diff --git a/.gitignore b/.gitignore
index 3a623fd213..573a50120b 100644
--- a/.gitignore
+++ b/.gitignore
@@ -4,6 +4,7 @@
 .DS_Store
 .coverage
 .dmypy.json
+.asv
 .idea
 .mypy_cache
 __pycache__
diff --git a/asv.conf.json b/asv.conf.json
new file mode 100644
index 0000000000..575cb922c2
--- /dev/null
+++ b/asv.conf.json
@@ -0,0 +1,12 @@
+{
+    "version": 1,
+    "project": "colour",
+    "project_url": "https://www.colour-science.org/",
+    "repo": ".",
+    "branches": ["feature/benchmarks"],
+    "environment_type": "virtualenv",
+    "env_dir": ".asv/env",
+    "results_dir": ".asv/results",
+    "html_dir": ".asv/html",
+    "matrix": {"req": {"poetry-core": []}}
+}
diff --git a/benchmarks/__init__.py b/benchmarks/__init__.py
new file mode 100644
index 0000000000..e69de29bb2
diff --git a/benchmarks/colour/__init__.py b/benchmarks/colour/__init__.py
new file mode 100644
index 0000000000..e69de29bb2
diff --git a/benchmarks/colour/models/__init__.py b/benchmarks/colour/models/__init__.py
new file mode 100644
index 0000000000..e69de29bb2
diff --git a/benchmarks/colour/models/cie_xyy.py b/benchmarks/colour/models/cie_xyy.py
new file mode 100644
index 0000000000..6d706e3b5d
--- /dev/null
+++ b/benchmarks/colour/models/cie_xyy.py
@@ -0,0 +1,36 @@
+"""
+"colour.models" sub-package Benchmarks
+======================================
+"""
+
+
+import colour
+
+from benchmarks.factories import IJ_suites_factory, IJK_suites_factory
+
+__author__ = "Colour Developers"
+__copyright__ = "Copyright 2013 Colour Developers"
+__license__ = "New BSD License - https://opensource.org/licenses/BSD-3-Clause"
+__maintainer__ = "Colour Developers"
+__email__ = "colour-developers@colour-science.org"
+__status__ = "Production"
+
+
+IJK_suites_factory(
+    [
+        colour.models.XYZ_to_xyY,
+        colour.models.xyY_to_XYZ,
+        colour.models.xyY_to_xy,
+        colour.models.XYZ_to_xy,
+    ],
+    __name__,
+)
+
+
+IJ_suites_factory(
+    [
+        colour.models.xy_to_XYZ,
+        colour.models.xy_to_xyY,
+    ],
+    __name__,
+)
diff --git a/benchmarks/factories/__init__.py b/benchmarks/factories/__init__.py
new file mode 100644
index 0000000000..cbaae6a152
--- /dev/null
+++ b/benchmarks/factories/__init__.py
@@ -0,0 +1,130 @@
+"""
+Suite Factories
+===============
+"""
+
+
+import numpy as np
+import sys
+from functools import partial
+
+from colour.hints import Callable, List, Optional, Sequence
+
+__author__ = "Colour Developers"
+__copyright__ = "Copyright 2013 Colour Developers"
+__license__ = "New BSD License - https://opensource.org/licenses/BSD-3-Clause"
+__maintainer__ = "Colour Developers"
+__email__ = "colour-developers@colour-science.org"
+__status__ = "Production"
+
+__all__ = [
+    "Suite",
+    "suites_factory",
+    "I_suites_factory",
+    "IJ_suites_factory",
+    "IJK_suites_factory",
+]
+
+
+class Suite:
+    """
+    Define a benchmark suite for *Standard Definition*, *High Definition* and
+    *Ultra High Definition* resolution data.
+    """
+
+    def time_sd(self):
+        """
+        Execute underlying callable on *Standard Definition* resolution data.
+        """
+
+        if hasattr(self, "_data_sd"):
+            self._callable(self._data_sd)
+
+    def time_hd(self):
+        """
+        Execute underlying callable on *High Definition* resolution data.
+        """
+
+        if hasattr(self, "_data_hd"):
+            self._callable(self._data_hd)
+
+    def time_uhd(self):
+        """
+        Execute underlying callable on *Ultra High Definition* resolution data.
