Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Sales of the luxury goods industry in selected countries 2015

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.

One weak spot for luxury goods, however, has long been online retailing, with luxury consumers not only wanting the product but also the in-store experience to go with it. E-boutiques are still very much a developing market channel; expect online luxury retailing to see long-term growth as luxury brands use it to access new markets.

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)*

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

December 2015

Region

Worldwide

Survey time period

2015

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Luxury goods in the United Kingdom (UK)"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.