Luxury Market Trends Across the Globe
The global luxury market is expected to be less affected by the recession in 2023, with top-end consumers driving growth. The market is set to increase from 40 crore in 2022 to 50 crore by 2030, with China and India emerging as key players. Future trends include the rise of female buyers, a focus on brick-and-mortar stores, affordable luxury, and cultural sensitivity.
April 10, 2023