WebMar 18, 2024 · Chinese consumers made 27% of their luxury purchases in China in 2024, up from 23% in 2015, and we anticipate that this share will increase to 50% by 2025 (see Figure 2). But this doesn’t mean that … WebApr 9, 2024 · Luxury China gives readers-particularly professionals in advertising, marketing, and the luxury brands industry-a deep look into the future of the Chinese …
Chinese consumers opening their wallets for luxury goods
http://www.doczj.com/doc/e813536726.html WebAug 25, 2024 · According to consultancy Bain & Company, consumers in Mainland China will account for the largest share of luxury spending globally by 2025. The Chinese cluster already represents 46 per cent of the personal luxury goods sector, according to recent estimates by financial services firm Jefferies. The Covid-19 pandemic has further … fnf rewind download
China’s Unstoppable 2024 Luxury Market Bain & Company
WebDec 20, 2024 · The prompt 2024 rebound suggests that growth will be healthy for the personal luxury goods market in the medium term. We expect the sales recovery to continue over the next four years, with the personal luxury goods market reverting to annual growth rates between 6% and 8% until 2025. The crisis marks a turning point for … WebDec 16, 2024 · The growth will almost double mainland China’s overall share of the global industry from 11% last year to 20% in 2024, the firms said. “Mainland China is the only major luxury market to grow ... WebDec 16, 2024 · Mainland China’s luxury goods market will likely achieve 48% growth in 2024, reaching nearly RMB 346 billion. A decrease in … greenville county sc property tax estimator