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PUBLISHER: Euromonitor International | PRODUCT CODE: 1358290

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PUBLISHER: Euromonitor International | PRODUCT CODE: 1358290

Luxury Goods in India

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PAGES: 43 Pages
DELIVERY TIME: 1-2 business days
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Retail sales of luxury goods in India increased by 3% in current value terms to reach INR553.8 billion in 2023. The post-lockdown period saw a focus on recovery and a revival of normal consumer behaviour, encompassing working, shopping, the resumption of travel and indulging in purchasing luxury goods. Development, in this context, was predominantly characterised by affluent consumers' inclination to treat themselves as they regained the ability to do so. Sales increased due to the return of aff...

Euromonitor International's Luxury Goods in India 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 2027 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.
Product Code: LUXIN

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

  • Luxury goods in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?

MARKET DATA

  • Table 1 Sales of Luxury Goods by Category: Value 2018-2023
  • Table 2 Sales of Luxury Goods by Category: % Value Growth 2018-2023
  • Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
  • Table 4 NBO Company Shares of Luxury Goods: % Value 2018-2023
  • Table 5 LBN Brand Shares of Luxury Goods: % Value 2019-2023
  • Table 6 Distribution of Luxury Goods by Format and Category: % Value 2023
  • Table 7 Forecast Sales of Luxury Goods by Category: Value 2023-2028
  • Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028

DISCLAIMER

SOURCES

  • Summary 1 Research Sources

EXPERIENTIAL LUXURY IN INDIA

KEY DATA FINDINGS

2023 DEVELOPMENTS

  • Strong current value growth in experiential luxury's retail sales in 2023
  • Luxury hotels records highest percentage growth within experiential luxury in 2023
  • EIH Ltd holds the lead in experiential luxury in 2022

PROSPECTS AND OPPORTUNITIES

  • Retail value sales increase expected over 2023-2028
  • Luxury hotels is expected to see the best performance over the forecast period

CATEGORY DATA

  • Table 22 Sales of Experiential Luxury by Category: Value 2018-2023
  • Table 23 Sales of Experiential Luxury by Category: % Value Growth 2018-2023
  • Table 24 NBO Company Shares of Experiential Luxury: % Value 2018-2023
  • Table 25 LBN Brand Shares of Experiential Luxury: % Value 2019-2022
  • Table 26 Forecast Sales of Experiential Luxury by Category: Value 2023-2028
  • Table 27 Forecast Sales of Experiential Luxury by Category: % Value Growth 2023-2028

FINE WINES/CHAMPAGNE AND SPIRITS IN INDIA

KEY DATA FINDINGS

2023 DEVELOPMENTS

  • Fine wines/champagne and spirits sees rising current retail value sales in 2023
  • Luxury spirits continues to dominate overall category sales
  • Diageo India is the leading company in fine wines/champagne and spirits in 2022

PROSPECTS AND OPPORTUNITIES

  • Value sales forecast to rise in constant 2023 terms over 2023-2028
  • Fine wines expected to see the most dynamic CAGR over forecast period

CATEGORY DATA

  • Table 28 Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023
  • Table 29 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023
  • Table 30 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2018-2022
  • Table 31 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2018-2023
  • Table 32 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2023-2028
  • Table 33 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2023-2028

PREMIUM AND LUXURY CARS IN INDIA

KEY DATA FINDINGS

2023 DEVELOPMENTS

  • Premium and luxury cars sees falling current value sales in 2023
  • Number of premium and luxury cars declining
  • Premium and luxury cars is led by Mercedes Benz India in 2022

PROSPECTS AND OPPORTUNITIES

  • Value sales of premium and luxury cars forecast to rise over 2023-2028
  • Internet sales set to increase in significance
  • Growth in electric cars expected

CATEGORY DATA

  • Table 9 Sales of Premium and Luxury Cars: Value 2018-2023
  • Table 10 Sales of Premium and Luxury Cars: % Value Growth 2018-2023
  • Table 11 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2022
  • Table 12 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2022
  • Table 13 Forecast Sales of Premium and Luxury Cars: Value 2023-2028
  • Table 14 Forecast Sales of Premium and Luxury Cars: % Value Growth 2023-2028

PERSONAL LUXURY IN INDIA

KEY DATA FINDINGS

2023 DEVELOPMENTS

  • Personal luxury sees rising current value sales in 2023
  • Designer apparel and footwear (ready-to-wear) dominated by designer apparel (ready-to-wear)
  • Strong value sales growth for luxury eyewear in 2023
  • Retail value sales of luxury jewellery see an increase in 2023
  • Value sales of luxury leather goods continuing their recovery in 2023
  • More dynamic value sales growth for luxury wearables electronics in 2023
  • Richemont and Tata team up on the TimeVallee digital boutique
  • Modest current value growth for luxury writing instruments and stationery in 2023
  • Rise in value sales of super-premium beauty and personal care seen in 2023
  • LVMH Watch & Jewellery India Pvt Ltd leads personal luxury in 2022

PROSPECTS AND OPPORTUNITIES

  • Value sales are expected to rise at 2023 constant prices over the forecast period
  • Luxury wearables electronics will be most dynamic while luxury jewellery will remain biggest category over the forecast period
  • Using social media to attract younger generations

CATEGORY DATA

  • Table 15 Sales of Personal Luxury by Category: Value 2018-2023
  • Table 16 Sales of Personal Luxury by Category: % Value Growth 2018-2023
  • Table 17 NBO Company Shares of Personal Luxury: % Value 2018-2023
  • Table 18 LBN Brand Shares of Personal Luxury: % Value 2019-2023
  • Table 19 Distribution of Personal Luxury by Format: % Value 2018-2023
  • Table 20 Forecast Sales of Personal Luxury by Category: Value 2023-2028
  • Table 21 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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