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Country Report

Luxury Portable Consumer Electronics in

Luxury Portable Consumer Electronics in the US

Jan 2021

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Growing price-sensitivity negatively impacts sales of luxury portable consumer electronics

Since the outbreak of COVID-19, the response to control the spread was significantly less stringent than other countries. While the peak of the virus was spreading globally, lockdown restrictions were taking place in the US at a local level, and controls were put in place on international travel.

Luxury mobile phones remain negligible as consumers prefer functionality over design

Luxury mobile phones still proved to be negligible in 2020. Only a few brands are available, such as Belperre, made for customised order, and Gresso, which offers both feature phones and smartphones and a portfolio of strong and durable cases, as well as luxury goods.

Despite recording a value decline, sales are favourable for some luxury players

Luxury wearables is expected to record a value decline in 2020, with price-sensitivity and some consumers reluctancy to socialise in public, impacting sales. However, some luxury brands continued to see positive sales, with offerings from those with lower price-points, such as Michael Kors, to higher price points such as Tag Heuer, performing well.

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Overview

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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.

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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 USA 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 USA, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Portable Consumer Electronics in USA market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Portable Consumer Electronics in USA?
What are the major brands in USA?
How dynamic is the growth of Luxury Portable Consumer Electronics internet sales?
What is driving growth?

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 function

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Luxury Portable Consumer Electronics in the US - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Growing price-sensitivity negatively impacts sales of luxury portable consumer electronics

Luxury mobile phones remain negligible as consumers prefer functionality over design

Despite recording a value decline, sales are favourable for some luxury players

RECOVERY AND OPPORTUNITIES

Stores focus on safety and personalisation to entice consumers through the doors

Players respond to the rise of e-commerce sales by creating appealing online platforms

Fitness wearables to perform well, while those with a timepiece look, benefit from the return of social gatherings

CATEGORY DATA

Table 1 Sales of Luxury Portable Consumer Electronics by Category: Value 2015-2020
Table 2 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2015-2020
Table 3 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2015-2019
Table 4 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2016-2019
Table 5 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2015-2020
Table 6 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2020-2025
Table 7 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2020-2025

Luxury Goods in the US - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Luxury Portable Consumer Electronics in the US

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Growing price-sensitivity negatively impacts sales of luxury portable consumer electronics

Luxury mobile phones remain negligible as consumers prefer functionality over design

Despite recording a value decline, sales are favourable for some luxury players

Overview

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Samples (FAQs about samples):

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Table of Contents

Luxury Portable Consumer Electronics in the US - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Growing price-sensitivity negatively impacts sales of luxury portable consumer electronics

Luxury mobile phones remain negligible as consumers prefer functionality over design

Despite recording a value decline, sales are favourable for some luxury players

RECOVERY AND OPPORTUNITIES

Stores focus on safety and personalisation to entice consumers through the doors

Players respond to the rise of e-commerce sales by creating appealing online platforms

Fitness wearables to perform well, while those with a timepiece look, benefit from the return of social gatherings

CATEGORY DATA

Luxury Goods in the US - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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