Consumer and shopping behaviour is set to normalise more over the forecast period, with consumers spending more time out-of-home with a return to luxury store-based purchases. Nevertheless, some changes in focus will be noticeable, with consumers paying more attention to health, fitness, wellbeing and the environment in their choice of products.
An increase in tourism, as well as consumers feeling more ready and willing to shop in stores, will improve foot traffic and store-based sales for personal luxury goods across the forecast period. Nevertheless, for many products, including luxury wearables, designer apparel and footwear, and even jewellery, the continuously evolving technology of e-commerce and online, puts pressure on in-store sales.
Personal luxury is set to remain dominated by renowned powerhouse brands with a long history of producing luxury goods. These brands tend to have a loyal and trusting customer base, including players such as Rolex, Richemont, LVMH, Kering and Hermès.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Switzerland 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 Switzerland, 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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