Personal luxury looks set to rise at a CAGR of 13% in current value terms (10% constant value CAGR) during the forecast period, to reach CNY757.97 billion.
The share of retail e-commerce in luxury goods in China will continue to steadily increase, with the pace of growth anticipated to accelerate during the forecast period. Technology plays an increasingly pivotal role in development, with live shopping and interest-based e-commerce channels enabling consumers to make quick purchasing decisions.
Luxury jewellery is expected to be the best-performing subcategory over 2024-2029, with sales increasing at a current value CAGR of 16% (14% 2024 constant value CAGR). Innovation will continue to be a key driver of demand as leading companies will launch model updates and make rapid technological advances to persuade consumers to buy the latest upgrades.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in China 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 Personal Luxury industry in China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Personal Luxury
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.
See All of Our DefinitionsThis report originates from Passport, our Personal Luxury research and analysis database.
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