Category: Luxury Goods
Switzerland Luxury Goods
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Experiential Luxury in Switzerland
... improvement in the Swiss economy. Nevertheless, the war in Ukraine and ongoing global financial turmoil has continued to limit the growth potential for experiential luxury with fewer tourists visiting luxury hotels than before the pandemic. ... Read More
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Premium and Luxury Cars in Switzerland
... energy and fuel efficient cars that offer a higher level of comfort and safety keeps growing while overall spending has become more conservative. With the strain on the economy over the review period, including high ... Read More
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Luxury Goods in Switzerland
... of luxury goods has reflected this trend in 2024 with limited growth in most categories, although experiential luxury has been the standout performer as consumers have shown a growing willingness to spend on experiences over ... Read More
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Personal Luxury in Switzerland
... in unit prices. Although the Swiss economy started to show signs of recovery in 2024 with inflation stabilising and disposable incomes rising again, many Swiss consumers remained selective with their spending. This led to consumers ... Read More
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Experiential Luxury in Switzerland
... the pandemic prevented people from travelling. Euromonitor International's Experiential Luxury in Switzerland report offers a comprehensive guide to the size and shape of the Experiential Luxury market at a national level. It provides the latest ... Read More
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Personal Luxury in Switzerland
... growth was fuelled by investment in luxury goods such as luxury timepieces and designer apparel and footwear (ready-to-wear) as an alternative asset class. Moreover, the idea that many items like these can be used to ... Read More
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Luxury Goods in Switzerland
... a stable financial centre. The instability within the Swiss financial sector has undoubtedly impacted domestic spending in the luxury market. Still, it may also prove to be a liability when reviewing opportunities for growth relied ... Read More
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Premium and Luxury Cars in Switzerland
... and sales are reliant on high consumer confidence amongst a niche consumer demographic. Premium and luxury cars often provide exceptional comfort, aimed at owners looking for a higher level of performance and handling or a ... Read More
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Personal Luxury in Switzerland
... the review period. However, shopping patterns and tourism are not expected to return to pre-COVID-19 behaviour until 2023, with some consumers unwilling to shop around, while many countries do not allow free travel without restrictions ... Read More
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Experiential Luxury in Switzerland
... the outbreak of COVID-19, with tourism continuing to recover, with particular growth seen from European tourists. The implementation of a vaccination programme and the softening of government restrictions has allowed Swiss consumers and foreigners to ... Read More
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Premium and Luxury Cars in Switzerland
... own financial security. Consumers that held back on investments and larger purchases during the outbreak of the COVID-19 pandemic, were finally ready to commit to luxury purchases, such as premium cars. Euromonitor International's Premium and ... Read More
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Luxury Goods in Switzerland
... growth seen that year following the outbreak of COVID-19. In 2022, figures are set to be higher than the average seen across the review period. Euromonitor International's Luxury Goods in Switzerland report offers a comprehensive ... Read More
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Experiential Luxury in Switzerland
... business destination. The bans on travel put in place by the Swiss government negatively affected sales in 2020, but this was only part of the story, as most other countries also enacted restrictions on cross-border ... Read More
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Premium and Luxury Cars in Switzerland
... consumers also reluctant to return even after reopening due to fear of infection. Consumers also held back on purchases due to a lack of clarity about the situation and economic uncertainty. In addition, the shutdown ... Read More
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Luxury Jewellery in Switzerland
... closure of non-essential retail outlets was also significant. E-commerce was unable to make up the shortfall, as luxury jewellery is not really suited to this channel. In addition, restrictions on social events reduced the number ... Read More
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Personal Luxury in Switzerland
... the experiential pleasure of visiting a store is a key part of the purchase. Although sales via e-commerce increased, this was not sufficient to offset the in-store decline. In addition, the pandemic led to some ... Read More
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Luxury Portable Consumer Electronics in Switzerland
... retailers playing a significant part. However, the category is set to see a strong rebound in its retail volume and current value sales in 2021, with luxury wearables driving growth. This category has been benefiting ... Read More
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Luxury Hotels in Switzerland
... on travel and reopen the economy. The single biggest factor in this decline was the travel bans placed on international inflows, both by the Swiss government itself and by countries that historically generated large value ... Read More
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Luxury Eyewear in Switzerland
... abroad and thus limited demand. However, the decline was not as strong as in many other personal luxury categories due to the essential nature of some of these products, in particular luxury spectacle frames. With ... Read More
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Luxury Goods in Switzerland
... consumers who are less likely to be impacted by recession, even these consumers delayed purchases until there was greater clarity about the virus and its outcomes. In addition, non-essential stores were temporarily shuttered, and the ... Read More
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Luxury Writing Instruments and Stationery in Switzerland
... many consumers by the shift towards digital devices such as smartphones for communication and note-taking. However, with the onset of the pandemic in 2020, sales plummeted. The non-essential physical stores that sell these products were ... Read More
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Luxury Timepieces in Switzerland
... these products due to home working and home seclusion all had a negative impact on the category. However, one of the most significant factors was the shutdown of travel as a result of the virus. ... Read More
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Super Premium Beauty and Personal Care in Switzerland
... acute than most other personal luxury categories, except luxury eyewear. The fall in sales was mainly caused by the closure of non-essential retail outlets and consumers’ slow return for fear of contracting the virus, as ... Read More
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