![The luxury market is entering a new era of conscientious luxury, as opposed to conspicuous luxury that has been the driving force in the luxury market for the last 50 years or more.](https://cache.luxurydaily.com/wp-content/uploads/2021/02/state-of-luxury-2021.png)
This year’s fifth annual State of Luxury report from Luxury Daily, Unity Marketing and The Home Trust International takes a look back at the year that was, but more importantly, looks ahead to what 2021 holds for companies competing in the luxury market.