Luxury Goods Report 2020

Statista Consumer Market Outlook

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In the Consumer Market Outlook, Luxury Goods encompass highly exclusive personal items that convey the taste and status of their owners.
The market is divided into five segments: Luxury Leather Goods, Luxury Watches & Jewelry, Luxury Fashion, Luxury Eyewear and Prestige Cosmetics & Fragrances. Key trends shaping the industry are a continued emphasis on manufacturer-owned retail, a more pronounced shift of sales from the established core markets in Western Europe, North America and Japan to Greater China and other emerging markets and a bigger role of the still underdeveloped eCommerce channel.
This report from the series of Consumer Market Outlook reports gives an overview of the Luxury Goods market from an international perspective. Besides all relevant market figures like total and per capita revenues for the years from 2010 to 2025, we furthermore give detailed insights into current trends, key players and important background information on the Luxury Goods market.

In general, the Luxury Goods market is expected to grow at a CAGR of 4.7% between 2012 and 2025. Within the Luxury Goods market, both the Luxury Leather Goods segment and the Prestige Cosmetics & Fragrances segment show the highest growth potential and are expected to increase by 33% reaching US$64 and US$101 billion in 2025.

Note: CAGR: Compound Annual Growth Rate / average growth rate per year

  • Language: English
  • Released: August 2020
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