PROSPECTS AND OPPORTUNITIES
Luxury timepieces and wearables drive ongoing growth on the landscape
Across the forecast period, retail sales of personal luxury are expected to increase at a CAGR of 8% in current value terms (5% constant 2024 value CAGR) over the forecast period to reach RON5.3 billion in 2029.
E-commerce sales rise as players invest in technology that support personalised experiences
E-commerce will continue growing as an important personal luxury distribution channel across the forecast period. During the outbreak of COVID-19, many luxury brands expanded their online capabilities, offering consumers augmented reality to digitally try on clothing, glasses and colour cosmetics before committing to purchases.
Luxury players focus on sustainability to align with consumers' rising concerns
Across the forecast period, consumers are set to become increasingly knowledgeable about ingredients, materials and sourcing, with many demanding higher-quality products that align with eco-conscious concerns. Consequently, sustainability is set to be a key and growing theme across the forecast period, leading to the rising use of natural ingredients and lower-impact materials.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Romania 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 Romania, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Personal Luxury in Romania report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Personal Luxury in Romania?
- Which are the leading brands in Personal Luxury in Romania?
- How are products distributed in Personal Luxury in Romania?
- How important is tourism in evaluating demand for Personal Luxury in Romania?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Personal Luxury in Romania - Category analysis
KEY DATA FINDINGS
Designer apparel and footwear players benefit from the move away from fast fashion
Luxury eyewear benefits from being on-trend, driving positive retail value growth
Sentimental pieces drive ongoing growth on the luxury jewellery landscape
Demand for sustainable options is rising in luxury leather goods
Luxury wearables offer elegant designs blended with advanced technology
Positive growth as consumers consider luxury timepieces to be investments
Sales of luxury writing instruments and stationery are supported by customisation
Fashion brands continue to launch on the super-premium beauty and personal care landscape
Luxury timepieces and wearables drive ongoing growth on the landscape
E-commerce sales rise as players invest in technology that support personalised experiences
Luxury players focus on sustainability to align with consumers' rising concerns
Luxury Goods in Romania - Industry Overview
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
DISCLAIMER
The following categories and subcategories are included:
Personal Luxury
-
-
- Men's Designer Apparel
- Women's Designer Apparel
- Designer Childrenswear
- Designer Clothing Accessories and Hosiery
-
- Children's Designer Footwear
- Men's Designer Footwear
- Women's Designer Footwear
-
-
- Luxury Spectacle Frames
-
- Men's Luxury Sun Glasses
- Women's Luxury Sun Glasses
-
- Luxury Costume Jewellery
-
- Men's Luxury Fine Jewellery
- Women's Luxury Fine Jewellery
-
-
- Men's Luxury Bags and Small Leather Goods
- Women's Luxury Bags and Small Leather Goods
- Luxury Travel Goods
-
- Luxury Wearables Electronics
-
- Men's Luxury Timepieces
- Women's Luxury Timepieces
- Luxury Writing Instruments and Stationery
-
- Super Premium Colour Cosmetics
- Super Premium Fragrances
- Super Premium Skin Care
- Other Super Premium Beauty and Personal Care
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Personal Luxury research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!