Charting the Rise and Fall of the Global Luxury Goods Market

Charting the Rise and Fall of the Global Luxury Goods Market

Over decades, global demand over personal luxury goods has gradually risen, resulting in an industry worth $308 billion in 2019. Nevertheless, the arrival of COVID-19 abruptly disrupted consumers' insatiable appetite to own nice items, and analysts expect a drastic contraction of up to one-third of this year's current luxury good market size.

Charting the Rise and Fall of the Global Luxury Goods Market

infographic by: www.visualcapitalist.com

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