Sales of personal luxury look set to increase at a CAGR of 21% in current value terms (4% constant value CAGR) during the forecast period, to reach TRY92.4 billion.
Designer apparel and footwear (ready-to-wear) will continue to be the biggest subcategory, with sales worth TRY55 billion in 2028 and rising at a CAGR of 19% in current value terms (2% 2023 constant value terms). In terms of retail volume sales, however, super premium beauty and personal care will be the largest subcategory, with sales of two million units in 2028, representing a rise at a CAGR of 5% on 2023.
Luxury wearables electronics will be the best performing subcategory over 2023-2028, with sales increasing at a current value CAGR of 36% (17% 2023 constant value CAGR). Innovation will continue to be a key driver of demand, as the leading companies will launch model updates, and 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 Turkey 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 Turkey, 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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