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Luxury goods: market value in the U.S. 2015-2020

Market value of luxury goods in the United States from 2015 to 2020 (in million U.S. dollars)*

by Ian Tiseo, last edited Aug 9, 2019
Luxury goods: market value in the U.S. 2015-2020 The market value of luxury goods in the United States amounted to over 193 billion U.S. dollars in 2019 and was projected to increase to 197 billion U.S. dollars by 2020. The United States is home to the largest personal luxury goods market of any country in the world.
Top Luxury Brands Worldwide

Louis Vuitton is the leading luxury brand worldwide in terms of brand value, followed by Hermès and Gucci. The Louis Vuitton and Gucci brands are owned by the largest luxury companies in the world, LVMH and Kering Group, while Hermès is not owned by a larger conglomerate.

Luxury Goods and Online Consumer Behavior

Between 2016 and 2017, social media and influencers overtook magazines as the most popular source of information for consumers to form opinions and make decisions about luxury purchases. Brand websites were also a popular channel for consumers considering a luxury good purchase. Among American consumers, the most visited online luxury brands were Michael Kors, Coach, and Louis Vuitton.
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Market value of luxury goods in the United States from 2015 to 2020 (in million U.S. dollars)*

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