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Luxury Goods in the United Kingdom

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    Report

  • 40 Pages
  • June 2022
  • Region: United Kingdom
  • Euromonitor International
  • ID: 2509892
Luxury goods is set to experience double-digit current value growth in 2022 as the UK has lifted its pandemic-related restrictions. The return to more normal levels of lifestyles is leading to a more positive outlook which is boosting consumer confidence to make discretionary purchases again, and thereby encouraging a return to luxury stores.

This 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 2026 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 2022: The big picture
  • 2022 key trends: Luxury consumers demand longevity, sustainability and meaning
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 1 Sales of Luxury Goods by Category: Value 2017-2022
  • Table 2 Sales of Luxury Goods by Category: % Value Growth 2017-2022
  • Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
  • Table 4 NBO Company Shares of Luxury Goods: % Value 2017-2021
  • Table 5 LBN Brand Shares of Luxury Goods: % Value 2018-2021
  • Table 6 Distribution of Luxury Goods by Format and Category: % Value 2022
  • Table 7 Forecast Sales of Luxury Goods by Category: Value 2022-2027
  • Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
SOURCES
  • Summary 1 Research Sources
EXPERIENTIAL LUXURY IN THE UNITED KINGDOMKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Experiential luxury sales continue to recover from impact of pandemic
  • Ongoing return of domestic and international tourism in 2022
PROSPECTS AND OPPORTUNITIES
  • Potential growth opportunities in luxury foodservice post-pandemic
  • New openings and luxury hospitality trends
CATEGORY DATA
  • Table 9 Sales of Experiential Luxury by Category: Value 2017-2022
  • Table 10 Sales of Experiential Luxury by Category: % Value Growth 2017-2022
  • Table 11 NBO Company Shares of Experiential Luxury: % Value 2017-2021
  • Table 12 LBN Brand Shares of Experiential Luxury: % Value 2018-2021
  • Table 13 Forecast Sales of Experiential Luxury by Category: Value 2022-2027
  • Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2022-2027
FINE WINES/CHAMPAGNE AND SPIRITS IN THE UNITED KINGDOMKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Recovery from pandemic leads to slowing retail demand for alcoholic drinks
  • Return of fine champagne
  • Luxury spirits proves less resilient
PROSPECTS AND OPPORTUNITIES
  • Tequila is marked as the spirit to watch
Lifting of trade tariffs opens door for growth of US spirits in the UK
  • Celebrity endorsements boost traditional luxury cognac
CATEGORY DATA
  • Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022
  • Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022
  • Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2017-2021
  • Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2018-2021
  • Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2017-2022
  • Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2022-2027
  • Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2022-2027
PREMIUM AND LUXURY CARS IN THE UNITED KINGDOMKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Impact of pandemic on premium and luxury cars
  • A final generation of petrol-driven supercars for some brands
PROSPECTS AND OPPORTUNITIES
  • Growth of electric car industry
  • A hybrid future for supercars
CATEGORY DATA
  • Table 22 Sales of Premium and Luxury Cars: Value 2017-2022
  • Table 23 Sales of Premium and Luxury Cars: % Value Growth 2017-2022
  • Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021
  • Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021
  • Table 26 Forecast Sales of Premium and Luxury Cars: Value 2022-2027
  • Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027
PERSONAL LUXURY IN THE UNITED KINGDOMKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Designer apparel and footwear (ready-to-wear) continues to recover with consumers celebrating a return to “normality”
  • Luxury spectacle frames remains stronger performer in luxury eyewear
  • Luxury jewellery sees booming demand from greater disposable income during pandemic
  • Luxury leather goods remain key wardrobe items
  • Luxury wearables benefits from consumer demand for smart devices
  • Luxury timepieces appeal to investment-focused consumers
  • Luxury writing instruments and stationery
  • Super premium beauty and personal care
PROSPECTS AND OPPORTUNITIES
  • Luxury leather goods set to record strong growth as consumers search for exceptional products
  • Designer apparel and footwear continues to benefit from revenge spending
  • Luxury jewellery and timepieces forecast for strong growth as investments
CATEGORY DATA
  • Table 28 Sales of Personal Luxury by Category: Value 2017-2022
  • Table 29 Sales of Personal Luxury by Category: % Value Growth 2017-2022
  • Table 30 NBO Company Shares of Personal Luxury: % Value 2017-2021
  • Table 31 LBN Brand Shares of Personal Luxury: % Value 2018-2021
  • Table 32 Distribution of Personal Luxury by Format: % Value 2017-2022
  • Table 33 Forecast Sales of Personal Luxury by Category: Value 2022-2027
  • Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2022-2027