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Market size of the global luxury clothing market from 2020 to 2031

Published by
Tugba Sabanoglu,
Feb 25, 2022
This statistic depicts the value of the luxury apparel market worldwide from 2020 to 2031. In 2020, the global luxury apparel market was valued at approximately 71 billion U.S. dollars, and was forecast to reach a value of 278 billion U.S. dollars by 2031.

Luxury apparel market value worldwide from 2020 to 2031 (in billion U.S. dollars)

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Sources

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Release date

February 2022

Region

Worldwide

Survey time period

2021

Supplementary notes

For the Statista estimate an exponential development of the values between 2020 and 2031 was assumed to estimate the annual values. The values for 2020 and 2031 were provided by the source.

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