Global luxury market projected to reach €1.5 trillion in 2023, a new record for the sector, as consumers seek luxury experiences. The global luxury market is projected to reach €1.5 trillion in 2023, an 8-10% growth over 2022, setting a new record for the industry and proving its unparalleled resilience. These are among the findings … Read more
Global Personal Luxury Goods Market On Track For Recovery. Two possible scenarios for the luxury industry rebound in 2021. Following a turbulent year, the luxury market has started its path towards recovery. The luxury industry returned to growth in the first quarter of 2021, growing by 0-1% versus 2019, which is viewed by the … Read more
Luxury and Wellness Redefine the Future of Fashion, Says Euromonitor in the 2017 report “The Future Direction of Athleisure and Luxury Apparel.” So, What’s next for athleisure and how luxury is stepping it up. The fashion for wearing fitness apparel away from the gym was well and truly cemented in the mainstream fashion retail and … Read more
Top Vendors in the Global Personal Luxury Goods Market from 2017 to 2021: Report. The global personal luxury goods market is highly fragmented, with the presence of both global vendors and local players, says the recent global personal luxury goods market report by Technavio. This market research report also lists 14 other prominent vendors that … Read more
The worldwide luxury industry surpassed €1 trillion in retail sales value in 2015 and delivered healthy growth of 5% year over year (at constant exchange rates), driven primarily by luxury cars (8%), luxury hospitality (7%) and fine arts (6%), according to the 14th edition of the Bain Luxury Study, published by Bain & Company for … Read more
The 13th edition of the “Luxury Goods Worldwide Market Monitor” Not only will ‘Luxury 2025’ consumers be at the center of the customer experience; they will be the center of luxury itself – a critical part of the ideation, creation, and sales of luxury, says Bain & Company 2014 annual global luxury study. According to … Read more