October 2025 - Page 2 of 2

Kim Jones announced as the keynote speaker for the Business of Luxury Summit – Asia Edition 2025

Posted on Oct 13, 2025Oct 13, 2025 by jv@worldluxurychamber.com

The Financial Times is delighted to announce Kim Jones OBE, one of the most influential designers in contemporary fashion, as the keynote speaker at the Business of Luxury Summit – Asia Edition. The Financial Times, in partnership with Nikkei, will host the Business of Luxury Summit – Asia edition at the Four Seasons Hotel in Hong Kong on 20-21 October.

Kim Jones OBE is a globally acclaimed designer known for redefining luxury fashion through his fusion of high couture and street culture. After roles at Louis Vuitton, where his Supreme collaboration made waves, he became Artistic Director of Dior Men in 2018 and later added women’s ready-to-wear and couture at Fendi. Over more than a decade at the helm of the world’s leading maisons, Jones staged landmark shows from Paris to the Pyramids of Giza and cemented his reputation as one of fashion’s most innovative and influential voices.

Hosted in Hong Kong for the first time, the Business of Luxury Summit – Asia edition will convene a network of senior executives from key luxury businesses, entrepreneurs, investors and cultural tastemakers to examine the future trends of luxury and how to unlock growth opportunities across the region. The agenda-setting summit will explore regional investment patterns, demographic shifts, digital innovation and the evolving playbook for luxury brands in Asia.

FT and Nikkei moderators for the event will include Jo Ellison, editor of HTSI; Martin Wolf, chief economics commentator, FT; Mikio Sugeno, chair of the Nikkei editorial board, and Akito Tanaka, editor in chief, Nikkei Asia. The summit’s speaker lineup of global and regional industry leaders includes:

● Ryoji Shoda, Global Head, Onitsuka Tiger

● Benedetto Vigna, Chief Executive Officer, Ferrari

● Cynthia Oh, Executive Visual Director, The Black Label

● Siddhartha Shukla, Deputy CEO, Lanvin

● Masataka Hosoo, President & CEO, Hosoo

● Putri Tanjung, Chief Experience Officer, CT Corp; Director, Transmedia

● Teo Yang, Founder, Teo Yang Studio

● Georgina Wilson, Co-founder, Sunnies Studios

● Kyubum ‘KB” Lee, Creative Director

● Vijay Vaswani, Co-founder & CEO, Omniscope

● Matthew Growdon, President, APAC & Travel Retail Worldwide, The Estée Lauder Companies

● Toby Smith, Deputy Chairman, Swire Hotels

● Masahiro Horie, President, Tokyu Corporation

● Giuseppe Oliveri, Group COO, Central Group

● Kevin Poon, Co-founder, Clot; founder, WOAW and District

● Toshiko Yamazaki, CEO, GINZA SIX Retail Management

● Kate Richdale, Partner, Head of Global Client Solutions Institutional Sales & Family Capital, Asia Pacific, KKR

Special offer for WLCC Members: 20% discount on event attendance tickets

Secure your promo code here: https://worldluxurychamber.com/events/financial-times-business-of-luxury-summit-asia-edition/

About the Financial Times Group

The FT Group, part of Nikkei Inc., includes the Financial Times and a number of other services that provide essential news and analysis for the global business community. The Financial Times is one of the world’s leading news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of 1.5mn, while the wider FT Group has a global paying audience of 3mn across its portfolio of journalism, products and services.

About Nikkei Inc

Nikkei Inc. is a world-renowned media brand for Asian news, respected for quality journalism and for being a trusted provider of business news and information. Founded as a market news provider in Japan in 1876, Nikkei has grown into one of the world’s largest media corporations, with 37 foreign editorial bureaus and approximately 1,500 journalists worldwide. Nikkei acquired the UK-based Financial Times in 2015. Our combined digital and print circulation totals about 2.5 million, and we are continually deploying new technologies to increase our readership.

