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Luxury Goods in the United Kingdom

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    Report

  • 43 Pages
  • October 2024
  • Region: United Kingdom
  • Euromonitor International
  • ID: 2509892
Luxury goods in the UK is fragmented, and positive growth is only evident across some categories. The market initially proved resilient to inflationary pressures, the pandemic and Brexit. However, the stability seen in recent years for luxury goods in the UK is waning. Luxury brands are developing strategies to remain resilient to economic uncertainties, such as inflation and shifting consumer spending patterns.

The Luxury Goods in United Kingdom report offers a comprehensive guide to the size and shape of the Luxury Goods market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change

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

EXECUTIVE SUMMARY
  • Luxury goods in 2024: The big picture
  • 2024 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 1 Sales of Luxury Goods by Category: Value 2019-2024
  • Table 2 Sales of Luxury Goods by Category: % Value Growth 2019-2024
  • Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
  • Table 4 NBO Company Shares of Luxury Goods: % Value 2019-2023
  • Table 5 LBN Brand Shares of Luxury Goods: % Value 2020-2023
  • Table 6 Distribution of Luxury Goods by Format and Category: % Value 2024
  • Table 7 Forecast Sales of Luxury Goods by Category: Value 2024-2029
  • Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
EXPERIENTIAL LUXURY IN THE UNITED KINGDOMKEY DATA FINDINGS
2024 DEVELOPMENTS
  • The ongoing value behind experiences as part of luxury lifestyles
  • Leveraging sustainability and AI drives experiential luxury’s development
  • Both tradition and innovation feature in the competitive landscape
PROSPECTS AND OPPORTUNITIES
  • Luxury footprint expanding beyond long-established UK cities
  • Sustainable experiential luxury will continue to be a cornerstone for new openings
  • Heritage, health and harmony to determine future developments
CATEGORY DATA
  • Table 9 Sales of Experiential Luxury by Category: Value 2019-2024
  • Table 10 Sales of Experiential Luxury by Category: % Value Growth 2019-2024
  • Table 11 NBO Company Shares of Experiential Luxury: % Value 2019-2023
  • Table 12 LBN Brand Shares of Experiential Luxury: % Value 2020-2023
  • Table 13 Forecast Sales of Experiential Luxury by Category: Value 2024-2029
  • Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2024-2029
FINE WINES/CHAMPAGNE AND SPIRITS IN THE UNITED KINGDOMKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Positive performance and repositioning English wine
  • Artisanal craft remains a focus for new developments
  • Health-conscious drinking driven by Generation Z and embraced by luxury leaders
PROSPECTS AND OPPORTUNITIES
  • Fine wines and champagne remain a cornerstone of category performance
  • Premiumisation of at-home drinking
  • Sustainability, education and wellness to drive future innovation
CATEGORY DATA
  • Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2019-2024
  • Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2019-2024
  • Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2019-2023
  • Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2020-2023
  • Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2019-2024
  • Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2024-2029
  • Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2024-2029
PREMIUM AND LUXURY CARS IN THE UNITED KINGDOMKEY DATA FINDINGS
2024 DEVELOPMENTS
  • A troubling year for premium and luxury cars
  • Technology innovations continue to drive development decisions
  • Consolidated competitive landscape remains fairly stable
PROSPECTS AND OPPORTUNITIES
  • Shifting consumer preferences will dictate priorities
  • Regulatory pressures determine technological developments
  • Sustainability across the value chain will be driven by manufacturers and consumers
CATEGORY DATA
  • Table 22 Sales of Premium and Luxury Cars: Value 2019-2024
  • Table 23 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
  • Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
  • Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
  • Table 26 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
  • Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029
PERSONAL LUXURY IN THE UNITED KINGDOMKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Designer apparel and footwear (ready-to-wear)
  • Luxury eyewear
  • Luxury jewellery
  • Luxury leather goods
  • Luxury wearable electronics
  • Luxury timepieces
  • Luxury writing instruments and stationery
  • Super premium beauty and personal care
PROSPECTS AND OPPORTUNITIES
  • Continual need to adapt to shifting consumer behaviour
  • Sustainability and “cost to produce” will continue to be of interest
  • Luxury retailing experiences to leverage omnichannel strategies
CATEGORY DATA
  • Table 28 Sales of Personal Luxury by Category: Value 2019-2024
  • Table 29 Sales of Personal Luxury by Category: % Value Growth 2019-2024
  • Table 30 NBO Company Shares of Personal Luxury: % Value 2019-2023
  • Table 31 LBN Brand Shares of Personal Luxury: % Value 2020-2023
  • Table 32 Distribution of Personal Luxury by Format: % Value 2019-2024
  • Table 33 Forecast Sales of Personal Luxury by Category: Value 2024-2029
  • Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2024-2029