Luxury Gets a Boost: Experiences to Drive India’s Luxe Lane, Says Euromonitor

Image Source: Economic Times

India’s luxury market is undergoing a transformation, with experiential luxury—fine dining, travel, and curated experiences—projected to grow at a staggering 77.8% CAGR between 2026 and 2030. According to Euromonitor, this segment will nearly match luxury car sales by decade’s end, reshaping how affluent Indians spend on premium indulgences.

Luxury Reimagined: Experiences Drive India’s High-End Market Surge

India’s luxury landscape is shifting gears from material opulence to immersive indulgence. According to a recent report by Euromonitor International, experiential luxury—which includes fine dining, luxury holidays, and curated lifestyle experiences—is poised to become the fastest-growing segment in the country’s premium market.

Major Takeaways from Euromonitor’s Report:

Explosive Growth Forecast

Experiential luxury is expected to grow at a compound annual rate of 77.8% between 2026 and 2030, outpacing traditional luxury categories.

By 2030, its revenue is projected to rival luxury car sales, which currently dominate the market with a 43% share.

Changing Consumer Preferences

Affluent Indian consumers, especially millennials and Gen Z, are increasingly prioritizing memorable experiences over material possessions.

This trend is reshaping brand strategies, with companies offering personalized, immersive services.

Luxury Cars Still Lead—For Now

Cars priced above ₹50 lakh remain the largest luxury segment, but their dominance is being challenged by experience-driven spending.

Financing options and electric vehicle choices have helped sustain car sales growth.

Retail Spaces Go Experiential

Luxury brands are reimagining stores as lifestyle hubs, blending art, culture, and hospitality to attract high-end clientele.

This shift is part of a broader move to build emotional connections with consumers.

India’s Global Position Strengthens

With a projected 10% growth in 2025, India’s luxury market is expected to reach $12.1 billion, making it a key player globally.

The country joins South Africa and UAE among the fastest-growing luxury markets.

Drivers of Growth

Rising urban affluence, digital exposure, and travel aspirations are fueling demand for premium experiences.

The luxury ecosystem is also benefiting from startup innovation and hospitality sector expansion.

India’s luxury market is no longer just about what you own—it’s about what you experience. As brands pivot to meet this evolving demand, experiential luxury is set to redefine premium living in the subcontinent.

Sources: LiveMint, Business Today

Stay Ahead – Explore Now! 66% Discount and Free Passes—MSRTC’s Big Relief for Students