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Personal Luxury in the United Kingdom

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    Report

  • 29 Pages
  • October 2023
  • Region: United Kingdom
  • Euromonitor International
  • ID: 4825085
Personal luxury retail value sales rose by 9% in 2023 to total GBP18.6 billion, supported by growth recorded by leading brand providers, such as Louis Vuitton UK Ltd and Chanel Ltd. 2023 value sales growth was boosted by consumers investing in luxury goods such as designer apparel and footwear (ready-to-wear) and luxury timepieces as an alternative asset class. Their value and desirability have proven resilient, making them a sought-after investment choice.

The Personal Luxury in United Kingdom report offers a comprehensive guide to the size and shape of the Personal Luxury 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 Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change

Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Personal Luxury 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

PERSONAL LUXURY IN THE UNITED KINGDOMKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Personal luxury sees a rise in current retail value sales in 2023
  • Designer apparel and footwear (ready-to-wear) dominated by designer apparel (ready-to-wear)
  • Luxury eyewear sees rising value sales in 2023
  • Luxury jewellery retail value sales see a rise in 2023
  • Positive value growth for luxury leather goods
  • Value sales of luxury wearables electronics up on previous year
  • Luxury timepieces enjoys value sales increase
  • Value sales of writing instruments and stationery on the increase in 2023
  • Value of super premium beauty and personal care sees a sales rise
  • Louis Vuitton UK Ltd leads personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
  • Value sales are expected to go up in 2023 constant terms over the forecast period
  • Designer apparel and footwear (ready-to-wear) set to remain biggest subcategory in value terms in 2028
  • Luxury leather goods expected to see the fastest percentage growth over the forecast period
CATEGORY DATA
  • Table 1 Sales of Personal Luxury by Category: Value 2018-2023
  • Table 2 Sales of Personal Luxury by Category: % Value Growth 2018-2023
  • Table 3 NBO Company Shares of Personal Luxury: % Value 2018-2023
  • Table 4 LBN Brand Shares of Personal Luxury: % Value 2019-2023
  • Table 5 Distribution of Personal Luxury by Format: % Value 2018-2023
  • Table 6 Forecast Sales of Personal Luxury by Category: Value 2023-2028
  • Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
LUXURY GOODS IN THE UNITED KINGDOM
EXECUTIVE SUMMARY
  • Luxury goods in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 8 Sales of Luxury Goods by Category: Value 2018-2023
  • Table 9 Sales of Luxury Goods by Category: % Value Growth 2018-2023
  • Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
  • Table 11 NBO Company Shares of Luxury Goods: % Value 2018-2022
  • Table 12 LBN Brand Shares of Luxury Goods: % Value 2019-2022
  • Table 13 Distribution of Luxury Goods by Format and Category: % Value 2023
  • Table 14 Forecast Sales of Luxury Goods by Category: Value 2023-2028
  • Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources