Global Luxury Goods Revenues, 2009-2012 [CHART]

Chart - Global Luxury Goods Revenues

Concerns about the state of the global economy don’t seem to be slowing the worldwide appetite for luxury goods, according to research released by business consulting firm Bain & Company in October 2012. In fact, total demand for luxury goods has remained very strong, with worldwide revenues estimated to have grown 10% in 2012.

Growth in Asia-Pacific, driven by China, is expected to be especially sharp, with sales jumping by 18%. Men, too, were making a name for themselves in the worldwide luxury goods market, accounting for an estimated 41% of purchases in 2012. Read the rest at eMarketer.