Luxury Goods Worldwide Market Study – Spring 2024. The european market is anticipated to continue growing as the region. “[brands] need to react to customer signals… we are going through some bumps in the market, but it’s important not to lose.
Brands need to be agile, says levato. Japan is the rising star with the continuation of local luxury spending and chinese arrivals.
The European Market Is Anticipated To Continue Growing As The Region.
About the bain luxury goods worldwide market study bain & company analyses the market and financial performance of more than 280 leading luxury goods.
A Number Of Factors Kept The Momentum Going In Q1 2023:.
The global luxury market is due to grow between 8 and 10 percent in 2023 compared with 2022, according to bain & company and altagamma.
Brands Need To Be Agile, Says Levato.
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Brands Need To Be Agile, Says Levato.
Personal luxury goods will account for 24% of the market and close the year with about $400 billion (€362 billion) in revenues.
We Expect The Sales Recovery To.
Morgan research, including gold and jewelry (+48%), cosmetics (+34%) and apparel.