Luxury Goods in Canada

October 2023 | 44 pages | ID: L12887D510AEN
Euromonitor International Ltd

Abstracts

Retail value sales of luxury goods in Canada are set to rise by 7% in 2023 in current terms to total CAD30.7 billion. There is a clear focus on recovery post-lockdown, with luxury shoppers keen to indulge in activities that may have been off limits during the pandemic. Sales in the latter part of the review period benefited from affluent consumers starting to socialise again as well as returning to more normalised travel activities and shopping behaviours. In addition, retailers used new shoppin...

Euromonitor International's Luxury Goods in Canada 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.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

LUXURY GOODS IN CANADA
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 CANADA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Experiential luxury on the rise in 2023
Luxury hotels thriving in 2023
Fairmont Resort Properties Ltd holds the lead in experiential luxury in 2022
PROSPECTS AND OPPORTUNITIES
Retail value sales increase expected over 2023-2028
Luxury hotels looks likely to see the best performance over the forecast period
Rising costs and labour shortages could remain a threat to growth
CATEGORY DATA
Table 9 Sales of Experiential Luxury by Category: Value 2018-2023
Table 10 Sales of Experiential Luxury by Category: % Value Growth 2018-2023
Table 11 NBO Company Shares of Experiential Luxury: % Value 2018-2023
Table 12 LBN Brand Shares of Experiential Luxury: % Value 2019-2022
Table 13 Forecast Sales of Experiential Luxury by Category: Value 2023-2028
Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2023-2028
FINE WINES/CHAMPAGNE AND SPIRITS IN CANADA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Fine wines/champagne and spirits sees rising current retail value sales in 2023
Fine wines is the largest subcategory in terms of value sales in the last year of the review period
Fine wines/champagne and spirits is led by Corby Spirit & Wine Ltd in 2022
PROSPECTS AND OPPORTUNITIES
Fine wines/Champagne and spirits set to see steady growth over the forecast period supported by rise of e-commerce
More consumers expected to enjoy other fine wine and luxury spirits at home rather than pay the high prices charged in on-trade outlets
Fine Champagne set to be the most dynamic category but younger generations present new challenges to the industry
CATEGORY DATA
Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023
Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023
Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2018-2022
Table 18 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2018-2023
Table 19 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2023-2028
Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2023-2028
PREMIUM AND LUXURY CARS IN CANADA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Premium and luxury cars sees rising current retail value sales in 2023
Number of premium and luxury cars on the rise, while car dealerships embrace the digital world
Premium and luxury cars is led by Tesla Inc in 2022 with consumers and manufacturers focusing on electric vehicles
PROSPECTS AND OPPORTUNITIES
Value sales of premium and luxury cars forecast to rise over 2023-2028
The internet could become a more significant sales tool over the forecast period
Canadians set to go electric as the government pushes forward manufacturing reforms
CATEGORY DATA
Table 21 Sales of Premium and Luxury Cars: Value 2018-2023
Table 22 Sales of Premium and Luxury Cars: % Value Growth 2018-2023
Table 23 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2022
Table 24 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2022
Table 25 Forecast Sales of Premium and Luxury Cars: Value 2023-2028
Table 26 Forecast Sales of Premium and Luxury Cars: % Value Growth 2023-2028
PERSONAL LUXURY IN CANADA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Personal luxury benefiting from a post-pandemic sales boom in 2023
Designer apparel (ready-to-wear) dominates designer apparel and footwear (ready-to-wear)
Luxury eyewear comes back into focus as restrictions are lifted
Luxury jewellery sales benefit from self-gifting and the return of important events in 2023
Luxury leather goods see rising demand in 2023 as consumers resume their travel plans
Luxury wearables electronics sees strong innovation
Luxury timepieces benefiting from strong investment value
Value sales of writing instruments and stationery on the rise in 2023
Value sales of super premium beauty and personal care on the rise
Michael Kors Canada Holdings Ltd holds the lead in personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
Positive outlook despite prevailing economic uncertainty
The return to normality set to help fuel demand for designer apparel and footwear (ready-to-wear) and super premium beauty and personal care
Luxury leather goods is expected to see the most dynamic percentage growth over forecast period
CATEGORY DATA
Table 27 Sales of Personal Luxury by Category: Value 2018-2023
Table 28 Sales of Personal Luxury by Category: % Value Growth 2018-2023
Table 29 NBO Company Shares of Personal Luxury: % Value 2018-2023
Table 30 LBN Brand Shares of Personal Luxury: % Value 2019-2023
Table 31 Distribution of Personal Luxury by Format: % Value 2018-2023
Table 32 Forecast Sales of Personal Luxury by Category: Value 2023-2028
Table 33 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028