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Latest Report Of Altagamma, Italian Luxury Brand Association
According to the retail insight report of altagamma retail insight 2021 released by Italian luxury industry association altagamma, it is estimated that the online luxury market will reach 105-115 billion euro by 2025, "accounting for about one third of the personal luxury market, which indicates that the outbreak of online market will continue.", Luca Solca, senior global luxury research analyst at Bernstein, stressed.
In 2015, the online luxury market consumed 17 billion euros. In 2020, the sales of online luxury goods market soared, increasing by 50% compared with that in 2019, reaching 49 billion euro, accounting for 23% of total luxury sales from 12% in 2019.
The report documents the state of the global luxury retail industry and the huge changes it is experiencing.
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