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Value of the global personal luxury goods market 2009-2018
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Value of the global personal luxury goods market 2009-2018
Value of the personal luxury goods market worldwide from 2009 to 2018 (in billion euros)
This statistic shows the value of the personal luxury goods market worldwide from 2009 to 2017 and provides a forecast for 2018. In 2017, the value of the personal luxury goods market worldwide was 254 billion euros.
Luxury Goods Industry
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. Although the technical term 'luxury good' is independent of the goods' quality, they are generally considered to be goods at the highest end of the market in terms of quality and price.
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 2017, with a value of 74 billion euros.
Louis Vuitton was the most valuable luxury brand in the world, with a brand value of about 41 billion U.S. dollars in 2018. The LVMH Group's total revenue for the 2017 fiscal year was about 42.6 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.
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This statistic shows the value of the personal luxury goods market worldwide from 2009 to 2017 and provides a forecast for 2018. In 2017, the value of the personal luxury goods market worldwide was 254 billion euros.
Luxury Goods Industry
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. Although the technical term 'luxury good' is independent of the goods' quality, they are generally considered to be goods at the highest end of the market in terms of quality and price.
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 2017, with a value of 74 billion euros.
Louis Vuitton was the most valuable luxury brand in the world, with a brand value of about 41 billion U.S. dollars in 2018. The LVMH Group's total revenue for the 2017 fiscal year was about 42.6 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.
Show moreLuxury Goods Industry
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. Although the technical term 'luxury good' is independent of the goods' quality, they are generally considered to be goods at the highest end of the market in terms of quality and price.
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 2017, with a value of 74 billion euros.
Louis Vuitton was the most valuable luxury brand in the world, with a brand value of about 41 billion U.S. dollars in 2018. The LVMH Group's total revenue for the 2017 fiscal year was about 42.6 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.
- Show sources information
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- Release date
- November 2018
- Region
- Worldwide
- Survey time period
- 2009 to 2018
- Supplementary notes
-
* Estimate.
Source
- Show sources information
- Show publisher information
- Release date
- November 2018
More information
- Region
- Worldwide
- Survey time period
- 2009 to 2018
- Supplementary notes
-
* Estimate.
Other statistics on the topic
Luxury goods market in China
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Statistics on "Luxury goods industry worldwide"
- Overview
The most important statistics
- Global retail market size from 2011 to 2021, by segment (in billion U.S. dollars)Retail sales worldwide from 2011 to 2021, by segment
- Value of various global luxury markets in 2018, by market type (in billion euros)Value of various global luxury markets 2018, by market type
- Value of the personal luxury goods market worldwide from 2009 to 2018 (in billion euros)Value of the global personal luxury goods market 2009-2018
- Share of the personal luxury goods market worldwide from 2015 to 2018, by regionShare of the luxury goods market worldwide 2015-2018, by region
- Value of the leading personal luxury goods markets worldwide in 2018, by country (in billion euros)*Leading personal luxury goods markets worldwide in 2018, by country
- Value of the off-price personal luxury goods market worldwide from 2012 to 2018 (in billion euros)Value of the global off-price personal luxury goods market 2012-2018
- Luxury product markets by category
The most important statistics
- Share of the personal luxury goods market worldwide in 2018, by product categoryShare of the luxury goods market worldwide by product category in 2018
- Personal luxury goods market value worldwide from 2009 to 2018, by market segment (in billion euros)Market size of the global personal luxury goods market 2009-2018, by market segment
- Luxury watch market value worldwide from 2018 to 2023 (in million U.S. dollars)Market size of the global luxury watch market from 2018 to 2023
- Market value of prestige cosmetics worldwide from 2015 to 2019 (in billion U.S. dollars)Market value of prestige cosmetics worldwide 2015-2019
