Luxury Goods in France

LUXURY GOODS IN FRANCE

Euromonitor International

February 2019

LIST OF CONTENTS AND TABLES

Executive Summary

the Return of Wealthy Tourists Boosts Luxury Goods Industry

Experiential Luxury Sales Grow

German Manufacturers Boost the Luxury Cars Category

Digital Consumers and Omnichannel Strategies

the Outlook Remains Largely Positive for All Categories

Market Indicators

Table 1 Number of High Net Worth Individuals (HNWI): 2013-2018

Market Data

Table 2 Sales of Luxury Goods by Category: Value 2013-2018

Table 3 Sales of Luxury Goods by Category: % Value Growth 2013-2018

Table 4 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018

Table 5 NBO Company Shares of Luxury Goods: % Value 2013-2017

Table 6 LBN Brand Shares of Luxury Goods: % Value 2014-2017

Table 7 Distribution of Luxury Goods by Format and Category: % Value 2018

Table 8 Forecast Sales of Luxury Goods by Category: Value 2018-2023

Table 9 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Sources

Summary 1 Research Sources

Headlines

Prospects

Hospitality - A New Trend for Fashion Luxury Houses

Luxury Foodservice Blends in With French Tradition of Gastronomy

Gourmet Stores Also Provide A Taste of Experiential Luxury

Competitive Landscape

Armani Is the First Luxury House To Establish Itself Into Hospitality in France

Other Fashion Powerhouses Became Luxury Food Players in France

More Fashion House Restaurants Are Expected To Open

Category Data

Table 10 Sales in Luxury Foodservice: Value 2013-2018

Table 11 Sales in Luxury Foodservice: % Value Growth 2013-2018

Table 12 NBO Company Shares in Luxury Foodservice: % Value 2013-2017

Table 13 LBN Brand Shares in Luxury Foodservice: % Value 2014-2017

Table 14 Forecast Sales in Luxury Foodservice: Value 2018-2023

Table 15 Forecast Sales in Luxury Foodservice: % Value Growth 2018-2023

Headlines

Prospects

the French Hotel Industry Is Far From Recovery Following Terrorist Attacks

Presence of Luxury Hotels Is on the Rise

Over-reliance on Luxury Clientele Can Backfire

Competitive Landscape

Accordhotels Groups Leads Amongst Domestic Luxury Hotels

Luxury Hotels Invest Millions of Euros in Upgrades and To Increase Attractiveness

Competition From Airbnb Increases Pressure on Hospitality Market

Category Data

Table 16 Sales in Luxury Hotels: Value 2013-2018

Table 17 Sales in Luxury Hotels: % Value Growth 2013-2018

Table 18 Sales in Luxury Hotels by Country of Origin: % Value 2013-2017

Table 19 NBO Company Shares in Luxury Hotels: % Value 2013-2017

Table 20 LBN Brand Shares in Luxury Hotels: % Value 2014-2017

Table 21 Forecast Sales in Luxury Hotels: Value 2018-2023

Table 22 Forecast Sales in Luxury Hotels: % Value Growth 2018-2023

Headlines

Prospects

Fine Wines/champagne and Spirits Grow in Value

Distribution Channels Performing Well

Further Growth Expected in the Forecast Period

Competitive Landscape

Groupe Pernod Ricard Leads Luxury Drinks

Multinational Groups Are Key Players in A Highly Competitive and Fragmented Category

