For luxury brands, the onus was on creating "hype" products and campaigns in 2018, whilst expanding their portfolios to incorporate experiential elements in the consumer experience. This was part of a drive to attract the millennial demographic and offset the economic downturn caused by Brexit. Luxury goods in the UK was characterised by growth in most categories, thanks to brands' continued digital innovation and engagement with technology and social media; the boom of "hype" products; and the...
Euromonitor International's 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 2023 illustrate how the market is set to change
Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Luxury Cars, Personal Luxury.
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.
Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.
Luxury Goods in the United Kingdom
Euromonitor International
February 2019
LIST OF CONTENTS AND TABLES
Executive Summary
Luxury Remains Resilient Amidst Political Uncertainty
Brexit Looms, But Millennials Prevent Gloom
Conspicuous Consumption Online Encourages Traditional Brands To Modernise
Internet Retailing Is Rapidly Becoming A Necessity for Brands, Not A Choice
Digitisation Paves the Road Ahead
Market Indicators
Table 1 Number of High Net Worth Individuals (HNWI): 2013-2018
Market Data
Table 2 Sales of Luxury Goods by Category: Value 2013-2018
Table 3 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 4 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 5 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 6 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 7 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 8 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 9 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023
Sources
Summary 1 Research Sources
Headlines
Prospects
Luxury Foodservice Grows As Part of the Wider Foray Into Experiential Luxury
the Entry of New Players
Foodservice Feeds Into the Democratisation of Luxury
Competitive Landscape
Brands Embody Their Identities in Foodservice Offerings
Haute Couture and Haute Cuisine Join Forces
the Need To Embody A Brand's Luxury Identity and Heritage
Category Data
Table 10 Sales in Luxury Foodservice: Value 2013-2018
Table 11 Sales in Luxury Foodservice: % Value Growth 2013-2018
Table 12 NBO Company Shares in Luxury Foodservice: % Value 2013-2017
Table 13 LBN Brand Shares in Luxury Foodservice: % Value 2014-2017
Table 14 Forecast Sales in Luxury Foodservice: Value 2018-2023
Table 15 Forecast Sales in Luxury Foodservice: % Value Growth 2018-2023
Headlines
Prospects
Luxury Hotels Flourishes
the Shift From "owning" To "being"
the Importance of Digital Development
Competitive Landscape
Marriott International Remains in the Lead
the Combining of Loyalty Programmes
the Boost Provided by the Brexit Vote and Weaker Sterling Is Starting To Slow
Category Data
Table 16 Sales in Luxury Hotels: Value 2013-2018
Table 17 Sales in Luxury Hotels: % Value Growth 2013-2018
Table 18 Sales in Luxury Hotels by Country of Origin: % Value 2013-2017
Table 19 NBO Company Shares in Luxury Hotels: % Value 2013-2017
Table 20 LBN Brand Shares in Luxury Hotels: % Value 2014-2017
Table 21 Forecast Sales in Luxury Hotels: Value 2018-2023
Table 22 Forecast Sales in Luxury Hotels: % Value Growth 2018-2023
Headlines
Prospects
Consumers Face Price Increases
Luxury Spirits Maintains Good Momentum
the Renaissance of Gin
Competitive Landscape
British Vineyards See A Window of Opportunity
Diageo Wins on All Fronts
the Top Player Moët Hennessy Stalls
Category Data
Table 23 Sales of Fine Wines/Champagne and Spirits by Category: Value 2013-2018
Table 24 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2013-2018
Table 25 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2013-2017
Table 26 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2014-2017
Table 27 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2013-2018
Table 28 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023
Table 29 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023
Headlines
Prospects
A Sluggish Performance in 2018
Luxury Cars Set To Outperform Amidst the Weak UK Car Market Overall
the Expanding Base of High-net Worth Individuals Will Boost Demand
