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: What’s Next for the Food Industry?: Insights Presented at the FMI Midwinter Executive Conference 20242Q23 US Earnings Season Wrap-Up: A Mixed Picture Due to Weak Demand and Higher Interest RatesFebruary 2023 US Retail Sales: Total Sales See Second Month of Strong ExpansionConsumer Activity Declines While Shopping Stays Steady: US Consumer Tracker 2023, Week 35