Market Insights Consumer Luxury Goods Luxury Fashion

Luxury Apparel - G7

In the year 2024, the Luxury Apparel market in G7 country generates a remarkable revenue of US$50.08bn.
According to market projections, this segment is anticipated to experience an annual growth rate of 2.49% (CAGR 2024-2028).
When compared to other countries worldwide, in the United States leads the pack in terms of revenue generation, with an impressive figure of US$20,430m in 2024.
To put things into perspective, in 2024, the per person revenue in the Luxury Apparel market amounts to US$64.35, taking into consideration the total population of the country.
In the luxury apparel market, Italy's rich heritage of craftsmanship and design continues to set the standard for elegance and sophistication.

Key regions: India, Singapore, United States, France, United Kingdom

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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.