Luxury Goods in the United States
SummaryLuxury Goods in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, 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 US luxury goods market recorded revenues of $140.8 billion in 2024, representing a compound annual growth rate (CAGR) of 5.2% between 2019 and 2024.
- The apparel, footwear & accessories segment accounted for the market's largest proportion in 2024, with total revenues of $47.2 billion, equivalent to 33.5% of the market's overall value.
- The growth of the US luxury goods market is supported by demographic shifts, such as the growing affluent population and the accelerating number of high-net-worth individuals. According to the Forbes World’s Billionaires List 2025, the number of billionaires in the US witnessed an annual growth of 10.9%.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the luxury goods market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the luxury goods market in the United States
- 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 United States luxury goods market with five year forecasts
Reasons To Buy
- What was the size of the United States luxury goods market by value in 2024?
- What will be the size of the United States luxury goods market in 2029?
- What factors are affecting the strength of competition in the United States luxury goods market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's luxury goods market?
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