Competitive Landscape
Tesla Outperforms the Rest
German Manufacturers Dominate Luxury Cars
Leading German Manufacturers Will Move Quickly Into High-end Electric Cars
Category Data
Table 30 Sales of Luxury Cars: Value 2013-2018
Table 31 Sales of Luxury Cars: % Value Growth 2013-2018
Table 32 NBO Company Shares of Luxury Cars: % Value 2013-2017
Table 33 LBN Brand Shares of Luxury Cars: % Value 2014-2017
Table 34 Forecast Sales of Luxury Cars: Value 2018-2023
Table 35 Forecast Sales of Luxury Cars: % Value Growth 2018-2023
Headlines
Prospects
the Importance of Attracting Younger Consumers
Designer Changes Help Not Hinder Luxury Sales
Brexit Woes Cause Growth To Slow, But Sales Continue To Rise
Competitive Landscape
the Role of the Physical Store Evolves From Transactional To Experiential
the Rise of Luxury E-commerce Forces Traditional Brands To Modernise
the Use of Instagram To Attract Millennials
Category Data
Table 36 Sales of Personal Luxury by Category: Value 2013-2018
Table 37 Sales of Personal Luxury by Category: % Value Growth 2013-2018
Table 38 NBO Company Shares of Personal Luxury: % Value 2013-2017
Table 39 LBN Brand Shares of Personal Luxury: % Value 2014-2017
Table 40 Forecast Sales of Personal Luxury by Category: Value 2018-2023
Table 41 Forecast Sales of Personal Luxury by Category: % Value Growth 2018-2023
Headlines
Prospects
Millennials' Tendency To Mix-and-match Forces Brands To Adapt and Strategise
Prices Are Lower Than Asia, Boosting Both Domestic and International Expenditure
"champion" Products Drive Sales
Competitive Landscape
the Casualisation of Dress Codes
Adapting To Consumers' Demand for Streetwear
Smaller Brands Carve Out A Niche
Category Data
Table 42 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2013-2018
Table 43 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2013-2018
Table 44 NBO Company Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2013-2017
Table 45 LBN Brand Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2014-2017
Table 46 Distribution of Designer Apparel and Footwear (Ready-to-Wear) by Format: % Value 2013-2018
Table 47 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2018-2023
Table 48 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2018-2023
Headlines
Prospects
Positive Outlook for Luxury Eyewear in the UK
Healthier Lifestyles Boost Sales
Fashion Houses Need To Make Their Luxury Eyewear "cool"
Competitive Landscape
the Leading Player in the UK Is Luxottica Group
New Entrants Pose A Threat To Established Players
Alternative Channels Rise and Challenge Traditional Retailers
Category Data
Table 49 Sales of Luxury Eyewear by Category: Value 2013-2018
Table 50 Sales of Luxury Eyewear by Category: % Value Growth 2013-2018
Table 51 NBO Company Shares of Luxury Eyewear: % Value 2013-2017
Table 52 LBN Brand Shares of Luxury Eyewear: % Value 2014-2017
Table 53 Distribution of Luxury Eyewear by Format: % Value 2013-2018
Table 54 Forecast Sales of Luxury Eyewear by Category: Value 2018-2023
Table 55 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2018-2023
Headlines
Prospects
the Weak Pound Affects Luxury Jewellery
Tourists and Locals Boost Consumption
Attracting the Next Generation of Consumers
Competitive Landscape
Tiffany Evolves To Stay at the Top
Van Cleef & Arpels Cultivates Premiumisation
Customisation in Luxury Jewellery
Category Data
Table 56 Sales of Luxury Jewellery by Category: Value 2013-2018
Table 57 Sales of Luxury Jewellery by Category: % Value Growth 2013-2018
Table 58 NBO Company Shares of Luxury Jewellery: % Value 2013-2017
Table 59 LBN Brand Shares of Luxury Jewellery: % Value 2014-2017
Table 60 Distribution of Luxury Jewellery by Format: % Value 2013-2018
Table 61 Forecast Sales of Luxury Jewellery by Category: Value 2018-2023
Table 62 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2018-2023
Headlines
Prospects
Luxury Leather Goods Records A Strong Performance
Luxury Style Is Defined by Luxury Streetwear
Unisex Bags Become Popular
Competitive Landscape
LVMH Maintains Its Lead in A Saturated Category
Entry Barriers Drop As Niche Players Answer New Demands
Stores Get New Designs To Offer Luxury Experiences and Increase Footfall
Category Data
Table 63 Sales of Luxury Leather Goods: Value 2013-2018
