The US firm, which specializes in luxury goods, has severely downgraded its forecasts for the sector in 2025. It now expects a decline of 2% to 5%, whereas at the end of last year it was predicting stagnation or even growth of up to 2%. Post-pandemic price inflation and the trade war have dashed high hopes…
The sky is darkening for the luxury market.
Bain & Company, an expert in the sector, is much more pessimistic about its immediate future than it was at the end of 2024… In a new report published on May 14,the US consulting firm has sharply revised down its forecasts for global sales of personal luxury goods for 2025.
While it was still forecasting growth of between 0 and 4% last November, Bain now expects a decline of 2 to 5% in 2025.
A more significant drop after the slight decline in 2024
This would be an even greater decline than in 2024, when the sector slowed by 1%.
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Read also > 23rd Bain x Altagamma study: the personal luxury goods market has shrunk in 2024
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