Luxury in Balance September 2025 by Colibri Real Estate

Posted on Oct 10, 2025Oct 10, 2025 by bh@worldluxurychamber.com

Rather than racing ahead or pulling back, the luxury housing market this September is navigating its path with quiet strength and thoughtful precision. The market is entering a phase marked by thoughtful strategy and subtle shifts in behavior. The “Luxury Market Report – September 2025“, produced by The Institute for Luxury Home Marketing, paints a picture of a sector that is advancing with caution and precision. Across North America, affluent buyers remain active, while sellers are opting for calculated timing. Against a backdrop of easing mortgage rates and evolving lifestyle priorities, the market is at an interesting inflection point.

Demand Holds Steady Amid Strategic Supply Control

Single-family luxury homes saw a 6.7% year-over-year increase in sales, an impressive rise considering the slower pace of inventory growth. New listings increased by just 2.5% in August 2025, compared to a 21% surge the previous year, indicating a clear shift toward restraint. Many homeowners are holding back properties, anticipating that patience could yield stronger returns later in the year.

Sales ratio for single-family homes stood at 23.32%, placing the market firmly in seller territory.
Homes sold for 97.82% of the list price on average.
The median luxury home sales price reached $1,351,444.

Attached Market Narrows the Gap

Condos and townhomes, traditionally less dynamic than single-family homes, are showing signs of stabilization. Sales slipped only 0.4% year-over-year, a marked improvement from earlier declines. Inventory grew at a more measured pace, and new listings rose by just 0.9%, revealing similar caution among sellers.

For younger professionals and downsizers seeking convenience and security, this segment is likely to gain appeal as mortgage rates ease. Fairfax County, Arlington & Alexandria, and Anne Arundel County led attached home sales ratios, reflecting renewed urban interest.

Buyer Behavior: Lifestyle Over Size

Luxury buyers in 2025 are approaching acquisitions with a sharper focus. Instead of prioritizing size, they are evaluating how properties enhance their lifestyles. Homes that offer direct access to water, ski slopes, or exceptional urban amenities are commanding premium attention.

Key trends among buyers include:

Preference for turnkey homes that are move-in ready with integrated design and technology.
Growing interest from Millennials and Gen Z, who bring priorities such as sustainability and smart-home integration.
Baby Boomers and Gen X remain influential, emphasizing convenience, cultural access, and security.

Seller Strategies: Precision Over Price Cuts

Sellers are displaying equal intentionality. Many are waiting to list, betting on a more favorable environment as mortgage rates drop. Pricing strategies have become more sophisticated, with aspirational pricing expected to align with genuine value. Properties that fail to meet lifestyle or quality expectations risk being bypassed entirely.

This cautious sentiment is influencing inventory flow, contributing to the measured supply growth that defines current conditions.

Relevant Highlights

The North American luxury housing market is characterized less by volatility and more by selective momentum. Buyers are active but strategic, sellers are cautious yet confident, and declining mortgage rates are introducing new variables into decision-making. For industry professionals, success in this climate hinges on interpreting nuanced market signals, understanding generational shifts, and aligning offerings with evolving lifestyle priorities.

As the final quarter of 2025 approaches, all eyes are on whether falling financing costs will unlock new inventory or reinforce sellers’ preference to wait. One thing is clear: this is a market shaped not by speed, but by strategy.

WLCC Perspective: Luxury developers and agents need to track generational trends closely, Millennials and Gen Z are driving demand for sustainability, technology, and convenience, while Baby Boomers and Gen X value location and cultural access

Explore the whole report here: https://www.luxuryhomemarketing.com/real-estate-agents/ILHM-luxury-report.html

Stay up to date on the latest luxury industry news: https://worldluxurychamber.com/insights-news/

TOP 100 Best Luxury Brands of the World Celebrated in Inaugural World Luxury Day Festivities

Posted on Oct 8, 2025Oct 31, 2025 by bh@worldluxurychamber.com

The world of luxury is entering a new era of recognition and celebration. The prestigious TOP 100 by Luxury Lifestyle Awards, supported by World Luxury Chamber of Commerce (WLCC), proudly announces October as the official season of celebration, marking the launch of the inaugural World Luxury Day.

