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Learn moreJan 2021
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Results for luxury portable consumer electronics will be impacted by negative effects for luxury mobile phones, which are expected to decline in 2020, and for most of the forecast period. Despite recording a decline in growth, luxury wearables is set to be less impacted by the outbreak of COVID-19, as people with high incomes continued to invest in the products.
Due to the lockdown in Italy, a significant shift in sales through e-commerce has been observed for luxury portable consumer electronics, while offline store traffic has dramatically decreased. This is due to store closures during the lockdown period, with only essential stores such as grocery retailers and pharmacies remaining open.
Travellers from the Asia-Pacific regions, especially mainland Chinese tourists, one of the biggest consumer groups to visit Italy, have been experiencing a sharp drop in 2020, due to COVID-19 travel bans and restrictions. As such, it is expected that the international expenditure on luxury portable consumer electronics will be reduced significantly in 2020, and sales on the landscape will need to solely rely on domestic expenditure.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Portable Consumer Electronics industry in Italy with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Luxury Portable Consumer Electronics industry in Italy, our research will save you time and money while empowering you to make informed, profitable decisions.
The Luxury Portable Consumer Electronics in Italy market research report includes:
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.