Luxury Goods in the United Kingdom
Euromonitor International
November 2021

List Of Contents And Tables

LUXURY GOODS IN THE UNITED KINGDOM
EXECUTIVE SUMMARY
Luxury goods in 2021: The big picture
“Dopamine dressing” and “revenge spending” drive local demand
Sustainability and resale continue to be top-of-mind for consumers
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 1 Sales of Luxury Goods by Category: Value 2016-2021
Table 2 Sales of Luxury Goods by Category: % Value Growth 2016-2021
Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2016-2021
Table 4 NBO Company Shares of Luxury Goods: % Value 2016-2020
Table 5 LBN Brand Shares of Luxury Goods: % Value 2017-2020
Table 6 Distribution of Luxury Goods by Format and Category: % Value 2021
Table 7 Forecast Sales of Luxury Goods by Category: Value 2021-2026
Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources
EXPERIENTIAL LUXURY IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Decline in tourism causes experiential luxury to see a fall in demand
Restrictions prevent domestic consumers from spending on experiences
PROSPECTS AND OPPORTUNITIES
Hotels sees opportunity in new experiences to appeal to domestic travellers
Interesting dining opportunities continue to appeal to consumers
Addressing the demand for meaningful leisure
CATEGORY DATA
Table 9 Sales of Experiential Luxury by Category: Value 2016-2021
Table 10 Sales of Experiential Luxury by Category: % Value Growth 2016-2021
Table 11 NBO Company Shares of Experiential Luxury: % Value 2016-2020
Table 12 LBN Brand Shares of Experiential Luxury: % Value 2017-2020
Table 13 Forecast Sales of Experiential Luxury by Category: Value 2021-2026
Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2021-2026
LUXURY FOODSERVICE IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Luxury foodservice continues to suffer from pandemic lifestyle disruptions
Decrease in international tourism has the most pronounced impact
Luxury foodservice landscape sees a shakeout
PROSPECTS AND OPPORTUNITIES
Luxury foodservice expected to see growth over the forecast period
Millennials and gen Z will continue to seek out food experiences
CATEGORY DATA
Table 15 Sales in Luxury Foodservice: Value 2016-2021
Table 16 Sales in Luxury Foodservice: % Value Growth 2016-2021
Table 17 NBO Company Shares in Luxury Foodservice: % Value 2016-2020
Table 18 LBN Brand Shares in Luxury Foodservice: % Value 2017-2020
Table 19 Forecast Sales in Luxury Foodservice: Value 2021-2026
Table 20 Forecast Sales in Luxury Foodservice: % Value Growth 2021-2026
LUXURY HOTELS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
A brighter outlook for luxury hotels, despite lingering uncertainty
Easing of restrictions allows for staycations and short haul leisure
UK luxury hotels to undergo concentration
PROSPECTS AND OPPORTUNITIES
Recovery to pre-COVID-19 levels will be slow
Appealing to the consumer shift in life priorities will help drive growth
CATEGORY DATA
Table 21 Sales in Luxury Hotels: Value 2016-2021
Table 22 Sales in Luxury Hotels: % Value Growth 2016-2021
Table 23 NBO Company Shares in Luxury Hotels: % Value 2016-2020
Table 24 LBN Brand Shares in Luxury Hotels: % Value 2017-2020
Table 25 Forecast Sales in Luxury Hotels: Value 2021-2026
Table 26 Forecast Sales in Luxury Hotels: % Value Growth 2021-2026
FINE WINES/CHAMPAGNE AND SPIRITS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
New distribution strategies and the power of e-commerce
The cocktails trend propels the launch of new products in different categories
Lockdowns positively impact most luxury alcoholic drinks
PROSPECTS AND OPPORTUNITIES
Increases for luxury rum, Irish whisky and tequila vital to luxury alcoholic drinks
Limited editions, smaller bottles and new ingredients to shape product development
Move to e-commerce likely to be a lasting trend
CATEGORY DATA
Table 27 Sales of Fine Wines/Champagne and Spirits by Category: Value 2016-2021
Table 28 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2016-2021
Table 29 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2016-2020
Table 30 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2017-2020
Table 31 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2016-2021
Table 32 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2021-2026
Table 33 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2021-2026
PREMIUM AND LUXURY CARS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Premium and luxury cars remains resilient despite disruption from COVID-19
