Luxury Goods in India
Euromonitor International
December 2021

List Of Contents And Tables

LUXURY GOODS IN INDIA
EXECUTIVE SUMMARY
Luxury goods in 2021: The big picture
2021 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 1 Sales of Luxury Goods by Category: Value 2016-2021
Table 2 Sales of Luxury Goods by Category: % Value Growth 2016-2021
Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2016-2021
Table 4 NBO Company Shares of Luxury Goods: % Value 2016-2020
Table 5 LBN Brand Shares of Luxury Goods: % Value 2017-2020
Table 6 Distribution of Luxury Goods by Format and Category: % Value 2021
Table 7 Forecast Sales of Luxury Goods by Category: Value 2021-2026
Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources
EXPERIENTIAL LUXURY IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Despite stabilisation of pandemic in India, consumers remain cautious about travel, impacting experiential luxury
Wedding season to aid recovery
Demand from tier-II and tier-III cities grows as aspirations rise
PROSPECTS AND OPPORTUNITIES
Increase in vaccination rates to benefit experiential luxury
Cash preservation and operational efficiencies to play key roles
Younger generation to create untapped opportunity
CATEGORY DATA
Table 9 Sales of Experiential Luxury by Category: Value 2016-2021
Table 10 Sales of Experiential Luxury by Category: % Value Growth 2016-2021
Table 11 NBO Company Shares of Experiential Luxury: % Value 2016-2020
Table 12 LBN Brand Shares of Experiential Luxury: % Value 2017-2020
Table 13 Forecast Sales of Experiential Luxury by Category: Value 2021-2026
Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2021-2026
LUXURY HOTELS IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Luxury hotels diversify to online food delivery
The trend of staycations is growing
Business hotels attempt to diversify their offerings
PROSPECTS AND OPPORTUNITIES
Recovery of luxury hotels dependent on multiple factors
Cash preservation to remain in focus due to capital intensive nature of luxury hotels
Focus on hygiene
CATEGORY DATA
Table 15 Sales in Luxury Hotels: Value 2016-2021
Table 16 Sales in Luxury Hotels: % Value Growth 2016-2021
Table 17 NBO Company Shares in Luxury Hotels: % Value 2016-2020
Table 18 LBN Brand Shares in Luxury Hotels: % Value 2017-2020
Table 19 Forecast Sales in Luxury Hotels: Value 2021-2026
Table 20 Forecast Sales in Luxury Hotels: % Value Growth 2021-2026
FINE WINES/CHAMPAGNE AND SPIRITS IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Restricted international borders allow domestic retailers to cater to demand
Consumers prefer premium offerings during home isolation
Wedding season and social outings to aid recovery
PROSPECTS AND OPPORTUNITIES
Foodservice sales likely to recover during the forecast period
Women and younger generation potential key segments for growth
Resumption of international travel could see sales shift back to overseas markets and duty free
CATEGORY DATA
Table 21 Sales of Fine Wines/Champagne and Spirits by Category: Value 2016-2021
Table 22 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2016-2021
Table 23 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2016-2020
Table 24 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2017-2020
Table 25 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2016-2021
Table 26 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2021-2026
Table 27 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2021-2026
PREMIUM AND LUXURY CARS IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Rising demand for SUVs in India
Rising demand from tier-II and tier-III cities
Rising demand for pre-owned/certified luxury cars
PROSPECTS AND OPPORTUNITIES
Electric vehicles gain momentum in line with greater sustainability concerns
Tesla to set up manufacturing in India
Connected car technology to drive further development
CATEGORY DATA
Table 28 Sales of Premium and Luxury Cars: Value 2016-2021
Table 29 Sales of Premium and Luxury Cars: % Value Growth 2016-2021
Table 30 NBO Company Shares of Premium and Luxury Cars: % Value 2016-2020
Table 31 LBN Brand Shares of Premium and Luxury Cars: % Value 2017-2020
Table 32 Forecast Sales of Premium and Luxury Cars: Value 2021-2026
Table 33 Forecast Sales of Premium and Luxury Cars: % Value Growth 2021-2026
PERSONAL LUXURY IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Trend for purchasing pre-owned luxury increases
