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Good basics will fuel medium term growth<br />
Worldwide Luxury Goods Market<br />
€172B<br />
2010E<br />
€185B<br />
+8%<br />
2011F<br />
@ k exch.<br />
<strong>Bain</strong> Forecast at 05/03/11<br />
@ constant exchange rates<br />
CAGR<br />
2011-2014<br />
+5-6%<br />
€214-221B<br />
2014F<br />
@ k exch<br />
ESTIMATES<br />
• Asia-Pacific, and especially China’s<br />
booming economy, will drive luxury<br />
goods consumption<br />
- Mainland and Greater China<br />
- Touristic destination in Asia and<br />
Worldwide<br />
• Consolidation of mature markets<br />
(US and Europe) which still hold the<br />
majority of personal wealth<br />
• New emerging markets becoming<br />
material: Brazil and Middle East<br />
(Saudi Arabia)<br />
• Japanese market recovery and<br />
stabilization<br />
15
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