To commemorate this milestone, the Awards reveal the winners across four distinguished categories, beginning with today’s announcement of the TOP 100 Best Luxury Brands of the World, unveiled on October 8, the very first World Luxury Day.

Each of the honorees represents the essence of luxury in the modern world: excellence, craftsmanship, innovation, and sustainability. These brands redefine what luxury means today: not merely a reflection of price or exclusivity, but a celebration of heritage, artistry, experience, and purpose. The roster of winners spans industries from beauty and fashion to automotive, jewelry, hospitality, design, and beyond, showcasing the profound influence and creativity that drive the global luxury landscape.

World Luxury Day marks the first-ever international professional holiday dedicated to the luxury industry as a whole. It honors the visionaries, creators, innovators, and entrepreneurs who continue to shape the industry’s future with integrity and imagination.

Initiated by the World Luxury Chamber of Commerce, this day serves as a platform for dialogue, collaboration, and inspiration among brands, organisations, and professionals united by a shared pursuit of excellence. It recognizes not only products and producers, but also the values and principles that define modern luxury, encompassing responsible sourcing, cultural preservation, and digital innovation.

“I see World Luxury Day as a moment of unity for diverse sectors and professionals from every corner of the globe,” said Alexander Chetchikov, President of the World Luxury Chamber of Commerce (WLCC). “It is an opportunity to exchange ideas, celebrate excellence, and embody the values of the modern world. We believe that special events and recognitions dedicated to this date will continue to grow in scale and significance each year.”

With this inaugural celebration, the TOP 100 by Luxury Lifestyle Awards and WLCC invite global luxury leaders, partners, and enthusiasts to join in honoring the artistry and innovation that define the spirit of luxury: today and for generations to come.

TOP 100 Best Luxury Brands of the World, in alphabetical order:

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About the TOP 100 by Luxury Lifestyle Awards
The TOP 100 by Luxury Lifestyle Awards honors the world’s most distinguished luxury brands, businesses, and individuals who exemplify excellence, creativity, and ethical leadership across the global luxury industry.

About the World Luxury Chamber of Commerce (WLCC)
The World Luxury Chamber of Commerce is an international organization dedicated to promoting collaboration, innovation, and sustainable growth within the luxury sector, connecting brands, professionals, and thought leaders worldwide.

Join the World Luxury Day festive season https://worldluxuryday.com/

World Luxury Chamber of Commerce Begins the Process of Seeking UN Recognition for the World Luxury Day

Posted on Oct 8, 2025Oct 8, 2025 by bh@worldluxurychamber.com

The World Luxury Chamber of Commerce (WLCC) proudly marks a historic milestone for the global luxury community: the celebration of the first-ever World Luxury Day. On this day, WLCC also begins the process of seeking official United Nations recognition for this international observance.

“Luxury, in its modern understanding, is not merely consumption but the preservation of centuries-old traditions, skilled crafts, and innovative design. Recognition of this Day will help safeguard the unique cultural and technical heritage created by artisans from diverse nations.

The luxury industry is a significant global economic driver, directly and indirectly supporting more than 5 million jobs. Recognizing World Luxury Day would serve as an act of respect for the mastery and labor of these numerous professionals.

World Luxury Day is fostering philanthropy and social responsibility and stimulates innovation and technology,” remarked Alexander Chetchikov, President of World Luxury Chamber of Commerce.

To commemorate the first World Luxury Day, WLCC has submitted an official address to His Excellency Mike Waltz, Permanent Representative of the United States of America to the United Nations, initiating a meaningful process toward international recognition.

While the journey ahead will require dedication and time, today marks both a celebration and a beginning, a global tribute to the artistry, heritage, and innovation that define the true essence of luxury.

