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Luxury Goods in France

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    Report

  • 51 Pages
  • October 2024
  • Region: France
  • Euromonitor International
  • ID: 2509888
Luxury goods in France is still expected to experience positive retail current value growth in 2024, but at a slower rate than in 2023, due to several factors. These include poor weather during the first half of the year (thus under-average consumer footfall), and a rather gloomy summer season. The latter was because tourists and visitors came for the Olympics, and frequented restaurants and hotels, but less so prestigious specialised luxury stores and department stores.

The Luxury Goods in France 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 FRANCEKEY DATA FINDINGS
2024 DEVELOPMENTS
  • 2024 is another outstanding year for experiential luxury, mainly in Paris
  • A better performance for Parisian outlets in a fragmented competitive landscape
  • AI and sustainable development can be compatible with experiential luxury
PROSPECTS AND OPPORTUNITIES
  • Trickle-down effect from the Olympic Games, or a return to normalisation, with risks for upscale and luxury hotels
  • Ongoing development and upgrading anticipated, and lower competition expected from luxury short-term rentals
  • More AI, but also more sustainable development in luxury hotels
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 FRANCEKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Slower growth expected in 2024 than in 2023, especially for fine wines
  • Despite non-negligible premiumisation for the greatest signatures, still a gloomy context for fine champagne
  • Luxury spirits sees a sluggish performance in 2023-2024 due to a conjunction of negative factors
PROSPECTS AND OPPORTUNITIES
  • No real hope of significant growth for other fine wine and fine champagne
  • The younger generations need more transparency and innovation
  • Luxury spirits - slow and stable growth expected
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 FRANCEKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Dynamism continues in 2024, but slower than in 2023
  • Mainstream premium and luxury cars largely dominate, but outsiders record the most dynamic growth in 2023
  • Customisation and personalisation play a growing role, while self-driving is still late to take off
PROSPECTS AND OPPORTUNITIES
  • At first sight, no reason to observe a slowdown, thanks to growing demand, electric cars, and new technologies
  • Worrying signs for electric and hybrid high-end cars; however, mainly for Western manufacturers
  • Sustainability outlook - the indirect competition from vintage premium and luxury cars
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 FRANCEKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Designer apparel and footwear (ready-to-wear)
  • Luxury eyewear
  • Luxury jewellery
  • Luxury leather goods
  • Luxury wearables
  • Luxury timepieces
  • Luxury writing instruments and stationery
  • Super premium beauty and personal care
PROSPECTS AND OPPORTUNITIES
  • Continued growth for personal luxury over 2024-2029, although more modest
  • Ongoing favourable outlook for sustainability, but there is the double-edged sword of second-hand luxury
  • Continuous upsurge of retail e-commerce via omnichannel and new technologies
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