This statistic shows the estimated sales of the luxury goods industry in selected countries in 2015. In that year, The United States' luxury goods industry was projected to have generated 78.6 billion euros.
Luxury goods industry
Generally speaking, garments, accessories, jewellery, watches, fragrances and cosmetics are considered to be constituent parts of the luxury market. The U.S. luxury goods market has continued to soar to post-crisis heights in 2014, with its fifth year of growth. Globally, luxury goods sales are expected to exceed 220 billion euros by 2014. In terms of value, the four biggest markets are the United States, Japan, Italy and China, collectively accounting for almost half of total luxury goods sales.
New markets and segments are giving the industry growth points. One challenge for luxury companies is to maintain brand equity and cultivate on 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 of the luxury goods industry in selected countries in 2015 (in billion euros)*
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. (December 31, 2015). Sales of the luxury goods industry in selected countries in 2015 (in billion euros)* [Graph]. In Statista. Retrieved December 08, 2024, from https://www.statista.com/statistics/273395/sales-of-the-luxury-goods-industry-in-selected-countries/
Bain & Company. "Sales of the luxury goods industry in selected countries in 2015 (in billion euros)*." Chart. December 31, 2015. Statista. Accessed December 08, 2024. https://www.statista.com/statistics/273395/sales-of-the-luxury-goods-industry-in-selected-countries/
Bain & Company. (2015). Sales of the luxury goods industry in selected countries in 2015 (in billion euros)*. Statista. Statista Inc.. Accessed: December 08, 2024. https://www.statista.com/statistics/273395/sales-of-the-luxury-goods-industry-in-selected-countries/
Bain & Company. "Sales of The Luxury Goods Industry in Selected Countries in 2015 (in Billion Euros)*." Statista, Statista Inc., 31 Dec 2015, https://www.statista.com/statistics/273395/sales-of-the-luxury-goods-industry-in-selected-countries/
Bain & Company, Sales of the luxury goods industry in selected countries in 2015 (in billion euros)* Statista, https://www.statista.com/statistics/273395/sales-of-the-luxury-goods-industry-in-selected-countries/ (last visited December 08, 2024)
Sales of the luxury goods industry in selected countries in 2015 (in billion euros)* [Graph], Bain & Company, December 31, 2015. [Online]. Available: https://www.statista.com/statistics/273395/sales-of-the-luxury-goods-industry-in-selected-countries/