Market research on the luxury goods industry. Our reports feature...
Market research on the luxury goods industry. Our reports feature a wealth of standardised and cross-comparable statistics including total market sizes, market share and share data, distribution and industry trends.
Premium and luxury cars remains a strong category in Sweden in 2024, despite overall economic uncertainty, inflationary pressures, and a weak local currency. This can also be evidenced by the fact that the leading players in luxury goods are also…
Premium and luxury cars continued to see strong growth in current value and retail volume terms in South Africa in 2024. A more stable rate of inflation in the country, alongside the growing number of affluent consumers has helped to sustain a…
Premium and luxury cars has been the most dynamic area of luxury goods in Poland in 2024, recording double-digit growth in retail value and volume terms. Despite efforts from the government to encourage consumers to switch to electric and hybrid…
Sales of premium and luxury cars in the Philippines continue to be significantly influenced by the economic landscape in 2024. Therefore, the trends seen connected to urbanisation and the growth of the middle-class are helping to boost sales in…
Retail value sales of premium and luxury cars rose by a significant 30% to a total of SGD5.2 billion in 2024, with wealthy consumers showcasing resilience in the face of macroeconomic challenges. Sales are heavily based on high consumer confidence…
Value sales of premium and luxury cars are set to grow by 8% in current terms in Hong Kong in 2024 to total HKD16.1 billion. This will represent a return to growth, with sales having fallen dramatically in 2023 after two years of exceptionally strong…
Current value sales of premium and luxury cars are up by 3% to total CNY1.929 billion in China in 2024, thanks to persistent demand from higher-income consumers, with expenditure proving resilient in the face of macroeconomic headwinds. Wealth…
Overall demand for premium and luxury cars in Thailand remains buoyant in 2024, with the category contingent on wealth among a niche segment of high net worth individuals. Although Thailand’s economic situation remains uncertain, as it continues to…
Retail value sales of premium and luxury cars saw double-digit growth of 13% in 2024, with total sales of KRW26.4 trillion. The landscape continues to thrive despite inflation, while the macroeconomic situation has less impact on luxury and…
Value sales of premium and luxury cars are set to grow by more than 200% in current terms in Argentina in 2024. This will be mostly because of the increase in prices after the devaluation of December 2023, but also because, during the year, there was…
Malaysians continue to show a strong appetite towards premium and luxury cars with vehicle sales seeing double-digit growth in value and volume terms in 2024. This dynamic growth has been backed by aggressive new launches from leading brands like BMW…
Sales of premium and luxury cars are rising in Brazil in 2024 in both value (constant and current) and volume terms, though growth has slowed considerably since 2023. Wealthy consumers are showing heightened demand for sophisticated items including…
Premium and luxury cars in the United Arab Emirates recorded three consecutive years of strong double-digit retail volume and value growth between 2021 and 2023, driven by an influx of high net worth individuals. While growth is notably slower in…
Despite the weak economic outlook, with basic goods growing in price and interest rates still high (the majority of Spaniards have a mortgage), premium and luxury cars in Spain is set to maintain dynamic growth in both retail volume and current value…
While value sales of premium and luxury cars in Italy fully recovered to surpass pre-pandemic levels in 2023 due to the high value of these items, overall demand is expected to recover over 2024. Wealth determines the degree of demand that exists for…
Retail current value sales of premium and luxury cars will rise by a substantial 13% in 2024. This significant growth highlights that, despite inflation and the challenging macroeconomic environment, the luxury car market in Romania is continuing to…
Within luxury goods, premium and luxury cars dominates in India – expected to account for over 40% of overall value sales in 2024. Premium and luxury cars has also been experiencing a remarkable uptick in sales in India, and in 2024 it is set to…
The market for premium and luxury cars in Turkey poised for robust growth in current value terms in 2024.
The improving state of the Dutch economy and an increase in real wages has provided a boost to consumer confidence in 2024 with more people showing a willingness to invest in new premium and luxury cars. Manufacturers and retailers have remained…
In 2024, premium and luxury car sales experienced healthy growth despite challenges in the broader car market caused by economic headwinds. Canadian consumers faced a higher cost of living and elevated interest rates, particularly affecting…