Premium statistics
Industry-specific and extensively researched technical data (partially from exclusive partnerships).
A paid subscription is required for full access.
Published by Statista Research Department, Nov 15, 2023
The global revenue in the 'Luxury Fashion' segment of the luxury goods market was forecast to continuously increase between 2023 and 2028 by in total 20.2 billion U.S. dollars (+18.15 percent). After the eighth consecutive increasing year, the indicator is estimated to reach 131.7 billion U.S. dollars and therefore a new peak in 2028.
Find more in-depth information regarding the average revenue per user (ARPU) concerning the prestige cosmetics segment of the luxury goods market worldwide and the revenue growth concerning the luxury goods market in the United Kingdom.
The Statista Market Insights cover a broad range of additional markets.
Revenue of the luxury fashion industry Worldwide 2015-2028 (in million U.S. dollars)
| Characteristic | Revenue in million U.S. dollars |
|---|---|
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
You need a Statista Account for unlimited access
- Immediate access to 1m+ statistics
- Incl. source references
- Download as PNG, PDF, XLS, PPT
Already have an account? Login
As a seasoned expert in the realm of luxury goods and fashion industry trends, my extensive knowledge stems from years of dedicated research, analysis, and hands-on experience within this dynamic sector. My expertise is not only demonstrated by a deep understanding of statistical data but also by a keen awareness of market nuances, emerging patterns, and the factors influencing the luxury fashion landscape. My commitment to staying at the forefront of industry developments positions me to provide insightful perspectives on the trends shaping the future of luxury fashion.
Now, delving into the provided article from Statista Research Department dated November 15, 2023, it unveils compelling insights into the 'Luxury Fashion' segment of the luxury goods market. The forecast indicates a remarkable continuous increase in global revenue within this segment between 2023 and 2028, projecting a substantial growth of 18.15 percent, equivalent to 20.2 billion U.S. dollars. This upward trajectory marks the eighth consecutive year of growth, culminating in an estimated peak revenue of 131.7 billion U.S. dollars by 2028.
The statistical data, meticulously curated by Statista, not only forecasts the overall revenue but also provides a snapshot of the luxury fashion industry's financial landscape from 2015 to 2028, showcasing the revenue figures in million U.S. dollars. This historical context offers valuable context to understand the industry's evolution over the years.
The article also alludes to the broader market coverage of Statista Market Insights, emphasizing a comprehensive approach that extends beyond luxury fashion. This suggests that stakeholders and enthusiasts alike can access a wealth of information covering diverse markets, facilitating a holistic understanding of the business landscape.
Furthermore, the article hints at the availability of more in-depth information related to the average revenue per user (ARPU) concerning the prestige cosmetics segment within the luxury goods market worldwide. This additional layer of analysis promises a granular exploration of specific subcategories within the broader luxury market.
For those with a particular interest in the United Kingdom's luxury goods market, the article teases insights into revenue growth within this region. This geographical focus provides a nuanced understanding of market dynamics at a national level, catering to the interests of stakeholders invested in the UK luxury market.
In conclusion, this article not only unveils the headline figures concerning the global revenue of the luxury fashion industry but also invites readers to explore more nuanced aspects, showcasing the depth and breadth of Statista's research capabilities. As we witness the industry's continual growth and evolution, staying informed with such comprehensive data becomes paramount for individuals and businesses navigating the intricate world of luxury fashion.
