Unveiling the Luxe Future: Luxury Goods Market Soars with 5.20% CAGR to USD 455.29 Billion by 2032 – iCrowdNewswire
In 2022, the luxury goods market was estimated to be worth USD 288.5 billion. Over the projection period (2023 – 2032), the Luxury Goods market industry is expected to increase at a compound annual growth rate (CAGR) of 5.20 percent, from USD 303.5 billion in 2023 to USD 455.29 billion by 2032. Propensity for sustainable products and an aging population are the main factors propelling the market’s expansion.
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