Happy World Luxury Day! Join the global celebration by sending an official World Luxury Day card to the one who inspires you via the website: https://worldluxuryday.com/world-luxury-day-postcard/

WLCC Warmly Welcomes Swapin To Its Global Luxury Network

Posted on Oct 8, 2025 by Imke

The World Luxury Chamber of Commerce (WLCC) proudly announces the induction of Swapin into its elite global network of distinguished luxury brands. This membership highlights Swapin’s commitment to excellence and innovation while reflecting WLCC’s dedication to fostering leadership and collaboration across the luxury industry.

Swapin, headquartered in Estonia, is a pioneering force in crypto-financial solutions. Established in 2017, the company is a pioneer in crypto-bank transactions. Today, Swapin offers a range of products for buying cryptocurrencies and withdrawing crypto to a bank, as well as solutions for businesses to accept and integrate crypto payments into their platforms. The company’s mission is to make using crypto as simple and accessible as any other currency.

Membership in WLCC provides strategic advantages, including access to an exclusive circle of international luxury leaders, cross-industry partnerships, and tailored global exposure. For Swapin, this affiliation unlocks new opportunities for collaboration, innovation, and leadership within the worldwide luxury community.

“We are very excited to welcome Swapin to the World Luxury Chamber of Commerce,” said Alexander Chetchikov, President of WLCC. “The company is committed to creating secure, smooth, and accessible crypto experiences for a global audience. Their participation strengthens our mission to shape the future of luxury with innovation.”

As a member of WLCC, Swapin will strengthen its international standing, cultivate strategic partnerships, and play a key role in shaping the future of the luxury industry

To learn more, visit Swapin’s official website: https://www.swapin.com/.

Event Recap: WLCC Leadership Lounge – September 2025

Posted on Oct 6, 2025Dec 11, 2025 by bh@worldluxurychamber.com

Recently, WLCC brought together the world of luxury for another transformative edition of the Virtual Networking Event — A Leadership Lounge.

Designed to spark meaningful connections, encourage knowledge sharing, and inspire collaboration, the virtual gathering united forward-thinking leaders across hospitality & travel, real estate & architecture, branding & lifestyle. Participants from over 10 countries — including the USA, Canada, France, Spain, Italy, Saudi Arabia, UAE, and Colombia — joined an intimate, high-value space where dialogue went beyond introductions.

The result? A dynamic forum that perfectly embodied WLCC’s mission: to redefine networking by turning it into purposeful connection and visionary exchange.

Why This Event Stood Out

This was no ordinary virtual meeting. Designed to move far beyond introductions, the event allowed participants to share values, perspectives, and vision — with this month’s guiding theme:
“How AI is transforming luxury brands and elevating customer experience.”

The goal was to examine how artificial intelligence can enrich personalization, strengthen relationships, and spark innovation — without losing the authenticity and human touch that define luxury.

Just as important was the sense of belonging that members expressed. WLCC is not simply a professional network — it is a prestigious circle of peers. Members left with the strong emotional pull of “I belong to the inner circle of global luxury leaders.” This sense of community, exclusivity, and shared purpose sets WLCC apart and makes every event feel like a gathering of visionaries shaping the future of the industry.

Fireside Wisdom: Petar Petrov

The session opened with a powerful fireside chat featuring Petar Petrov, Chief AI Officer at Eleven Ventures. Petrov emphasized that AI has moved from being merely intelligent to becoming a true partner in execution — capable of reasoning, writing code, and performing work at a level that will reshape industries.

He reminded leaders that adopting AI is not simple, but necessary. Education, top-down strategy, and small, measurable wins are essential to avoiding pitfalls and unlocking real value. Case studies from banking and real estate illustrated how companies that invest strategically in AI are already pulling ahead of competitors.

Petrov’s key takeaway: “Become true masters of ChatGPT. Learn deeply, apply widely, and use it to empower your teams.”

Speed Networking, Reimagined

The heart of the Leadership Lounge was its interactive networking. Each participant had space to introduce themselves, their business, and their perspective on AI. From luxury hospitality projects in Saudi Arabia and the USA, to real estate ventures in Spain and Dubai, to brand leaders rethinking how authenticity can coexist with automation — the diversity of voices was striking.