The exit from Europe creates opportunity and uncertainty in premium and luxury cars
Electric and hybrid vehicles see an uptick in demand
PROSPECTS AND OPPORTUNITIES
The growing importance of online channels
Electric vehicles offer innovation and environmental solutions
CATEGORY DATA
Table 34 Sales of Premium and Luxury Cars: Value 2016-2021
Table 35 Sales of Premium and Luxury Cars: % Value Growth 2016-2021
Table 36 NBO Company Shares of Premium and Luxury Cars: % Value 2016-2020
Table 37 LBN Brand Shares of Premium and Luxury Cars: % Value 2017-2020
Table 38 Forecast Sales of Premium and Luxury Cars: Value 2021-2026
Table 39 Forecast Sales of Premium and Luxury Cars: % Value Growth 2021-2026
PERSONAL LUXURY IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Consumers still prioritise luxury to celebrate life post-COVID-19
Digital brand experience becomes a crucial attribute
Consumers look to protect the planet and society by buying responsibly
PROSPECTS AND OPPORTUNITIES
In the “new normal”, consumers want online and offline integration
Luxury resale and eco efforts will continue to ramp up
CATEGORY DATA
Table 40 Sales of Personal Luxury by Category: Value 2016-2021
Table 41 Sales of Personal Luxury by Category: % Value Growth 2016-2021
Table 42 NBO Company Shares of Personal Luxury: % Value 2016-2020
Table 43 LBN Brand Shares of Personal Luxury: % Value 2017-2020
Table 44 Distribution of Personal Luxury by Format: % Value 2016-2021
Table 45 Forecast Sales of Personal Luxury by Category: Value 2021-2026
Table 46 Forecast Sales of Personal Luxury by Category: % Value Growth 2021-2026
DESIGNER APPAREL AND FOOTWEAR (READY-TO-WEAR) IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Designer apparel and footwear starts its recovery
Distinctive brands continue to sparkle
PROSPECTS AND OPPORTUNITIES
Shift to e-commerce is here to stay
Growth of conscious luxury reveals that brand purpose and values are chic
CATEGORY DATA
Table 47 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2016-2021
Table 48 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2016-2021
Table 49 NBO Company Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2016-2020
Table 50 LBN Brand Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2017-2020
Table 51 Distribution of Designer Apparel and Footwear (Ready-to-Wear) by Format: % Value 2016-2021
Table 52 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2021-2026
Table 53 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2021-2026
LUXURY EYEWEAR IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Start of rebound in luxury eyewear in 2021 as restrictions ease
Recovery in the second half of 2021
Luxottica Group maintains its leadership
PROSPECTS AND OPPORTUNITIES
Eye health and the desire for luxury fuels a positive forecast for luxury eyewear
Young consumers will drive growth of luxury eyewear
E-commerce channel set to remain strong
CATEGORY DATA
Table 54 Sales of Luxury Eyewear by Category: Value 2016-2021
Table 55 Sales of Luxury Eyewear by Category: % Value Growth 2016-2021
Table 56 NBO Company Shares of Luxury Eyewear: % Value 2016-2020
Table 57 LBN Brand Shares of Luxury Eyewear: % Value 2017-2020
Table 58 Distribution of Luxury Eyewear by Format: % Value 2016-2021
Table 59 Forecast Sales of Luxury Eyewear by Category: Value 2021-2026
Table 60 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2021-2026
LUXURY JEWELLERY IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Luxury jewellery sees signs of recovery
Strong heritage brands are more resilient
E-commerce helps to bolster sales of luxury jewellery
PROSPECTS AND OPPORTUNITIES
Luxury jewellery appeals to the consumer demand for environment-friendliness
Tiffany & Co revamp shows the importance of appealing to young consumers
CATEGORY DATA
Table 61 Sales of Luxury Jewellery by Category: Value 2016-2021
Table 62 Sales of Luxury Jewellery by Category: % Value Growth 2016-2021
Table 63 NBO Company Shares of Luxury Jewellery: % Value 2016-2020
Table 64 LBN Brand Shares of Luxury Jewellery: % Value 2017-2020
Table 65 Distribution of Luxury Jewellery by Format: % Value 2016-2021
Table 66 Forecast Sales of Luxury Jewellery by Category: Value 2021-2026
Table 67 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2021-2026
LUXURY LEATHER GOODS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Luxury demand remains strong despite the pandemic disruption
Online distribution channels are increasingly significant
PROSPECTS AND OPPORTUNITIES
Heritage brands appeal to consumers who want to buy better
