Reasons to Read

Discover how ultra-high-net-worth individuals are becoming the decisive growth engine of a slowing luxury market, reshaping demand as wealth concentrates at the top and younger VICs redefine what “luxury” means. Read this report to discover answers to these and other questions:

• How is the global UHNWI population evolving in size, wealth concentration and regional mix, and what does this imply for luxury brands’ VIC strategies and growth planning through 2030?
• How is Asia-Pacific—particularly China and emerging ultra-wealth hubs—re-centering luxury demand, and how should brands recalibrate store networks, assortments and clienteling to capture this shift?
• How are VIC-driven spending, premiumization and prime real-estate acquisitions enabling maisons such as Chanel, Hermès, Kering, LVMH and Prada to offset aspirational softness and protect margins?
• How is the rise of Next Gen UHNWIs, from Millennials to Gen Alpha, changing luxury values and behaviors, and what does Coresight Research’s Fast Luxury model reveal about on-trend drops, resale and cultural influence?
• What are the strategic implications for brands, retailers and technology vendors—from VIC-centric operating models and Asia-focused expansion to AI-enabled clienteling, authentication and resale infrastructure?

Data in this research report include/are: Global personal luxury goods market size and growth forecasts through 2030; UHNWI population, wealth and regional distribution from Wealth‑X; US luxury store traffic and VIC exposure from Placer.ai and Coresight Research; and generational and behavioral insights underpinning the Fast Luxury model.

Companies mentioned in this report include/are: Chanel, Hermès (EPA: RMS), Kering (EPA: KER), LVMH (EPA: MC), Prada (HKEX: 1913), and Qiandao.