What united them all was a shared belief: AI must enhance the human touch, not replace it.

Insights from the Community

A live poll revealed:

63% are already deploying AI initiatives across multiple areas.
50% are actively exploring possibilities.
38% are running pilot projects.

Participants saw the greatest opportunities in operational efficiency, curated offerings, and highly personalized experiences. The overall sentiment was overwhelmingly positive — with most attendees excited and fully on board, while others remained curious but cautious.

Why This Event Mattered

This Leadership Lounge reminded us that technology alone does not define luxury. Instead, it is the marriage of cutting-edge tools with timeless human connection that creates experiences worthy of the word. WLCC members left not only with new insights but with fresh partnerships, renewed energy, and inspiration to bring AI into their strategies with intention.

Most importantly, the event reinforced the essence of WLCC: a prestigious, closed community of global luxury leaders. To belong here is to stand shoulder-to-shoulder with visionaries shaping the future of the sector — a powerful reminder that luxury is as much about belonging as it is about innovation.

Final Word

The WLCC is more than a network — it is a movement of leaders redefining what luxury means and who it serves. If you weren’t there, you missed candid insights, purposeful connections, and the unique energy of belonging to the inner circle of global luxury leadership.

Join us next time. Because what we’re building together is nothing less than the future of luxury.

The WLCC Weekly Edit: Jane Goodall’s Legacy, La Beauté Louis Vuitton, New Flagship Hub & More

Posted on Oct 6, 2025Oct 24, 2025 by bh@worldluxurychamber.com

Welcome to The Weekly Edit, your curated digest of the latest in the world of luxury. Each week, WLCC brings you a handpicked selection of industry news, insights, and stories influencing the future of high-end fashion, design, travel, real estate, and beyond. Consider this your insider’s guide to the latest in luxury.

Above: Jane Goodall poses for a portrait in 2017.
David Levene/eyevine/Redux via CNN

Remembering Dr. Jane Goodall: A Lasting Voice for the Planet

Dr. Jane Goodall, the pioneering zoologist and primatologist who transformed our understanding of chimpanzees, passed away on 1 October at age 91. Renowned for discovering that chimpanzees use tools and display human-like emotions, Goodall dedicated her later years to global advocacy, sustainability, and youth education. Her final projects reflected her enduring commitment to conservation — including a jewellery collaboration with Brilliant Earth using recycled gold and carbon-capture diamonds to fund the Jane Goodall Institute. Just days before her passing, she spoke passionately about empathy, legacy, and hope during a Vogue Business interview and a New York Climate Week event with Diane von Furstenberg.

Read the interview here: https://www.voguebusiness.com/story/sustainability/what-sustainable-fashion-can-learn-from-dr-jane-goodall

Via: Vogue Business, CNN

Macau Will Be the New Hub for Flagship Stores

Paying attention to Macau is important for Luxury brands looking to grow in Asia. Starting November 1, the city will launch its “First Store Economy programme”, offering up to MOP 1 million (about USD 125,000) in financial support to help global brands open their first flagship stores there. With more than 30 million visitors a year, many of them big spenders, Macau offers strong potential for sales and visibility. The program includes funding for operations, bonuses for top locations and larger spaces, and support for hiring local staff, making it an appealing entry point into a thriving market.

Via: Global Legal Post

Above: Image from LVMH

Louis Vuitton Introduces Iconic Beauty Line Led by Dame Pat McGrath

Louis Vuitton presents “La Beauté Louis Vuitton”, a new cosmetics universe where makeup becomes a sensory and artistic experience. Led by Dame Pat McGrath as Creative Director, the collection debuted in China on August 20 before its global release. Featuring 55 lipsticks, ten balms, and eight eyeshadows, each piece is refillable, combining sustainability with the Maison’s standards. Designer Konstantin Grcic placed sustainability at the heart of this vision, while Master Perfumer Jacques Cavallier Belletrud contributed a distinctive fragrance signature. Drawing inspiration from Louis Vuitton’s iconic vanity cases, the line includes trunks and leather accessories, transforming daily beauty routines into an experience of sophistication, innovation, and lasting quality.

