Bain altagamma luxury report 2014 pdf

Bain analysis 1 market by consumer nationality highlights many new chinese consumers, mostly. And beyond claudia darpizio, federica is the coauthor of bain luxury study, one. She is the lead author of the bain luxury study, one of the most cited sources of market information in the luxury industry. That slower pace is, however, more sustainable, and it reflects the new normal for lux. New market dynamics club essec luxe paris december 1st. Milan, 14thjanuary 2014 in collaboration with powered by. Bric countries, namely brazil, russia, india and china by 2014 accounted for 30% of worldwide consumption of luxury brands. As part of our annual altagammamckinsey digital luxury experience observatory 1 the july 2015 altagammamckinsey digital luxury experience observatory analyzed the omnichannel decision journeys of about 7,000 luxury shoppers across eight geographies, four product categories, and three price points. Digital luxury experience 20, available at digitalluxuryexperience. China luxury market posted negative growth for nd2 year in a row global luxury spending reached over 250 billion euros in 2015, an increase of % form 2014. That slower pace is, however, more sustainable, and.

Luxury goods worldwide market study fallwinter 2014. Retail and consumer perspectives 2014 digital luxury exhibit 1 of 2. A unique perspective on the omnichannel global luxury. While the story contains some cautions, a quick scan of the headline and. Bain predicted total revenue from the personal luxury goods industry which includes watches, jewellery, clothes, shoes and leather goods to reach 223. According to a 20 report by wealthinsight, hong kong had the 8th highest population of millionaires of any city in the world, more than singapore and shanghai but fewer than tokyo, beijing or osaka. The luxury markets are analysed by looking at demand and supply with specific indepth analysis and forecasts on consumption, consumer. Pdf analysing the personal luxury goods market in india.

Millennials in the report were defined as 2034 years old, born between 1983 and 1997 sources. Trend continued and amplified from 2014 new trend in 2015. Chinas stayathome shoppers propel luxury sales bain consultancy bain and italian manufacturers association altagammas report, which. Altagamma 2015 worldwide markets monitor claudia darpizio milan. The findings reveal how seven luxury consumer segments are creating new opportunities in the market. Luxury should continue to prosper in 2018 according to.

Global luxury goods sales growth to stabilise in 2015 bain. Every year the foundation releases eight researches conducted in partnership with some of the most prestigious international partners. Estimated value n china sales o ersnal luxury goods rse signiiantly t 20 illion euros in 201 7 reresenting a 15%. Olivier abtan, 2014an economic times article in 2007 quoted industry.

Fondazione altagamma is led by andrea illy, who was named chairman in 20. Global luxury goods worldwide market study 9th edition. Luxury goods worldwide mar 2011 ds worldwide market study, 2011. That represents % growth over 2014 at current exchange rates, while real growth at constant exchange rates has eased to only 1% to 2%. The research for this report encompassed more than 300 luxury and affordable luxury brands in the following 12 categories. This new report2 demonstrates the continuity of such growth and job creation contribution. Luxury market 2 spotlight on china retail issue 7 luxury market 2 exhibit 1. She is also the lead author of bain luxury study, one of the most cited sources of. The bain report expects annual sales of personal luxury goods, which include highend fashion, handbags and jewelry, to total 280 billion to 290 billion by 2020. Global personal luxury goods sales, 20142016 source. The study went on to report that respondents were investing heavily in ecommerce, crm, and display advertising. Integration of findings within bain luxury study on market size and trends consumer research bain point of view. Mckinsey altagamma digital luxury experience 2015 edition. Driving the growth of the luxury goods market are the emerging middle.

The just released 2014 edition of the report luxury goods worldwide market monitor 2014 shows that over the past two decades the luxurygoods market has more than tripled, from. Granted, sales of luxury goods also to get a sense of what they are focusing on in 2017 and beyond, skift spoke to a number of luxury hospitality experts, including bill walshe, ceo of. Luxury goods worldwide market study winter 2014 bain. Bain analysis 0 20 40 60 80 100% 2014 other 39 2015e hong kong macau taiwan europe japan south korea other 511% 32% 173% 35% 43% 32% cagr chinese outbound travel via travel agency by destination m trips usa. Claudia is the lead author of the bains yearly luxury study, developed since 1999 in cooperation with altagamma, the trade association of the italian luxury brands. Bain report global luxury 2015 linkedin slideshare. Global powers of luxury goods 2018 shaping the future of the luxury industry. Covid19 presents an unprecedented crisis for the industry and forces luxury players to jump into the future now skip to content bain uses cookies to improve functionality and performance of this site. Indeed, the travel sector grew faster than luxury goods by at least 5 percentage points last year. Altagamma is the global landmark for the understanding of the luxury market. This study, based on the analysis of an extensive panel of worldwide luxury brands, is periodically updated and has become one of the most valued and cited sources of market. In china, the growth of luxury sales contracted by 2% to 1 billion yuan in 2015, a negative.

Luxury goods market will return to growth in 2017, bain. The 2014 luxury interactive benchmarking study by wbresearch found that 97% of luxury advertisers were planning to increase their digital spending in 2014. The general outlook for luxury spending continues to be positive. Chinese luxury spending globally also enjoyed strong growth and represented 32% of the global luxury market in 2017 note.

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