Sales of personal luxury look set to increase at a current value CAGR of 4% (2024 constant value CAGR of 3%) over the forecast period, reaching TWD360 billion in 2029. Premium and luxury brands are poised to benefit from Taiwan's sizable and growing base of high-income earners, many of whom are employed in the thriving tech sector.
Exploring augmented and smart technology will be increasingly embraced by luxury brands, supporting sales across the forecast period. For example, writing instruments will integrate augmented reality (AR) technology to offer interactive and immersive writing experiences.
Across the forecast period, sustainability and ethical credentials will remain central to brand strategies and product launches. Consumers will be placing greater emphasis on sustainable and ethical manufacturing practices, with brands offering eco-friendly materials, reducing their carbon footprints, and committing to fair trade and ethical sourcing.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Taiwan 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 Taiwan, 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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