Luxury Goods - Worldwide

  • Worldwide
  • In 2024, the Luxury Goods market is projected to generate a revenue of US$368.90bn.
  • This market is anticipated to grow at an annual rate of 3.22% (CAGR 2024-2028).
  • The largest segment within this market is Luxury Fashion, which is expected to reach a market volume of US$115.90bn in 2024.
  • When comparing revenue on a global scale, in the United States leads the way with US$77,280m in 2024.
  • This highlights the significant contribution of the US to the Luxury Goods market worldwide.
  • Considering the population figures, per person revenues in 2024 amount to US$47.61.
  • This indicates the average amount of revenue generated per individual in relation to the total population.
  • Furthermore, it is projected that online sales will account for 15.4% of the total revenue in the Luxury Goods market by 2024.
  • Luxury goods sales in the United States have rebounded strongly, driven by increased consumer confidence and a growing appetite for high-end fashion and accessories.

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

Region comparison

Analyst Opinion

When marketing luxury, exclusivity constitutes the conceptual key element. This exclusivity is maintained mainly by a high price point but also by consciously limiting sales volumes and outlets. 2018 was a good year for luxury goods companies, continuing the rebound of the global luxury goods industry which started in 2017 after two relatively sluggish years. Key trends shaping the industry are a continued emphasis on manufacturer-owned retail, a more pronounced shift of sales from the established core markets in Central & Western Europe, North America, and Japan to Greater China and other emerging markets, as well as the increasing role of a fast-growing eCommerce channel.


The Luxury Goods 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 Goods industry.


  • Revenue
  • Analyst Opinion
  • Sales Channels
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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