Sales of personal luxury are expected to increase at a CAGR of 5% in current value terms (2% constant value CAGR) over the forecast period to reach GBP23.4 billion.
Designer apparel and footwear (ready-to-wear) will continue to be the largest subcategory, with sales worth GBP8.7 billion in 2028, and will rise at a CAGR of 4% in current value terms (2% 2023 constant value terms).
Luxury leather goods will be the most dynamic subcategory over 2023-2028, with sales rising at a current value CAGR of 8% (6% 2023 constant value CAGR). Growth in the coming years will, amongst others, be driven by investment in luxury goods, particularly leather goods, as an alternative asset class.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in United Kingdom with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Personal Luxury industry in United Kingdom, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Personal Luxury
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.
See All of Our DefinitionsThis report originates from Passport, our Personal Luxury research and analysis database.
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