Sector Overview: Luxury — New Customers and New Business Models Equals a New Luxury
Each 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.