Via: LVMH

Above: Image from Marriott International

Marriott and Shamal Holding Team Up for Region’s Premier EDITION Homes

Set to open in 2029 and featuring 165 luxury residences and a 185-room hotel, Shamal Holding and Marriott International have announced a strategic partnership to introduce the first EDITION-branded residences in the Middle East. The Dubai Beach EDITION, located at Dubai Harbour. The residences will offer two, three, and four-bedroom apartments with resort amenities and services, while the hotel will provide sea-view accommodations and distinctive dining experiences. This development aims to mark a key turning point for luxury living and hospitality in Dubai, combining beachfront elegance with urban vibrancy.

Via: Marriott International

Park Hyatt Turns 45 with Major Openings Across Continents

Park Hyatt is celebrating 45 years of shaping personalized luxury experiences with the launch of its new global campaign, “Luxury is Personal”, alongside a wave of openings across major international markets. Newly opened and soon-to-open properties in Johannesburg, Kuala Lumpur, Los Cabos, Tokyo, London, Marrakech, and other sought-after locations highlight the brand’s global momentum. Each hotel reflects its surroundings through thoughtful design, attentive service, and distinctive local character, creating stays that leave a lasting impression. Since 2017, Hyatt’s luxury portfolio has grown by 146%, underscoring the rising demand for travel experiences that feel tailored, refined, and globally connected.

Via: Hyatt

Raise a Glass: World Luxury Day Has Arrived!

It is official, October 8th marks the debut of World Luxury Day, new global holiday dedicated to honouring craftsmanship, innovation, and excellence across the luxury sector. Created by the World Luxury Chamber of Commerce, the day aims to bring together designers, artisans, and industry leaders under a shared celebration of excellence. Already supported by influential figures across fashion, design, and hospitality, World Luxury Day spotlights what truly matters in modern luxury. Leading voices in the industry to share their thoughts on its significance, revealing insights on inspiration, purpose, and the future of luxury. “World Luxury Day isn’t just a date; it’s a movement. For luxury brands, creators, and changemakers, now is the time to join WLCC and be part of building an inclusive, forward-thinking luxury industry.” – Comments Alexander Chetchikov, World Luxury Chamber of Commerce, President

Via: Salon Privé Magazine

Stay ahead of the curve; explore more stories, register for upcoming events, and join the conversation with WLCC: https://worldluxurychamber.com/insights-news/

Porto Business School Launches Advanced Program: Leading the Luxury Business

Posted on Oct 6, 2025Oct 6, 2025 by bh@worldluxurychamber.com

Porto Business School announces the launch of its new advanced executive program, Leading the Luxury Business, designed to equip professionals with the mindset, sensitivity, and strategic skills to thrive in the global luxury sector.

More than a management course, this program incorporates business insight with cultural awareness and emotional intelligence, preparing participants to lead with purpose and creativity. Featuring a world-class faculty of industry pioneers and guest speakers, who are or were executives of brands such as Cartier, Chanel, Prada, Gucci, Piaget, VistaJet, The Sotheby’s Institute of Art, Aston Martin, Dior, The Luxury Institute NYC, Fendi, and Bulgari, the program offers privileged access to global luxury leaders and hands-on experiential learning. Details of the outstanding quality of professors and guest speakers in the link below.

Program Director

António Paraíso is a consultant, speaker, and guest professor specializing in luxury marketing, innovation, and international business. With over 19 years of experience in global fashion markets and business across 50 countries on five continents, António holds an Executive MBA from Porto Business School and executive education from IE Business School and IMD Business School. He focuses on customer experience, cross-cultural management, and business development in luxury.

