Bain Luxury Report 2024 Pdf ((full)) [Trusted – 2027]

The Bain-Altagamma Luxury Goods Worldwide Market Study (Fall 2024) indicates global luxury spending is stable at approximately €1.5 trillion, with a significant shift toward experiential luxury and a 2% contraction in personal luxury goods. The market is experiencing a "normalization" phase marked by a reduced customer base, regional divergence, and a preference for value-seeking in beauty and secondhand goods. For the full, detailed analysis, visit the Bain & Company website Bain & Company

Recalibrate Value Propositions: Move beyond simple price hikes and rediscover "craftsmanship and creativity" to win back younger and aspirational consumers. bain luxury report 2024 pdf

Personal Luxury Goods: Experienced its first real-term slowdown in 15 years, dipping by 2% to €363 billion. The Bain-Altagamma Luxury Goods Worldwide Market Study (Fall

Luxury in Transition: Securing Future Growth - Bain & Company Personal Luxury Goods : Experienced its first real-term

, as shoppers sought value and entry points into high-end brands through pre-owned items. Bain & Company Performance by Region & Category Regional Winners/Losers: The standout performer, growing due to favorable currency rates attracting tourists. Mainland China: Experienced a sharp slowdown, declining as domestic consumer confidence waned. Americas & Europe: