Luxury Goods in Germany
SummaryLuxury Goods in Germany industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). 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 German luxury goods market recorded revenues of $15.9 billion in 2023, representing a compound annual growth rate (CAGR) of 0.7% between 2018 and 2023.
- The apparel, footwear & accessories segment accounted for the market's largest proportion in 2023, with total revenues of $5.0 billion, equivalent to 31.4% of the market's overall value.
- The German luxury goods market is driven by rising digital sales of luxury goods. Also, in June 2022, Amazon Fashion launched its “Luxury Stores” throughout Europe offering its clients in the UK, Germany, France, Italy, and Spain with the Amazon Fashion shopping experience.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the luxury goods market in Germany
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the luxury goods market in Germany
- 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 Germany luxury goods market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the Germany luxury goods market by value in 2023?
- What will be the size of the Germany luxury goods market in 2028?
- What factors are affecting the strength of competition in the Germany luxury goods market?
- How has the market performed over the last five years?
- Who are the top competitors in Germany's luxury goods market?
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