PROSPECTS AND OPPORTUNITIES
Sustainability to help shape future development of personal luxury
By 2030, the value of personal luxury is set to reach SGD7.8 billion, with a current value CAGR of 4% (2025 constant value CAGR of 2%).
Luxury brands to drive growth through digital innovation
The solid growth predicted for personal luxury in Singapore will be driven by key players' strategic focus on enhancing experiential engagement and digital innovation. Brands will increasingly invest in immersive online experiences, leveraging augmented reality (AR) and artificial intelligence (AI) to facilitate virtual try-ons and bespoke product configurations.
Personal luxury retailers must adopt omnichannel strategies to drive sales
The luxury retail landscape for personal luxury goods in Singapore is poised for sustained growth over the forecast period, driven by a combination of rising local wealth and increasing international travel. Shifts in international tourism and travel regulations shaped consumer demand for personal luxury towards the end of the review period in Singapore.
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Overview:
Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Singapore 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 Singapore, 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 Singapore 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 Singapore?
- Which are the leading brands in Personal Luxury in Singapore?
- How are products distributed in Personal Luxury in Singapore?
- How important is tourism in evaluating demand for Personal Luxury in Singapore?
- 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 Singapore - Category analysis
KEY DATA FINDINGS
Designer apparel and footwear (ready-to-wear)
Luxury eyewear
Luxury jewellery
Luxury leather goods
Luxury wearables electronics
Luxury timepieces
Luxury writing instruments and stationery
Super premium beauty and personal care
Sustainability to help shape future development of personal luxury
Luxury brands to drive growth through digital innovation
Personal luxury retailers must adopt omnichannel strategies to drive sales
Luxury Goods in Singapore - Industry Overview
Luxury goods in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for luxury goods?
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Personal Luxury
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- Men's Designer Apparel
- Women's Designer Apparel
- Designer Childrenswear
- Designer Clothing Accessories and Hosiery
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- Children's Designer Footwear
- Men's Designer Footwear
- Women's Designer Footwear
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- Luxury Spectacle Frames
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- Men's Luxury Sun Glasses
- Women's Luxury Sun Glasses
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- Luxury Costume Jewellery
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- Men's Luxury Fine Jewellery
- Women's Luxury Fine Jewellery
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- Men's Luxury Bags and Small Leather Goods
- Women's Luxury Bags and Small Leather Goods
- Luxury Travel Goods
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- Luxury Wearables Electronics
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- Men's Luxury Timepieces
- Women's Luxury Timepieces
- Luxury Writing Instruments and Stationery
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- 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.
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