Global Luxury Goods
SummaryGlobal Luxury Goods industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The luxury goods market deals with high-end and premium products, which are not considered as essential or necessary for daily living but are rather associated with indulgence and exclusivity. Our market value includes retail sales. Market value does not include non-product sales such as services.
- The global luxury goods market recorded revenues of $477.6 billion in 2024, representing a compound annual growth rate (CAGR) of 3.8% between 2019 and 2024.
- The apparel, footwear & accessories segment accounted for the market's largest proportion in 2024, with total revenues of $201.5 billion, equivalent to 42.2% of the market's overall value.
- The growth of the global luxury goods market during 2019–24 was driven by the rise in digital sales of luxury goods. This is due to the rise in awareness about digital platforms, an increase in internet users, expanding consumer confidence in online shopping platforms, and improving digital infrastructure.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the luxury goods market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global luxury goods market
- Leading company profiles reveal details of key luxury goods market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global luxury goods market with five year forecasts
Reasons To Buy
- What was the size of the Global luxury goods market by value in 2024?
- What will be the size of the Global luxury goods market in 2029?
- What factors are affecting the strength of competition in the Global luxury goods market?
- How has the market performed over the last five years?
- How large is the global’s luxury goods market in relation to its regional counterparts?
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