Get Funky Funky Funky T-Shirt . In contrast, the Middle East is emerging as a promising region for luxury growth. Saudi Arabia and the United Arab Emirates are forecast to see compound annual growth rates of 3.1 percent and 2.51 percent respectively from 2024 to 2028. Brands like Dolce & Gabbana and Damiani are expanding their presence in the region, capitalising on the growing affluence and tourism in these markets.The Indian luxury market is also gaining traction, with 50 percent of consumers preferring domestic purchases. Brands are focusing on cultural traditions and major holidays like Diwali to attract younger, affluent consumers seeking exclusivity.Digital engagement remains crucial across all markets. In China, 46 percent of consumers are influenced by social media in their purchasing decisions. Brands are investing in innovative digital campaigns and personalised shopping experiences to capture market share.
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