Chinese consumers still largest luxury spenders in 2015 | The Insight Files | Scoop.it

Chinese consumers continue to make up the largest portion of luxury purchases (31 percent) globally, followed closely by Americans (24 percent) and Europeans (18 percent), Bain & Company's 2015 worldwide luxury report reveals. The report noted that Chinese consumers are flocking to mature markets in groves. Bain reported that the overall luxury industry, which comprises 10 segments, led by luxury cards, luxury hospitality and personal luxury goods account for 80 percent of the total market. The market has delivered healthy growth of 5 percent year-on-year (at constant exchange rates), driven primarily by luxury cars (8 percent), luxury hospitality (7 percent) and fine arts (6 percent). Find out more.