Luxury Meets Technology – AI and Virtual Reality Redefining Premium Consumer Experience
The Luxury Goods market was valued at USD 274.2 billion in 2023 and is projected to grow to USD 388.4 billion by 2030, with a compound annual growth rate (CAGR) of 5.1% from 2024 to 2030. The luxury goods market is currently being influenced by changing consumer preferences and economic factors. There is a growing demand for sustainable and ethically produced items, leading brands to prioritize eco-friendly practices and transparency.
Pune, Maharashtra, India, 23rd Jun 2025 – The luxury goods market is experiencing a dramatic transformation among Gen Z, driven by their emphasis on values, authenticity, and digital experiences. This generation prioritizes sustainability and ethical practices, gravitating towards brands that demonstrate environmental responsibility and social impact. Tradit...