PROSPECTS AND OPPORTUNITIES
Erosion of local spending, and rising importance of spending by tourists
After the expectation of minimal retail current value growth for personal luxury in Spain in 2024, the category is set to see just slightly stronger growth rates throughout the forecast period, with consumers continuing to be drawn to exclusive products, as they feel they show off their individuality and status. However, much as was seen over the review period, economic factors are expected to impact the performance of the category moving forward.
Sustainability likely to become an increasing priority, and influence personal luxury
Sustainability is an increasing focus amongst Spanish consumers, as awareness grows of the impact of individual consumption on the environment. However, sustainable products often carry higher price points, due to the higher costs of producing such products across the value chain.
Personal luxury faces challenges to growth moving forward
During the middle of the review period, personal luxury brands recorded strong performances due to the fair economic situation and the social status attached to their acquisition. However, the popularity of these brands is being dragged down by two factors, which are expected to continue to impact sales in the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Spain 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 Spain, 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 Spain 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 Spain?
- Which are the leading brands in Personal Luxury in Spain?
- How are products distributed in Personal Luxury in Spain?
- How important is tourism in evaluating demand for Personal Luxury in Spain?
- 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 Spain - Category analysis
KEY DATA FINDINGS
Designer apparel and footwear (ready-to-wear)
Luxury eyewear
Luxury jewellery
Luxury leather goods
Luxury wearables
Luxury timepieces
Luxury writing instruments and stationery
Super premium beauty and personal care
Erosion of local spending, and rising importance of spending by tourists
Sustainability likely to become an increasing priority, and influence personal luxury
Personal luxury faces challenges to growth moving forward
Luxury Goods in Spain - 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
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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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