Traditionally simple products get a luxurious overhaul for the status-obsessed
Implications - As the population of nouveau riche consumers rises, a want for luxury products that still carry a semblance of middle-class life are satiating demand for lifestyle accommodation. The utilization of precious materials to upgrade traditional goods augments the concept of everyday luxury for consumers who continue to demand the further integration of an upscale lifestyle.
Trend Themes
1. Luxury Upgrade - Traditional goods are being upgraded with precious materials to satiate demand for everyday luxury among consumers.
2. Minimalism - Sleek and streamlined designs are making use of high-quality materials such as leather to create simple yet luxurious products.
3. Hybrid Designs - Products are taking on elements of other items, for example, the combination of handbags and sneakers
Industry Implications
1. Luxury Goods - Companies can capitalize on the trend towards everyday luxury by upgrading traditional goods with precious materials.
2. Fashion and Accessories - Designers can explore hybrid designs by taking elements from different products and creating unique pieces.
3. Home and Decor - People are looking for lavish upgrades to practical items such as ping pong tables and tents, creating opportunities for those in the luxury home decor market.
6 Featured, 54 Examples:
1,888,303 Total Clicks
Date Range:
Nov 13 — May 14
Trending:
Hot
Consumer Insight Topics:
