Luxury Goods in the United Kingdom

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