Resale goes from strength to strength
CATEGORY DATA
Table 68 Sales of Luxury Leather Goods: Value 2016-2021
Table 69 Sales of Luxury Leather Goods: % Value Growth 2016-2021
Table 70 NBO Company Shares of Luxury Leather Goods: % Value 2016-2020
Table 71 LBN Brand Shares of Luxury Leather Goods: % Value 2017-2020
Table 72 Distribution of Luxury Leather Goods by Format: % Value 2016-2021
Table 73 Forecast Sales of Luxury Leather Goods: Value 2021-2026
Table 74 Forecast Sales of Luxury Leather Goods: % Value Growth 2021-2026
LUXURY PORTABLE CONSUMER ELECTRONICS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Luxury mobile phones declines as many players are leaving or have left the market
Outlet closures, limited international tourism and tax changes provide challenges
Retailers focus on online sales and target domestic buyers of luxury wearables
PROSPECTS AND OPPORTUNITIES
Focus on data protection and security a possible selling point for luxury phones
Luxury players likely to find it difficult to keep up with mass market mobile phones
Smartwatches will be the focus of brands, as this category is set to grow strongly
CATEGORY DATA
Table 75 Sales of Luxury Portable Consumer Electronics by Category: Value 2016-2021
Table 76 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2016-2021
Table 77 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2016-2020
Table 78 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2017-2020
Table 79 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2016-2021
Table 80 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2021-2026
Table 81 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2021-2026
LUXURY TIMEPIECES IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Most players suffer from the pandemic, but heritage brands fare better
A “new normal” in 2021 sees a rebound for luxury timepieces
Luxury timepieces sees an important transition to e-commerce
PROSPECTS AND OPPORTUNITIES
Digital innovations will become the norm
Resale of luxury watches continues to grow
CATEGORY DATA
Table 82 Sales of Luxury Timepieces by Category: Value 2016-2021
Table 83 Sales of Luxury Timepieces by Category: % Value Growth 2016-2021
Table 84 NBO Company Shares of Luxury Timepieces: % Value 2016-2020
Table 85 LBN Brand Shares of Luxury Timepieces: % Value 2017-2020
Table 86 Distribution of Luxury Timepieces by Format: % Value 2016-2021
Table 87 Forecast Sales of Luxury Timepieces by Category: Value 2021-2026
Table 88 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2021-2026
LUXURY WRITING INSTRUMENTS AND STATIONERY IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Luxury writing instruments sees signs of recovery in 2021
Heritage brands still dominate the category
E-commerce offers an opportunity for luxury writing instruments
PROSPECTS AND OPPORTUNITIES
Pandemic lifestyle disruptions create new interest in luxury writing instruments
Pre-owned writing instruments offer unique value
CATEGORY DATA
Table 89 Sales of Luxury Writing Instruments and Stationery: Value 2016-2021
Table 90 Sales of Luxury Writing Instruments and Stationery: % Value Growth 2016-2021
Table 91 NBO Company Shares of Luxury Writing Instruments and Stationery: % Value 2016-2020
Table 92 LBN Brand Shares of Luxury Writing Instruments and Stationery: % Value 2017-2020
Table 93 Distribution of Luxury Writing Instruments and Stationery by Format: % Value 2016-2021
Table 94 Forecast Sales of Luxury Writing Instruments and Stationery: Value 2021-2026
Table 95 Forecast Sales of Luxury Writing Instruments and Stationery: % Value Growth 2021-2026
SUPER PREMIUM BEAUTY AND PERSONAL CARE IN THE UNITED KINGDOM
KEY DATA FINDINGS
2021 DEVELOPMENTS
Pandemic beauty priorities remain, but some consumers crave the return of fun
Online purchasing is here to stay
PROSPECTS AND OPPORTUNITIES
Brand authenticity, values and transparency
TikTok engagement is key for beauty players
CATEGORY DATA
Table 96 Sales of Super Premium Beauty and Personal Care by Category: Value 2016-2021
Table 97 Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2016-2021
Table 98 NBO Company Shares of Super Premium Beauty and Personal Care: % Value 2016-2020
Table 99 LBN Brand Shares of Super Premium Beauty and Personal Care: % Value 2017-2020
Table 100 Distribution of Super Premium Beauty and Personal Care by Format: % Value 2016-2021
Table 101 Forecast Sales of Super Premium Beauty and Personal Care by Category: Value 2021-2026
Table 102 Forecast Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2021-2026