62 reports

Global Personal Luxury Goods Market 2021-2025 The analyst has been monitoring the personal luxury goods market and it is poised to grow by $ 33.53 bn during 2021-2025, progressing at a CAGR of almost 3% during the forecast period. Our report on personal luxury goods market provides a holistic analysis, market size and forecast,...

  • Personal Luxury
  • World

The GCC personal luxury goods market exhibited moderate growth during 2015-2020. Personal luxury goods refer to the high-end and premium items, including apparel, watches, jewelry, cosmetics, bags, fashion accessories, etc. These branded products offer premium quality materials, superior craftsmanship, and high-value...

  • Personal Luxury
  • GCC
  • Disposable Income

Asia Pacific is the most dynamic region for personal luxury, underpinned by huge demand in China, high value sales and consumer affluence in developed markets such as Japan, South Korea and Hong Kong, and rising levels of expenditure in fast-growing emerging markets such as India. Surging demand was largely unchecked until the outbreak of...

  • Personal Luxury
  • E-Commerce
  • APAC
  • China
  • High Net Worth Individuals Number
  • Online Shopping Penetration

After a year of seeing a worse performance than many other categories within personal luxury in 2020, luxury leather goods performed strongly in Germany in 2021, seeing a double-digit current value increase. In part, this above-average performance can be attributed to the softer restrictions in place for travel, which favoured items related...

  • Personal Luxury
  • Germany
  • Luxury Goods Revenue
  • Store Closures

by the pandemic, experiencing a significant current value decline in 2020, but delivered healthy growth in 2021. However, its recovery lagged some other personal luxury categories, which had higher investment and resale values, but relied less on expenditure by international consumers, such as luxury jewellery and luxury timepieces. Personal...

  • Personal Luxury
  • United States
  • Luxury Goods Revenue
  • Disposable Income

Personal luxury is highly seasonal in many categories, with manufacturers usually planning ahead for the introduction and manufacturing of new products for the upcoming periods. The further easing of restrictions in 2022 represents an opportunity for consumers to catch up on social occasions that they had missed out due to the COVID-19 pandemic,...

  • Personal Luxury
  • Mexico
  • Luxury Goods Revenue
  • Online Retail Sales

Having plunged by more than a quarter during 2020, retail constant value sales (2022 prices) of designer apparel and footwear (ready to wear) began to recover in 2021, with this trend continuing into 2022. Nonetheless, retail constant value sales remained well below their pre-pandemic level. With most remaining COVID-19 restrictions eliminated...

  • Personal Luxury
  • Spain
  • Luxury Goods Revenue
  • Tourist Arrivals

Designer apparel and footwear achieved exceptional current value growth in 2021, with bricks-and-mortar stores resuming their operations. However, the regional lockdowns in early 2022 due to the Omicron outbreak, which has spread to many regions across China, will hurt sales of designer apparel and footwear, especially in the second quarter,...

  • Personal Luxury
  • China
  • Luxury Goods Revenue
  • Luxury Goods Consumption

The stabilisation of the pandemic in India is leading to increasing demand for designer apparel and footwear (ready-to-wear). There has been a strong rise in demand for athleisure wear as local consumers have become increasingly used to wearing comfortable apparel and footwear whilst at home. Apart from a change in habits, brands have been...

  • Personal Luxury
  • India
  • Luxury Goods Revenue
  • Disposable Income

E-commerce continues to demonstrate substantial growth, supported by the vast launches of luxury online stores. Despite the relaxation of safe management measures in Singapore, the strong movement towards e-commerce which was seen in the early stages of the pandemic has continued, with sales of designer apparel and footwear (ready-to-wear)...

  • Personal Luxury
  • Singapore
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

As is being seen across other categories in the Netherlands, sustainability issues are having a growing influence on the choices and product offers within designer apparel and footwear (ready-to-wear). More consumers are looking for and aiming to support local businesses within designer apparel and footwear (ready-to-wear), but especially...

  • Personal Luxury
  • Netherlands
  • Luxury Goods Revenue
  • Store Closures

Designer apparel and footwear (ready-to-wear) looks set to continue its recovery in 2022, though sales are likely to remain below the levels seen immediately prior to the outbreak of COVID-19. At the height of the pandemic, one of the main factors undermining demand across all categories of designer apparel and footwear was the fact that many...

  • Personal Luxury
  • Thailand
  • Luxury Goods Revenue
  • Online Expenditure

Having declined at a double-digit rate in 2020 due to pandemic restrictions and the economic shock they engendered, retail constant value sales of designer apparel and footwear (ready-to-wear) began to rebound during 2021, and this process continued into 2022 – albeit at a markedly slower pace. Retail constant value sales are forecast to exceed...

  • Personal Luxury
  • Indonesia
  • Luxury Goods Revenue
  • Luxury Goods Consumption

Designer apparel and footwear (ready-to-wear) saw an exceptional retail current value decline in the first year of the COVID-19 pandemic, due to store closures during the state of emergency in April and May. The category was also heavily impacted by long-term border closures, which led to the decimation of inbound arrivals to Japan for the...

  • Personal Luxury
  • Japan
  • Luxury Goods Revenue
  • Tourist Arrivals

The year 2021 was marked by the continued expansion of designer apparel and footwear in Brazil, something that had been observed since the second half of 2020. Amongst the factors that contributed to this scenario was the advance of vaccination, which made consumers feel comfortable going shopping. In 2021, most consumers were already more...

