Table of Content

Luxury Goods in the US
Euromonitor International
November 2024

List Of Contents And Tables

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 1 Sales of Luxury Goods by Category: Value 2019-2024
Table 2 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 4 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 5 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 6 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 7 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources
EXPERIENTIAL LUXURY IN THE US
KEY DATA FINDINGS
2024 DEVELOPMENTS
Holistic experiences drive growth in luxury hotels, while luxury foodservice thrives with new healthy and personalised menu options
A successful brand evolution at the right time and place: Marriott International maintains its lead in experiential luxury
Customers look to regenerative travel options to make an impact
PROSPECTS AND OPPORTUNITIES
Experience is king: Customer preference for luxury, memorable experiences will boost the growth of experiential luxury over the forecast period
Wellbeing and sustainability expected to be the focus of new luxury hotel openings
New openings in strategic locations will bring an additional boost to experiential luxury through cultural heritage and unique adventure offerings
CATEGORY DATA
Table 9 Sales of Experiential Luxury by Category: Value 2019-2024
Table 10 Sales of Experiential Luxury by Category: % Value Growth 2019-2024
Table 11 NBO Company Shares of Experiential Luxury: % Value 2019-2023
Table 12 LBN Brand Shares of Experiential Luxury: % Value 2020-2023
Table 13 Forecast Sales of Experiential Luxury by Category: Value 2024-2029
Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2024-2029
FINE WINES/CHAMPAGNE AND SPIRITS IN THE US
KEY DATA FINDINGS
2024 DEVELOPMENTS
Ebbing inflation and rising incomes adjust the course of fine wines/champagne and spirits
Less but better trend tenuously sustains premiumisation
Celebrity luxury approaches tipping point
PROSPECTS AND OPPORTUNITIES
Growth set to continue, despite permacrisis
The uncertain prospect of third spaces will incentivise at-home opportunities
No/low alcohol wine and spirits still an untapped opportunity
CATEGORY DATA
Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2019-2024
Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2019-2024
Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2019-2023
Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2020-2023
Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2019-2024
Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2024-2029
Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2024-2029
PREMIUM AND LUXURY CARS IN THE US
KEY DATA FINDINGS
2024 DEVELOPMENTS
Growth of premium and luxury EVs slows, while Chinese component ban disrupts supply chain for luxury petrol cars
Beyond vehicles: Premium and luxury cars as an integral part of a luxury lifestyle
Beyond purchase: The ultimate ownership experience
PROSPECTS AND OPPORTUNITIES
Overcoming supply chain and other challenges to achieve the zero emissions future
Tesla’s robo-car and Cybertruck: Pioneering the future amidst market hesitation
Enhancing luxury experiences through connectivity is key to rejuvenating luxury EVs
CATEGORY DATA
Table 22 Sales of Premium and Luxury Cars: Value 2019-2024
Table 23 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
Table 26 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029
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 28 Sales of Personal Luxury by Category: Value 2019-2024
Table 29 Sales of Personal Luxury by Category: % Value Growth 2019-2024
Table 30 NBO Company Shares of Personal Luxury: % Value 2019-2023
Table 31 LBN Brand Shares of Personal Luxury: % Value 2020-2023
Table 32 Distribution of Personal Luxury by Format: % Value 2019-2024
Table 33 Forecast Sales of Personal Luxury by Category: Value 2024-2029
Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2024-2029