The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreJan 2021
US$990Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
Luxury portable consumer electronics is a niche category within luxury goods in Singapore, which had been experiencing mixed results over the review period prior to the pandemic; these products had continued to compete with mass brands which offered increasingly innovative technology at more affordable prices. Luxury wearables dominates overall in both retail volume and value sales and had experienced an upturn in demand in 2019, benefiting from rising health and wellness trends and increasing interest in athleisure whilst being driven by the desire to display one’s social status with high-end smart watches.
The emergence of the pandemic only served to exacerbate an already declining trend experienced by luxury mobile phones in Singapore, with waning demand for this category driven by strong competition from mainstream alternative smartphones which have continued to develop their technology at more affordable price points. Moreover, the category had already seen the exit of former dominant leader Vertu in 2017, due to lack of interest, making it difficult to sustain commercial value, particularly as consumers could no longer justify the higher prices as these products were no longer perceived to offer a similar social status symbol compared to luxury timepieces, for instance.
Following Vertu’s exit from luxury portable consumer electronics in Singapore, Hermès International SCA consolidated its leading position of the category pre-pandemic, due to its affiliation with Apple, where it offers the Apple Hermès iWatch brand. Porsche Design GmbH on the other hand, had continued to suffer from value share decline in 2019.
Files are delivered directly into your account within a few minutes of purchase.
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.
Delivery
Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Portable Consumer Electronics industry in Singapore 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 Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.
The Luxury Portable Consumer Electronics in Singapore market research report includes:
Our market research reports answer questions such as:
Why buy this report?
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.