Luxury Fashion - Southern Europe

Southern Europe

In Southern Europe, the revenue in the Luxury Fashion market reaches an impressive US$13.77bn in 2024.
It is projected that this market will experience an annual growth rate of 3.15% (CAGR 2024-2028).
When comparing globally, in the United States leads the way in terms of revenue, generating a staggering US$27,670m in 2024.
To put things into perspective, in 2024, each person in Southern Europe contributes approximately US$58.17 to the Luxury Fashion market's revenue.
This showcases the significance and potential of this market segment in the region.
Italy, known for its rich fashion heritage, continues to dominate the luxury fashion market in Southern Europe with its exquisite craftsmanship and timeless designs.

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

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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.