This statistic shows the sales share of the luxury goods market worldwide from 2007 to 2012 and provides an estimate for 2013, by gender. In 2011, 60 percent of global luxury goods sales were made by women.
Luxury Goods Market
The global luxury goods industry, which includes drinks, fashion, cosmetics, fragrances, watches, jewelry, luggage and handbags, has been on an upward climb for many years. Luxury goods manufacturers meet consumer demand by focusing on brand, aesthetics, quality materials, superior craftsmanship and pricing to transform everyday objects into status symbols. The industry rises and falls with the gross domestic product (GDP), seeing demand climb in times of economic stability and plummeting in unfavorable economic climates. The United States has long been the largest regional market for luxury goods and is estimated to continue to be the leading personal luxury goods market in 2014, with a value of 64.9 billion euros.
New markets and segments are giving the industry growth points. One challenge for luxury companies is to maintain brand equity and cultivate their customer relationships. As luxury expands into more industries, expect a more mature segmented market. As a result, consumers should also become more rational.
Sales share of the luxury goods market worldwide from 2007 to 2013, by gender
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Bain & Company. (October 15, 2013). Sales share of the luxury goods market worldwide from 2007 to 2013, by gender [Graph]. In Statista. Retrieved December 10, 2024, from https://www.statista.com/statistics/246146/sales-of-the-luxury-goods-market-worldwide-by-gender/
Bain & Company. "Sales share of the luxury goods market worldwide from 2007 to 2013, by gender." Chart. October 15, 2013. Statista. Accessed December 10, 2024. https://www.statista.com/statistics/246146/sales-of-the-luxury-goods-market-worldwide-by-gender/
Bain & Company. (2013). Sales share of the luxury goods market worldwide from 2007 to 2013, by gender. Statista. Statista Inc.. Accessed: December 10, 2024. https://www.statista.com/statistics/246146/sales-of-the-luxury-goods-market-worldwide-by-gender/
Bain & Company. "Sales Share of The Luxury Goods Market Worldwide from 2007 to 2013, by Gender." Statista, Statista Inc., 15 Oct 2013, https://www.statista.com/statistics/246146/sales-of-the-luxury-goods-market-worldwide-by-gender/
Bain & Company, Sales share of the luxury goods market worldwide from 2007 to 2013, by gender Statista, https://www.statista.com/statistics/246146/sales-of-the-luxury-goods-market-worldwide-by-gender/ (last visited December 10, 2024)
Sales share of the luxury goods market worldwide from 2007 to 2013, by gender [Graph], Bain & Company, October 15, 2013. [Online]. Available: https://www.statista.com/statistics/246146/sales-of-the-luxury-goods-market-worldwide-by-gender/