Market value of luxury and premium apparel worldwide 2018-2022

In 2018, the luxury apparel market was valued at around 69 billion euros. This market was forecast to reach a value of 79 billion euros by 2022. The global personal luxury goods market was valued at approximately 329.59 billion euros in 2018.

Market value of luxury and premium apparel worldwide from 2018 to 2022 (in billion euros)

Characteristic	Luxury apparel*	Premium and entry-to-luxury apparel**
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Release date

December 2019

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Region

Worldwide

Survey time period

2018

Supplementary notes

* For the Statista estimate an exponential development of the values between 2018 and 2022 was assumed to estimate the annual values. The values for 2018 and 2022 and a CAGR of three percent were provided by the source.
** For the Statista estimate an exponential development of the values between 2018 and 2022 was assumed to estimate the annual values. The values for 2018 and 2022 and a CAGR of eight percent were provided by the source.

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