There will be no more than moderate growth in retail constant value sales of personal luxury during the forecast period. Even at the very end of the forecast period, retail constant value sales will remain below their pre-pandemic (2019) peak.
The market for ‘pre-loved’ (used) personal luxury will continue to gather steam during the forecast period, which will have a negative effect on demand for new personal luxury. General goods marketplaces like the Wallapop and Milanuncios smartphone apps are very popular for buying and selling these products, while Vestiaire Collective and Vinted are often used to sell apparel, footwear and accessories.
While personal luxury brands are increasingly focused on the younger generation, they should not forget about their parents and even their grandparents. With a fertility rate that is low even by Western European standards coupled with long (and rising) life expectancy, Spanish society is steadily ageing, with the median age set to increase from 45 years to 47 years between 2022 and 2027.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Spain 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 Spain, 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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