  • Personal Luxury
  • Brazil
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

The recovery in retail constant value sales (2022 prices) of designer apparel and footwear (ready-to-wear) accelerated during 2022, but they remained well below their pre-pandemic level. An increasing number of designer apparel and footwear brands are focusing on athleisure ranges. Personal Luxury in Malaysia report offers a comprehensive...

  • Personal Luxury
  • Malaysia
  • Luxury Goods Revenue
  • Car Import

In 2022, designer apparel and footwear (ready-to-wear) players continue to benefit from consumers embracing a “new normal” after two years of lifestyle disruptions as a result of the COVID-19 pandemic. As consumers socialise, return to offices, and travel once more, there is renewed vigour and enthusiasm to celebrate and experience life to...

  • Personal Luxury
  • United Kingdom
  • Luxury Goods Revenue
  • Store Closures

Demand for personal luxury had already significantly suffered as a result of the pandemic in South Africa in 2020, as various measures introduced by the government to control the spread of the virus meant that stores selling personal luxury goods such as clothing, jewellery and bags had to close for a prolonged period. Personal Luxury...

  • Personal Luxury
  • South Africa
  • Luxury Goods Revenue
  • Online Retail Sales

Even if players did not expect 2021 to totally offset the loss of 2020, many would have been disappointed by the performance of personal luxury in France in this year. Despite an upwards trend, the increase in sales in 2021 was not enough to compensate double-digit drop experienced in the preceding year. The main factor preventing stronger...

  • Personal Luxury
  • France
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

Personal luxury is experiencing signs of recovery as the United Arab Emirates opens up and residents resume shopping habits. The successful vaccination drive has reduced the rate of infection in the country, encouraging consumers to spend time in physical retailers in a perceived safer environment, albeit with certain measures in place such...

  • Personal Luxury
  • United Arab Emirates
  • Luxury Goods Revenue
  • Store Openings

Personal luxury saw significant retail volume and current value declines in 2020 as a result of COVID-19. The temporary closure of non-essential stores was key, as for many luxury goods consumers, the experiential pleasure of visiting a store is a key part of the purchase. Although sales via e-commerce increased, this was not sufficient to...

  • Personal Luxury
  • Switzerland
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

Social occasions are starting to increase as the Argentinian government has loosened the COVID-19 mobility restrictions in the country. Personal luxury categories like beauty and designer apparel have consequently strongly rebounded to double-digit growth in 2021 as consumers want to look and feel their best when attending events. Personal...

  • Personal Luxury
  • Argentina
  • Luxury Goods Revenue
  • Vaccination Coverage

Personal luxury registered a huge hit in 2020, due to the pandemic. In 2021, with society gradually opening up, including retail outlets, value growth is expected to be in the double digits. With international travel still disrupted, consumers buy personal luxury goods locally rather than at airport outlets. All the same, with the pandemic...

  • Personal Luxury
  • Ukraine
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

During 2020, the Italian government enacted some of the strictest restrictions in Europe, with travellers from several locations having to be COVID-19 tested when entering the country. In addition, rules on travelling varied according to the country of origin, with many travellers avoiding trips to Italy due to its high level of COVID-19 cases....

  • Personal Luxury
  • Italy
  • Luxury Goods Revenue
  • Luxury Goods Consumption

In 2021, personal luxury will see a slight slowdown in its current value growth, although it will be less impacted by the pandemic than many other industries. As the consumer base for these types of products generally has a high disposable income, such shoppers have been less impacted by the financial repercussions of the pandemic, meaning...

  • Personal Luxury
  • Taiwan
  • Luxury Goods Revenue
  • Tourist Arrivals

The various personal luxury products have witnessed differing performances during the COVID-19 crisis. Travel- and outdoor-related products, including luxury travel goods and sun glasses, have been hit by significant restrictions on travel and consumers being forced to spend more time at home during the lockdown periods. However, the picture...

  • Personal Luxury
  • Philippines
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

Personal luxury, as a whole, is bouncing back in 2021 after seeing declines into negative sales figures in 2020. The main drivers of recovery are seen in designer apparel and footwear, and super premium beauty and personal care, the biggest categories of personal luxury in value shares, both benefitting the most from being more essential compared...

  • Personal Luxury
  • Sweden
  • Luxury Goods Revenue
  • Online Retail Sales

Personal luxury value sales plummeted in 2020, with designer apparel and footwear (ready-to-wear) and luxury jewellery, leather goods, and timepieces seeing the worst results. Most categories suffered from tourist spending being substantially reduced seeing as such consumers are key customers of personal luxury. In addition, store closures...

  • Personal Luxury
  • Canada
  • Luxury Goods Revenue
  • Store Closures

Faced with significant reductions in revenue due to the lack of inbound tourism, many players within luxury goods found opportunities for growth in the local market. Domestic consumption of personal luxury increased, with Australians spending locally in the absence of international travel and overseas luxury spending. Personal Luxury...

  • Personal Luxury
  • Australia
  • Luxury Goods Revenue
  • Store Closures

In 2020, personal luxury had been affected by regulation changes for a limited period of time. In the second half of the year, the Korea Customs Service allowed duty-free shops to retail their stock through local markets, including premium outlets and department stores, until October. The aim was to ease the losses that duty-free shops experienced...

  • Personal Luxury
  • South Korea
  • Luxury Goods Revenue
  • Online Retail Sales