Remote working hinders recovery of personal luxury
Aspirational consumers postpone purchases
PROSPECTS AND OPPORTUNITIES
Digitalisation to remain key for maintaining competitive advantage
Summer 2022 could offer strong opportunity for personal luxury to rebound
Essential for luxury brands to plan distribution strategies
CATEGORY DATA
Table 34 Sales of Personal Luxury by Category: Value 2016-2021
Table 35 Sales of Personal Luxury by Category: % Value Growth 2016-2021
Table 36 NBO Company Shares of Personal Luxury: % Value 2016-2020
Table 37 LBN Brand Shares of Personal Luxury: % Value 2017-2020
Table 38 Distribution of Personal Luxury by Format: % Value 2016-2021
Table 39 Forecast Sales of Personal Luxury by Category: Value 2021-2026
Table 40 Forecast Sales of Personal Luxury by Category: % Value Growth 2021-2026
DESIGNER APPAREL AND FOOTWEAR (READY-TO-WEAR) IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Rise in demand for athleisure wear/comfort wear due to home seclusion
Shift from skinny or slim jeans to comfortable baggy options
Return to weddings and festivals following stabilisation in 2021 supports greater demand for occasion-based apparel and footwear
PROSPECTS AND OPPORTUNITIES
E-commerce players remain bullish
Potential holiday opportunities for 2022 to benefit demand
Rise in sustainability
CATEGORY DATA
Table 41 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2016-2021
Table 42 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2016-2021
Table 43 NBO Company Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2016-2020
Table 44 LBN Brand Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2017-2020
Table 45 Distribution of Designer Apparel and Footwear (Ready-to-Wear) by Format: % Value 2016-2021
Table 46 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2021-2026
Table 47 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2021-2026
LUXURY EYEWEAR IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Rising demand for blue lenses and luxury spectacle frames
COVID-19's second wave impacts demand for luxury sun glasses
Contact lenses experiences slow recovery
PROSPECTS AND OPPORTUNITIES
Digitisation to remain key
Smart glasses to gain traction
Store-based retailing to remain relevant despite rise of omnichannel strategies
CATEGORY DATA
Table 48 Sales of Luxury Eyewear by Category: Value 2016-2021
Table 49 Sales of Luxury Eyewear by Category: % Value Growth 2016-2021
Table 50 NBO Company Shares of Luxury Eyewear: % Value 2016-2020
Table 51 LBN Brand Shares of Luxury Eyewear: % Value 2017-2020
Table 52 Distribution of Luxury Eyewear by Format: % Value 2016-2021
Table 53 Forecast Sales of Luxury Eyewear by Category: Value 2021-2026
Table 54 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2021-2026
LUXURY JEWELLERY IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Trend for colourful jewellery gains traction
Weddings and Valentine's Day remain key for sales
Swarovski invests in restructuring and rebranding
PROSPECTS AND OPPORTUNITIES
Store presence and plans to increase visibility as retailers attempt to strike a balance between cash preservation and expansion
Global brands create designs to cater to local tastes
Rising demand for lighter and more delicate designs
CATEGORY DATA
Table 55 Sales of Luxury Jewellery by Category: Value 2016-2021
Table 56 Sales of Luxury Jewellery by Category: % Value Growth 2016-2021
Table 57 NBO Company Shares of Luxury Jewellery: % Value 2016-2020
Table 58 LBN Brand Shares of Luxury Jewellery: % Value 2017-2020
Table 59 Distribution of Luxury Jewellery by Format: % Value 2016-2021
Table 60 Forecast Sales of Luxury Jewellery by Category: Value 2021-2026
Table 61 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2021-2026
LUXURY LEATHER GOODS IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Limited travel and second COVID-19 wave delay recovery of luxury travel goods
Business bags remain impacted due to remote working
As short domestic trips experience stronger recovery, duffel bags perform better
PROSPECTS AND OPPORTUNITIES
Aspirational consumers postpone purchases
Indian wedding season to aid recovery
Recovery of luxury leather goods due to pent-up demand likely over forecast period
CATEGORY DATA
Table 62 Sales of Luxury Leather Goods: Value 2016-2021
Table 63 Sales of Luxury Leather Goods: % Value Growth 2016-2021
Table 64 NBO Company Shares of Luxury Leather Goods: % Value 2016-2020