Players Need To Adjust To Changing Tastes

Category Data

Table 23 Sales of Fine Wines/Champagne and Spirits by Category: Value 2013-2018

Table 24 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2013-2018

Table 25 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2013-2017

Table 26 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2014-2017

Table 27 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2013-2018

Table 28 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023

Table 29 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023

Headlines

Prospects

Car Culture in France Remains Associated With Social Inequality

New Tax on Supercars

Competitive Landscape

German Manufacturers Dominate

Tesla's High-end Electric Vehicles Struggle To Scale Up

Hybrid Technology Answers Demand for Eco-friendly Luxury Cars

Category Data

Table 30 Sales of Luxury Cars: Value 2013-2018

Table 31 Sales of Luxury Cars: % Value Growth 2013-2018

Table 32 NBO Company Shares of Luxury Cars: % Value 2013-2017

Table 33 LBN Brand Shares of Luxury Cars: % Value 2014-2017

Table 34 Forecast Sales of Luxury Cars: Value 2018-2023

Table 35 Forecast Sales of Luxury Cars: % Value Growth 2018-2023

Headlines

Prospects

the Return of Wealthy Tourists Boosts the Personal Luxury Category

the Quest for Millennials Through Digitalisation and Collaboration

Competitive Landscape

LVMH Remains World's Number One

Richemont Leads in Luxury Jewellery and Timepieces

Kering Continues Its Stellar Performance

Category Data

Table 36 Sales of Personal Luxury by Category: Value 2013-2018

Table 37 Sales of Personal Luxury by Category: % Value Growth 2013-2018

Table 38 NBO Company Shares of Personal Luxury: % Value 2013-2017

Table 39 LBN Brand Shares of Personal Luxury: % Value 2014-2017

Table 40 Forecast Sales of Personal Luxury by Category: Value 2018-2023

Table 41 Forecast Sales of Personal Luxury by Category: % Value Growth 2018-2023

Headlines

Prospects

Renewed Sales Growth Pushed by Increased Tourism

Under Millennials' Influence, Category Sales Buoyed by Online Purchasing

Men's Apparel Is at the Heart of All Major Luxury Designers' Strategy

Competitive Landscape

Kering's Gucci and Balenciaga Enjoy A Fabulous Year

Demand for Second-hand Luxury Is on the Rise

Luxury Brands Are Testing New Alliances With Pure Players

Category Data

Table 42 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2013-2018

Table 43 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2013-2018

Table 44 NBO Company Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2013-2017

Table 45 LBN Brand Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2014-2017

Table 46 Distribution of Designer Apparel and Footwear (Ready-to-Wear) by Format: % Value 2013-2018

