Bain Luxury Report 2024 Pdf ✭ < TOP >

: Experienced a sharp slowdown ( -20% to 22% ) as consumers opted for "understated" designs or spent their luxury budgets abroad.

This slowdown is not uniform. The most significant impact was a dramatic reduction in the number of luxury consumers, with approximately 50 million people leaving the market over two years due to economic pressures and price hikes. This trend is most acute among Gen Z, whose advocacy for luxury brands has notably declined. bain luxury report 2024 pdf

Bain breaks down performance by:

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The full PDF analysis highlights significant divergence across geographical regions: Performance Trend +12% to +13% Favorable exchange rates (weak Yen) and a surge in tourism. Europe +3% to +4% : Experienced a sharp slowdown ( -20% to

There was no PDF to download. No link to click. This trend is most acute among Gen Z,

After years of record-breaking growth, the global luxury market is experiencing a cooling period. According to the latest findings, the market is projected to see a slight contraction or flat growth in the first half of 2024.