Report cover image

Global Luxury Apparel Market to 2029

Publisher GlobalData
Published May 27, 2025
Length 42 Pages
SKU # GBDT20133195

Description

Global Luxury Apparel Market to 2029

Summary

This report offers an analysis of both the historic and forecast data of the global luxury apparel market through to 2029. It provides a insights into key trends within the luxury apparel market, alongside sales and growth across different regions and category groups. It also highlights key global luxury apparel brands and their current competitive position.

The luxury apparel market is expected to have contracted 2.4% in 2024, due to macroeconomic challenges such as inflation in Europe and the US and the downturn in China affecting consumer spending. Between 2024 and 2029, clothing is projected to achieve the strongest category CAGR of 3.1%, driven by ultra-wealthy shoppers prioritizing trend-driven purchases, with womenswear expected to outperform. Asia-Pacific is set to achieve the strongest regional 2024-2029 CAGR of 4.0%, fueled by the recovery of China, along with strong economic growth in emerging markets. Louis Vuitton remains by far the largest luxury apparel brand, slightly gaining share to 9.8% in 2024. Hermès is was the biggest winner in 2024, with its share rising 0.7ppts to 6.0%, thanks to its exclusivity and superior quality retaining ultra-wealthy luxury shoppers.

Scope
  • The luxury market will slightly outperform the total apparel market from 2028 onwards as macroeconomic conditions improve
  • The Asia-Pacific region will continue to grow share, thanks to its fast-growing income levels
  • Footwear will continue to underperform out to 2029, as consumers favour trainers from premium and mass market brands
Reasons to Buy
  • Gain an understanding of the drivers and inhibitors in the global luxury apparel market
  • Understand where the demand lies within the global luxury apparel market across categories, and brands, to allow you to maximise customer acquisition.
  • Identify the key approaches brands are taking to stand out in the global luxury apparel market, and how you can adapt these to fit your own business.

Table of Contents

42 Pages
EXECUTIVE SUMMARY
KEY TRENDS IN THE GLOBAL LUXURY APPAREL MARKET
Global Luxury Apparel Market Drivers
Global Luxury Apparel Market Inhibitors
Changes in creative directors create opportunities and uncertainty
Brands try to capture male spend through influential trends and celebrities
Strategies for Success
THE GLOBAL LUXURY APPAREL MARKET: GLOBAL MARKET SIZE TO 2029
Global Luxury Apparel Market 2019, 2024 & 2029
Global Luxury Apparel Market Value, 2019-2029
Global Luxury Apparel Market Volume, 2019-2029
Global Luxury Apparel Market by Price Positioning Share, 2019, 2024 & 2029
Global Luxury Apparel Market by Price Positioning Growth, 2019-2029
THE GLOBAL LUXURY APPAREL MARKET: REGIONAL PERFORMANCE TO 2029
Global Luxury Apparel Market by Regional Share, 2019-2029
Global Luxury Apparel Market by Regional Growth, 2019-2029
Top 10 Luxury Apparel Markets by Value, 2019, 2024, 2025 & 2029
Fastest Growing Luxury Apparel Markets by Forecast CAGR, 2024-2029
THE GLOBAL LUXURY APPAREL MARKET: CATEGORY PERFORMANCE TO 2029
Global Luxury Apparel Market by Category Share, 2019-2029
Global Luxury Apparel Market by Category Growth, 2019-2029
Global Luxury Apparel Market by Category Value, 2019, 2024, 2025 & 2029
COMPETITIVE LANDSCAPE: MARKET SHARES & BRAND PROFILES
Top 10 Luxury Apparel Brands 2023 & 2024
Top 10 Brands: Winners & Losers Outlook
Brand in Focus: Chanel
Brand in Focus: Prada
Brands in Focus: Loro Piana & Hermès
Brands to Watch
METHODOLOGY
CONTACT US
List of Figures
Global Luxury Apparel Market Value, 2019, 2024 & 2029 ($ bn) with five-year CAGR (%)
Global Luxury Apparel Market Value ($ bn) 2019-2029, and Annual Growth (%)
Global Luxury Apparel Market Volume (units bn) 2019-2029, and Annual Growth (%)
Price Positioning Share (%) within the Global Luxury Apparel Market, 2019, 2024 & 2029
Top 10 Global Premium Apparel Markets by Forecast CAGR (%) 2024-2029
Price Positioning Growth (%) within the Global Luxury Apparel Market, 2019-2029
Regional Share (%) within the Global Luxury Apparel Market, 2019, 2024 & 2029
Regional Growth (%) within the Global Luxury Apparel Market, 2019-2029
Fastest Growing Luxury Apparel Markets by Forecast CAGR (%) 2024-2029
Category Share (%) within the Global Luxury Apparel Market, 2019, 2024 & 2029
Category Growth (%) within the Global Luxury Apparel Market, 2019-2029
Global Luxury Apparel Categories by Value ($ bn), 2019, 2024, 2025 & 2029 with Forecast CAGR (%) 2024-2029
Top 10 Luxury Apparel Brands by Market Share (%) 2023 & 2024 with Change in Share 2023-2024
Chanel’s Global Luxury Apparel Market Share (%) 2019-2024
Prada’s Global Luxury Apparel Market Share (%) 2019-2024

Search Inside Report

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us