+        """
+
+        if hasattr(self, "_data_uhd"):
+            self._callable(self._data_uhd)
+
+
+def suites_factory(
+    callables: Sequence,
+    module: str = __name__,
+    data: Optional[Sequence[Callable]] = None,
+) -> List[Suite]:
+    """
+    Produce a benchmark suites for given callables.
+
+    Parameters
+    ----------
+    callables
+        Callables to produce benchmark suites for.
+    module
+        Module to set the benchmark suites into.
+    data
+        *Standard Definition*, *High Definition* and *Ultra High Definition*
+        resolution data
+
+    Returns
+    -------
+    :class:`list`
+        Benchmark suites
+    """
+
+    classes = []
+
+    for callable_ in callables:
+        class_ = type(callable_.__name__, (Suite,), {})
+
+        class_._callable = staticmethod(callable_)
+
+        class_._data_sd = data[0]
+        class_._data_hd = data[1]
+        class_._data_uhd = data[2]
+
+        classes.append(classes)
+
+        setattr(sys.modules[module], f"{callable_.__name__}_Suite", class_)
+
+    return classes
+
+
+np.random.seed(16)
+
+
+I_suites_factory = partial(
+    suites_factory,
+    data=(
+        np.random.random([720, 1280]),
+        np.random.random([1080, 1920]),
+        np.random.random([2160, 3840]),
+    ),
+)
+
+IJ_suites_factory = partial(
+    suites_factory,
+    data=(
+        np.random.random([720, 1280, 2]),
+        np.random.random([1080, 1920, 2]),
+        np.random.random([2160, 3840, 2]),
+    ),
+)
+
+IJK_suites_factory = partial(
+    suites_factory,
+    data=(
+        np.random.random([720, 1280, 3]),
+        np.random.random([1080, 1920, 3]),
+        np.random.random([2160, 3840, 3]),
+    ),
+)
diff --git a/pyproject.toml b/pyproject.toml
index 4eb3b429d6..842fb3eeab 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -49,6 +49,7 @@ numpy = ">= 1.19, < 2"
 scipy = ">= 1.5, < 2"
 typing-extensions = ">= 4, < 5"  # Convenience for Google Colab.
 
+asv = { version = "*", optional = true }
 matplotlib = { version = ">= 3.2, != 3.5.0, != 3.5.1", optional = true }
 networkx = { version = ">= 2, < 3", optional = true }
 pandas = { version = ">= 1, < 2", optional = true }
@@ -123,6 +124,7 @@ development = [
     "toml",
     "twine",
 ]
+benchmarks = [ "asv" ]
 graphviz = [ "pygraphviz" ]
 meshing = [ "trimesh" ]
 optional = [ "networkx", "pandas", "scikit-learn", "tqdm" ]
diff --git a/requirements.txt b/requirements.txt
index c798f36fa3..5b4cc9eee7 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -4,6 +4,7 @@ argon2-cffi==21.3.0
 argon2-cffi-bindings==21.2.0
 astor==0.8.1
 asttokens==2.0.5
+asv==0.5.1
 attrs==21.4.0
 Babel==2.9.1
 backcall==0.2.0
@@ -19,7 +20,6 @@ click==8.0.4
 colorama==0.4.4
 coverage==6.3.2
 coveralls==3.3.1
-cycler==0.11.0
 debugpy==1.5.1
 decorator==5.1.1
 defusedxml==0.7.1
@@ -27,64 +27,60 @@ distlib==0.3.4
 docopt==0.6.2
 docutils==0.17.1
 entrypoints==0.4
-executing==0.8.2
+executing==0.8.3
 filelock==3.6.0
 flake8==4.0.1
 flynt==0.76
-identify==2.4.11
+identify==2.4.12
 idna==3.3
-imageio==2.16.0
+imageio==2.16.1
 imagesize==1.3.0
-importlib-metadata==4.11.1
