Premium statistics

Industry-specific and extensively researched technical data (partially from exclusive partnerships).

A paid subscription is required for full access.

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.
Show more

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

Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
Related Studies: Available to Download in PDF or PPTX Format
Luxury advertising and marketing
Luxury advertising and marketing

All Information
in one Presentation

Luxury advertising and marketing

Everything On "Luxury advertising and marketing" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Statista is a great source of knowledge, and pretty helpful to manage the daily work.
Christof Baron

Christof Baron
CEO, MindShare Germany

Statistics on "Luxury advertising and marketing"
  • Luxury goods market
The most important statistics
  • Market leaders
  • Advertising spending
  • Marketer perspective
  • Consumer perspective
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.