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PUBLISHER: Grand View Research | PRODUCT CODE: 1751568
PUBLISHER: Grand View Research | PRODUCT CODE: 1751568
Luxury Goods Market Size, Share & Trends Analysis Report By Product (Apparel, Watches, Jewelry, Handbags, Perfumes & Cosmetics, Footwear, Others), By End Use (Men, Women), By Region, And Segment Forecasts, 2025 - 2030
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Luxury Goods Market Growth & Trends:
The global luxury goods market size is anticipated to reach USD 579.26 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.8% from 2025 to 2030. This growth is driven by various factors, including the rise in high-net-worth individuals and experiential luxury.
The influence of millennial and Gen Z consumers has been pivotal in driving the demand for customizable luxury products and immersive shopping experiences. The increase in popularity of e-commerce, social media, and influencer advertising has been pivotal in driving the demand for luxury goods.
The luxury apparel segment is growing due to changing consumer preferences and dynamic fashion trends. In addition, the rising popularity of social media platforms has become a critical marketing tool for luxury apparel brands, allowing them to build brand awareness globally and engage with their customers. The luxury perfumes and cosmetics segment is projected to grow owing to increasing demand for luxury and exotic fragrances, rising celebrity endorsements, and social media influence.
Furthermore, luxury brands are incorporating various strategic initiatives such as innovative marketing, celebrity collaborations, and customization, leading to the apparel segment's growth. For instance, in July 2023, Ralph Lauren partnered with Berlin-based esports organization G2 Esports, known for its involvement with major gaming titles like Fortnite and League of Legends. In this collaboration, Ralph Lauren became the official outfit provider for the G2 team. The partnership is extended to the creation of a special-edition capsule collection, showcasing a range of stylish apparel items such as baseball caps, tracksuits, hoodies, and t-shirts, all designed in Ralph Lauren's signature navy blue, gold, and cherry red color scheme.
Luxury Goods Market Report Highlights:
- In terms of product, the apparel segment held the largest revenue share of over 25% in 2024, attributed to the growing changing consumer preferences and dynamic fashion trends
- The women's segment dominated the global market in 2024. The rising number of high-net-worth females and the personalization & customization of luxury goods are driving the market growth for females.
- Asia Pacific dominated the global luxury goods market in 2024, owing to increasing per capita income, middle-class population, and a rise in tourism in the region
- Key players are pursuing mergers and acquisitions to gain a competitive advantage. For instance, in October 2024, Mytheresa announced its acquisition of YNAP from Richemont, aiming to establish a prominent global digital luxury conglomerate. This transaction will integrate Mytheresa with YNAP's well-known platforms, such as Net-A-Porter and Mr Porter, thereby expanding the range of luxury products accessible to affluent customers.
Product Code: GVR-4-68040-261-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Luxury Goods Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behaviour Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Decisions
- 4.4. Consumer Product Adoption Trends
- 4.5. Observations & Recommendations
Chapter 5. Luxury Goods Market: Product Estimates & Trend Analysis
- 5.1. Luxury Goods Market Product: Key Takeaways
- 5.2. Product Movement Analysis & Market Share, 2024 & 2030
- 5.3. Luxury Goods Market Estimates & Forecast, By Product, 2018 to 2030 (USD Billion)
- 5.3.1. Apparels
- 5.3.1.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 5.3.2. Watches
- 5.3.2.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 5.3.3. Jewelry
- 5.3.3.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 5.3.4. Handbags
- 5.3.4.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 5.3.5. Perfumes & Cosmetics
- 5.3.5.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 5.3.6. Footwear
- 5.3.6.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 5.3.7. Others
- 5.3.7.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 5.3.1. Apparels
Chapter 6. Luxury Goods Market: End Use Estimates & Trend Analysis
- 6.1. Luxury Goods Market Raw Material: Key Takeaways
- 6.2. End Use Movement Analysis & Market Share, 2024 & 2030
- 6.3. Luxury Goods Market Estimates & Forecast, By End Use, 2018 to 2030 (USD Billion)
- 6.3.1. Men
- 6.3.1.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 6.3.2. Women
- 6.3.2.1. Market Estimates & Forecasts, 2018 to 2030 (USD Billion)
- 6.3.1. Men
Chapter 7. Luxury Goods Market: Regional Estimates & Trend Analysis
- 7.1. Luxury Goods Market: Regional Outlook
- 7.2. Regional Marketplaces: Key Takeaways
- 7.3. Luxury Goods Market Estimates & Forecast, By Region, 2018 to 2030 (USD Billion)
- 7.4. North America
- 7.4.1. North America luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.4.2. U.S.
