PERSONAL LUXURY GOODS POISED TO KEEP GROWING
NEW STUDY REVEALS GROWTH THROUGH 2025
The Bain & Company Luxury Goods Worldwide Market Study Sales reports revealed that the luxury goods market continues to shine and, looking ahead, sales of personal luxury goods are expected to grow by 3 percent to 5 percent on average through 2025, reaching between €320-€365 billion. However, socio-political issues, commercial policies, and potential soft recessions could cast a shadow on short-term growth.
The overall luxury market, including both luxury goods and experiences, inched up 5 percent at constant exchange rates in 2018 to an estimated €1.2 trillion globally.