According to the spring edition of the 2019 global luxury industry research report, the global luxury market has undergone new changes after the rapid growth in 2017 and 2018, which is commonly known as the “turning point”.led robot suit,led dresses,led skirt,sexy led costumes.
According to the spring edition of the 2019 global luxury industry research report, the global luxury market has undergone new changes, commonly known as the “turning point”, after continuous rapid growth in 2017 and 2018.led light up tutu,tutu skirt,tron dance costumes.
In 2018, global luxury sales grew 6 percent to 260 billion euros, while 2019 is expected to grow 4 percent to 6 percent, ranging from 271 billion euros to 276 billion euros.
Although the overall growth of global luxury goods declined, only the Chinese market did not decline, which is still the focus of luxury brands.Bain, the Italian luxury-goods industry association, says the main drivers of growth are consumers in mainland China and tourism in Europe.
However, the major consumer group in China is the millennial generation, which refers to the consumers aged 23 to 38 years old. They have strong consumption power and willingness to consume.The main reason is that women have a strong consumption power. According to statistics, cosmetics, a traditional category of women, increased by more than 25% in 2018.
“New power brands will play a very important role in the luxury industry. They will face big brands and use innovative methods that go beyond the products themselves and affect every aspect of the industry to facilitate the transformation of consumption patterns and form a more direct and frequent dialogue with consumers.”Bruno said.
Post time: Aug-02-2019