PROSPECTS AND OPPORTUNITIES
At first sight, no reason to observe a slowdown, thanks to growing demand, electric cars, and new technologies
The outlook is still favourable for retail current value sales of premium and luxury cars in France over the coming five years, although further double-digit growth could be unlikely. First, demand is expected to continue thanks to the expected progression of the upper-classes and number of millionaires.
Worrying signs for electric and hybrid high-end cars; however, mainly for Western manufacturers
However, following a trend that was detected in the overall car industry, but also in premium and luxury cars from May 2024, there could be a slowdown in sales of electric and hybrid high-end cars in 2024-2025, according to more pessimistic experts. There could first be a disaffection for hybrid cars, including high-end vehicles.
Sustainability outlook – the indirect competition from vintage premium and luxury cars
Following a movement that started a few years ago, the purchase of collectable high-end cars is becoming more popular in France – a country in which the proportion of second-hand products is above-average due to the rising number of eco-sensitive consumers. Experts predict such drastic price increases for standard cars that they expect this category to begin to get closer to the first accessible prices of the upscale/luxury level.
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Overview:
Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in France with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium and Luxury Cars industry in France, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Premium and Luxury Cars in France report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Premium and Luxury Cars in France?
- Which are the leading brands in Premium and Luxury Cars in France?
- How are products distributed in Premium and Luxury Cars in France?
- How important is tourism in evaluating demand for Premium and Luxury Cars in France?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Premium and Luxury Cars in France - Category analysis
KEY DATA FINDINGS
Dynamism continues in 2024, but slower than in 2023
Mainstream premium and luxury cars largely dominate, but outsiders record the most dynamic growth in 2023
Customisation and personalisation play a growing role, while self-driving is still late to take off
At first sight, no reason to observe a slowdown, thanks to growing demand, electric cars, and new technologies
Worrying signs for electric and hybrid high-end cars; however, mainly for Western manufacturers
Sustainability outlook – the indirect competition from vintage premium and luxury cars
Luxury Goods in France - Industry Overview
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
DISCLAIMER
Premium and Luxury Cars
Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Premium and Luxury Cars research and analysis database.
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