Over the forecast period, luxury timepieces is expected to return to growth, with overall demand set to fully recover to pre-pandemic levels by 2026/2027. As physical stores are now fully operational, it is likely that avid collectors will return to purchasing luxury timepieces, particularly when leading brands launch new collections that they postponed during the pandemic.
Players are intensifying already ongoing conversations around sustainable luxury practices. At the same time, younger consumer groups such as millennials and Generation Z have shown active support for the circular economy, by purchasing second-hand luxury items or selling pre-owned luxury goods online through popular online platforms such as Reebonz, where the likes of Hermès Birkin bags, Chanel and Louis Vuitton have all found a market.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Singapore 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 Personal Luxury industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.See All of Our Definitions
This report originates from Passport, our Personal Luxury research and analysis database.
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