Personal luxury is set to record moderate value growth at constant 2024 prices over the forecast period. Being the youngest and most innovative product category, luxury wearable electronics is also expected to be the most dynamic category over the forecast period.
The retail landscape for personal luxury is expected to change in line with evolving consumer preferences. New technologies will likely be used to enhance the consumer shopping experience and to support them in finding the correct and desired products.
While the growing focus on sustainability and waste reduction is expected to have a limiting effect on the future growth potential of personal luxury, it will also open the market up for growth potential with more consumers buying fewer items but of a higher quality. At the same time, more innovative retailing formats such as the integration of the Sotheby’s luxury auction house for used luxury goods within Bucherer’s flagship store are expected to emerge over the forecast period, creating new and different sales opportunities.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Switzerland 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 Switzerland, 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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