Personal luxury value sales (at constant 2024 prices) are expected to grow steadily over the forecast period, although they will likely remain below pre-pandemic levels by 2029. Aspirational spending is expected to increase despite economic uncertainty heading into 2025, while affluent consumers (those who tend to be able to afford personal luxury), are not as impacted by financial constraints.
For many consumers, the health and wellness trend, including improved emotional balance, has moved further into focus and into their decision-making when purchasing personal luxury. Products to enhance wellbeing, and health and fitness, including luxury wearable electronics, will benefit, with the latter expected to be a particularly strong performer over the forecast period.
Specialist retailers are often the first destination for consumers of personal luxury, especially for inbound tourists, as the in-store experience is still often preferred to online shopping. This is particularly the case for luxury items such as handbags, wallets, jewellery, and watches, where the in-person shopping experience adds significant value to the purchase.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Germany 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 Germany, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Personal Luxury
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 definitionsThis report originates from Passport, our Personal Luxury research and analysis database.
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