Luxury Goods in France

October 2023 | 48 pages | ID: LFFA183B1E7EN
Euromonitor International Ltd

Abstracts

Retail sales of luxury goods in France increased by 8% in current value terms to reach EUR37.6 billion in 2023. This represented the third consecutive year of positive growth following the decline seen in 2020, when the pandemic hit the country. However, in spite of the healthy growth rates recorded in the last three years, sales have yet to return to their pre-pandemic levels, given that the luxury goods market lost around a quarter of its value in 2020. The full return to 2019 sales levels, an...

Euromonitor International's Luxury Goods in France 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 FRANCE
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 FRANCE
KEY DATA FINDINGS
2023 DEVELOPMENTS
Experiential luxury continues its recovery in 2023
Luxury hotels records highest value increase within overall category in 2023
Groupe Barri?re holds the lead in experiential luxury in 2022
PROSPECTS AND OPPORTUNITIES
Inbound arrival numbers to treble by 2028 from the pandemic-induced low seen in 2020
Paris 2024 Olympic and Paralympic Games will boost sales in this year
Sustainable travel a potential growth area
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 FRANCE
KEY DATA FINDINGS
2023 DEVELOPMENTS
Continued positive growth for fine wines/champagne and spirits in 2023
Fine wines the biggest and most dynamic category in 2023
Pernod SA is the leading player in fine wines/champagne and spirits in 2022
PROSPECTS AND OPPORTUNITIES
Value sales forecast to increase over 2023-2028
Fine wines expected to record the most dynamic CAGR over the forecast period
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 FRANCE
KEY DATA FINDINGS
2023 DEVELOPMENTS
Premium and luxury cars continues to see rising value sales in 2023
Number of premium and luxury cars on the rise
Premium and luxury cars is led by Daimler AG in 2022
PROSPECTS AND OPPORTUNITIES
Value sales of premium and luxury cars forecast to rise over 2023-2028
Ongoing competition expected from leasing, vintage models and new alternatives
Electric cars to become more significant
CATEGORY DATA
Table 21 Sales of Premium and Luxury Cars: Value 2018-2023
Table 22 Sales of Premium and Luxury Cars by Category: % Value Growth 2018-2023
Table 23 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2023
Table 24 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2023
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 FRANCE
KEY DATA FINDINGS
2023 DEVELOPMENTS
Personal luxury sees rising current value sales in 2023
Designer apparel (ready-to-wear) dominates designer apparel and footwear (ready-to-wear)
Luxury eyewear sees positive growth in current value terms but falling volume sales
Retail value sales of luxury jewellery continue to recover in 2023
Another year of double-digit current value growth for luxury leather goods in 2023
Growth slows in luxury wearables electronics in 2023
Increasing sales in 2023, but luxury timepieces volumes still remain below pre-pandemic levels
Luxury writing instruments and stationery performance slows in 2023 after strong year-earlier growth
Continued value growth for super-premium beauty and personal care in 2023
LVMH Moлt Hennessy Louis Vuitton SA leads personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
Increasing value sales expected for personal luxury during the forecast period
Luxury wearables electronics to see the most dynamic value growth over the forecast period
Online sales set to rise
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