Emerging Forces in Luxury: How Consumer Behavior is Shaping the Exclusive Market Landscape of 2025
As we approach 2025, the luxury market is undergoing a significant transformation. Recent studies reveal that consumer preferences are shifting dramatically. Economic challenges and a growing emphasis on sustainability influence these changes. For instance, a McKinsey report indicates that the luxury sector may face a contraction of 2% to 5% in personal luxury goods consumption.
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