E&M

2023/3

Claudia D’Arpizio Federica Levato

A Growing Market Despite Uncertainties

The global luxury market is constantly growing, despite uncertain economic and consumption conditions. Even in the current context, the industry remains well-positioned for further expansion until 2030. The global luxury goods industry is expected to reach a market value of around 1,400 billion euros this year, with young individuals from Generations Y and Z driving incremental trends.

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