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Luxury Goods in Italy

October 2023 | 45 pages | ID: L32BF989EDAEN
Euromonitor International Ltd

US$ 1,210.00

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Retail value sales of luxury goods in Italy are set to increase by 10% in 2023 in current terms to stand at EUR31.6 billion. The resumption of work, shopping, and travel activities has propelled the growth in sales. As people returned to their workplaces, they resumed their regular spending patterns, including purchasing items for personal use and enjoyment. Similarly, the reopening of retail establishments and the recovery of Italy’s tourism industry has provided opportunities for consumers to...

Euromonitor International's Luxury Goods in Italy 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.
LUXURY GOODS IN ITALY
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 ITALY
KEY DATA FINDINGS
2023 DEVELOPMENTS
Experiential luxury on the rise in 2023 as tourists return
Luxury hotels records highest value increase within category overall in 2023
Leading chains of luxury hotels on the path to recovery in 2023 with Marriott International at the helm
PROSPECTS AND OPPORTUNITIES
Retail value sales expected to rise over forecast period
Luxury hotels is expected to see the best performance over the forecast period
Operators will need to adjust to the changing demands of consumers with a focus on wellbeing and sustainability
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 ITALY
KEY DATA FINDINGS
2023 DEVELOPMENTS
Fine wines/champagne and spirits sees rising current retail value sales in 2023
Fine wines remains the most popular category due to strong local traditions
Moлt Hennessy Italia SpA continues to lead in 2022
PROSPECTS AND OPPORTUNITIES
Positive outlook for fine wines/Champagne and spirits as consumers look for affordable indulgences
Fine wines expected to be the most dynamic category with sales benefiting from a growing focus on quality over quantity
Producers of fine wines likely to focus on producing “healthier” and more sustainable products
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 ITALY
KEY DATA FINDINGS
2023 DEVELOPMENTS
Sales rise within premium and luxury cars in 2023 as consumer confidence returns
Number of premium and luxury cars on the rise
Premium and luxury cars is led by Daimler AG in 2022 with Mercedes-Benz, Audi and BMW continuing to dominate sales
PROSPECTS AND OPPORTUNITIES
Premium and luxury cars likely to see strong growth
Online sales could play a greater role in the sales process as consumers and retailers go digital
Electric cars expected to drive growth
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 ITALY
KEY DATA FINDINGS
2023 DEVELOPMENTS
Personal luxury sees an increase in current retail value sales in 2023 while producers focus on sustainability and ‘Made in Italy’ claims
Designer apparel (ready-to-wear) thriving as Italians return to the streets
Luxury eyewear sees rising value sales in 2023
The end of the pandemic brings the sparkle back to luxury jewellery in 2023
Luxury leather goods benefits from increased travel and a growing interest in these products as investments
Luxury wearables electronics sees value sales increase in 2023
Luxury timepieces ticking along nicely with collectors eyeing investments
Luxury writing instruments and stationery on the rise in 2023 but questions remain over the relevance of these products in an increasingly digital world
Rise in value sales of super premium beauty and personal care recorded in 2023
Guccio Gucci SpA holds the lead in personal luxury in 2022
PROSPECTS AND OPPORTUNITIES
Value sales look likely to increase in 2023 constant terms during the forecast period
Designer apparel and footwear (ready-to-wear) expected to remain the biggest category in value terms over the forecast period
Luxury wearables electronics is expected to be the most dynamic category as Italy goes digital
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


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