Market Outlook 16 minutes PremiumSector Overview: Luxury — New Customers and New Business Models Equals a New Luxury Coresight Research February 15, 2019 Executive SummaryEach of our Sector Overview reports provides an essential briefing on a sector or market. An evolving definition of luxury and new luxury consumers set the stage for dynamic changes in global personal luxury goods sector. The global personal luxury goods sector achieved a 4.2% five-year CAGR in the 2012-2017 period. The top 15 industry participants hold close to 50% of the market on a combined basis. Industry participants have anticipated a slowdown in the last few years. However, we are seeing more of a market shift as Asia-based transactions are syphoning off top-line growth in the more developed luxury markets of Europe and the U.S. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 38: US Store Closures Up Three-Quarters vs. Last YearWeekly US and UK Store Openings and Closures Tracker 2023, Week 16: US Openings UpFebruary 2023 UK Retail Sales: Total Sales Post Strongest Growth in a YearUnderstanding Cross-Channel and Cross-Category Shopping: US Consumer Tracker Extra, July 2023