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Luxury Goods in China

Publisher MarketLine
Published Jun 12, 2025
Length 47 Pages
SKU # MTLN20390992

Description

Luxury Goods in China

Summary

Luxury Goods in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 Chinese luxury goods market recorded revenues of $76.9 billion in 2024, representing a compound annual growth rate (CAGR) of 5.5% between 2019 and 2024.
  • The apparel, footwear & accessories segment accounted for the market's largest proportion in 2024, with total revenues of $52.2 billion, equivalent to 67.9% of the market's overall value.
  • According to GlobalData, China made up 45.0% of the Asia-Pacific luxury goods market in 2024. Its luxury market grew at a healthy pace in previous years, driven by rising wealth, an expanding middle class, and a savings culture that supported premium spending.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the luxury goods market in China
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the luxury goods market in China
  • 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 China luxury goods market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the China luxury goods market by value in 2024?
  • What will be the size of the China luxury goods market in 2029?
  • What factors are affecting the strength of competition in the China luxury goods market?
  • How has the market performed over the last five years?
  • Who are the top competitors in China's luxury goods market?

Table of Contents

47 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. Kering SA
8.2. Compagnie Financiere Richemont SA
8.3. LVMH Moet Hennessy Louis Vuitton SE
8.4. Chow Tai Fook Jewellery Group Ltd
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: China luxury goods market value: $ million, 2019-24
Table 2: China luxury goods market category segmentation: % share, by value, 2019-24
Table 3: China luxury goods market category segmentation: $ million, 2019-24
Table 4: China luxury goods market geography segmentation: $ million, 2024
Table 5: China luxury goods market value forecast: $ million, 2024-29
Table 6: Kering SA: Key Facts
Table 7: Kering SA: Annual Financial Ratios
Table 8: Kering SA: Key Employees
Table 9: Kering SA: Key Employees Continued
Table 10: Compagnie Financiere Richemont SA: Key Facts
Table 11: Compagnie Financiere Richemont SA: Annual Financial Ratios
Table 12: Compagnie Financiere Richemont SA: Key Employees
Table 13: LVMH Moet Hennessy Louis Vuitton SE: Key Facts
Table 14: LVMH Moet Hennessy Louis Vuitton SE: Annual Financial Ratios
Table 15: LVMH Moet Hennessy Louis Vuitton SE: Key Employees
Table 16: LVMH Moet Hennessy Louis Vuitton SE: Key Employees Continued
Table 17: Chow Tai Fook Jewellery Group Ltd: Key Facts
Table 18: Chow Tai Fook Jewellery Group Ltd: Annual Financial Ratios
Table 19: Chow Tai Fook Jewellery Group Ltd: Key Employees
Table 20: China Size of Population (Million), 2020-24
Table 21: China Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: China GDP (Current Prices, $ Billion), 2020-24
Table 23: China Inflation, 2020-24
Table 24: China Consumer Price Index (Absolute), 2020-24
Table 25: China Exchange Rate, 2019-24
List of Figures
Figure 1: China luxury goods market value: $ million, 2019-24
Figure 2: China luxury goods market category segmentation: $ million, 2019-24
Figure 3: China luxury goods market geography segmentation: % share, by value, 2024
Figure 4: China luxury goods market value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the luxury goods market in China, 2024
Figure 6: Drivers of buyer power in the luxury goods market in China, 2024
Figure 7: Drivers of supplier power in the luxury goods market in China, 2024
Figure 8: Factors influencing the likelihood of new entrants in the luxury goods market in China, 2024
Figure 9: Factors influencing the threat of substitutes in the luxury goods market in China, 2024
Figure 10: Drivers of degree of rivalry in the luxury goods market in China, 2024

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