- Market share of the fine jewelry categories worldwide in 2018Global market share of the fine jewelry categories in 2018
- Luxury retail
The most important statistics
- Brand value of the leading 10 most valuable luxury brands worldwide in 2018 (in million U.S. dollars)*Brand value of the leading 10 most valuable luxury brands worldwide 2018
- Sales of the leading luxury companies worldwide from 2012 to 2020 (in billion euros)Sales of the leading luxury companies worldwide 2012-2020
- Fastest growing luxury brands worldwide between 2014 and 2016Fastest growing luxury brands worldwide 2014-2016
- Value of the online personal luxury goods market worldwide from 2004 to 2018 (in billion euros)Value of the online personal luxury goods market worldwide 2004-2018
- Value of the airport personal luxury goods market worldwide from 2011 to 2018 (in billion euros)Value of the global airport personal luxury goods market 2011-2018
- Number of luxury goods retail stores worldwide in 2016, by brandGlobal luxury goods stores 2016, by brand
- Leading companies
The most important statistics
- Total revenue of the LVMH Group worldwide from 2008 to 2018 (in million euros)Total revenue of the LVMH Group worldwide 2008-2018
- Revenue share of the LVMH Group worldwide from 2008 to 2018, by geographic regionLVMH Group's revenue share worldwide from 2008 to 2018, by geographic region
- Revenue of the LVMH Group worldwide from 2008 to 2018, by segment (in million euros)Revenue of the LVMH Group worldwide by segment 2008-2018
- Global revenue of the Kering Group from 2008 to 2018 (in million euros)*Kering Group's global revenue from 2008 to 2018
- Revenue share of the Kering Group worldwide from 2012 to 2018, by regionRevenue share of the Kering Group worldwide from 2012 to 2018, by region
- Global revenue of the Kering Group from 2012 to 2018, by brand (in million euros)Revenue of the Kering Group worldwide from 2012 to 2018, by brand
- Total sales of the Richemont Group worldwide from FY2008 to FY2018 (in million euros)*Total sales of the Richemont Group worldwide 2008-2018
- Sales share of the Richemont Group worldwide in FY2018, by geographical region*Sales share of the Richemont Group worldwide 2018, by geographical region
- Consumer behavior
The most important statistics
- True luxury consumers net appetite in 2017, by category*Net appetite of luxury consumers in 2017, by category
- Where have you bought and researched the last luxury item purchased*?Purchase and research channels for luxury items worldwide 2017
- Which of the following online sources of information/channels impact how you develop opinions or make decisions about luxury purchases?Levers impacting opinions or purchase decisions worldwide 2016-2017
- Leading reasons why Millennials are willing to spend money on high-end fashion or luxury items worldwide in 2017Reasons Millennials spend money on luxury products worldwide 2017
- Occasions when Millennials consider purchasing high-end fashion or luxury items worldwide 2017Luxury goods purchase triggers for Millennials worldwide 2017
- Most visited online luxury brands in the United States in May 2018, by number of visits (in millions)Most visited online luxury brands in the U.S. 2018, by number of visits
Popular Related Keywords
- luxury
- luxury goods
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Further Content: Statistics, Studies, and Topic Pages
Statistics
- Value of the personal luxury goods market China 2007-2016
- Luxury market value in India 2015-2016
- Global airport personal luxury goods market share by region 2015
- Global airport personal luxury goods market share by category 2015
- Global off-price personal luxury goods market share by category 2015
- Consumer spending on luxury goods in China 2010, by tier
- Luxury purchase locations of Chinese shoppers 2010
- Global off-price personal luxury goods market share by region 2015
- Sales share of the luxury goods market worldwide 2007-2013, by gender
- Share of the luxury goods market worldwide 1995 vs. 2012, by owner nationality
- Locations Millennials buy luxury goods worldwide 2017
- Share of the global luxury goods market 1995 vs. 2012, by brand nationality
- Luxury goods purchase decision influences among Millennials worldwide 2017
- Benefits to in-store luxury goods shopping among Millennials worldwide 2017
- Factors Millennials find appealing in luxury brands worldwide 2017
- Important aspects of luxury retail stores in the U.S. 2018
- Reasons for purchasing luxury goods worldwide 2013
- Global luxury furniture market size from 2017 to 2023
- Italy: fashion export value H1 2016, by country
- Italy: export value of fur clothing products 2016, by country
Studies
- Luxury goods industry worldwide
- Luxury goods market in China
- Luxury goods in the United Kingdom (UK)
- Luxury goods in Europe
- Prestige/luxury cosmetics market
- Luxury Watch Industry
- Luxury Goods Worldwide Market Study, Fall-Winter 2018
