Over the forecast period, the personal luxury landscape in the UK will continue to be characterised by a strong emphasis on sustainability, technological innovation, and strategic marketing shifts to better connect with a diverse consumer base. Brand visibility will continue to be leveraged with strategic marketing partnerships, either through influencers, celebrities, or sports stars, throughout the forecast period.
Driven by consumers increasingly demanding greater transparency across the value chain amongst FMCGs in general, this trend is strongly emerging in personal luxury. Working conditions and the treatment of factory employees across the value chain, but especially in factories owned and operated by large luxury houses that continue to face scrutiny and calls for greater transparency, will continue to be demanded.
The shift towards e-commerce has stabilised following the huge shift towards this channel during the pandemic; however, despite this stabilisation, e-commerce continues to be an essential distribution channel for younger luxury buyers, with luxury brands enhancing their online platforms in response. Virtual try-on technologies, AR experiences, and personalised shopping experiences are becoming standardised practices, and this trend is expected to continue.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in United Kingdom 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 United Kingdom, 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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