When asked for the reasons of not renting luxury goods in a 2020 study, 44 percent of luxury shoppers around the world stated that they would rather own the luxury product instead of renting it. 12 percent of the luxury consumers listed "not wanting to use something owned or used by someone else" and being "afraid of damaging the product" as their reasons for not renting luxury products.
Leading reasons according to luxury shoppers for not renting luxury goods in 2020
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Share of respondents
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Fondazione Altagamma, & BCG. (June 23, 2020). Leading reasons according to luxury shoppers for not renting luxury goods in 2020 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1244569/reasons-for-not-renting-luxury-goods/
Fondazione Altagamma, und BCG. "Leading reasons according to luxury shoppers for not renting luxury goods in 2020." Chart. June 23, 2020. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1244569/reasons-for-not-renting-luxury-goods/
Fondazione Altagamma, BCG. (2020). Leading reasons according to luxury shoppers for not renting luxury goods in 2020. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1244569/reasons-for-not-renting-luxury-goods/
Fondazione Altagamma, and BCG. "Leading Reasons According to Luxury Shoppers for Not Renting Luxury Goods in 2020." Statista, Statista Inc., 23 Jun 2020, https://www.statista.com/statistics/1244569/reasons-for-not-renting-luxury-goods/
Fondazione Altagamma & BCG, Leading reasons according to luxury shoppers for not renting luxury goods in 2020 Statista, https://www.statista.com/statistics/1244569/reasons-for-not-renting-luxury-goods/ (last visited August 24, 2024)
Leading reasons according to luxury shoppers for not renting luxury goods in 2020 [Graph], Fondazione Altagamma, & BCG, June 23, 2020. [Online]. Available: https://www.statista.com/statistics/1244569/reasons-for-not-renting-luxury-goods/