Luxury Portable Consumer Electronics

Luxury goods was among the industries hardest hit by the Coronavirus (COVID-19) pandemic with sales damaged by temporary store closures, travel bans and weakened consumer spending. In addition, the pandemic also accelerated a channel shift to ...

After many years of double-digit retail volume and current value growth, in 2020 luxury portable consumer electronics has turned to decline. With the emergence of COVID-19 in the country in the first half of the year, the government implemented a ...

Malaysian luxury retailing was hit hard by the COVID-19 pandemic in the first half of 2020, with many believing it will take at least six months after the Movement Control Order (MCO) (which ended in May) to recover. Around one fifth of the demand ...

Luxury wearables is the major category of luxury portable consumer electronics, as most luxury mobile brands have retreated from the South Korean market. The luxury wearables category, despite the adverse impact arising from the pandemic, is ...

Australia’s response to the pandemic has been less stringent relative to many other countries around the globe, first implemented at the end of March 2020. However, the duration of the measures used to curtail the outbreak of COVID-19 was extended ...

Luxury portable consumer electronics remains the smallest category, in terms of value sales, among all luxury goods in Canada, and is comprised solely of luxury wearables from brands such as Apple Hermès iWatch. Products among smart wearables ...

Luxury wearables is a category that is particularly heavily reliant on tourist spending. As a result, it was severely affected by the closure of borders aimed at limiting the spread of COVID-19 for much of 2020. However, demand from local consumers ...

Very few changes were detected in sales of luxury portable consumer electrics during 2020 and this is a reflection of the tiny size of the category, which remains an insignificant area of luxury goods in Indonesia. After the departure of Vertu from ...

In 2019 and the beginning of 2020, the market of luxury mobile phones remained negligible, as Swedish consumers seemed reticent to purchase luxury items. After COVID-19 hit the country, consumers started to cut their expenses on discretionary items ...

Sales of luxury portable consumer electronics are set to be hit hard by the closure of non-essential retail outlets between March and May. This immediately cut footfall and transactions, but even the reopening of physical outlets has not ...

The enforced closure of non-grocery specialists during the lockdown periods, particularly in the Metro Manila area, had a severe impact on sales of luxury portable consumer electronics in 2020, with the strict requirements for social distancing even ...

Although the lockdown in Japan was relatively soft by global standards in 2020, most consumers nevertheless chose to spend the majority of their time at home, which drove down retail sales of luxury portable electronics. Moreover, the postponement of...

Luxury portable consumer electronics had a negligible demand pre-pandemic, and the advent of COVID-19 neither notably boosted nor suppressed sales, as they were too low to measure. ...

Across the review period, the luxury wearables market was driving sales in luxury portable consumer electronics in Germany, with luxury mobile phones losing share since 2017. However, due to the outbreak of COVID-19 in 2020, luxury wearables will ...

In the beginning of 2020, luxury portable consumer electronics continued to benefit from a high level of international tourism. Wealthy tourists, especially those from China, are a key consumer base for products in luxury portable consumer ...

Luxury portable consumer electronics will see slowed growth in terms of current value sales in 2020 overall. Although the Taiwanese government was able to avoid lockdown and contained the spread of the virus rapidly, consumer confidence has still ...

Current value and retail volume sales of luxury portable consumer electronics are negligible in Poland and are not expected to grow significantly over the forecast period. The largest product area is luxury mobile phones and there are some brands ...

Luxury portable consumer electronics is driven by luxury wearables in the Netherlands. The luxury mobile phones category was negligible after 2017 as sales consisted mostly of Vertu sales, which disappeared from the market in 2018. Associated with ...

Following double-digit value growth in 2019, sales of luxury portable consumer electronics were hit hard by the spread of the COVID-19 pandemic in 2020. Despite this, Turkey was expected to record a less severe decline in sales compared to other ...

Following the implementation of stringent COVID-19 national lockdowns in France and Italy in 2020, Spain also entered a national lockdown in order to curb the spread of COVID-19 in the country from the middle of March 2020. In the earlier months of ...