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March 29, 2015

Where Will the Future Growth for Bags and Luggage Come From?

Sulabh MadhwalAnalyst Insight by Sulabh Madhwal - Personal Accessories and Eyewear Analyst

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As the Eurozone crisis and austerity measures hit consumer confidence and constrain demand, growth for leading luxury bag brands such as Louis Vuitton, Gucci and Prada slowed down in 2013 and 2014. In addition, accessible luxury brands are headed towards a relatively conservative year in 2015. Looking towards 2019, we make a few predictions to help determine growth strategies for the industry.

New markets come into focus

China and the US are still expected to lead global sales in 2019. However, markets such as South Korea, India and Taiwan will further their influence on global sales and serve as ideal candidates for market entry or expansion. South Korea will overtake the entire Eastern European region and edge closer to Japan’s number three position by 2019. India is likely to be among the top ten bags and luggage markets in 2019, as it overtakes Italy and Germany on the way.

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March 10, 2015

The Apple Watch and Beyond: Key Takeaways from Apple Inc’s Latest Event

MykolaGolovkoAnalyst Insight by Mykola Golovko - Toys and Games Analyst

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The March 9 Apple event was centred around the announcement of pricing and availability of the Apple Watch line up. The product line is widely expected to spark mainstream consumer interest in autonomous wearable electronics. We expect the total market size of wearable electronics to reach 71 million units globally in 2015, however only 16 million will be autonomous wearables as low cost passive wearable electronics will remain dominant though 2016.

Global Volume Sales of Wearable Electronics by Type

Wearable-Electronics

Source: Euromonitor International

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March 4, 2015

The Rising Power of Female Consumers

Female-Consumer-Banner

The global female population totalled an estimated 3.6 billion in 2014 and is expected to reach 4.2 billion by 2030. Average disposable income amongst women is the highest it's ever been, and women are living longer than men.

What are you doing to reach this growing market?

Recording
View now to learn:

  • The size and distribution of the female consumer market
  • Literacy and education rates
  • Labour participation
  • Purchasing power

 

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February 27, 2015

Fashion Friday: Can Swatch's Smart Watch Compete in the Wearables Market?

Smartwatch-banner

The Swatch Group Ltd is expected to launch its first smartwatch by mid-2015.  This podcast discusses the impact of Swatch entering the wearables market and what it means for competitors. Will the Swatch Touch smartwatch dominate the wearables market? Can Swatch compete against technology giants like Apple and Samsung? Listen to the podcast for further insights.

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February 11, 2015

Soaring Swiss Franc Worsens Outlook for Volatile Watch Sales

Sulabh MadhwalAnalyst Insight by Sulabh Madhwal - Personal Accessories and Eyewear Analyst

View Sulabh Madhwal's profile on LinkedIn

As the Swiss National Bank removed a three-year cap on its national currency, the Swiss franc rose significantly against both the euro and the US dollar on 15 January. With four out of the top five global watch players being based in Switzerland, the decision is likely to have a negative impact on the industry’s growth in 2015.

Key markets already facing slowdown

High watches* accounted for 45% of global However, growth rates in several key markets such as China, Japan, Hong Kong and Russia slowed considerably in 2014. While austerity measures continue to hamper high watch sales in China, increased sales tax and the depreciating yen led to slowing sales in Japan. Sales growth in Hong Kong was affected by public protests, while that in Russia dropped due to military developments and currency fluctuations. None of the aforementioned markets are expected to return to double-digit growth rates in 2015 or 2016, signalling a slow recovery for global sales.

Continue reading "Soaring Swiss Franc Worsens Outlook for Volatile Watch Sales" »

January 27, 2015

Estimating Category Leaders in FMCG Industries

Virgilijus NaruseviciusAnalyst Insight by Virgilijus Narusevicius - Senior Data Scientist

View Virgilijus Narusevicius's profile on LinkedIn

In this article, we have attempted to characterise category leaders across FMCG industries and the typical market shares they achieve. “Category leader” is generally a highly coveted status as it allows price-setting power and a better ability to influence category trends, enables economies of scale and implies a better bargaining power over retailers and suppliers. It also suggests that the company is doing many things right and it is thus rather common to benchmark against the category leaders and study their past strategies. However, category leader shares vary between industries and a successful company in one industry may differ from another.

 

Figure 1: Average Category Leader Share across FMCG Industries

CAMI1

 

Source: Euromonitor International

Note:  Retail value sales

Continue reading "Estimating Category Leaders in FMCG Industries" »

December 20, 2014

Opportunities and Relationships Between Personal Accessories and Beauty and Personal Care

Put together, personal accessories and beauty and personal care sales will exceed US$1 trillion in 2015. The two industries are related in more ways than one, not least because of both targeting similar consumer profiles. Although leading brands such as L'Oréal, Gillette or Louis Vuitton are unlikely to venture outside their core industries, brands such as Avon and Tiffany & Co might be ideal candidates to expand their relatively small presence in personal accessories and beauty and personal care respectively.

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December 15, 2014

Rationalising Intel’s Collaboration with Luxottica on Smart Glasses

Chloe WuAnalyst Insight by Chloe Wu - Personal Accessories and Eyewear Analyst

It has not been more than a year since Google Glass was first sold commercially to the public, and, despite an overall tepid reaction towards Google Glass, Luxottica is now forging ahead with yet another attempt at smart glasses.

This time, the eyewear juggernaut has teamed up with semiconductor giant Intel to produce smart eyewear. Essentially, Intel will provide engineering know-how, so that Luxottica can focus on industrial design, thereby keeping costs down and shortening the time to market.

Continue reading "Rationalising Intel’s Collaboration with Luxottica on Smart Glasses" »

December 14, 2014

Asia Pacific Recap: Key Events that Shaped the Region in 2014

Euromonitor analysts discuss the key events impacting foreign investment, population, tourism, tax rates, social media, politics, consumer confidence and other factors impacting consumer spending trends in Asia Pacific countries moving into 2015. Watch the video for complete insights.

Continue reading "Asia Pacific Recap: Key Events that Shaped the Region in 2014" »

November 12, 2014

Appreciating Fashion in Singapore

UBIFranceSlide

Singapore has emerged as a leading fashion hub in Asia Pacific and has a highly evolved competitive landscape as brands are expected to cater to citizens as well as sizeable populations of foreign residents and tourists. Purchase decisions are increasingly influenced by brand perception as female consumers consistently look to premium international brands for personal accessories and footwear. This is an excerpt of the presentation that Sulabh MadhwalSulabh Madhwal, Personal Accessories Analyst, gave at UBIFrance this year.

 

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Recent Posts

Where Will the Future Growth for Bags and Luggage Come From?

The Apple Watch and Beyond: Key Takeaways from Apple Inc’s Latest Event

The Rising Power of Female Consumers

Fashion Friday: Can Swatch's Smart Watch Compete in the Wearables Market?

Soaring Swiss Franc Worsens Outlook for Volatile Watch Sales

Estimating Category Leaders in FMCG Industries

Opportunities and Relationships Between Personal Accessories and Beauty and Personal Care

Rationalising Intel’s Collaboration with Luxottica on Smart Glasses

Asia Pacific Recap: Key Events that Shaped the Region in 2014

Appreciating Fashion in Singapore