Table 64 Sales of Luxury Leather Goods: % Value Growth 2013-2018
Table 65 NBO Company Shares of Luxury Leather Goods: % Value 2013-2017
Table 66 LBN Brand Shares of Luxury Leather Goods: % Value 2014-2017
Table 67 Distribution of Luxury Leather Goods by Format: % Value 2013-2018
Table 68 Forecast Sales of Luxury Leather Goods: Value 2018-2023
Table 69 Forecast Sales of Luxury Leather Goods: % Value Growth 2018-2023
Headlines
Prospects
Vertu's Demise Signals the Beginning of the End for Luxury Mobile Phones
Sports Continue To Influence Luxury Goods, As Luxury Wearables Rockets
Consumers Demand Less Conspicuous Consumption and More Convenience
Competitive Landscape
Luxury Wearables Fragments As Brands Continue To Innovate at All Price Points
Luxury Mobile Phones Struggles As Customers Eschew Bling in Favour of Function
Accessibility and Availability Blur the Lines Between Luxury and Mass
Category Data
Table 70 Sales of Luxury Portable Consumer Electronics by Category: Value 2013-2018
Table 71 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2013-2018
Table 72 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2013-2017
Table 73 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2014-2017
Table 74 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2013-2018
Table 75 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2018-2023
Table 76 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2018-2023
Headlines
Prospects
Currency Instability Directly Impacts Sales
Brands Benefit From A Changing Retail Landscape
Can Smartwatches Cannibalise Luxury Timepieces?
Competitive Landscape
Rolex Continues To Lead, Followed by Patek Philippe
the Move Towards Digital
Richemont Invests in New Forms of Retailing
Category Data
Table 77 Sales of Luxury Timepieces by Category: Value 2013-2018
Table 78 Sales of Luxury Timepieces by Category: % Value Growth 2013-2018
Table 79 NBO Company Shares of Luxury Timepieces: % Value 2013-2017
Table 80 LBN Brand Shares of Luxury Timepieces: % Value 2014-2017
Table 81 Distribution of Luxury Timepieces by Format: % Value 2013-2018
Table 82 Forecast Sales of Luxury Timepieces by Category: Value 2018-2023
Table 83 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2018-2023
Headlines
Prospects
Demographic Shifts in the Wider Luxury Goods Market Contribute To Slowdown
Digitisation Negatively Affects Sales
Traditional Brands Are Forced To Innovate
Competitive Landscape
Stationery Specialists Drive Sales
Diversification for Specialists
Heritage Brands With Strong Histories and Identities
Category Data
Table 84 Sales of Luxury Writing Instruments and Stationery: Value 2013-2018
Table 85 Sales of Luxury Writing Instruments and Stationery: % Value Growth 2013-2018
Table 86 NBO Company Shares of Luxury Writing Instruments and Stationery: % Value 2013-2017
Table 87 LBN Brand Shares of Luxury Writing Instruments and Stationery: % Value 2014-2017
Table 88 Distribution of Luxury Writing Instruments and Stationery by Format: % Value 2013-2018
Table 89 Forecast Sales of Luxury Writing Instruments and Stationery: Value 2018-2023
Table 90 Forecast Sales of Luxury Writing Instruments and Stationery: % Value Growth 2018-2023
Headlines
Prospects
Super Premium Beauty Brands Increase Their Efforts To Target Millennials
Healthy, Natural Products Drive Growth
Disparate Growth Between Categories
Competitive Landscape
New Entrants Break the Entry Barrier in Super Premium Colour Cosmetics
Rising Online Brands Force Established Players To Reconsider Their Distribution
Fashion Houses Retain the Lead
Category Data
Table 91 Sales of Super Premium Beauty and Personal Care by Category: Value 2013-2018
Table 92 Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2013-2018
Table 93 NBO Company Shares of Super Premium Beauty and Personal Care: % Value 2013-2017
Table 94 LBN Brand Shares of Super Premium Beauty and Personal Care: % Value 2014-2017
Table 95 Distribution of Super Premium Beauty and Personal Care by Format: % Value 2013-2018
Table 96 Forecast Sales of Super Premium Beauty and Personal Care by Category: Value 2018-2023
Table 97 Forecast Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2018-2023
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