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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
United Kingdom Luxury Goods Market Size
The United Kingdom luxury goods market is projected to grow at a CAGR of 5.7% between 2024 and 2032.
| UK Luxury Goods Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.7% |
| CAGR 2024-2032 - Market by Region | England | 6.6% |
| CAGR 2024-2032 - Market by Type | Watches and Jewellery | 6.4% |
| CAGR 2024-2032 - Market by Distribution Channel | Online | 7.4% |
| Market Share by Region 2023 | Scotland | XX% |
United Kingdom Luxury Goods Market Outlook
- As per industry reports, the UK imports of wristwatches, battery-powered and with a case accounted for a total value of USD 5,408.63K with major imports from Switzerland, China, and Spain.
- In June 2024, Marks and Spencer announced the launch of a new clothing repairs and alteration service to boost sustainable habits among customers.
- In June 2024, fast-fashion online brand Shein notified the launch of its resale platform in the United Kingdom and Europe.
United Kingdom Luxury Goods Market Report Snapshots
United Kingdom Luxury Goods Market Size
United Kingdom Luxury Goods Market Growth
United Kingdom Luxury Goods Market Share
United Kingdom Luxury Goods Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 5.7% between 2024 and 2032.
The major drivers are rising disposable income, changing consumer preferences, and increasing role of ecommerce channels.
The key trends of the luxury goods market in the United Kingdom include the usage of augmented reality in retailing, growing focus on sustainability, and growing global demand for various kinds of luxury goods such as bags, handbags, and clothing items.
Based on region, the market is mainly divided into England, Wales, Scotland, Northern Ireland.
Based on distribution channels, the market is segmented into online and offline.
The key players in the market are Chanel Limited, Kering SA, Rolex SA, Hermès International S.A., Giorgio Armani S.p.A., Ralph Lauren Corporation, Compagnie Financière Richemont SA, Prada SpA, VALENTINO S.p.A., Tiffany & Co., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124