Sales of luxury portable consumer electronics remained marginal in Thailand the end of 2020. Although there is a potential local consumer base for luxury goods in general, the fact is that very few Thai people are interested in luxury consumer electronics.
Since the departure of Vertu in 2017, there have been no brands offering official sales of luxury portable consumer electronics in Thailand. Despite the brand having returned to China and Vietnam in 2018, Vertu still has no official distribution in Thailand.
As mentioned above, some of the most important names in luxury portable consumer electronics have identified Thailand as a potential new sales territory during the forecast period. As the Thai economy bounces back from the COVID-19 pandemic, conspicuous consumption is expected to return with a vengeance among the country’s high net worth individuals and very affluent elites and this is likely to underpin rising demand for luxury portable consumer electronics.
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Understand the latest market trends and future growth opportunities for the Luxury Portable Consumer Electronics industry in Thailand 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 Luxury Portable Consumer Electronics industry in Thailand, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Luxury Portable Consumer Electronics research and analysis database.
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