Global Luxury Apparel Market to Reach $97.6 Billion by 2030
The global market for Luxury Apparel estimated at US$73.3 Billion in the year 2022, is projected to reach a revised size of US$97.6 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030. Clothing, one of the segments analyzed in the report, is projected to record 3.6% CAGR and reach US$56.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Accessories segment is readjusted to a revised 4.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $19.8 Billion, While China is Forecast to Grow at 5.7% CAGR
The Luxury Apparel market in the U.S. is estimated at US$19.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$19.6 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.Select Competitors (Total 46 Featured) -
- Burberry Group PLC
- Carrington Hull Associates Limited, doing business as Drakes
- Christian Dior SA
- Coach, Inc.
- Gianni Versace Srl
- Giorgio Armani SpA
- Hermes International SA
- Kohoku Kogyo Company Limited
- Michael Kors
- Nike, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Burberry Group PLC
- Carrington Hull Associates Limited, doing business as Drakes
- Christian Dior SA
- Coach, Inc.
- Gianni Versace Srl
- Giorgio Armani SpA
- Hermes International SA
- Kohoku Kogyo Company Limited
- Michael Kors
- Nike, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 273 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 73.3 Billion |
Forecasted Market Value ( USD | $ 97.6 Billion |
Compound Annual Growth Rate | 3.6% |
Regions Covered | Global |