Assembly Releases Newest Global Luxury Brand Report: New Horizons for Luxury in China
Our 2022 report takes a magnifying glass to global luxury brand engagement in China, delivering four key consumer and market trends at the intersection of technology, culture, and brand experience.
Global omnichannel agency Assembly is back with our much-anticipated global luxury brand reports. In 2022, we release a first-of-its kind-installment, focused on the market quickly becoming the most critical for luxury brands worldwide: China.
Download your copy of: LUXE IN CHINA – New Horizons for Luxury Brands
Assembly’s LUXE IN CHINA: New Horizons for Luxury Brands
In 2020, it was reported that by the year 2025, China will contribute to half of all luxury goods purchases worldwide. Two years later and that trajectory is very much on track, as experts expect China to take its place as the world’s largest luxury personal goods market within the next three years.
Not only are the trends we see in this market relevant to the brands seeking to win the hearts and minds of Chinese consumers – but they also point towards luxury’s future place in the lifestyles of up-and-coming generations around the world. Where China leads in technological advances and innovation and bold, new experiences, others often follow.
In the 2022 report, we look at four key defining trends, with insight and examples of successful implementation and transformation done by global brands in the Chinese market:
Emerging Media FormatsOur Future in the MetaverseThe Evolution of Offline Immersive ExperiencesNew Consumer Engagement Beyond Brand
We also look at media investment trends across key luxury categories, as a signal of the continued digitalization of luxe brand experiences.
While challenging economic conditions and the continued effects of COVID are felt by all, luxury brands are creating vibrant, truly culture-defining moments to create closer connections with luxe consumers.
