Research
November 16, 2022
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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wtH2lIiqGIjrtay8k+LFzzkB5\/KZMh5iCEBu+cdZDZq19tdzXEvFYH3K5HFG3u4W8aYZn3Pm6t0XEoSneZwaC6jkCYnruLL97iMGNfdCuEH5Jc+82Lt5jinVly7z918PK\/UIkYlEIJfeAOKR6mQO\/OxjX673I7YIu3+G4l9e43iRS0Gg3\/pwu9FaKrlOKgEPaKCcPqPY8w0u1XAR2Zol5p2un4UYMYQuvMKJwqavpngtl3M2L505Ubqakz5tbOH9nrYKbI862Q8tU0S59cLQFR8MugRLKJ9YZz3jH6lHFgLO2RgyRy\/\/NsjUJukOnlisTRT5sBhzeVvnfnzp9u3vE+Grj1awBnMab77jSHUiNxMjXuH2hAyPL24AzGdT3WvsiS\/471JiBP5YwfNKJHJJrihAjfxXjIly32l4w2gEumYhCUexGLO1K\/kRnFRoOAjQWUMu+zyB6BotisAsmZxw2xU8o6Y2aksLJgktguG2gHScav6dX5Nu20zhzWkFDNf+lNjn2mxTrisPb3ztJrM+tzrLhX3WJRtSIUBr\/06TrRdzQXKfGnfjFTXCDrjyNE7rAQbsAOEJlHaxfD1SvP2n8OGLMBunIEK7NV2wthvsnkjkrfCcqWz3QmU9djO83\/iwj71dPGdwDAHqgeT5RlGXt8pDIOSgSbFTqEZuxak7M\/chFMKczgyBZ94ALloOC94nkP0sMlnr6tBR9btXoLc0s5JBv5+fwdtDco3Mni0Xrp1SzSqo1dGMVsI1ugD0ObZbZ64QX62yjP8ddbKb3ilzVz7pcFcEFK6nySSzJGPgTp8KoHFAGHrIWi49d2g+txnN4mmntB1k4VkJj6w\/JFutebQugmF+fpP5d\/2KcfA8ml2KWP++bT78QUhZqBaH\/+kuQzBpH1k9ZG1JhKQWQ10P34YMccQRuo2ZL\/rKxRSaz9H5gqdAkNafAm1jc3TtsjVVs+23SXiFXC1BmDoTLX0V3z79BDm91yJIM3FCztZqT39zQOprHICvH5gjsp2FiBh43iwtMiXwG5PsJibLANZ41IbTU9lzHFS9UdDtD8SmnSnqPo23Cive2IMvQ8SGXmg\/\/LsornXoYytYPx7jJ0MfJYMArpcik+Ba3s2Osyx9phc\/bUjxwG7uXQh7dZKi+7hPo\/gZjXjL7escWW0SEa14O4h+t9Ruu+lYukJy9jMIfbaGyVrhQLUNG7CidTED4uuOTrZowS5QEvGbt0TXMfh\/FN9vNRJgXnxRx+JMET0pPLu6MLnnGSfvetAIRA3aSa0quVoLoUZ+hj4S3ERHccfvLbelt44M57V2MqjsJk3JpFQkGUolQ9amM\/uNiFnAYo+9jGLPL95bRYS0\/GshAOSbEYand4xRTsMzwnILsBhe21jLPTnZCfOvBtHz6UX0TuU45lkl3WwFiIkcndCbgWd1ZijAN4k\/0NvH1clbFW7TmEj9DKl0GJlhDH4T6fqICmNhz9s8HKEdkWC4XwddDtEY66Sw7ODZGW07f+gwUxxaylB+9343fppWzw1iQXgz2TOrogifxI8TQchiaOHi5gEBia4vZM49gnyxUR9ntTIfzRrMUspbi5y4S+VPm8PtWhLbe7gEcSr6U6De20z\/gQJyDkA+RY+ggbyBZf4nHnP9D+rWHSU+tsIBwhR4laNeaAk0UzFqPKJtUL1Gil3r7KaHmrs9Bw+\/U39fQ0Q0bliXPuU8qXyRXI7qBPhUCjc3unGyreiZFZuIUrjLmG38pPtTW4JAkWdrel8CQTZ3wsg2qRBTi+uW0wiobobkmI4neCtiN\/VJiD\/T2W5W9x95i2MSPslcFvt43lqhKJ6da4RsH+4MDeNbj87l1pCc9nT+dzz0nGDZ8b5eDZKtx9oXOpgyN06TJdm0f9kArmOcm0Goc6oHAGLwkVz9ql4vxeH9x6trdx78c+i8v7NvqxD8aqVmfct0BecQAjnc4B0vlWPJ9\/vcP3PsAMbNc9Kn6RwTL3hmDo92KL3083NjJ4Gkjx+WRQwQLhjvAW67K4bFJvQZ1oX1hOo+3hgK+EkTaDkK6nAOLyRD2uQ1cBG0sv71thsVrvK35rv7u3HJ5PdFifWtgUo95IDYhzdUnynHB5is0DIXhcckK176D9qQWiuzFY3LOARcipSTZzPclSYdXEByrc8WBBWQLA9c46yJOJOsCbI\/AWxszZWt4xat4ERytNTMG5KdtfMVDQGISphrCIgFF2Z4nKLwsY7QaD\/Y20KDqc8EHUwrOop3Q6V\/vjVW03\/HW0iZx1WpqmL+3+GLJMQi6UBHxYrVi705PvNtTm\/n9vGElwm6io5fzEREPJnGbLOmMBfNPlMOm6gFjraxhybjM6dynPl\/2UhFALGB2tAy0J7MT\/nE\/fGzweLUXXGSVkcLm+AqmD+jCPpbr\/DMaOlTFhYsWc0vFylsvNShVWuaLPDZtkR9sKB3VZT7MBuM+VcCJ35nIgcXVr8\/nxrb3O9XAdqW8\/oOXJumDIThDjgymZfrQMFFGO6\/Y3uE7QHIopjB7fhk\/oL2uozTG2YZLhBDdlv9VoE2+NoMwRz1whmMXkTQrm6mJjIeHsxRnfEax4oiyRl4BxRtsU+jyZyg3TkdWXWrys1yQ567NDMd6glgXNYgbsk8eMaPmgaAjssx4TjQopg3iP4lDgstUwlYs6saSz2XAPj9QU2kN\/3KOxsx45jmZLWT6rtzg5MYLq+WP5aTDUM7y+\/cSXcocGqga7xKENfYHd7Lwdctt4c\/o89gF8aCoRj6i+s7ojrX9FyT\/XytzXykgxqJHcNq\/fb5niWswEmlHha6NQ1qEQK63IaAzvyxOtWGCE5ppFocjOzfX7pS9Wiw9ftMrGkzNeYGei4\/B7FRdMDsYgm+K2LfKc2kuZTmJVhCibcacsRs9E4WdLonvI5lxbaKnlz1\/GMQw73ktMESCwktCZnRVxN6GyybDHxbivcCgdIecMsDETzbmSyyCTTImvp2K5j+F\/2ZS87Ay4Id8LttX9GTTpT9Y2m66usA9jcbgHcA9EKhX2DRdIhMUDMAunDpBbRT159bYW7PYc907nW5f8PpRxhAuBY7bCT2TlSNSo3Z3FKCsLzJVG+45aAdjrieotEMAZx8j3KtT0+VAH\/7d8Y4pPp6KcL+3\/eFGfUXC8cma9QphA3DRE+WNSYbCyBcCjxJmW1VhQHFtgRF2NBiEO05ECbk0joBSCH8mnkDNPeMgYDzQhC5wu3iHFD7NXulDup\/FlQknEtuIGa\/2vJVc8j8NHSPr8TT