Source: IMF, World Bank, OECD, BCG analysis. Customers purchase bags at a duty-free shop in Haikou, Hainan province, on Oct 1, 2021. • In the luxury beauty category, e-commerce grew by about 60% YTD as of October and online penetration will increase from approximately 28% in 2019 to about 38% in 2020, driven by skin- care and fragrance. It is used by Government, the Bank of England, the banks, trade bodies and academics. Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC")for the fiscal year ended December 31, 2019 and in Exhibit 99.2 to our Current Report on Form 6-K filed with the SEC on April 27, 2020, as such . Luxury Report 2021: From Surging Recovery to Elegant Advance ... - bain.com The global luxury goods market is expected to increase from US$309.6 billion in 2021 to US$382.6 billion in 2025 at a CAGR of 5.4%. PDF LUXURY MARKET REPORT MAY 2022 - Luxury Home Marketing Bain & Company Luxury Study underlines rapid growth of online sales and ... Global Risk 2021: Building a Stronger, Healthier Bank. 5. Kentucky Derby rides alongside strong luxury presence. January 21, 2022 - By TFL Image: The RealReal Soaring demand for secondhand luxury goods was one of the key trends that Bain & Co. analysts highlighted in 2021, with the management consulting firm valuing the luxury resale segment at €33 billion ($37.45 billion) as of the close of the year. Diamonds.net - Bain: Luxury to Rebound Earlier Than Expected Bain Updated Luxury Report: Market Size Down 23%, Recovery end 2022 ... Bain estimates that growth will continue at a 4%-5% compound annual rate over the next three years (at constant exchange rates), with the market for personal luxury goods reaching €295-€305 billion by 2020. Advanced search. The Wealth Report 2022 | Knight Frank The Sun Is Setting on Traditional Banking. Altagamma Luxury Report Pdf Online luxury sales are expected to triple as a proportion of the total global luxury market sales by 2025, reaching $91 billion USD. China: share of luxury consumers by age 2021 - Statista Altagamma - Bain Luxury Market Monitor 2021.pdf Created Date: 11/11/2021 4:19:35 PM . Up to now, the economy has coped relatively well from the…. VIRTUALIZATION OF LUXURY A BOOMING TREND, DRIVING NEW POTENTIAL REVENUES STREAMS Virtualization of luxury is an increasingly defined reality that can pose great opportunity of additional revenues stream for the brands. Double-digit growth in luxury sector likely in 2022 [Photo/IC] China's personal luxury sector is likely to enjoy low double-digit growth in 2022 after the market nearly doubled in size over the past two years, according to a latest projection by consultancy Bain & Co. MILAN, Nov. 11, 2021 /PRNewswire/ -- The personal luxury goods industry has come roaring back, experiencing a V-shaped recovery in 2021. . Each has its strengths and weaknesses, and each provides a different look into how top quality consulting presentations get created and delivered to clients. 2021 State of The Cruise Industry Outlook - Clia China and world GDP growth forecasts are based on base case, a combination forecast with most recent data, global institut e reports and BCG analysis. PDF COVID-19 A New World for Airports - The Moodie Davitt Report (M) Size (B€) Total Luxury Consumers This increased activity aligns with the expansion in luxury resale. We developed the Index to empower global brands and investors to effortlessly identify revenue-generating opportunities driven by Chinese luxury consumer demand. PDF 2021 European E-commerce Report China's GDP growth expected to be +2% in 2020 vs.-4% for world 1 1. USD 1,210. A few key takeaways: - For Q4, Bain expects the signs of recovery to continue, to a -10% y-o-y drop, worst case -20%, best case -5% - Bain expects a return to 2019 levels not sooner than end 2022, early 2023 with partial recovery in 2021 - Mainland China is the only region to end year positively to €44bn, +45% 17 May 2021. 2019 €39K+ Average spend 12,000+ •2,000 in China •2,000 in US Market Research on the Luxury Goods Industry - Euromonitor Bain, Altagamma Forecast Rapid Luxury Rebound | BoF PDF True-Luxury Global Consumer Insight Summary of the BCG-Altagamma 2021 Study The report noted that the collapse in global tourism has changed "how, when and why" luxury is purchased. - Outside first-tier cities, what are the potential cities with the highest enthusiasm for luxury goods? This report is a joint effort between Bain & Company and AWDC. Luxury sales could return to 2019 levels as soon as this year after contracting for the first time in more than a decade in 2020, consultancy Bain and Italian luxury industry association Altagamma said in their closely watched industry forecast published Monday. The access to the reports is reserved to Altagamma Companies. Source: Bain Altagamma Luxury Goods Worldwide Market Study, Spring 2020 - May 7th, 2020. Luxury market rebounds in 2021, set to return to historic growth trajectory, Press release, Bain & Co, November 2021. Analysis of financial performance and operations for fiscal years ended through 31 December 2020 using company annual reports, industry estimates and other sources. The global luxury handbag market was valued over US$ 20.9 Bn in 2020; It is estimated to expand at a CAGR of 5.9% from 2021 to 2031; The global luxury handbag market is expected to exceed the value of US$ 35.4 Bn by the end of 2031; Analysts' Viewpoint on Luxury Handbag Market Scenario. World Wealth Report Abstracts are available in the press releases area. % While the outlook for this year remains uncertain, in a bullish . the most to the market's growth: some %, to account for 50% of the . In our analysis, we want to look at what's next for the industry instead of providing a . Consumer: Luxury Market - Research Guides at New York University Tmall's Luxury Pavilion, an app-within-an-app currently home to more than 200 luxury brand flagships, saw sales jump 159 percent year-on-year the January to March 2021 period, according to statistics provided by Tmall to local Chinese media. Bain estimates that the secondhand luxury market soared to €33 billion in 2021, driven by surging demand and an increasingly competitive offer. Luxury Retail: How Digital is Transforming High-End Shopping in 2018 China is on track to become the biggest luxury market by 2025, as wealthy Chinese consumers travel less and splurge more on their home turf, a Bain report said. Image: Pexels. Urbanization, digitalization, and increase in popularity of online . The past year has shown us that technology is a lifeline for economies, governments, companies, and people. Estimated . 3 Bain-Altagamma 2019 . The report and supporting data is made available to all interested parties as a basis for decision making and strategy setting. Ecommerce in China held steady in 2020 but did not boom as much as we initially thought. PDF Executive Perspectives JANUARY 2021 - BCG . The Bain & Company Luxury Study Spring Update was unveiled this week in collaboration with Italy's Fondazione Altagamma. Rankings Reports Soft Power Request a Valuation Research. It also predicts that the country will contribute 41 percent of global luxury consumption by 2025 — a big jump up from 33 percent in 2018. . Nov 16, 2021. The authors extend their gratitude to all those who contributed to it, especially to the global Bain team, including Viktor Subbotin, Egor Fetisov, Arina Lapina, Anton Matalygin, Julia Gavrilova, Masha Shiroyan, and Bain's Mining and Luxury Goods practices.
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