Luxury market seen returning to steady growth as AI reshapes consumer buying

New Delhi [India], July 10 (ANI): The global personal luxury market is expected to return to steady growth in FY26 after a period of slowdown, supported by a stronger consumer base and the increasing use of artificial intelligence (AI) in the buying journey, according to a report by Boston Consulting Group (BCG) and Altagamma.

The report projects the personal luxury market to grow by 2-5 per cent in FY26, with growth expected to accelerate to 4-7 per cent by 2029, driven by a more balanced consumer mix, stronger customer retention and rising domestic spending.