Market Insights Consumer Luxury Goods Luxury Fashion

Luxury Apparel - Luxembourg

Luxembourg

in Luxembourg, a country known for its affluent population, plays a significant role in the Luxury Apparel market.
In 2024, the revenue in this segment amounts to a substantial US$141.90m.
Looking ahead, the market is projected to experience an annual growth rate of 3.89% between 2024 and 2028, according to the compound annual growth rate (CAGR).
In comparison to other countries, in the United States stands out as the top revenue generator in the Luxury Apparel market.
In 2024 alone, it is estimated to generate a staggering US$20,430m.
This highlights the dominance of the US market in this sector.
When considering the per capita revenue, in Luxembourg stands out once again.
In 2024, it generates an impressive US$214.50 per person in the Luxury Apparel market.
This figure demonstrates the high spending power and luxury consumption habits of the Luxembourgish population.
Overall, Luxembourg's luxury apparel market is thriving, contributing significantly to the global luxury industry.
Luxembourg's affluent population and high disposable income make it a prime market for luxury apparel brands.

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.