- 7.4.2.1. Key country dynamics
- 7.4.2.2. U.S. luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.4.3. Canada
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Canada luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.4.4. Mexico
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Mexico luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.5. Europe
- 7.5.1. Europe luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.5.2. UK
- 7.5.2.1. Key country dynamics
- 7.5.2.2. UK luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.5.3. Germany
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Germany luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.5.4. France
- 7.5.4.1. Key country dynamics
- 7.5.4.2. France luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.5.5. Italy
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Italy luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.5.6. Spain
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Spain luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.6. Asia Pacific
- 7.6.1. Asia Pacific luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.6.2. China
- 7.6.2.1. Key country dynamics
- 7.6.2.2. China luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.6.3. India
- 7.6.3.1. Key country dynamics
- 7.6.3.2. India luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.6.4. Japan
- 7.6.4.1. Key country dynamics
- 7.6.4.2. Japan luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.6.5. Australia
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Australia luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.6.6. South Korea
- 7.6.6.1. Key country dynamics
- 7.6.6.2. South Korea luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.7. Central & South America
- 7.7.1. Central & South America luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.7.2. Brazil
- 7.7.2.1. Key country dynamics
- 7.7.2.2. Brazil luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.8. Middle East & Africa
- 7.8.1. Middles East & Africa luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- 7.8.2. UAE
- 7.8.2.1. Key country dynamics
- 7.8.2.2. UAE luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 8. Luxury Goods Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share, 2024
- 8.4. Company Heat Map/ Positioning Analysis
- 8.5. Strategy Mapping
- 8.6. Company Profiles
- 8.6.1. LVMH Group
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.1.4. Strategic Initiatives
- 8.6.2. Chanel LTD
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.2.4. Strategic Initiatives
- 8.6.3. Burberry Group PLC
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.3.4. Strategic Initiatives
- 8.6.4. Prada S.p.A
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.4.4. Strategic Initiatives
- 8.6.5. Kering SA
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.5.4. Strategic Initiatives
- 8.6.6. Coty Inc.
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.6.4. Strategic Initiatives
- 8.6.7. Estee Lauder Companies Inc.
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.7.4. Strategic Initiatives
- 8.6.8. Shiseido Company, Limited
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.8.4. Strategic Initiatives
- 8.6.9. L'Oreal S.A.
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.9.4. Strategic Initiatives
- 8.6.10. Hermes International S.A.
- 8.6.10.1. Company Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking
- 8.6.10.4. Strategic Initiatives
- 8.6.11. Audemars Piguet Holdings SA
- 8.6.11.1. Company Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Product Benchmarking
- 8.6.11.4. Strategic Initiatives
- 8.6.12. PATEK PHILIPPE SA
- 8.6.12.1. Company Overview
- 8.6.12.2. Financial Performance
- 8.6.12.3. Product Benchmarking
- 8.6.12.4. Strategic Initiatives
- 8.6.13. Rolex SA
- 8.6.13.1. Company Overview
- 8.6.13.2. Financial Performance
- 8.6.13.3. Product Benchmarking
- 8.6.13.4. Strategic Initiatives
- 8.6.14. Omega
- 8.6.14.1. Company Overview
- 8.6.14.2. Financial Performance
- 8.6.14.3. Product Benchmarking
- 8.6.14.4. Strategic Initiatives
- 8.6.15. RALPH LAUREN
- 8.6.15.1. Company Overview
- 8.6.15.2. Financial Performance
- 8.6.15.3. Product Benchmarking
- 8.6.15.4. Strategic Initiatives
- 8.6.16. Richemont S.A.
- 8.6.16.1. Company Overview
- 8.6.16.2. Financial Performance
- 8.6.16.3. Product Benchmarking
- 8.6.16.4. Strategic Initiatives
- 8.6.17. Swarovski
- 8.6.17.1. Company Overview
- 8.6.17.2. Financial Performance
- 8.6.17.3. Product Benchmarking
- 8.6.17.4. Strategic Initiatives
- 8.6.18. Pandora Inc.
