Global Luxury Goods Industry - Statistics & Facts

The global luxury goods industry, which includes drinks, fashion, cosmetics, fragrances, watches, jewelry, luggage and handbags has been on an upward climb for many years. The value of the global personal luxury goods market was 212 billion euros in 2013 and is estimated to be worth about 249 billion euros in 2016. Although the technical term luxury good is independent of the goods' quality, they are generally considered to be goods at the highest end of the market in terms of quality and price. The United States has been the largest regional market for luxury goods and is estimated to continue to be the leading personal luxury goods market in 2015, with a value of 78.6 billion euros.

Luxury or prestige brands are brands for which a majority of its products are luxury goods. Louis Vuitton is the most valuable luxury brand in the world, with a brand value of about 28.51 billion U.S. dollars. The LVMH Group's total revenue for the 2016 fiscal year was about 37.6 billion euros.

The personal luxury goods industry is expected to continue to grow, especially in the Middle East; the market is expected to increase by 19 percent in 2015 to total about 8.1 billion euros.

This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
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Value of the personal luxury goods market worldwide

262bn EUR

Brand value of Louis Vuitton

29.24bn USD
Luxury Goods Industry Overview
Value of the personal luxury goods market worldwide 262bn EUR Value of global luxury cars market 489bn EUR Value of the global luxury private jets and yachts market 23bn EUR Value of the global luxury hospitality market 191bn EUR Value of the European luxury goods market 74bn EUR Compound annual growth rate (CAGR) of the luxury goods market in Eastern Europe 4% Compound annual growth rate (CAGR) of the luxury goods market in Western Europe 1.3% Value of the U.S. luxury goods market 78.6bn euros
Luxury Retail
Brand value of Louis Vuitton 29.24bn USD Compound annual growth rate (CAGR) of LVMH 5.3% Compound annual growth rate (CAGR) of Prada 3% Value of the online personal luxury goods market worldwide 23.5bn EUR Value of the personal luxury goods market in New York City in 2015 27bn EUR
Leading Luxury Goods Companies
Total revenue of the LVMH Group worldwide 42,636m EUR Total revenue of Hermès worldwide 5202.2m EUR Total sales of the Richemont Group worldwide 10,647m EUR Sales share of Gucci's shoes product category 19%

Luxury goods industry worldwide - Important statistics

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Luxury Goods Industry Overview
Value of the personal luxury goods market worldwide 262bn EUR Value of global luxury cars market 489bn EUR Value of the global luxury private jets and yachts market 23bn EUR Value of the global luxury hospitality market 191bn EUR Value of the European luxury goods market 74bn EUR Compound annual growth rate (CAGR) of the luxury goods market in Eastern Europe 4% Compound annual growth rate (CAGR) of the luxury goods market in Western Europe 1.3% Value of the U.S. luxury goods market 78.6bn euros
Luxury Retail
Brand value of Louis Vuitton 29.24bn USD Compound annual growth rate (CAGR) of LVMH 5.3% Compound annual growth rate (CAGR) of Prada 3% Value of the online personal luxury goods market worldwide 23.5bn EUR Value of the personal luxury goods market in New York City in 2015 27bn EUR
Leading Luxury Goods Companies
Total revenue of the LVMH Group worldwide 42,636m EUR Total revenue of Hermès worldwide 5202.2m EUR Total sales of the Richemont Group worldwide 10,647m EUR Sales share of Gucci's shoes product category 19%

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