For those sectors, refer to or reports from McKinsey , Deloitte , or KPMG .
After years of record-breaking growth, the global luxury market is experiencing a cooling period. According to the latest findings, the market is projected to see a slight contraction or flat growth in the first half of 2024.
Let’s start with the hard data. The Bain report highlights a significant deceleration compared to the record-breaking years of 2022 and 2023. bain luxury report 2024 pdf
The global personal luxury goods market is set to experience a decline of 2% in 2024, bringing the market value to an estimated €363 billion.
Middle-class, aspirational buyers have been priced out of core categories due to compounding price increases. For those sectors, refer to or reports from
Below, we break down what the 2024 edition covers, why it matters, and how you can legally access or interpret the PDF.
Hard luxury (jewelry and high-end watches) is seen as a safer store of value compared to seasonal fashion. Let’s start with the hard data
The report highlights a divergence between the and the Aspirational Consumer .