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April 11, 2026
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Research

Gens Y, Z drove entirety of global growth in personal luxury goods sales this year: Bain

November 16, 2022

Louis Vuitton Emma Chamberlain and Charli D’Amelio Global luxury goods markets are projected to hit $1.45 trillion in sales this year, as younger generations drive growth. Gen Zers Emma Chamberlain and Charli D’Amelio pictured above. Image credit: Louis Vuitton

 

By Amirah Keaton

A new report from Bain & Company and Italian luxury lobby Altagamma projects the overall global luxury goods industry will hit $1.45 trillion in sales revenue this year, while the personal luxury goods sector itself is predicted to reach $365 billion in 2022.

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  1. Chandon launches ready-to-serve spritz collection
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