Global Fashion & Luxury Private Equity and Investors Survey 2021Key takeaways Business Performance of F&L Industry COVID-19 impact and expected recovery from market's perspective Considering a selected panel of 81 players, operating in the Luxury industry, the global market was valued almost $633bn in 2019 in terms of sales. What the Shanghai lockdown means for luxury. The tone. The past year has shown us that technology is a lifeline for economies, governments, companies, and people. Whilst pent up savings and demand, as well as improved consumer confidence, will help to support recovery, the luxury industry still faces huge challenges, not least as consumers are saving rather than spending and many major economies are still subj . Altagamma Studies | Altagamma 35% 49% 39% 60% Large and Resilient TAM Global Market for Personal Luxury Goods 2019E 2025F $300bn Luxury Purchases Online World Wealth Report The Bain & Company report tracks what the analyst calls a 'historic rebound' in luxury in 2021 Within this, personal luxury goods sales are estimated to have risen by around +29% last year to €283 billion, said Bain & Company, amid a V-shaped recovery from a year earlier. Technology Vision 2021 Experts at Change at a Moment of Truth. PDF True-Luxury Global Consumer Insight Summary of the BCG-Altagamma 2021 Study Similarly, March 2022 saw a 25.16% year-over-year decrease in luxury attached inventory with a 10.22% increase in new inventory. The Sun Is Setting on Traditional Banking. "We . The access to the reports is reserved to Altagamma Companies. 2. 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. • 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. 2018 Markets1 Sixth Ed. Global personal luxury goods market grew 0-1% in Q1 2021: Bain The special 25th anniversary edition of Capgemini's World Wealth Report (WWR) examines the global HNWI population and wealth growth dynamics, shifting digital-era expectations, asset allocation trends, and investor opinions about fees, hybrid advisory services, and existing offerings. 8% 5% 5% 5% 3% 3% 0. Importantly, this also represents a +1% gain compared to 2019. 5. The Luxury Report - Meaning.Global 2021 Description Content Tables. PDF China's Unstoppable 2020 Luxury Market - Bain 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%. Global Wealth 2021: When Clients Take the Lead | BCG In the first quarter of 2021, revenue from luxury products grew up to 1% compared to the same period in 2019, the US management consultancy group said in its Luxury . Image: Pexels. 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. Luxury Report 2021: From Surging Recovery to Elegant Advance ... - bain.com PDF Consumer trends accelerated by the COVID-19 pandemic are sticking. - PwC Nov 16, 2021. Luxury forecast for 2021 - Luxury Tribune 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. PDF Q2 2021 An independent report by BVA BDRC, August 2021 Luxury hotels • Lodging spending at luxury hotels expected to grow at 11%; demand higher but supply constrained - We see an increasing trend of domestic travellers booking luxury hotels for leisure trips - The share of business generated by domestic tourists is 50% for luxury hotels, up from 30% in the last 3 years Budget and mid-market