Luxury Fashion - Asia

Asia

In the year 2024, the revenue generated in the Luxury Fashion market in Asia amounts to a staggering US$33.00bn.
This market is projected to experience an annual growth rate of 4.18% from 2024 to 2028 (CAGR 2024-2028).
When compared to other regions worldwide, in the United States takes the lead in terms of revenue, generating US$27,670m in 2024.
Looking at the population figures, the per person revenue in Asia for 2024 stands at US$7.26.
In Japan, luxury fashion brands are thriving, with consumers eagerly embracing the unique blend of traditional and contemporary styles.

Key regions: United States, Italy, Russia, France, India

Market

Region

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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.