Highlights of the program include immersive visits to luxury houses, art museums, wine cellars, hotels, masterclasses in experience design, exclusive networking opportunities, and a capstone project tackling real-world challenges. Tailored for mid- to senior-level professionals across fashion, hospitality, interior design, jewelry, cosmetics, private clinics, wines & spirits, automobiles & yachts, private banking, and media, the program uniquely integrates strategy, creativity, and consumer psychology to redefine luxury leadership.

The program begins on October 20, 2025, in a blended format (60h on-campus | 60h online) and will be delivered in English.

For more information and enrolment, visit https://www.pbs.up.pt/en/programas/advanced-program-en/leading-luxury-business/

Luxury Car Market Projections 2025-2034 By Global Market Insights

Posted on Oct 3, 2025Oct 3, 2025 by bh@worldluxurychamber.com

Nowadays, technology, style, and consumer aspiration intersect. According to the report by Global Market Insights, “Luxury Car Market Size – By Vehicle, By Fuel, By Car Price, By Sales Channel, Growth Forecast, 2025 – 2034,” the global luxury car market was valued at USD 21.7 billion in 2024 and is projected to reach USD 42.1 billion by 2034, growing at a CAGR of 7.4%. This growth is fueled by an overall market expansion. Consumers now demand vehicles that combine performance, prestige, and cutting-edge technology, driving manufacturers to innovate and differentiate in an intensely competitive market.

Market Dynamics and Growth Drivers

The luxury car market is witnessing significant momentum, supported by both macroeconomic and sector-specific factors. Rising disposable incomes among high-net-worth consumers are expanding the market, while evolving lifestyle preferences favor SUVs and crossovers over traditional sedans. Technological innovations, including autonomous driving, retina recognition, personal voice assistants, and enhanced in-car entertainment, are becoming key differentiators for luxury brands. Hybrid and electric vehicles are gaining traction, supported by government incentives and stricter emission regulations. Emerging markets in Asia Pacific, MEA, and Latin America offer growth opportunities as luxury manufacturers target increasing affluent populations. Despite this, high vehicle pricing, limited EV charging infrastructure in developing regions, and ownership costs remain key challenges for market expansion.

Regional Insights

Europe: Looking at the car market in Europe, it accounted for 33% of the revenue share in 2024 and will probably grow and exceed USD 15 billion by 2034. The leading country in terms of market expansion is Germany. It is expected to experience market growth up to USD 4.5 billion by 2034, holding powerful brands such as Mercedes-Benz, BMW, Audi, and Porsche.
North America: The U.S. dominates demand for premium vehicles, particularly SUVs and sedans with advanced features, while Canada is witnessing a rising interest in environmentally friendly luxury models.
Asia Pacific: Rapidly growing region led by China, India, Japan, and South Korea, driven by urbanization, rising wealth, government incentives, and local production initiatives.
MEA and Latin America: The Middle East market is predominantly driven by high-net-worth individuals and affluent expatriates, who exhibit a strong preference for premium SUVs and sedans. while Brazil and Mexico show steady expansion due to improving economic conditions and increasing affluent populations.

Notable Market Players and Strategic Focus

BMW Group: Known for integrating driver-assistance systems, advanced safety features, and high-performance engines across a wide range of vehicles.
Ferrari: Focuses on exclusivity, limited production, high-performance engineering, and tailor-made personalization programs.
Aston Martin: Offers vehicles that perfectly balance high performance with timeless design.
Other notable brands: Bentley, Lamborghini, McLaren, Porsche, Rolls-Royce, along with major U.S. OEMs expanding into luxury vehicles.

There is an expected continuous growth, driven by the shift toward electric and hybrid vehicles, the adoption of smart mobility solutions, and increased consumer appetite for advanced technology and personalization. This era is marked by sustainability, connectivity, and performance.

WLCC Perspective: Tomorrow’s luxury automotive leaders will be those who focus on advanced technology and personalization in an autenthic way. Sustainability, intelligence, and regional resonance will mark desirability in ways heritage alone cannot.

Explore the complete luxury car market analysis here: https://www.gminsights.com/industry-analysis/luxury-car-market