2025 年全球奢侈品展望报告TABLE OF CONTENTS Executive Summary 1 Introduction 2 Interwoven: Wealth and Luxury Market Growth 3 The Global Luxury City Index 7 Affinity for Luxury – City Ranking 10 Affinity for luxury – UHNW Profiles 13 Archetypes by Luxury Good Ownership 16 Changing Luxury Preferences 19 Methodology 21 About Wealth-X 22 WEALTH-X GLOBAL LUXURY OUTLOOK 2025: A WORLD OF CHANGING PREFERENCES EXECUTIVE SUMMARY 1 THE GROWTH OF WEALTH AND THE GLOBAL LUXURY MARKET ARE INTER 1 In the 15 years running up to 2025, the world’s wealthy population grew in size almost continuously. As wealth grew, so too did the world of luxury. The coronavirus pandemic, however, has brought years of industry growth to a halt. Still, many among the wealthy – particularly the ultra wealthy – have continued to spend on luxury during 2025, albeit in a different way. NEW YORK LEADS OUR GLOBAL LUXURY CITY INDEX, FOLLOWED BY TOKYO AND HONG KONG. 2 Our index draws out the top 15 cities where wealth and luxury meet. Boasting more wealthy individuals than any other location in the world, the Big Apple is truly the city of 2 rich – it also performs strongly in the index for its luxury retail footprint and luxury lifestyle opportunities. 3 4 ASIA DOMINATES THE TOP 15 RANKING WITH 3 4 At the regional level, Asia accounts for eight cities, followed by North America (with five cities, all of them in the US). The luxury sector has grown enormously over the past two decades across Asia, with cities in China, Japan, Korea, Singapore and Taiwan among the top 15. The US remains the country with the highest number of cities attractive for luxury. 5 6 UHNW OWNERS OF PRIVATE JETS, YACHTS OR ART COLLECTIONS ARE D...