The luxury industry has so many interesting fields but people are sometimes wondering, what are the largest sectors in luxury. So here is the answer. In 2016, luxury cars market was 438 billion euros, fashion 249, hospitality 183, wines and spirits 66, food 46, art 39, pieces of furniture 33, private jets 18, yachts 7 and cruises 2. Therefore, it can be said that the luxury industry is enormous, and there are lots of possibilities for large brands, start-ups, entrepreneurs and individual experts.
Here is world famous actor Mark Strong showcasing a new Jaguar car. Actors are great brand ambassadors for car brands because they can effortlessly share brand messages for the right target groups.
Published in Luxury Sales Academy.