather Goods by Format: % Value 2015-2020
Table 6 Forecast Sales of Luxury Leather Goods: Value 2020-2025
Table 7 Forecast Sales of Luxury Leather Goods: % Value Growth 2020-2025

Luxury Goods in Australia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Luxury Leather Goods in Australia

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

COVID-19 leads to significant decline in sales of luxury leather goods but e-commerce accelerates in 2020

Travel restrictions deals blow to sales of luxury leather goods in 2020

Brands increasingly aligned with consumers’ sustainability demands in 2020

Overview

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Table of Contents

Luxury Leather Goods in Australia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

COVID-19 leads to significant decline in sales of luxury leather goods but e-commerce accelerates in 2020

Travel restrictions deals blow to sales of luxury leather goods in 2020

Brands increasingly aligned with consumers’ sustainability demands in 2020

RECOVERY AND OPPORTUNITIES

Luxury leather goods set to recover to pre-COVID-19 levels faster thanks to functional pieces and some affordable items over the forecast period

Animal rights remain key over the forecast period and Prada bans use of kangaroo leather

Resale of vintage items remains a threat to luxury leather goods over the forecast period

CATEGORY DATA

Luxury Goods in Australia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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