The outlook for the global market for luxury products and services was presented at the 2025 Altagamma Observatory, the annual event organised by Altagamma, the association of Italy’s top luxury brands, held on November 20 in Milan. The global market for luxury products and services is forecast to be worth approximately €1.440 trillion in 2025, on par with last year, despite economic and geopolitical uncertainty and different performances between sectors. The shift towards experiential consumption will continue, while long-term forecasts remain broadly positive.

The personal luxury goods market is set to perform along the same lines, with a 2025 forecast of €358 billion (down 2% at current exchange rates, but flat at current rates, like the overall market).

Luxury sector estimates for 20

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