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Learn moreJan 2021
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Relative to other European nations, the UK’s lockdowns were less stringent, first implemented on March 14, 2020. As of July 2020, the UK ranked within the top nine countries with the most confirmed cases of COVID-19.
Prior to the pandemic, the luxury portable consumer electronic industry was forecast to contract in 2020, largely due to the rapidly declining luxury mobile phone market. This has been further accelerated by the pandemic, with retail closures, financial hardships, and selective purchases within luxury goods leading to a decline in overall sales.
International consumers and expenditure largely drive the luxury portable electronic performance in the UK. While this accounted for approximately three-quarters of the UK market in 2019, this has been pulled much closer to half in 2020, as travel and tourism has been declining in the wake of the pandemic.
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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 United Kingdom 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 United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.
The Luxury Portable Consumer Electronics in United Kingdom 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.