PROSPECTS AND OPPORTUNITIES
Luxury leather goods and timepieces support value growth over the forecast period
Sales of personal luxury look set to increase at a current value CAGR of 4% (2024 constant value CAGR of 3%) over the forecast period, reaching TWD360 billion in 2029. Premium and luxury brands are poised to benefit from Taiwan's sizable and growing base of high-income earners, many of whom are employed in the thriving tech sector.
Technological advancements supports value sales on the personal luxury landscape
Exploring augmented and smart technology will be increasingly embraced by luxury brands, supporting sales across the forecast period. For example, writing instruments will integrate augmented reality (AR) technology to offer interactive and immersive writing experiences.
The rise in sustainable and ethical manufacturing across luxury brands
Across the forecast period, sustainability and ethical credentials will remain central to brand strategies and product launches. Consumers will be placing greater emphasis on sustainable and ethical manufacturing practices, with brands offering eco-friendly materials, reducing their carbon footprints, and committing to fair trade and ethical sourcing.
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Overview:
Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Taiwan 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 Taiwan, 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 Taiwan 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 Taiwan?
- Which are the leading brands in Personal Luxury in Taiwan?
- How are products distributed in Personal Luxury in Taiwan?
- How important is tourism in evaluating demand for Personal Luxury in Taiwan?
- 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 Taiwan - Category analysis
KEY DATA FINDINGS
The quality-over-quantity approach benefits sales of designer apparel and footwear (ready-to-wear)
Technological features and augmented reality support sales of luxury eyewear
Luxury jewellery sales supported by events hosted in Taiwan, attracting prestigious clients
Luxury leather goods allow consumers to customise purchases to provide a unique product
Luxury wearables focus on advanced technology and personalisation to boost sales
Luxury timepieces offer high-end luxury and craftsmanship to retain ongoing appeal
Consumers personalise luxury writing instruments and stationery for a unique touch
Fashion houses expand into super premium beauty and personal care
Luxury leather goods and timepieces support value growth over the forecast period
Technological advancements supports value sales on the personal luxury landscape
The rise in sustainable and ethical manufacturing across luxury brands
Luxury Goods in Taiwan - 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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