Bain luxury goods worldwide market study pdf

The personal luxury goods market delivers positive growth. Strategy consulting firm presentations mekko graphics. Global luxury goods worldwide market study 9th edition. Global luxury goods market to cool in 20 bain reuters. Altagamma 2015 worldwide markets monitor claudia darpizio milan, 29th october 2015. Luxury goods market will return to growth in 2017, bain.

Todays will cover the present structure of the luxury goods market and the effect of the great recession on it. Executive summary slower growth worldwide, and strategy becomes paramount. Japan has proven to be a consistent champion in both real and nominal terms, as a sound base of local consumers and the emergence of chinese tourists looking to capitalize on currency. Worldwide sales of personal luxury goods are set to rise 46 percent this year at constant exchange rates compared with a 6. Luxury goods market on core categories market definition as per bain luxury study 2017 may18 restated new personal luxury goods market1 excluding artdelatable now included into highquality design and homeware and other residual categories global personal luxury goods market restatement personal luxury goods market b. All four are leading members of bains global retail and luxury practices. While the increase in the number of luxury goods in. The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in fy2016 which we define as financial years ending within the 12 months to 30 june 2017. The statistic shows the sales of the luxury goods industry in china in 2010 and a forecast for the years until 2020. Luxury goods market by product type, mode of sale and.

The luxury goods and services marketers work for companies that have been active in the luxury market an average of 30 years, with most having been in business nearly a. Our fallwinter 2018 luxury goods worldwide market study highlights seven trends that will shape the industry through 2025. Our fallwinter 2018 luxury goods worldwide market study highlights seven trends that will shape the. Considering all segments, the luxury market grew by 5% to an estimated 1. In 2018, six percent global growth at a constant exchange rate led to 260 billion. She is the lead author of the bain luxury study, one of the most cited sources of market information in the luxury industry. Luxury goods are products at the highest end of the market in terms of quality and price. Our 2019 luxury goods worldwide market study highlights what changing customer aspirations and behaviors will mean for luxury brands. Eight themes that are rewriting the future of luxury goods. Luxury goods worldwide market study, fallwinter 2018.

The research found that the global luxury market is estimated to have grown to almost 1. Bain luxury goods worldwide market study spring 2019. Luxury goods industry revenue in china until 2020 statista. You can also get my analysis of the 10th bain luxury goods worldwide market study from october 2011. Market size of the global personal luxury goods market 2019, by product share of the luxury goods market worldwide by product category in 2019 growth of the leading personal luxury goods markets 2019. Bain luxury goods report 2014 defined as based in north america or europe and. Bains luxury goods worldwide market study luxury goods. Chinese consumers represent the nationality driving the most growth.

Bain uses cookies to improve functionality and performance of this site. Bain s luxury goods worldwide market study citations bain s luxury goods worldwide market study. Welcome to the fourth global powers of luxury goods. Luxury sales in the americas reached 80 billion, representing a growth rate of 5%. The overall luxury industry tracked by bain comprises nine segments, led by luxury cars, luxury hospitality and personal luxury goods, which together account for more than 80% of the total market. The key trends for the luxury goods industry in 2018. The remarkable growth was mainly driven by strong luxury. The global personal luxury goods market reached in 2018 a new normal pattern of growth, confirmed also for the current year and the short term up to 2025. The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in fy2015 which we define as financial years ending within the 12 months to 30 june 2016. Bain luxury goods worldwide market study spring 2019 update. Global powers of luxury goods 2017 the new luxury consumer. The global personal luxury goods market reached in 2018 a new normal pattern of growth, confirmed also for the current year and the short. It also discusses the key trends shaping the luxury market and provides a.

Luxury market booms to over 1 trillion thanks to personal. The overall luxury market encompassing both luxury goods and. Key messages in line with 2015 bain china luxury report forecasts, the domestic market outgrew overseas purchases and reached 20% growth in 2017. Americas surpasses china as luxury goods growth leader. Bain survey of luxury goods consumers in mainland china 20 n1,400, literature search, bain analysis 0 40 60%. The behavior of chinese consumers epitomizes a larger global trend. According to bain and companys recent luxury goods worldwide market study 2011, the sales of luxury goods bounced back in 2010, and a 10 percent increase in the sales of luxury goods was expected in 2011. Luxury goods worldwide market study fallwinter 2014. The study covers worldwide spending on luxury readyto. Luxury goods market will return to growth in 2017, bain report says. Global luxury goods market by consumer nationalities, 2000 2020f, billions 2000 2010 2016e 2020f row. According to clsa asiapacific market, luxury sales revenue in china will. Including but not limited to industries such as automobiles, jewelry and watches, clothing and accessory apparel, cosmetics, wines and spirits, fragrances, and travel goods. But with new, interesting and differentiating pillars of the next gen luxury.

It expects the overall luxury market, including both luxury goods and experiences, to post 5% growth this year to reach. It also discusses the key trends shaping the luxury market and provides a global economic outlook. There are striking differences across the regions in the global luxury goods market. Luxury goods worldwide market study, fallwinter 2016 as. Page 2 countrys middle class continues to grow in size and purchasing power. Worldwide sales of personal luxury goods are set to rise 46. Global powers of luxury goods 2018 shaping the future of. Loyalty programs work for luxury brands luxury brands, despite their perceived aloofness, have traditionally commanded true loyalty from their wellheeled customers allowing them to maintain an even keel against the vicissitudes of the global economy. A study on why luxury goods sell and their effects on the.