Market Share of Singapore Luxury Goods Industry
The Singapore luxury goods market is competitive with the presence of various players. Some of the major players in the market are The Swatch Group, LVMH, Rolex SA, Kering SA, and Richemont SA. Players are focusing on adopting strategic approaches such as mergers, expansion, product launches, acquisitions, and partnerships of the companies to gain market share and reach a large consumer base. Players in the market are diversifying their products by launching limited edition products to entice the customers and gain a competitive edge in the market. For instance, in December 2022, Breitling is known for supplying customized watches teamed up with Singapore Airlines to celebrate the 70th anniversary of the legendary Navitimer aviation watch with the launch of two limited edition watches named Navitimer B01 Chronograph 41 Singapore Airlines and Navitimer Automatic 38 Singapore Airlines.
Singapore Luxury Goods Market Leaders
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The Swatch Group Ltd
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Rolex SA
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Richemont SA
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Kering SA
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LVMH Moet Hennessy Louis Vuitton
*Disclaimer: Major Players sorted in no particular order