Table 65 LBN Brand Shares of Luxury Leather Goods: % Value 2017-2020
Table 66 Distribution of Luxury Leather Goods by Format: % Value 2016-2021
Table 67 Forecast Sales of Luxury Leather Goods: Value 2021-2026
Table 68 Forecast Sales of Luxury Leather Goods: % Value Growth 2021-2026
LUXURY PORTABLE CONSUMER ELECTRONICS IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Pandemic leaves bitter sweet taste
Evolution of distribution channels
PROSPECTS AND OPPORTUNITIES
Full early recovery expected but greater sophistication is emerging
Smartwatches gain traction due to the rise in healthy living trend
Local demographics to benefit future of luxury portable consumer electronics
CATEGORY DATA
Table 69 Sales of Luxury Portable Consumer Electronics by Category: Value 2016-2021
Table 70 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2016-2021
Table 71 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2016-2020
Table 72 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2017-2020
Table 73 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2016-2021
Table 74 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2021-2026
Table 75 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2021-2026
LUXURY TIMEPIECES IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Aspirational consumers shift to affordable brands or postpone purchases
Luxury brands enter India using online platforms, giving e-commerce a push
Gifting luxury timepieces remains relevant option
PROSPECTS AND OPPORTUNITIES
Reopening of international borders could see demand shift back to foreign markets
Smartwatches offer competition to luxury timepieces due to functional element
Rising demand for pre-owned luxury timepieces
CATEGORY DATA
Table 76 Sales of Luxury Timepieces by Category: Value 2016-2021
Table 77 Sales of Luxury Timepieces by Category: % Value Growth 2016-2021
Table 78 NBO Company Shares of Luxury Timepieces: % Value 2016-2020
Table 79 LBN Brand Shares of Luxury Timepieces: % Value 2017-2020
Table 80 Distribution of Luxury Timepieces by Format: % Value 2016-2021
Table 81 Forecast Sales of Luxury Timepieces by Category: Value 2021-2026
Table 82 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2021-2026
LUXURY WRITING INSTRUMENTS AND STATIONERY IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Overuse of digital devices creates fatigue amongst consumers
William Penn adds personalisation feature as part of reopening
Rytol opens first store in India
PROSPECTS AND OPPORTUNITIES
Importance of fountain pens as gifting item
Rising trend of pre-owned luxury writing instruments
Digital devices force companies to reconsider strategies and diversify
CATEGORY DATA
Table 83 Sales of Luxury Writing Instruments and Stationery: Value 2016-2021
Table 84 Sales of Luxury Writing Instruments and Stationery: % Value Growth 2016-2021
Table 85 NBO Company Shares of Luxury Writing Instruments and Stationery: % Value 2016-2020
Table 86 LBN Brand Shares of Luxury Writing Instruments and Stationery: % Value 2017-2020
Table 87 Distribution of Luxury Writing Instruments and Stationery by Format: % Value 2016-2021
Table 88 Forecast Sales of Luxury Writing Instruments and Stationery: Value 2021-2026
Table 89 Forecast Sales of Luxury Writing Instruments and Stationery: % Value Growth 2021-2026
SUPER PREMIUM BEAUTY AND PERSONAL CARE IN INDIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Subdued demand for super premium skin care sales in 2021
Discounting continues in super premium fragrances
Competition to intensify within the e-commerce space
PROSPECTS AND OPPORTUNITIES
Weddings to aid recovery and propel growth
Store-based retailing to benefit super premium fragrances
Sales of super premium colour cosmetics to improve due to increasing mobility
CATEGORY DATA
Table 90 Sales of Super Premium Beauty and Personal Care by Category: Value 2016-2021
Table 91 Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2016-2021
Table 92 NBO Company Shares of Super Premium Beauty and Personal Care: % Value 2016-2020
Table 93 LBN Brand Shares of Super Premium Beauty and Personal Care: % Value 2017-2020
Table 94 Distribution of Super Premium Beauty and Personal Care by Format: % Value 2016-2021
Table 95 Forecast Sales of Super Premium Beauty and Personal Care by Category: Value 2021-2026
Table 96 Forecast Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2021-2026