Luxury Apparel - Worldwide | Statista Market Forecast (2024)

Market Insights Consumer Luxury Goods Luxury Fashion

Worldwide

In 2024, the revenue in the Luxury Apparel market worldwide amounts to US$85.36bn.
It is projected that the market will experience an annual growth rate of 3.03% (CAGR 2024-2028).
When looking at the global comparison, it is notable that in the United States generates the highest revenue, reaching US$20,430m in 2024.
This indicates the significant presence of the Luxury Apparel market in the United States.
Considering the population figures, the per person revenue generated in 2024 is US$11.02.
This gives us an insight into the average revenue generated per individual worldwide in the Luxury Apparel market.
Luxury apparel brands in France continue to dominate the global market with their iconic designs and impeccable craftsmanship.

Key regions: United States, South Korea, Russia, China, India

Luxury Apparel includes designer clothing and clothing accessories (scarves, belts, hats etc.) that are made “ready-to-wear”. The overall market definition follows the Consumer Market Outlook’s Apparel market, while here only sales of luxury brands are considered.

The shown market data are based on an analysis of more than 100 of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Sales by smaller companies or artisanal production unaffiliated with the companies covered (e.g. bespoke suit-tailoring or similar services) are not included. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The biggest companies in this field are LVMH’s fashion houses (Louis Vouitton, Fendi, Bulgari and others), Kering (Gucci, Saint Laurent, Brioni and others), Ralph Lauren and PVH (Calvin Klein, Tommy Hilfiger).

in-scope

Apparel (Ready-to-Wear, Prêt-à-porter)
Clothing accessories (gloves, neckwear, belts, hats and caps etc.)
Luxury segments and brands of the companies covered (see methodology for list)

out-of-scope

Leather goods (bags and luggage)
Artisanal and small-scale production unaffiliated with the covered companies (see methodology for list)

Luxury Goods

Related markets:

Methodology

The Luxury Apparel market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Apparel industry.