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 moreAug 2020
US$1,210Added 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!
In 2020, due to the impact of lockdowns, retail closures and travel restrictions implemented to slow the COVID-19 outbreak, personal accessories will see declining value sales in all the main categories at constant 2020 prices. As the crisis took hold in the UK, consumers were seeing their disposable income impacted and were shifting their shopping priorities to focus on more essential items.
On 16 March, large gatherings in the UK were banned, people were required to cease all unnecessary travel and to work from home where possible. On 17 March, travel restrictions were introduced, with the Foreign & Commonwealth Office advising UK nationals against all but essential international travel.
With foreign expenditure representing 25% of luxury goods sales in 2019, travel restrictions due to COVID-19 have taken their toll on the luxury segment in the short term. Moreover, most luxury purchases remain store-based and store closures have therefore had a more pronounced effect on personal accessories from the luxury end of the market than from those bought from brands and retailers on the high street, many of which have ecommerce platforms.
The former high-street giants continue to lose share in the UK as emerging consumer behaviour transforms the retail environment. E-commerce has been growing at the expense of more traditional distribution channels, even for bags and luggage and fine jewellery, which are generally still purchased in traditional bricks-and-mortar specialist stores and department stores.
The COVID-19 outbreak has been resulting in pronounced declines in jewellery and watches in 2020, although both categories will recover from 2021, with stronger growth expected in the luxury end. Jewellery continues to be dominated by fine jewellery, although the demi-fine segment will continue to gain momentum as more consumers seeking premiumisation choose to invest in higher-quality, accessibly-priced items.
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 Personal Accessories 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 Personal Accessories industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in United Kingdom for free:
The Personal Accessories in United Kingdom market research report includes:
Our market research reports answer questions such as:
Why buy this report?
This industry report originates from Passport, our personal goods market research database.
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.