Personal luxury is expected to see at a CAGR of 4% in retail current value terms (2% 2023 constant value CAGR) over the forecast period to reach EUR8.3 billion in 2028.
Designer apparel and footwear (ready-to-wear) is set to remain the main category, with retail current value sales worth EUR3.2 billion in 2028, following a CAGR of 4% (2% 2023 constant value CAGR).
Luxury leather goods is expected to see the highest retail current value CAGR of 8% (6% 2023 constant value CAGR) over the forecast period. Demand growth is set to be sustained through innovation, as the leading branded players focus on the introduction of new models and rapid technological advances to persuade consumers to buy the latest upgrades.
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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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