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Global Luxury Goods

Publisher MarketLine
Published Jun 12, 2025
Length 45 Pages
SKU # MTLN20391038

Description

Global Luxury Goods

Summary

Global Luxury Goods industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The luxury goods market deals with high-end and premium products, which are not considered as essential or necessary for daily living but are rather associated with indulgence and exclusivity. Our market value includes retail sales. Market value does not include non-product sales such as services.
  • The global luxury goods market recorded revenues of $477.6 billion in 2024, representing a compound annual growth rate (CAGR) of 3.8% between 2019 and 2024.
  • The apparel, footwear & accessories segment accounted for the market's largest proportion in 2024, with total revenues of $201.5 billion, equivalent to 42.2% of the market's overall value.
  • The growth of the global luxury goods market during 2019-24 was driven by the rise in digital sales of luxury goods. This is due to the rise in awareness about digital platforms, an increase in internet users, expanding consumer confidence in online shopping platforms, and improving digital infrastructure.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the luxury goods market in the global
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global luxury goods market
  • Leading company profiles reveal details of key luxury goods market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Global luxury goods market with five year forecasts
Reasons to Buy
  • What was the size of the Global luxury goods market by value in 2024?
  • What will be the size of the Global luxury goods market in 2029?
  • What factors are affecting the strength of competition in the Global luxury goods market?
  • How has the market performed over the last five years?
  • How large is the global’s luxury goods market in relation to its regional counterparts?

Table of Contents

45 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading player?
7.4. What have been the recent market developments?
8 Company Profiles
8.1. Chanel S.A.
8.2. LVMH Moet Hennessy Louis Vuitton SE
8.3. Kering SA
8.4. Compagnie Financiere Richemont SA
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Global luxury goods market value: $ million, 2019-24
Table 2: Global luxury goods market category segmentation: % share, by value, 2019-24
Table 3: Global luxury goods market category segmentation: $ million, 2019-24
Table 4: Global luxury goods market geography segmentation: $ million, 2024
Table 5: Global luxury goods market value forecast: $ million, 2024-29
Table 6: Chanel S.A.: Key Facts
Table 7: Chanel S.A.: Key Employees
Table 8: LVMH Moet Hennessy Louis Vuitton SE: Key Facts
Table 9: LVMH Moet Hennessy Louis Vuitton SE: Annual Financial Ratios
Table 10: LVMH Moet Hennessy Louis Vuitton SE: Key Employees
Table 11: LVMH Moet Hennessy Louis Vuitton SE: Key Employees Continued
Table 12: Kering SA: Key Facts
Table 13: Kering SA: Annual Financial Ratios
Table 14: Kering SA: Key Employees
Table 15: Kering SA: Key Employees Continued
Table 16: Compagnie Financiere Richemont SA: Key Facts
Table 17: Compagnie Financiere Richemont SA: Annual Financial Ratios
Table 18: Compagnie Financiere Richemont SA: Key Employees
Table 19: Global Exchange Rate, 2019-24
List of Figures
Figure 1: Global luxury goods market value: $ million, 2019-24
Figure 2: Global luxury goods market category segmentation: $ million, 2019-24
Figure 3: Global luxury goods market geography segmentation: % share, by value, 2024
Figure 4: Global luxury goods market value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the global luxury goods market, 2024
Figure 6: Drivers of buyer power in the global luxury goods market, 2024
Figure 7: Drivers of supplier power in the global luxury goods market, 2024
Figure 8: Factors influencing the likelihood of new entrants in the global luxury goods market, 2024
Figure 9: Factors influencing the threat of substitutes in the global luxury goods market, 2024
Figure 10: Drivers of degree of rivalry in the global luxury goods market, 2024

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