Global Market Trends and Luxury Industry Insights

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What is the current trend in Europe's recovery from the economic downturn?

Recovery is dependent on international tourism

Recovery is stagnant due to lack of local demand

Recovery is slow due to the ongoing war

Recovery is on track to reach 2019 levels one year ahead of expectations (correct)

What is the impact of the Russia-Ukraine conflict on European markets?

Only local markets are affected (correct)

Global markets are significantly affected

Markets are unaffected by the conflict

The impact is only on luxury brands

How is the ongoing pandemic affecting Chinese spending?

It has crushed consumer appetite for luxury goods

It has led to a significant increase in spending

It has led to a temporary decrease in spending (correct)

It has had no impact on spending

What is the characteristic of the customer base in the US?

Multicultural, increasingly ethnic, younger and wealthier Signup and view all the answers

What is the expected timeline for China's recovery?

Beginning of 2023 Signup and view all the answers

What is the status of South Korea in the luxury market?

It is replacing Japan as a major player Signup and view all the answers

What is the projected growth rate of the personal luxury goods market from 1996 to 2019?

+6% Signup and view all the answers

What is the shape of the rebound experienced by the personal luxury goods market in 2021?

V-shaped Signup and view all the answers

What is the source of the data regarding the outbreak of the Covid-19 and consequential lockdown across countries?

Available data as of June 15, 2022 Signup and view all the answers

What is the timeframe for which the market estimates and macrotrends are provided in the document?

Full year 2022 Signup and view all the answers

What is the number of expert interviews conducted by Bain to gather insights for the market study?

100+ Signup and view all the answers

What is the expected growth pace for the personal luxury goods market in the optimistic scenario in 2022?

+17/19% vs. 2021 Signup and view all the answers

What are the two scenarios that are not considered in the market study's estimates and macrotrends?

Disruptive changes in Covid-19 status quo and broadening of the Russia-Ukraine conflict to other countries Signup and view all the answers

What is the main factor that might reduce the growth pace in the luxury goods market in 2022, according to the slower pace scenario?

Slow China recovery Signup and view all the answers

What is the expected growth trend for China, Europe, and the Americas in the optimistic scenario?

Sustained growth throughout the year, with no slowdown in consumer confidence Signup and view all the answers

What is the main assumption underlying the optimistic scenario for the luxury goods market in 2022?

A continued growth path, with a rebalanced 'forces' across geographies Signup and view all the answers

What is the expected growth pace for the personal luxury goods market in the slower pace scenario in 2022?

+4/8% vs. 2021 Signup and view all the answers

Global Market Trends and Luxury Industry Insights

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