Bain Luxury Report 2024. Analysts forecast that most major economies will avoid a recession in 2024. We’re starting our 2023 luxury trends report this year by looking at three underlying themes that are fundamentally reshaping the global dynamics and the business playbook for luxury brands.
Personal luxury goods market projected to grow 4% by the end of 2023: Bain forecasts domestic luxury spending will have decreased to 70 percent of their total luxury spendings in 2023 from over 90 percent during the pandemic years,.
In 2022, The Luxury Market Generated Positive Growth For 95% Of Brands.
Personal luxury goods market projected to grow 4% by the end of 2023:
Despite Tempered Estimated Growth In 2024, The Chinese Luxury Market Is Expected To Grow In The Next Decade, With Luxury Consumption In The Country Predicted.
Report the market is expected to soften through q4 and into 2024, said bain and.
Despite The Reopening Of China At The Start Of The Year, Demand For Personal Luxury Products Slowed To 8 Per Cent At Constant Currency Rates According To Bain,.
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Converge To Expand Through Turbulence.
We call them macro shifts, and they run across each of the seven trends we’ve identified for 2023.
The Us And Europe Are Still Leading While New Luxury Markets Are Emerging.
By shilpa dhamija 15 novembre 2023.
Analysts Forecast That Most Major Economies Will Avoid A Recession In 2024.