Bain estimates that the secondhand luxury market soared to €33 billion in 2021, driven by surging demand and an increasingly competitive offer. Heritage appeal à la France continues to hold fast. April 2021. . Luxury NFTs could become a $56 billion market by 2030 and could see 'dramatically' increased demand thanks to the metaverse . Domestic spending in the luxury market . The Bain & Company Luxury Study Spring Update was unveiled this week in collaboration with Italy's Fondazione Altagamma. Source: IMF, World Bank, OECD, BCG analysis. After finishing this article, make sure you . The Sun Is Setting on Traditional Banking. A New Era and a New Look for Luxury | BCG Image credit: Louis Vuitton. PDF COVID-19 A New World for Airports - The Moodie Davitt Report Data converted from EUR to USD at an exchange rate of 1.067 (Farfetch 2019 estimate). Luxury Fashion Industry Coronavirus Impact Report | HYPEBEAST Luxury sales could return to 2019 levels as soon as this year after contracting for the first time in more than a decade in 2020, consultancy Bain and Italian luxury industry association Altagamma said in their closely watched industry forecast published Monday. 2020 will go down as a year of massive challenges for the whole of the . Despite the impact of coronavirus disease 2019 (COVID-19) pandemic on demand for luxury goods, the market is expected to rise to $387bn by 2025 (Bain & Co, 2021). 2021 Resale Report, ThredUp, December 2021. DUBLIN--(BUSINESS WIRE)--The "Global Personal Luxury Goods Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.The personal luxury goods market is poised to grow by $ 33 . Altagamma - Bain Luxury Market Monitor 2021.pdf Created Date: 11/11/2021 4:19:35 PM . Through interviews, analysis, and detailed examples, we lay out what it takes to attract and retain these clients and serve them in a competitively sustainable way. PDF The Global Diamond Industry 2020-21 5. The luxury markets are analysed by looking at demand and supply with specific in-depth analysis and forecasts on consumption, consumer profiling, digital, retail and specific product category. Tech. While the outlook for this year remains uncertain, in a bullish .