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The report states that after the luxury market's sales ratio percentage for single-family homes was 22.3% in 2023, representing a seller's market, it had moved to 19.4% in 2024, representing a ...
It expects the global growth rate of the luxury industry to be just 1-3% between 2024 and 2027, with China and Europe, once the centers of luxury spending, contributing less to that expansion.
The United States is the second-largest luxury market, following Europe, worth about 100 billion euros ($106 billion), or nearly one-third of all global high-end sales of apparel, leather goods ...
The luxury goods market has been on an upward climb for many years. Apart from the setback caused by the 1997 Asian Financial Crisis, the industry has performed well, particularly in 2000. That year, the world luxury goods market was worth nearly $170 billion and grew 7.9 percent. [24]
Globally, the luxury packaging market continues to grow, driven by global trends of personalised packaging, attention to sustainability issues, and economic and demographic drivers. The luxury packaging market is forecast to grow by 4.4% to 2019, reaching $17.6 billion, and consumption will reach 9.9 billion tons with growth of 3.1%. [3]
The housing market is shaping up for some interesting changes. Although no one has a crystal ball, experts are sharing predictions about what could happen. Read Next: 25 Places To Buy a Home If You...
The luxury consumer is evolving, forcing brands to keep up with changing buying habits. A 2024 report by Bain & Company found that Gen Z consumers, or those born between 1997 and 2012, will ...
Luxury homes are, well, luxurious—but they happen to be more expensive than ever, too. The typical luxury home sold for a record $1,225,000 in the first quarter of this year, 8.7% higher than ...