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Brief

Worldwide Luxury Market Monitor, Spring 2017

Worldwide Luxury Market Monitor, Spring 2017

The luxury market is set to get back to growth in 2017.

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Brief

Worldwide Luxury Market Monitor, Spring 2017
en

The luxury market is set to get back to growth in 2017. A firm Chinese rebound with purchasing both at home and overseas as well as increasing customer confidence in Europe will boost global personal luxury goods market growth by 2-4 percent (at constant exchange rates) in 2017 to €254-259 billion. As the gap between winners and losers continues to widen, brands must rethink their strategies and adapt to a millennial state of mind, which will be a key driver to push the market to €290 billion in sales by 2020.


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