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ArticleGlobal personal luxury goods market seen falling by 2% this year
The personal luxury goods market is expected to decline by 2 percent at current exchange rates, but to be flat at constant rates, reaching €358 billion in 2025, but could resume growing over the next decade by up to 6 percent a year, according to a report released by the ...
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ArticleGlobal market for personal luxury goods seen declining by 2-5% in 2025
The global market for personal luxury goods is expected to decline by 2-5 percent this year after falling by 1 percent at current exchange rates to €364 billion in 2024, according to a report released by the consultancy Bain & Company in partnership with Altagamma, the Italian luxury goods ...
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News briefs
Global luxury goods sales seen down 2-5% in 2025
In 2025, the global market for personal luxury goods is expected to fall by 2 to 5 percent after declining by 1 percent last year, according to a survey released by the consultancy Bain & Company. Bain’s previous forecast released in November 2024 was for the market to increase by ...
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News briefs
Global personal luxury goods market set to drop by 2% in 2024
In 2024, the global market for personal luxury goods is expected to fall by 2 percent to €363 billion, according to a survey released by the consultancy Bain & Company in collaboration with Fondazione Altagamma, the Italian luxury goods manufacturers’ industry foundation. In 2025, the global market for personal ...
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News briefs
Global personal luxury goods market may rise 5-12% this year - Bain
Bain & Company and Altagamma’s 2023 spring luxury study showed that the global personal luxury goods market is projected to grow 5-12 percent in 2023 to between €360 billion and €380 billion, following a record year in 2022, despite uncertain economic conditions. Last year, the market generated estimated revenues of ...
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News briefs
Ukraine conflict to have 2-3% impact on luxury goods market
The conflict between Russia and Ukraine is expected to impact by 2-3 percent, or at least €7 billion, global spending in personal luxury goods, according to an estimate made by consultancy Bain & Company. The percentage corresponds to the estimated annual expense of Russian consumers in luxury clothing, accessories, ...
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ArticleGlobal personal luxury goods sales up 29% in 2021
The global personal luxury goods industry is forecast to grow by 29 percent at current exchange rates to €283 billion this year, according to a survey released by the consultancy Bain & Company in collaboration with Fondazione Altagamma, the Italian luxury goods manufacturers’ industry foundation. Compared with 2019, the market ...
