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Market value of luxury goods in the United Kingdom (UK) from 2015 to 2020
(in million euros)
Luxury goods market value in the United Kingdom 2015-2020
Since the beginning of the reporting period, the value of the luxury goods market in the United Kingdom has been increasing annually. Between 2015 and 2019, the market value increased by approximately 30 percent to reach 59.3 billion euros. Projections show that this trend is expected to continue, with the market forecast to value 65.7 billion euros by 2020.

Rolex the nations favorite luxury brand

  In a survey of more than 4,000 people, it was found that the luxury watch manufacturer Rolex was the nations favorite luxury brand. Originally named Wilsdorf and Davis, the company was founded in London, England in the early 1900’s. After WWI, the base of operations moved to Geneva, becoming Rolex SA.

Leading luxury stores

  One of the most well-known luxury goods department stores in the world is Harrods. Located in London’s upmarket Knightsbridge neighborhood, the store is a popular attraction for tourists. Between July 2017 and 2018, the company saw like-for-like sales growth of 23 percent. Between 2016 and 2018, Harrods saw its net worth increase by 93 percent to reach just under two billion GBP.
Market value of luxury goods in the United Kingdom (UK) from 2015 to 2020
(in million euros)
Market value in million euros
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Source

Release date

March 2019

Region

United Kingdom

Survey time period

2015 to 2020

Supplementary notes

*forecast

Market value refers to the retail value RSP (Retail Sales Price) calculated according to fixed 2018 exchange rates

Luxury goods market value in the United Kingdom 2015-2020
Since the beginning of the reporting period, the value of the luxury goods market in the United Kingdom has been increasing annually. Between 2015 and 2019, the market value increased by approximately 30 percent to reach 59.3 billion euros. Projections show that this trend is expected to continue, with the market forecast to value 65.7 billion euros by 2020.

Rolex the nations favorite luxury brand

  In a survey of more than 4,000 people, it was found that the luxury watch manufacturer Rolex was the nations favorite luxury brand. Originally named Wilsdorf and Davis, the company was founded in London, England in the early 1900’s. After WWI, the base of operations moved to Geneva, becoming Rolex SA.

Leading luxury stores

  One of the most well-known luxury goods department stores in the world is Harrods. Located in London’s upmarket Knightsbridge neighborhood, the store is a popular attraction for tourists. Between July 2017 and 2018, the company saw like-for-like sales growth of 23 percent. Between 2016 and 2018, Harrods saw its net worth increase by 93 percent to reach just under two billion GBP.
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Statistics on "Luxury goods in the United Kingdom (UK)"
  • Luxury goods: UK market overview
  • Leading British luxury brands
  • Luxury department stores
  • Luxury consumers
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