- Worldwide
- In 2024, the Luxury Fashion market worldwide is projected to generate a revenue of US$115.90bn.
- This market is expected to experience an annual growth rate of 3.25% (CAGR 2024-2028).
- When compared globally, in the United States leads in revenue generation with US$27,670m in 2024.
- Looking at the population figures, the per person revenue in 2024 is estimated to be US$14.95.
- Luxury fashion brands in France continue to dominate the global market with their timeless elegance and haute couture craftsmanship.
Key regions: United States, Italy, Russia, France, India
The Luxury Fashion segment includes Luxury Apparel and Footwear. The overall definition of this segment follows the Consumer Market Outlook’s Apparel and Footwear markets, while here only sales of luxury brands are considered, and mass-market products are excluded.
Fashion constitutes the bulk of sales in the global personal luxury goods industry and has a healthy growth outlook over the next five years.
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. Accordingly, fashion goods from smaller companies or artisanal production unaffiliated with the companies covered are not included. All data are shown at retail value, which includes markups for retail distribution and sales taxes.
The most notable companies are LVMH (with brands such as Louis Vuitton, Fendi or Loro Piana), Kering (Gucci, Balenciaga, Saint Laurent and other brands), Ralph Lauren and PVH (Calvin Klein, Tommy Hilfiger).
in-scope
- Apparel (Ready-to-Wear, Prêt-à-porter)
- Footwear
- 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)
Related markets:
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Region
Region comparison
Currency
Methodology
The Luxury Fashion 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 Fashion industry.
Overview
- Revenue
- Key Players
- Sales Channels
- Global Comparison
- Methodology
- Key Market Indicators
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