Table 47 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2018-2023

Table 48 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2018-2023

Headlines

Prospects

Reste à charge Zéro Could Impact Luxury Spectacle Frames Negatively

Shifting Retail Landscape

Luxury Sunglasses A More Accessible Option

Competitive Landscape

Luxottica Dominates Luxury Eyewear

the Luxottica-essilor Merger Changes the Landscape

Dior Establishes Its First Optical Shop in Paris

Category Data

Table 49 Sales of Luxury Eyewear by Category: Value 2013-2018

Table 50 Sales of Luxury Eyewear by Category: % Value Growth 2013-2018

Table 51 NBO Company Shares of Luxury Eyewear: % Value 2013-2017

Table 52 LBN Brand Shares of Luxury Eyewear: % Value 2014-2017

Table 53 Distribution of Luxury Eyewear by Format: % Value 2013-2018

Table 54 Forecast Sales of Luxury Eyewear by Category: Value 2018-2023

Table 55 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2018-2023

Headlines

Prospects

Negative Impact of Ceiling of Payment and New Tax on Luxury Goods

Luxury Costume Jewellery Regains Fashionable Image

Some Niche Potential for Men's Fine Luxury Jewellery

Competitive Landscape

Cartier Maintains Its Lead in Luxury Jewellery

Swarovski Continues To Attract Interest

Mauboussin Records Spectacular Sales Growth in 2017

Category Data

Table 56 Sales of Luxury Jewellery by Category: Value 2013-2018

Table 57 Sales of Luxury Jewellery by Category: % Value Growth 2013-2018

Table 58 NBO Company Shares of Luxury Jewellery: % Value 2013-2017

Table 59 LBN Brand Shares of Luxury Jewellery: % Value 2014-2017

Table 60 Distribution of Luxury Jewellery by Format: % Value 2013-2018

Table 61 Forecast Sales of Luxury Jewellery by Category: Value 2018-2023

Table 62 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2018-2023

Headlines

Prospects

Luxury Leather Goods Sales To Recover From Severe 2016 Slide

Men's Luxury Bags To Record Higher Growth Than Women's Luxury Bags

Millennials Are the Key Target Audience All Brands Are Vying for

Competitive Landscape

Louis Vuitton Malletier Leads Luxury Leather Goods

French Manufacturer Longchamp's Reputation Remains Unscathed

Lancel Sold To Piquadro

Category Data

Table 63 Sales of Luxury Leather Goods: Value 2013-2018

Table 64 Sales of Luxury Leather Goods: % Value Growth 2013-2018

Table 65 NBO Company Shares of Luxury Leather Goods: % Value 2013-2017

Table 66 LBN Brand Shares of Luxury Leather Goods: % Value 2014-2017

Table 67 Distribution of Luxury Leather Goods by Format: % Value 2013-2018

Table 68 Forecast Sales of Luxury Leather Goods: Value 2018-2023

Table 69 Forecast Sales of Luxury Leather Goods: % Value Growth 2018-2023

Headlines

Prospects

Increasing Threat To Future Growth of Luxury Mobile Phones

Lack of Autonomy and Planned Obsolescence

Luxury Wearables' Popularity Grows

Competitive Landscape

Luxury Mobile Phone Leader Vertu Collapses

Growing Number of Players in Luxury Wearables

Innovation Is the Engine That Fuels the Consumer Electronics Market

Category Data

Table 70 Sales of Luxury Portable Consumer Electronics by Category: Value 2013-2018

Table 71 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2013-2018

Table 72 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2013-2017

Table 73 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2014-2017

Table 74 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2013-2018

Table 75 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2018-2023

Table 76 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2018-2023

Headlines

Prospects

Timepieces Is Undergoing Major Changes

Category Impacted by Currency Fluctuations

Luxury Brands Expand Product Ranges To Make Them More Affordable

Competitive Landscape

Rolex Remains the Undisputed Leader

Richemont Looking To Rejuvenate Its Century-old Brands and Company Image

Innovation Is Key for the Luxury Watch Industry

Category Data

Table 77 Sales of Luxury Timepieces by Category: Value 2013-2018

Table 78 Sales of Luxury Timepieces by Category: % Value Growth 2013-2018

Table 79 NBO Company Shares of Luxury Timepieces: % Value 2013-2017

Table 80 LBN Brand Shares of Luxury Timepieces: % Value 2014-2017

Table 81 Distribution of Luxury Timepieces by Format: % Value 2013-2018

Table 82 Forecast Sales of Luxury Timepieces by Category: Value 2018-2023

Table 83 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2018-2023

Headlines

Prospects

Positive Growth Expected Over the Forecast Period, But Digital Devices Gaining More Favour As Communication Tools

Luxury Writing Instruments Fares Better Than Luxury Stationery

Ongoing Cannibalisation by Internet Sales

Competitive Landscape

Montblanc Leads the Category

Montegrappa: From Tradition To Pop Culture Designs

Mauboussin Is Making Strides in the Luxury Arena

Category Data

Table 84 Sales of Luxury Writing Instruments and Stationery: Value 2013-2018

Table 85 Sales of Luxury Writing Instruments and Stationery: % Value Growth 2013-2018

Table 86 NBO Company Shares of Luxury Writing Instruments and Stationery: % Value 2013-2017

Table 87 LBN Brand Shares of Luxury Writing Instruments and Stationery: % Value 2014-2017

Table 88 Distribution of Luxury Writing Instruments and Stationery by Format: % Value 2013-2018

Table 89 Forecast Sales of Luxury Writing Instruments and Stationery: Value 2018-2023

Table 90 Forecast Sales of Luxury Writing Instruments and Stationery: % Value Growth 2018-2023

Headlines

Prospects

Super Premium Fragrances To Record the Most Dynamic Growth Over the Forecast Period

Skin Care Products Trying To Catch Their Second Wind

Emergence of New Marketing Trends

Competitive Landscape

Christian Dior Leads in All Product Categories

Digital Technology Pivotal for Brand Awareness and Future Growth

Traditional Brands See the Importance of Naturalness

Category Data

Table 91 Sales of Super Premium Beauty and Personal Care by Category: Value 2013-2018

Table 92 Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2013-2018

Table 93 NBO Company Shares of Super Premium Beauty and Personal Care: % Value 2013-2017

Table 94 LBN Brand Shares of Super Premium Beauty and Personal Care: % Value 2014-2017

Table 95 Distribution of Super Premium Beauty and Personal Care by Format: % Value 2013-2018

Table 96 Forecast Sales of Super Premium Beauty and Personal Care by Category: Value 2018-2023

Table 97 Forecast Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2018-2023