- Luxury advertising and marketing
- Global Powers of Luxury Goods 2018
- Luxury goods worldwide market study, fall-winter 2017
- The Digital Frontier for Luxury Goods 2017
- Global Powers of Luxury Goods 2017
- The Kering Group
- Gucci
- LVMH
Statistics on "Luxury goods industry worldwide"
- Global retail market size from 2011 to 2021, by segment (in billion U.S. dollars)
- Value of various global luxury markets in 2018, by market type (in billion euros)
- Value of the personal luxury goods market worldwide from 2009 to 2018 (in billion euros)
- Share of the personal luxury goods market worldwide from 2015 to 2018, by region
- Value of the leading personal luxury goods markets worldwide in 2018, by country (in billion euros)*
- Value of the off-price personal luxury goods market worldwide from 2012 to 2018 (in billion euros)
- Share of the personal luxury goods market worldwide in 2018, by product category
- Personal luxury goods market value worldwide from 2009 to 2018, by market segment (in billion euros)
- Luxury watch market value worldwide from 2018 to 2023 (in million U.S. dollars)
- Market value of prestige cosmetics worldwide from 2015 to 2019 (in billion U.S. dollars)
- Market share of the fine jewelry categories worldwide in 2018
- Brand value of the leading 10 most valuable luxury brands worldwide in 2018 (in million U.S. dollars)*
- Sales of the leading luxury companies worldwide from 2012 to 2020 (in billion euros)
- Fastest growing luxury brands worldwide between 2014 and 2016
- Value of the online personal luxury goods market worldwide from 2004 to 2018 (in billion euros)
- Value of the airport personal luxury goods market worldwide from 2011 to 2018 (in billion euros)
- Number of luxury goods retail stores worldwide in 2016, by brand
- Total revenue of the LVMH Group worldwide from 2008 to 2018 (in million euros)
- Revenue share of the LVMH Group worldwide from 2008 to 2018, by geographic region
- Revenue of the LVMH Group worldwide from 2008 to 2018, by segment (in million euros)
- Global revenue of the Kering Group from 2008 to 2018 (in million euros)*
- Revenue share of the Kering Group worldwide from 2012 to 2018, by region
- Global revenue of the Kering Group from 2012 to 2018, by brand (in million euros)
- Total sales of the Richemont Group worldwide from FY2008 to FY2018 (in million euros)*
- Sales share of the Richemont Group worldwide in FY2018, by geographical region*
- Sales of the Richemont Group worldwide from FY2008 to FY2018, by business segment (in million euros)*
- True luxury consumers net appetite in 2017, by category*
- Where have you bought and researched the last luxury item purchased*?
- Which of the following online sources of information/channels impact how you develop opinions or make decisions about luxury purchases?
- Leading reasons why Millennials are willing to spend money on high-end fashion or luxury items worldwide in 2017
- Occasions when Millennials consider purchasing high-end fashion or luxury items worldwide 2017
- Most visited online luxury brands in the United States in May 2018, by number of visits (in millions)
- Value of the personal luxury goods market in China from 2007 to 2016 (in billion euros)
- Value of luxury market across India in 2015 and 2016 (in billion U.S. dollars)
- Airport personal luxury goods market share worldwide in 2015, by region*
- Airport personal luxury goods market share worldwide in 2015, by category*
- Off-price personal luxury goods market share worldwide in 2015, by category*
- How much did you spend on luxury goods (excluding autos)?
- Luxury purchase locations of Chinese shoppers in 2010
- Off-price personal luxury goods market share worldwide in 2015, by region*
- Sales share of the luxury goods market worldwide from 2007 to 2013, by gender
- Share of the luxury goods market worldwide in 1995 vs. 2012, by owner nationality
- Distribution channels used by Millennials when purchasing high-end fashion or luxury goods worldwide in 2017
- Share of the luxury goods market worldwide in 1995 vs. 2012, by brand nationality
- Leading luxury goods purchase decision influences among Millennials worldwide 2017
- Reasons Millennials believe it's beneficial to shop for high end fashion and luxury items in-store worldwide in 2017
- Attributes of luxury goods brands that Millennials find the most appealing worldwide in 2017
- Which of the following aspects of a luxury retail store are particularly relevant to you?
- Why do you buy luxury goods?*
- Value of the luxury furniture market worldwide from 2017 to 2023 (in billion U.S. dollars)*
- Value generated from exports of the fashion industry in Italy in the first semester of 2016, by country (in million euros)
- Export value of the Italian fur clothing industry* in 2016, by country of destination (in million euros)
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