Russia Luxury Portable Consumer Electronics Retail Market, Russia Portable Laptops Market Research - Ken Research

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Progress in Demand in Russian Consumer
Electronics Market Ken Research
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The Luxury Portable Consumer Electronics market
in Russia has prolonged to experience a downfall
in trends in the year 2016 since the earlier
highly popular brands and related products with
an exceptionally well status in the society, like
Vertu mobile phones, lost majority of their share
to better technologically advanced counterparts,
namely Apple or Samsung.
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• These high-end smart phones, smart watches, and
  the most affluent Russians instead of going for
  luxury portable electronics of the country were
  lured by the other emerging brands.
• The market mainly caters to Luxury Mobile Phones,
  Luxury Mp3 Players, and Luxury Wearables,
  recession had been persisting in the economy in
  2016, and simultaneously the purchasing power of
  middle-class consumers saw a decline. Although
  the local currency commenced to display signs of
  stabilization, yet the inactive economic
  environment affected the demand for luxury goods.
  As a result, a major proportion of the consumers
  of luxury goods switched to lower-priced
  alternatives.
• Few goods have been reviewed as small
  appeasements wherein small leather goods,
  lesser-priced super premium beauty, and

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personal care products relished comparably better
performances, and assisted the middle-class
Russians recall their previous consumption
habits. Anyhow, the most prosperous Russians did
not shift their consumption habits and continued
to go for their favorite luxury brands.
According to the report "Luxury Portable
Consumer Electronics in Russia", luxury goods
have endured to be greatly scattered wherein the
smaller international brands have to struggle for
a decent market share along with the best-known
global brands. The market has been and remains to
be dominated by imported products, with some
exceptions, like that of luxury spirits. Sales
in the market have stayed to exist mainly through
bricks-and-mortar channels since the online sales
fell in 2016. However, the
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trust and confidence of Russians in online
purchases is slowly ameliorating, and the share
of online sales is thereby expected to visibly
augment by 2021. Luxury goods are forecasted to
portray higher value growth in the future but the
sales are predicted to reach their pre-crisis
value. The consumer base, being stable for the
time being, of the most wealthy buyers of luxury
goods is as well expected to be negatively
impacted if the economic bedlam returns and even
some of these purchasers are foreseen to leave
the country provided the business and social
environment exacerbates. Key Topics Covered in
the Report Russia Luxury Portable Consumer
Electronics Market Research Report Russia Luxury
Portable Consumer Electronics Market Size
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Russia Luxury Portable Consumer Electronics
Market Russia Luxury Portable Consumer
Electronics Trade Market Russia Luxury Portable
Consumer Electronics Retail Market Russia Luxury
Portable Consumer Electronics Production
Output Russia Luxury Portable Consumer
Electronics Import Volume Russia Luxury Portable
Consumer Electronics Export Volume Russia Luxury
Portable Consumer Electronics Market Future
Outlook Russia Luxury Portable Consumer
Electronics Market Competition Russia Consumer
Electronics Market Research Russia Consumer
Electronics Industry Future Outlook Russia Smart
Phone Market Revenue Russia Portable Laptops
Market Research Russia Portable Bluetooth Speaker
Market Russia Digital Camera Market Research
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To know more about the research
report https//www.kenresearch.com/consumer-produ
cts-and-retail/consumer-electronics/luxury-portabl
e-consumer-electronics-russia/112269-95.html Rela
ted reports https//www.kenresearch.com/consumer-
products-and-retail/consumer-electronics/virtual-t
raining-manufacturers-countries/116796-95.html ht
tps//www.kenresearch.com/consumer-products-and-re
tail/consumer-electronics/self-service-kiosk-manuf
acturers-countries/116790-95.html
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Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204