The global luxury market is expected to grow 2% to 4% annually through 2027, with leather goods leading at 4% to 6% .

The luxury industry is recalibrating after a post-pandemic boom, facing economic headwinds like inflation and shifting consumer priorities.

Louis Vuitton remains the most valuable brand, while LVMH dominates the overall fashion and leather goods market share. 🛍️ Strategic Shopping Channels

Middle-tier shoppers ($3,500–$11,500 annual spend) are pulling back due to aggressive price hikes.

Buying designer goods now happens across three primary "lifecycle" stages: State of Fashion report archive (2017-2024) - McKinsey

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The global luxury market is expected to grow 2% to 4% annually through 2027, with leather goods leading at 4% to 6% .

The luxury industry is recalibrating after a post-pandemic boom, facing economic headwinds like inflation and shifting consumer priorities.

Louis Vuitton remains the most valuable brand, while LVMH dominates the overall fashion and leather goods market share. 🛍️ Strategic Shopping Channels

Middle-tier shoppers ($3,500–$11,500 annual spend) are pulling back due to aggressive price hikes.

Buying designer goods now happens across three primary "lifecycle" stages: State of Fashion report archive (2017-2024) - McKinsey