The Future of Luxury: Consumption Predictions by Sectors (2025-2030)

The luxury market has undergone continuous transformation, reaching a value of $1 trillion USD in 2022. As we move forward, it is anticipated that this market will experience significant evolutions, marked by sustainability, technology, and personalisation.

Between 2025-2030, the luxury market, with a projection of steady growth across all sectors, will be a testament to social and value transformations. The convergence of tradition, innovation, ethics, and sustainability will dictate the future of luxury products and services, reflecting and responding to the demands of a new generation of conscious and demanding consumers.

By sectors

1. Fashion and Accessories

Luxury fashion is projected to grow by 5% annually until 2030. Sustainability and ethics will lead the way, with haute couture brands investing in eco-conscious practices and the use of sustainable materials, reflecting the growing consumer demand for responsible products.

2. Luxury Automobiles

By 2030, the luxury electric car sector is expected to grow by 12% annually. The demand for customised and connected vehicles will drive innovations, meeting consumer expectations for unique driving experiences and premium connected services.

3. Jewellery and Watchmaking

Luxury jewellery and watchmaking are anticipated to see a 6% annual growth towards 2030. The merger of artisanal techniques and advanced technologies will give rise to unique pieces, and transparency in material sourcing will be a crucial factor.

4. Luxury Real Estate

The luxury real estate market is set to grow approximately 8% annually. Remote work will continue to influence the demand for properties with multifunctional and technologically advanced spaces, and sustainable design will be imperative in the development of new properties.

5. Luxury Travel and Tourism

The luxury travel and tourism sector project a 10% annual growth until 2030. Exclusive and personalised travel experiences, and emerging sustainable destinations will gain prominence, meeting the expectations of travellers conscious of climate impact.

6. Luxury Gastronomy

Haute cuisine will see a 7% annual growth, with sustainability and food ethics at the centre of culinary innovation. Luxury restaurants will continue to explore innovative culinary techniques and will focus on providing unique and responsible dining experiences.

7. Luxury Technology

Luxury technology is estimated to grow at an impressive 15% annually. Premium devices and exclusive services will set the trend, with consumers seeking products that combine advanced functionality with exceptional design and personalisation.