Personal Luxury in the US
Designer apparel and footwear (ready-to-wear) in the US is expected to continue to lag behind the retail current value growth in the broader personal luxury category in 2024, despite continuing to account for the highest sales. In 2024, it is expected to see a modest 2% increase in retail current value terms, primarily driven by men's designer apparel, which is set to experience a 4% rise. According to Euromonitor’s Voice of the Consumer: Lifestyles Survey, fielded January to February 2024, 30%...
Euromonitor International's Personal Luxury in USA report offers a comprehensive guide to the size and shape of the Personal Luxury 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 Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change
Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
Euromonitor International's Personal Luxury in USA report offers a comprehensive guide to the size and shape of the Personal Luxury 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 Personal Luxury retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change
Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Personal Luxury 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.
Personal Luxury in the US
Euromonitor International
November 2024
LIST OF CONTENTS AND TABLES
PERSONAL LUXURY IN THE US
KEY DATA FINDINGS
2024 DEVELOPMENTS
Designer apparel and footwear (ready-to-wear) lags behind overall personal luxury
Luxury eyewear faces a slowdown in growth amidst economic challenges
Growth in luxury jewellery outpaces that in wider personal luxury, despite looming disruption from lab-grown diamonds
Luxury leather goods faces a slowdown amidst a pullback by aspirational shoppers
Luxury wearables benefits from continued consumer investment in health and wellness
Players explore opportunities in women’s luxury timepieces amidst an overall slowdown
Luxury writing instruments and stationery challenged by more cautious consumer spending habits
Super premium beauty and personal care remains resilient despite rise of value-oriented beauty consumers
PROSPECTS AND OPPORTUNITIES
Personal luxury is poised for slow and stable growth, with various challenges ahead
Importance of responding to consumers’ sustainability demands will only grow over the forecast period
Personal luxury brands will have to provide a seamless and authentic experience both in-store and online
CATEGORY DATA
Table 1 Sales of Personal Luxury by Category: Value 2019-2024
Table 2 Sales of Personal Luxury by Category: % Value Growth 2019-2024
Table 3 NBO Company Shares of Personal Luxury: % Value 2019-2023
Table 4 LBN Brand Shares of Personal Luxury: % Value 2020-2023
Table 5 Distribution of Personal Luxury by Format: % Value 2019-2024
Table 6 Forecast Sales of Personal Luxury by Category: Value 2024-2029
Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2024-2029
LUXURY GOODS IN THE US
EXECUTIVE SUMMARY
Luxury goods in 2024: The big picture
2024 KEY TRENDS
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2019-2024
Table 9 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 11 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 12 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 14 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources
Euromonitor International
November 2024
LIST OF CONTENTS AND TABLES
PERSONAL LUXURY IN THE US
KEY DATA FINDINGS
2024 DEVELOPMENTS
Designer apparel and footwear (ready-to-wear) lags behind overall personal luxury
Luxury eyewear faces a slowdown in growth amidst economic challenges
Growth in luxury jewellery outpaces that in wider personal luxury, despite looming disruption from lab-grown diamonds
Luxury leather goods faces a slowdown amidst a pullback by aspirational shoppers
Luxury wearables benefits from continued consumer investment in health and wellness
Players explore opportunities in women’s luxury timepieces amidst an overall slowdown
Luxury writing instruments and stationery challenged by more cautious consumer spending habits
Super premium beauty and personal care remains resilient despite rise of value-oriented beauty consumers
PROSPECTS AND OPPORTUNITIES
Personal luxury is poised for slow and stable growth, with various challenges ahead
Importance of responding to consumers’ sustainability demands will only grow over the forecast period
Personal luxury brands will have to provide a seamless and authentic experience both in-store and online
CATEGORY DATA
Table 1 Sales of Personal Luxury by Category: Value 2019-2024
Table 2 Sales of Personal Luxury by Category: % Value Growth 2019-2024
Table 3 NBO Company Shares of Personal Luxury: % Value 2019-2023
Table 4 LBN Brand Shares of Personal Luxury: % Value 2020-2023
Table 5 Distribution of Personal Luxury by Format: % Value 2019-2024
Table 6 Forecast Sales of Personal Luxury by Category: Value 2024-2029
Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2024-2029
LUXURY GOODS IN THE US
EXECUTIVE SUMMARY
Luxury goods in 2024: The big picture
2024 KEY TRENDS
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2019-2024
Table 9 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 11 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 12 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 14 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources
