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Bookmark or Share- Global luxury market projected to reach €1.5 trillion in 2023, a new ...MILAN—November 14, 2023— 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 of the latest Bain & Company report with Altagamma, the Italian luxury goods manufacturers’ industry ...
- Luxury Goods Market Size, Growth, Trends | Overview [2030]The global luxury goods market size was valued at USD 272.74 billion in 2022 and is anticipated to grow from USD 284.00 billion in 2023 to USD 392.40 billion by 2030, exhibiting a CAGR of 4.7% during the forecast period. Premium products are key entities showcasing the status symbol of its owner.
- Luxury market outlook | J.P. Morgan ResearchDuring the current cost-of-living crisis, consumers are cutting back on spending — but demand for luxury goods remains high. In the fourth quarter of 2022, the luxury market grew 7% organically year-over-year, figures from J.P. Morgan Research show.
- Global luxury goods market takes 2022 leap forward and remains poised ...Global luxury goods market takes 2022 leap forward and remains poised for further growth despite economic turbulence. The US and Europe are still leading while new luxury markets are emerging. In 2022, the luxury market generated positive growth for 95% of brands.
- Luxury Goods - Worldwide | Statista Market ForecastIn 2024, the Luxury Goods market is projected to generate a revenue of US$368.90bn. This market is anticipated to grow at an annual rate of 3.22% (CAGR 2024-2028).
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