China luxury market to grow 20|30pc this year

Exploring China's Luxury Market: Emerging Trends and Prospects

As of 2023, China's luxury market reached approximately RMB 449 billion, reflecting a 12 percent year-on-year growth after recovering from the ...

China's luxury market expected to grow at mid-single-digit in 2024

Fashion and Lifestyle and Jewelry led the strong recovery with growth rates ranging from 15% to 20%. Leather Goods grew at 10%-15% as consumers ...

China luxury market to grow 20-30pc this year: BCG-Tencent

“The luxury market in China was the first to recover from the impact of COVID-19, and is seeing an increasing rebound in local consumption and ...

China's luxury market loses shine as Bain study shows spending ...

According to the study, China's sales of personal luxury goods are expected to be around €45 billion (US$47.69 billion) this year, down 20 to 22 ...

Report on the Luxury Market in China: A $178 Billion Opportunity in ...

Cities like Chengdu, Hangzhou, and Shenzhen have seen luxury consumption grow by 20-30% annually. Economic development in these areas has ...

2023 China Luxury Goods Market: A Year of Recovery and Transition

Fashion and lifestyle, leather goods, and jewelry also rebounded nicely, with growth rates ranging from 10% to 20%. However, the leather goods ...

China's Luxury Market Set for Modest Growth in 2024 | USLUX

This figure is projected to fall to around 70% this year as more Chinese consumers are able to travel abroad, Bain says. Chinese luxury spending ...

Strategic Insights into China's 2024 Luxury Market

Deloitte's "2023 Global Powers of Luxury Goods" report highlights a 20% year-on-year growth among the top 100 luxury brands, signaling a ...

China's luxury market is bouncing back. Analysts say these are new ...

As China's luxury sales rebound, industry analysts and financial releases from major brands point to new growth opportunities versus ...

Online sales revenue of luxury goods China 2019-2023 - Statista

In 2023, China's online luxury market generated 257.4 billion yuan in retail sales revenue. The market has seen rapid growth in the previous years.

How luxury brands are driving growth in the Chinese market on ...

With over 750 million active users, Douyin, TikTok's Chinese counterpart, has become a key growth vehicle for luxury brands in a critical market.

China luxury market to make a comeback in 2023

Looking back, consumer spending in China's luxury market witnessed steady growth in the five years before 2022. Notably, it doubled between ...

China Luxury Market Size, Share & Growth | Report [2032]

It saw a rise of 7.8% from the year 2021. This trend is mostly famous among younger consumers, who are known to value personal growth and life-enhancing ...

Luxury Goods - China | Statista Market Forecast

The Luxury Goods market in China is projected to grow by 7.08% ( ... 2018 was a good year for luxury goods companies, continuing the rebound ...

Chinese Buyers to Boost Luxury Goods Sector - Morgan Stanley

China's reopening is expected to lift luxury goods sales this year and account for 60% of spending growth by 2030.

Luxury Market Confidence Erodes As Demand Weakens In The U.S. ...

And among those minority of Chinese consumer who expect to reduce spending this year over last year, luxury goods are named by 46% on their list ...

China's Luxury Market Set for Moderate Growth | BoF

In the second half of last year, Chinese luxury spending outside the country was still less than half of its pre-pandemic levels, stifled by ...

Report: Mainland China Set to Become World's Largest Personal ...

Mainland China's luxury market is experiencing a period of strong growth amid a global slowdown in the sector this year. The market, which is ...

China's luxury market boomed this year, even as global sales shrank

The growth will almost double mainland China's overall share of the global industry from 11% last year to 20% in 2020, the firms said. “Mainland ...

China's Luxury Market Reached 471 Billion in 2021 - LinkedIn

Bain estimated that China's personal luxury market to grow by 36 ... years, this growth is still very significant for the overall market.