Personal luxury is projected to see a 1% CAGR at constant 2023 prices during the forecast period to amount to ZAR11.2 billion by 2028.
Designer apparel and footwear (ready-to-wear) will remain the largest category, but value sales are expected to stagnate (at constant 2023 prices) remaining at ZAR3.3 billion.
Luxury wearables electronics is set to be the most dynamic category within personal luxury over the forecast period, with sales predicted to increase at an 18% CAGR at constant 2023 prices. Innovation will likely continue to play a key role in driving demand within this category, with the leading players likely to introduce new models and to make fast-paced technological advances in order to encourage upgrades.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in South Africa 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 South Africa, 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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