Premium and Luxury Cars in the United Kingdom

Description

Sales of premium and luxury cars in the UK remain significantly lower than pre-pandemic levels in 2024, despite double-digit growth rates the previous year. While some high net worth individuals continue to invest in premium vehicles, the overall dynamics in the local market are hindering growth opportunities. High-performance electric cars and upscale SUVs are gaining traction in the UK as they appeal to luxury buyers seeking performance and sustainability when purchasing new vehicles.

Euromonitor International's Premium and Luxury Cars in United Kingdom report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers' shopping patterns. Forecasts to 2028 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Premium and Luxury Cars market;
Pinpoint growth sectors and identify factors driving change;
Understand the competitive environment, the market's major players and leading brands;
Use five-year forecasts to assess how the market is predicted to develop.

Product Code: LUXGBlc

List Of Contents And Tables

KEY DATA FINDINGS

2024 DEVELOPMENTS

A troubling year for premium and luxury cars
Technology innovations continue to drive development decisions
Consolidated competitive landscape remains fairly stable

PROSPECTS AND OPPORTUNITIES

Shifting consumer preferences will dictate priorities
Regulatory pressures determine technological developments
Sustainability across the value chain will be driven by manufacturers and consumers

CATEGORY DATA

Table 1 Sales of Premium and Luxury Cars: Value 2019-2024
Table 2 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
Table 5 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029

LUXURY GOODS IN THE UNITED KINGDOM

EXECUTIVE SUMMARY

Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?

MARKET DATA

Table 7 Sales of Luxury Goods by Category: Value 2019-2024
Table 8 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 10 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 11 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 13 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029

DISCLAIMER

SOURCES

Summary 1 Research Sources