PUBLISHER: Euromonitor International | PRODUCT CODE: 1576371
PUBLISHER: Euromonitor International | PRODUCT CODE: 1576371
Luxury Goods in Spain
With basic goods seeing rising prices, and interest rates still high, which impacts the majority of Spaniards, who have a mortgage, the average disposable income has been declining in Spain. This has resulted in consumers showing a keenness to save, which in some cases is resulting in Spaniards postponing their acquisition of luxury goods, especially those products popular amongst aspirational consumers, such as personal luxury goods. Disruption is therefore most visible within affordable luxury...
Euromonitor International's Luxury Goods in Spain 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 2028 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.
TABLE OF CONTENTS
List Of Contents And Tables
EXECUTIVE SUMMARY
- Luxury goods in 2024: The big picture
- 2024 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
MARKET DATA
- Table 1 Sales of Luxury Goods by Category: Value 2019-2024
- Table 2 Sales of Luxury Goods by Category: % Value Growth 2019-2024
- Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
- Table 4 NBO Company Shares of Luxury Goods: % Value 2019-2023
- Table 5 LBN Brand Shares of Luxury Goods: % Value 2020-2023
- Table 6 Distribution of Luxury Goods by Format and Category: % Value 2024
- Table 7 Forecast Sales of Luxury Goods by Category: Value 2024-2029
- Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
- Summary 1 Research Sources
EXPERIENTIAL LUXURY IN SPAIN
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Luxury hotels continues growing, driven by both inbound and domestic demand
- Social media targets a younger audience
- Leading players lose share as they are challenged by new entrants
PROSPECTS AND OPPORTUNITIES
- More Spaniards will be unable or unwilling to afford luxury hotels, hampering growth
- Protests against mass tourism may lead some tourists to choose different destinations
- Continued expansion expected by international players in hotels
CATEGORY DATA
- Table 9 Sales of Experiential Luxury by Category: Value 2019-2024
- Table 10 Sales of Experiential Luxury by Category: % Value Growth 2019-2024
- Table 11 NBO Company Shares of Experiential Luxury: % Value 2019-2023
- Table 12 LBN Brand Shares of Experiential Luxury: % Value 2020-2023
- Table 13 Forecast Sales of Experiential Luxury by Category: Value 2024-2029
- Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2024-2029
FINE WINES/CHAMPAGNE AND SPIRITS IN SPAIN
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Weaker performance as some consumers trade down
- Indulgence, experiences, and health are shaping sales
- The leaders lose share to smaller craft players
PROSPECTS AND OPPORTUNITIES
- Continued growth, but healthy Spaniards may hamper growth
- Craft products, limited editions, and organic wines expected to be popular
- Tourists important for sales, but arrivals at risk due to local campaigns
CATEGORY DATA
- Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2019-2024
- Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2019-2024
- Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2019-2023
- Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2020-2023
- Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2019-2024
- Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2024-2029
- Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2024-2029
PREMIUM AND LUXURY CARS IN SPAIN
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Resilient performance despite overall economic outlook
- Innovation is concentrated on sustainability
- Mercedes-Benz from Daimler AG remains a firm favourite
PROSPECTS AND OPPORTUNITIES
- Dichotomy of shrinking disposable incomes but rising number of wealthy Spaniards
- Change in attitudes and new ways of purchasing likely to drive sales
- Second-hand and Restomod trend set to impact sales
CATEGORY DATA
- Table 22 Sales of Premium and Luxury Cars: Value 2019-2024
- Table 23 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
- Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
- Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
- Table 26 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
- Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029
PERSONAL LUXURY IN SPAIN
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Designer apparel and footwear (ready-to-wear)
- Luxury eyewear
- Luxury jewellery
- Luxury leather goods
- Luxury wearables
- Luxury timepieces
- Luxury writing instruments and stationery
- Super premium beauty and personal care
PROSPECTS AND OPPORTUNITIES
- Erosion of local spending, and rising importance of spending by tourists
- Sustainability likely to become an increasing priority, and influence personal luxury
- Personal luxury faces challenges to growth moving forward
CATEGORY DATA
- Table 28 Sales of Personal Luxury by Category: Value 2019-2024
- Table 29 Sales of Personal Luxury by Category: % Value Growth 2019-2024
- Table 30 NBO Company Shares of Personal Luxury: % Value 2019-2023
- Table 31 LBN Brand Shares of Personal Luxury: % Value 2020-2023
- Table 32 Distribution of Personal Luxury by Format: % Value 2019-2024
- Table 33 Forecast Sales of Personal Luxury by Category: Value 2024-2029
- Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2024-2029