\/avZrqmAFpW8IsnP12ZnCrNE7A7thruaD0zD4d\/1b0F2cohPlpXDitKte3sCy9BsmQF81CG\/bZieOMy1c0CA2rpGZ\/Nkm86qIonu8e56z0w\/18UH4IK1rydzej8tmXlYh2CXlx9OTjMJYa1qoFs5i+2rt0l+Qfo4p5nwYwFfsWjWAVnLlTLC7s+Y\/84zhLRfuKtkd4LBgxo01Xvm803Lia4nUVEVdWHVD4jrzaQZ8jxlO35MeXbOmPXUeEFLmjJy0bY5Dxye+NXFdbXCyNmrxhMUOesZgfM8e0VjARisd3skqKEpNtfgsaU+zkHEStfbhABIqx7oYn3jCpYg3bp9QvbJyA4Tnv9wNHo3tuJBzGQqDbW4zPEkizn\/CPReFTsMMwODC3HiXoZsdj1Al1fDVOOQ\/asUsC4VVVi4wd+hAoXfnn43YjnkkE8qfyW7EOGW22a91sgTVc55yKBUlWGGVTX25FkhXAEXvF8wBRE\/pdAxphZfJdXi\/XxE0C4gIVVzdtH4SHoiP+uxkqw6rb1OWonfhlen4vfAhObGcEO46cdalyK605UmZayd86Ti2AIioGO1EmwqV6lmo8bPWE3GWTYyNRB3nYl9RLHPLkcQHSCEqC1yKsEShPtSioWhSpNM\/HKu1gYqTwT7z9NXwhnusk4794jn6BWE5m7odcvqCs8dRDJTO8lsqbxp9RrZNZTPXo0ERoZihCwLf\/LMBfViSO\/P\/b1gn4vEAMscQjnNsJWya48y5DKahjvMrXulwvXSXl\/pgpkqLxKvbYKLAA9tRajn0t03DgFJ0AC7wfjLCJGh2YmuCKngAGP43qxWogm73Pf6\/e6ysSW0DEhmJsjb7RdJeSS1yy7z7AzXlwjyp8ahbRXY8LkZL0vjTf\/yFqcXL04Us15XxNddGZM\/BCIW5LDSvezSJKKf3tf27jayot\/MtH2DSa8e\/MTHXbw2QAFYfE0JRFFKsqjTIr6Rkq7nRw\/vmBjtcXLjrcfw2xYId4ZuzbK7ftslag09cDQ4Kq6ybPq6g\/CQX51wLK\/rg4CHF2rxNMdPwC0T2BiZmEaZ\/WvFU5FDbsQttQJ7W4otQ9gTFu824hY9taXNA4m+EEM1Tx7ENHIwtODCO+4jhvBMVJdYqgGw\/Gwz9\/OazMCwnhDR2jYjGLcNKa+Mk0OIq739COWDbdV4tdBx0XbMw4BBoouzMaz+eGnVqlMpcptzJ0DwmigMdSOZ+ZslR9v8egKOKnhXRGmJwgMyEFaQetyiH6ceeYRKVVJh9FEbC80Gyc6\/lOh3zMdvl8O3y45JpsCV42hyGS5s2lJFkTZYndqELAlbCuEj9F3Ic6zQVYrsrjmTBemyGhW8vPosK27vNvT3bx3z5\/91if7J7BrP8Ium59NbVZRr24EfYw2vycs5Ig0Sw7zIEl\/IltKKgezjb0ifzkHLE8qokrixF65CFTm3Ng2l8JE1p20TnZIFAbYZyGseA1lReD613SFKEyI2ICVhRvw2x4r9F5HD8pvxCHvuV9GoIRiDD9uXgiRwDBljNecn6omM48enfZbTploWY11MEjFUaHu7ivFi0pDstoTDKYN8P6U1p8GxBEuV1C0rwLdmRirW9l13Dd+e\/Rj2i3cUZKapeD99d4Gbi9T3Dx+MwrgDwga2cCwl2CAFpL6dt5CHWVrjFCBXn0QRmYaet8Uis19mVjVTIadtWSbjo0xOcV1E6eBA2s4bBMnIJcWothwp6ta5CvPkmvAtnNzlzCvUrsmVUXmfCaUXTuFEV+okOUyzey\/TelUPAYZTTjsD\/\/nl+Rgc9aqgNCc7P86drQcEfwXa+GKCIbRRvjkAhzlqI9tT6Jul5ZLnbFEpQddA2npPKWx270fNlldI+gnoKQIN6wa1FVVIcx+U\/tosDXvfLD5WuT1W9V6J4AXAeL2g12b+0cC2zemF2HKBoevGywqXn1kd96vbJZPUZFPk2\/6vFkfQeMohTnJ2c2Fv5ZX0D6PvOBVSqiS9KoyeuLxJ13aEr7+3pyZAGt4IvwFO\/T4N1Svkz1SGzc7bfHWeOycoeXxetxQrVbznyaa8QeW+sFBFsx5wu7\/7dTFPthk2aqV7x7YnHJv832obrC3PFQz44w8piO2nza\/bBeHSPz3koEjqS37CHk1XsrLFdzs1z\/WzuXzRXCJP9GNTl\/vhs83dwLZiwoAMCjh0e84kCDDXQhOEXHL9TJDLjTQdp6ceWXNqA6dnyuxBWA8Zp3PmWLiHGrEvXtwSRWgNYthf7wjbbfNnXwR8aMHFVQbK95HTxhbgzOsNDPsOpdV964bGSiHOtVluMfLKOb9S1AaZlMH4bPcfIbO9cL\/f7HYldTburvKMrQ9qK+7VTRQ7jJ5+8QNv2hJ4rYwJlQpIz1hVDKaOo8MKFRO6IrMJfJtKMe4ktdyllHepqd+k\/rDnHD4P0AEaH+zidDnegtHcyIPmZJaLH1AHsG\/0WFYTrbKmH+K56SP2X4f26qQxcT5\/ZY0Or+3x\/pqnSB5AwB+EY4IHBD0nyL1JVpGxgwS68Lr\/anmJnBnCZ1e7K4aQgmW\/BittI3xsoklbqEdTJtMil2+6JeH4Am31heWBrFSI9ygtd0aRI7SfE7q40TpgpA1EUyU6jyS6qjEkj3d7zdXbbzL8\/TN1PJohK+wAsZb9Mwb9YulrM+D\/DqnXg7h4NRUvpSWF14B05taequ7ooosJydx0+qoWFXbaSv4PB9s8bvLEm5qq8nPC18J5P8IhQrEwmujfVzRG8IOakJBEcNa0tti+8WGt3NOTs6XNoLpNY+\/9bO2pJC0WSNgBCrCEiDJIj\/H+5Y1BmRRz3E0GaMcweK8s+\/YrVcmQkTxa+EoLqNXUabP599W0QwaFsaT06Oxo8IBRPF8HrQS\/Paj54U4OWq+Kwkfzi4\/\/oB8\/t+ZFXpwsRKajMljDCll1uD+MQJJ0+XFABeK2j2YCmY1hOWyLQsL8wZqBrwSsjNSqC95jBwHZdyuJhPPowqnKCY6IypRco7RpcWSxny0iwBccrDg\/I2tVMpRSMYM8s0bDhFlGdvTqQi1nranRPFQN54zkNQa+1874Pny2zKwF3HW3SnKtEL\/22Q9NShzeYTb4UQpCDg9IoL\/0GmL7jXQUqq7+1HdEixiM1OBOW1qzhBbZAiPGV+PBWaf5leQbh4+1u1r+Ruu7YaaHxLT+lcN89ibj+WVzf4cq9r6uVuR7g9ysAeOjiXuzuKzPCFtw7+Vu1p+O8kuu7dQvAIyodzkiMsJ9xyQqm0sm+WpP4A9yNQ=","iv":"f1e73fc6cd695728e9b779430d3d4bb3","s":"2fad948253163568"}
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