Sales of personal luxury look set to rise at a CAGR of 6% in current value terms (2024 constant value CAGR of 3%) over the forecast period, to total HKD147.4 billion.
Luxury timepieces will continue to be the largest subcategory, with sales worth HKD50.1 billion in 2029 having risen at a CAGR of 4% in current value terms (2% in 2024 constant value terms).
Luxury leather goods is expected to be the best performing personal luxury subcategory over 2024-2029, with sales rising at a current value CAGR of 8% (5% 2024 constant value CAGR). Luxury bags and luggage cater for the discerning tastes and preferences of affluent consumers who seek exclusivity, craftsmanship, and prestige.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Hong Kong, 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 Hong Kong, 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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