+importlib-metadata==4.11.3
 iniconfig==1.1.1
-invoke==1.6.0
-ipykernel==6.9.1
-ipython==8.1.0
+invoke==1.7.0
+ipykernel==6.9.2
+ipython==8.1.1
 ipython-genutils==0.2.0
-ipywidgets==7.6.5
+ipywidgets==7.7.0
 jedi==0.18.1
 Jinja2==3.0.3
-joblib==1.1.0
 jsonschema==4.4.0
 jupyter==1.0.0
 jupyter-client==7.1.2
-jupyter-console==6.4.0
+jupyter-console==6.4.3
 jupyter-core==4.9.2
 jupyterlab-pygments==0.1.2
-jupyterlab-widgets==1.0.2
+jupyterlab-widgets==1.1.0
 keyring==23.5.0
-kiwisolver==1.3.2
 latexcodec==2.0.1
-MarkupSafe==2.1.0
-matplotlib==3.4.3
+MarkupSafe==2.1.1
 matplotlib-inline==0.1.3
 mccabe==0.6.1
 mistune==0.8.4
-mypy==0.931
+mypy==0.941
 mypy-extensions==0.4.3
-nbclient==0.5.11
-nbconvert==6.4.2
-nbformat==5.1.3
+nbclient==0.5.13
+nbconvert==6.4.4
+nbformat==5.2.0
 nest-asyncio==1.5.4
-networkx==2.6.3
 nodeenv==1.6.0
-notebook==6.4.8
-numpy==1.22.2
+notebook==6.4.10
+numpy==1.22.3
 packaging==21.3
-pandas==1.4.1
 pandocfilters==1.5.0
 parso==0.8.3
 pathspec==0.9.0
 pexpect==4.8.0
 pickleshare==0.7.5
 Pillow==9.0.1
-pip==21.3.1
+pip==22.0.4
 pkginfo==1.8.2
 platformdirs==2.5.1
 pluggy==1.0.0
 pre-commit==2.17.0
 prometheus-client==0.13.1
 prompt-toolkit==3.0.28
+psutil==5.9.0
 ptyprocess==0.7.0
 pure-eval==0.2.2
 py==1.11.0
@@ -96,27 +92,25 @@ pydata-sphinx-theme==0.8.0
 pydocstyle==6.1.1
 pyflakes==2.4.0
 Pygments==2.11.2
-pygraphviz==1.9
 pyparsing==3.0.7
 pyrsistent==0.18.1
-pytest==7.0.1
+pytest==7.1.1
 pytest-cov==3.0.0
 python-dateutil==2.8.2
-pytz==2021.3
-pyupgrade==2.31.0
+pytz==2022.1
+pyupgrade==2.31.1
 PyYAML==6.0
 pyzmq==22.3.0
 qtconsole==5.2.2
 QtPy==2.0.1
-readme-renderer==32.0
+readme-renderer==34.0
 requests==2.27.1
 requests-toolbelt==0.9.1
 restructuredtext-lint==1.4.0
 rfc3986==2.0.0
-scikit-learn==1.0.2
 scipy==1.8.0
 Send2Trash==1.8.0
-setuptools==60.5.0
+setuptools==60.9.3
 six==1.16.0
 snowballstemmer==2.2.0
 soupsieve==2.3.1
@@ -129,23 +123,20 @@ sphinxcontrib-jsmath==1.0.1
 sphinxcontrib-qthelp==1.0.3
 sphinxcontrib-serializinghtml==1.1.5
 stack-data==0.2.0
-terminado==0.13.1
+terminado==0.13.3
 testpath==0.6.0
-threadpoolctl==3.1.0
 tokenize-rt==4.2.1
 toml==0.10.2
 tomli==2.0.1
 tornado==6.1
-tqdm==4.62.3
+tqdm==4.63.0
 traitlets==5.1.1
-trimesh==3.10.2
 twine==3.8.0
-types-setuptools==57.4.9
 typing_extensions==4.1.1
-urllib3==1.26.8
-virtualenv==20.13.2
+urllib3==1.26.9
+virtualenv==20.13.4
 wcwidth==0.2.5
 webencodings==0.5.1
 wheel==0.37.1
-widgetsnbextension==3.5.2
+widgetsnbextension==3.6.0
 zipp==3.7.0
diff --git a/tasks.py b/tasks.py
index 873f92db3b..c46ad74ac3 100644
--- a/tasks.py
+++ b/tasks.py
@@ -33,6 +33,7 @@
     "clean",
     "formatting",
     "quality",
+    "benchmarks",
     "precommit",
     "tests",
     "examples",
@@ -217,6 +218,21 @@ def quality(
         ctx.run("rst-lint README.rst")
 
 
+@task
+def benchmarks(ctx: Context):
+    """
+    Run the *Airspeed Velocity* benchmarks.
+
+    Parameters
+    ----------
+    ctx
+        Context.
+    """
+
+    message_box('Running "Airspeed Velocity" benchmarks...')
+    ctx.run("asv run")
+
+
 @task
 def precommit(ctx: Context):
     """