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Title: Luxury Meets Technology - AI and Virtual Reality Redefining Premium Consumer Experience

Pune, Maharashtra, India, 23rd Jun 2025 - The luxury goods market is experiencing a dramatic transformation among Gen Z, driven by their emphasis on values, authenticity, and digital experiences. This generation prioritizes sustainability and ethical practices, gravitating towards brands that demonstrate environmental responsibility and social impact. Traditional indicators of wealth are being supplanted by personalized and meaningful items, reflecting individuality rather than mere status. Limited-edition products, bespoke offerings, and collaborative brand initiatives that encourage creative expression resonate strongly with these consumers.For complete detail on the report visit: https://marksparksolutions.com/reports/luxury-goods-marketFurthermore, Gen Z's engagement with digital platforms is redefining luxury interactions. Immersive experiences such as augmented reality try-ons, NFT-linked fashion, and social media-driven shopping are now essential to how they discover and engage with luxury brands. Their participation in the resale and vintage luxury market underscores a commitment to the circular economy, viewing second-hand purchases as fashionable and eco-conscious. This cohort increasingly prioritizes experiences over material possessions, favoring high-end wellness retreats, trend-setting travel, and exclusive cultural events that foster emotional connections, prompting luxury brands to adapt to their demand for purpose-driven and customizable experiences.In 2023, North America emerged as the dominant force in the Luxury Goods market, commanding an impressive 35.23% of the total market share. This region stands out as a significant player on the global stage, driven by robust consumer demand and substantial purchasing power. The well-established retail i...

This press release is issued by King Newswire