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Luxury goods worldwide market study : The rise of the borderless consumer

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Luxury goods worldwide market study : The rise of the borderless consumer

The overall luxury industry comprises nine segments in total, one of which is personal luxury goods. Factoring all segments, the overall luxury market exceeded €850 billion in 2014, showing healthy growth of 7% overall, driven primarily by luxury cars (10%) and luxury hospitality (9%).

Bain research finds that international travel and tourism is fueling an appetite for 360-degree luxury experiences, such as high-end transportation, that includes highly customized “super cars” and yachts, as well as luxury hotels and cruises.

Source : Bain & Company

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Keywords : Bain & Company