Global Market Trends and Luxury Industry Insights
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Questions and Answers

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?

    <p>Multicultural, increasingly ethnic, younger and wealthier</p> Signup and view all the answers

    What is the expected timeline for China's recovery?

    <p>Beginning of 2023</p> Signup and view all the answers

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

    <p>It is replacing Japan as a major player</p> Signup and view all the answers

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

    <p>+6%</p> Signup and view all the answers

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

    <p>V-shaped</p> 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?

    <p>Available data as of June 15, 2022</p> Signup and view all the answers

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

    <p>Full year 2022</p> Signup and view all the answers

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

    <p>100+</p> Signup and view all the answers

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

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

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

    <p>Disruptive changes in Covid-19 status quo and broadening of the Russia-Ukraine conflict to other countries</p> 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?

    <p>Slow China recovery</p> Signup and view all the answers

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

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

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

    <p>A continued growth path, with a rebalanced 'forces' across geographies</p> 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?

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

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