Market Research Reports - Ken Research Switzerland Luxury Portable Consumer Electronics

Downtrend in Swiss Portable Electronics Market to Impact Country Economy: Ken Research
Almost all the latest portable consumer electronics are inspired by science fiction movies and
are now a reality. The worldwide luxury portable consumer electronics market is growing
rapidly with the invention of smartphones and tablets. The consumer electronic market has a
wide product and price range and the offers from experts is an added advantage. Most of the
sales are through internet retailing with a strong growth in the portable consumer electronics.
The growth in this sector is expected continue due to the economic growth, rising shopping
tourism, tablets, smartphones and wearable electronics.
According to the market research report "Luxury Portable Consumer Electronics in
Switzerland" the luxury portable consumer electronics is omnipresent with the advanced
technology and smart portable electronics. Now a day, the Wi-Fi connectivity and app controls
are a most common sight in modern kitchen-counter appliances. With the innovation in the
technology, it is expected that there will be inventions in smarter refrigerators, washers, dryers,
doorbells, light bulbs, ceiling fans, and smoke alarms along with wireless earbuds and other
smart devices in the near future. The wide range of the portable consumer electronics are all
set to improve the quality of human life by providing cutting-edge entertainment and
dramatically change the way of handling everyday tasks at home or offices.
The luxury portable consumer electronics in Switzerland registered a moderate growth in the
past years. Majority of the Swiss consumers are price-sensitive and very cautious in spending
on electronics. The global economy, volatile political situations in Swiss, decrease in tourists
spending limit and many other factors influenced the growth of the luxury portable consumer
electronics. The competitors in the luxury portable consumer electronics are multinational
brands and there is a strong competition. However, there was only a marginal growth in this
sector and multinationals continued to invest, but their contribution was insufficient to
maintain a positive growth in the market.
Online retailing or internet retailing has registered significant growth for luxury portable
consumer electronics in Switzerland. However, the majority of the consumer electronics
distribution is still in the hands of the specialist retailers. The luxury portable consumer
electronics market in Switzerland is expecting a moderate growth in the coming years
compared to the previous years. The prices of the consumer electronics has reduced to a level
such that Switzerland is unable to compete with its neighbouring countries.
The luxury wearables in luxury portable consumer electronics market are still in the budding
stage. The high price, defective products or the products are outdated very quickly are the main
factors influencing the growth of the luxury wearables in Switzerland. The growth in the luxury