Bain & Company suggests brands must move toward a by refocusing on true craftsmanship, meaningful personalized experiences, and leveraging Generative AI for tech-enabled execution. While 2024 and 2025 remain transition years, the long-term outlook to 2030 remains positive, with an expected market value of €2 trillion to €2.5 trillion .
The Bain Luxury Report 2024 PDF also identifies a new type of luxury consumer: the "New Luxury Consumer." This demographic is characterized by: bain luxury report 2024 pdf
If you’ve searched for the you’re likely an industry professional, investor, student, or luxury enthusiast looking for authoritative data on the global personal luxury goods market. Published annually by Bain & Company in partnership with Altagamma (the Italian luxury goods manufacturers’ association), this report is the gold standard for tracking market performance, consumer trends, and future forecasts. Bain & Company suggests brands must move toward
Grew to €48 billion (+7%), as shoppers look for value and heritage pieces. The "Post-Elevation" Era: Recommendations for Brands Published annually by Bain & Company in partnership
But Claudia was on a train from Zurich to St. Moritz. No Wi-Fi in the Albula Tunnel.
The Bain & Company Luxury Goods Worldwide Market Study 2024 characterizes the year as a "transition" phase, with global luxury spending remaining flat at €1.5 trillion and the personal luxury goods market dipping 2% to €363 billion. Key trends include a contraction in the customer base, significant brand polarization, and a shift toward experiences over products, with Japan leading growth while Mainland China faces a sharp decline. Read the full report insights at Bain & Company .