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
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.