B
Evidence Grade B
Graded
under review
Safe to Cite
Aging
40%
40% -- luxury market share for Chinese consumers (2024)
Attribution:
View source
Lighthouse Research Team
Last verified:
·
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Source verified
Evidence graded
Value
40%
Unit
Percentage
Data Vintage
2024
Entity
Geography
CN
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
75
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
Boston Consulting Group and Altagamma
Primary
Tier B
https://locaria.com/are-your-sales-and-communication-tactics-suited-to-the-modern-luxury-market/ ↗
Source Article
Are your sales and communication tactics suited to the modern luxury market? | Locaria
This is a competitive, highly demanding sector where consumers place lofty expectations on their chosen brands. It’s also an area that has witnessed a lot of change in recent years, meaning companies that are slow to evolve are at risk of being left behind.
Deloitte’s Global Powers of Luxury Goods 2…
Original Research
Boston Consulting Group and Altagamma
· Original study ↗
Methodology
Boston Consulting Group and Altagamma 2018 True-Luxury Global Consumer Insight study, cited by Locaria
Methodology documented
Segmentation
IndustryLuxury
RegionCN
RoleAll marketers
Cite this stat
Plain Text
Chinese consumers: 40% luxury market share. Source: Boston Consulting Group and Altagamma (2024). Via Lighthouse Intelligence -- https://lighthousedata.io/data/chinese-consumers-luxury-market-share-2024
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<blockquote cite="https://lighthousedata.io/data/chinese-consumers-luxury-market-share-2024" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>40%</strong> -- luxury market share for Chinese consumers<br><small>Source: Boston Consulting Group and Altagamma (2024) · <a href="https://lighthousedata.io/data/chinese-consumers-luxury-market-share-2024" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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