Market research on the luxury goods industry. Our reports feature...
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.
Retail value sales of luxury goods in the US grew by 6% in 2023 in current terms, to stand at USD264.8 billion. Growth within luxury goods was positive despite headwinds caused by the cost-of-living crisis, inflation, and the war in Ukraine. The…
Retail value sales of luxury goods in Turkey went up by 36% in 2023 in current terms, to stand at TRY223.9 billion. Growth in sales was fuelled by several factors during the post-lockdown period. One significant driver was a desire amongst affluent…
Early July 2020, Euromonitor published revised forecasts for luxury goods for 2020-2024 that considered the implications of the novel Coronavirus. Overall, Coronavirus (COVID-19) is expected to severely suppress global demand for luxury goods in…
In this half-year (H1-2021) update briefing, we investigate the latest developments in the global luxury goods industry, with a focus on the macro-economic and demographic changes and what these mean for our view of a likely outlook in the short to…
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…