Bain Luxury Report 2024 Pdf Page

"Fetch the package," Elara typed. "Room 412. The red briefcase. Photograph page 12 and page 47."

The 2024 Bain-Altagamma Luxury Goods Worldwide Market Study highlights a significant turning point for the industry, marking the first real-term slowdown in 15 years (excluding the COVID-19 pandemic) . While total luxury spending reached approximately €1.5 trillion , the personal luxury goods segment dipped by to €363 billion at current exchange rates. Bain & Company Key Market Trends Shrinking Consumer Base: For the first time, the market lost an estimated 50 million customers bain luxury report 2024 pdf

Luxury in Transition: Securing Future Growth - Bain & Company "Fetch the package," Elara typed

at constant exchange rates. By 2030, the market is projected to reach €2.0–2.5 trillion Photograph page 12 and page 47

In 2024, global luxury spending is estimated to reach , remaining relatively flat (growth between -1% and 1%) compared to 2023. This marks a significant "normalization" period following years of post-pandemic exuberance.

Performance is highly uneven; only about one-third of luxury brands are expected to finish 2024 with positive growth, a sharp decline from two-thirds in the previous year. 2. The Shrinking Customer Base