- 8.6.18.1. Company Overview
- 8.6.18.2. Financial Performance
- 8.6.18.3. Product Benchmarking
- 8.6.18.4. Strategic Initiatives
- 8.6.19. Hugo Boss AG
- 8.6.19.1. Company Overview
- 8.6.19.2. Financial Performance
- 8.6.19.3. Product Benchmarking
- 8.6.19.4. Strategic Initiatives
- 8.6.1. LVMH Group
Product Code: GVR-4-68040-261-4
List of Tables
- Table 1 Luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- Table 2 Luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 3 Luxury goods market estimates & forecasts, by end use, 2018 - 2030 (USD Billion)
- Table 4 Luxury goods market estimates & forecast, by region, 2018 - 2030 (USD Billion)
- Table 5 North America luxury goods market estimates and forecasts, by country, 2018 - 2030 (USD Billion)
- Table 6 North America luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 7 North America luxury goods market estimates and forecasts, by end use, 2018 - 2030 (USD Billion)
- Table 8 U.S. macro-economic outlay
- Table 9 U.S. luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 10 U.S. luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 11 Canada macro-economic outlay
- Table 12 Canada luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 13 Canada luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 14 Mexico macro-economic outlay
- Table 15 Mexico luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 16 Mexico luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 17 Europe Luxury Goods Market estimates and forecasts, by country, 2018 - 2030 (USD Billion)
- Table 18 Europe luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 19 Europe Luxury Goods Market estimates and forecasts, by end use, 2018 - 2030 (USD Billion)
- Table 20 UK macro-economic outlay
- Table 21 UK luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 22 UK Luxury Goods Market estimates and forecasts, by end use, 2018 - 2030 (USD Billion)
- Table 23 Germany macro-economic outlay
- Table 24 Germany luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 25 Germany luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 26 France macro-economic outlay
- Table 27 France luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 28 France luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 29 Italy macro-economic outlay
- Table 30 Italy luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 31 Italy luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 32 Spain macro-economic outlay
- Table 33 Spain luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 34 Spain luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 35 Asia Pacific Luxury Goods Market estimates and forecasts, by country, 2018 - 2030 (USD Billion)
- Table 36 Asia Pacific luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 37 Asia Pacific Luxury Goods Market estimates and forecasts, by end use, 2018 - 2030 (USD Billion)
- Table 38 China macro-economic outlay
- Table 39 China luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 40 China luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 41 India macro-economic outlay
- Table 42 India luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 43 India luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 44 Japan macro-economic outlay
- Table 45 Japan luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 46 Japan luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 47 Australia macro-economic outlay
- Table 48 Australia luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 49 Australia luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 50 South Korea macro-economic outlay
- Table 51 South Korea luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 52 South Korea luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 53 Central & South America Luxury Goods Market estimates and forecasts, by country, 2018 - 2030 (USD Billion)
- Table 54 Central & South America luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 55 Central & South America Luxury Goods Market estimates and forecasts, by end use, 2018 - 2030 (USD Billion)
- Table 56 Brazil macro-economic outlay
- Table 57 Brazil luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 58 Brazil luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
- Table 59 MEA Luxury Goods Market estimates and forecasts, by country, 2018 - 2030 (USD Billion)
- Table 60 MEA luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 61 MEA Luxury Goods Market estimates and forecasts, by end use, 2018 - 2030 (USD Billion)
- Table 62 UAE macro-economic outlay
- Table 63 UAE luxury goods market estimates and forecast, by product, 2018 - 2030 (USD Billion)
- Table 64 UAE luxury goods market estimates and forecast, by end use, 2018 - 2030 (USD Billion)
List of Figures
- Fig. 1 Luxury goods market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Product segment snapshot
- Fig. 8 End use segment snapshot
- Fig. 9 Competitive landscape snapshot
- Fig. 10 Fabric market value, 2024 (USD Billion)
- Fig. 11 Luxury goods market - industry value chain analysis
- Fig. 12 Luxury goods market dynamics
- Fig. 13 Luxury goods market: porter's analysis
- Fig. 14 Luxury goods market, by product: Key takeaways
- Fig. 15 Luxury goods market, by product: Market share, 2024 & 2030
- Fig. 16 Apparel market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 17 Watches market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 18 Jewelry market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 19 Handbags market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 20 Perfume & Cosmetics market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 21 Footwear market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 22 Others market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 23 Luxury goods Market, by end use: Key takeaways
- Fig. 24 Luxury goods Market, by end use: Market share, 2024 & 2030
- Fig. 25 Men market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 26 Women market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 27 Luxury goods market revenue, by region, 2024 & 2030 (USD Billion)
- Fig. 28 Regional marketplace: Key takeaways
- Fig. 29 North America luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 30 U.S. luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 31 Canada luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 32 Mexico luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 33 Europe luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 34 UK luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 35 Germany luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 36 France luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 37 Italy luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 38 Spain luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 39 Asia Pacific luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 40 China luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 41 India luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 42 Japan luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 43 Australia luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 44 South Korea luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 45 Central & South America luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 46 Brazil luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 47 Middle East & Africa luxury goods market estimates & forecast, 2018 - 2030 (USD Billion)
- Fig. 48 UAE luxury goods market estimates and forecast, 2018 - 2030 (USD Billion)
- Fig. 49 Key company categorization
- Fig. 50 Strategic framework
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