Global Luxury Retailing 2019-2029 provides analysis, trends, market forecasts, and brands in the global luxury retail market between 2019-2029
Key Highlights
- After a strong boost in luxury sales during 2023, the global luxury market saw a decline of 2.7% to reach $462.3 billion in 2024 due to a loss in consumer confidence caused by rising economic uncertainty and the resulting shift in consumer spending towards essentials.
- Despite a decrease in regional market share from 36.3% in 2019 to 34.8% in 2024, the Asia-Pacific region remains the dominant force in the global luxury market. This area boasts a significant number of young, affluent consumers and an increase in tourist arrivals.
- LVMH continues to dominate the global luxury market in 2024, securing a 24.3% share of the global luxury market despite a sales decline of 3.6% caused by a dampened demand for its fashion and leather goods.
Scope
- Growth of global luxury slows amid declining consumer confidence and rising economic uncertainties
- Luxury market in APAC dominates but growth stalls; Americas shows robust growth driven by increasing tourism and store openings
- Demand for LVMH declines despite strong growth momentum for its selective retailing business unit (Sephora, DFS, and Le Bon Marché)
Reasons to Buy
- Gain comprehensive knowledge of the global luxury retail market and develop a competitive advantage
- Investigate current trends in the global luxury retail markets to identify the best opportunities to exploit
- Analysis of key luxury retail players operating globally
- Explore opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the luxury retail markets globally
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
- Analysis of key international players operating in global luxury retail market - including market shares and revenues that give you a competitive edge and identify opportunities to improve your strategy
Table of Contents
- Executive Summary
- Drivers and Inhibitors
- Key Trends in the Luxury Retail Market
- Global Market Size & Forecasts 2019-2029
- Competitive Landscape: Top Global Brands
- Regional Market Size & Forecasts 2019-2029
- Americas Market Size & Forecasts 2019-2029
- APAC Market Size & Forecasts 2019-2029
- Europe Market Size & Forecasts 2019-2029
- MEA Market Size & Forecasts 2019-2029
- Competitive Landscape: Brand Profiles
- Methodology
- Revenues Of Top Global Luxury Brands
- Revenues Of Top Americas Luxury Brands
- Revenues Of Top APAC Luxury Brands
- Revenues Of Top Europe Luxury Brands
- Revenues Of Top MEA Luxury Brands
- LVMH: Share of brands in 2023
- Richemont: Share of brands in 2023
- Kering: Share of brands in 2023
- Hermès: Share of brands in 2023
- LVMH’s sales ranked among top luxury retailers by region
- Richemont’s sales ranked among top luxury retailers by region
- Kering’s sales ranked among top luxury retailers by region
- Chanel’s sales ranked among top luxury retailers by region
- Hermès’ sales ranked among top luxury retailers by region
- Global Luxury Retail Market Value $ billion, 2019, 2024, 2029F & CAGR %
- Global Luxury Retail Market Value ($ billion), 2019 - 2029(f), and Annual Growth (%)
- Luxury retailing sales by category, 2023, 2024 & 2029(f) ($ billion) & CAGR (%)
- Luxury retailing sales for top 10 countries, 2023, 2024 & 2029(f) ($ billion) & CAGR (%)
- Market Shares (%) of the Top Global Luxury Brands 2023 - 2024
- Share of Global Luxury Retail Market by Region (%) 2019, 2024, and 2029F
- Regional Growth (%) within the Global Luxury Retail Market, 2019-2029F
- Americas Luxury Retail Market Value $ billion, 2019, 2024, 2029(f) & CAGR %
- Americas Luxury Retail Market Value ($ billion), 2019-2029(f), and Annual Growth (%)
- Top Americas Luxury Retailing Countries by Value ($ bn), 2023, 2024 & 2029(f)
- Share of Americas luxury sales by country, 2023, 2024 & 2029(f) (%)
- Luxury retail sales by category in Americas, 2023, 2024 & 2029(f) ($ billion)
- Market Shares (%) of the Top Americas Luxury Brands 2023-2024
- APAC Luxury Retail Market Value $ billion, 2019, 2024, 2029(f) & CAGR %
- APAC Luxury Retail Market Value ($ billion), 2019-2029(f), and Annual Growth (%)
- Top APAC Luxury Retailing Countries by Value ($ bn), 2023, 2024 & 2029(f)
- Share of APAC luxury sales by country, 2023, 2024 & 2029(f) (%)
- Luxury retail sales by category in APAC, 2023, 2024 & 2029(f) ($ billion)
- Market Shares (%) of the Top APAC Luxury Brands 2023-2024
- Europe Luxury Retail Market Value $ billion, 2019, 2024, 2029(f) & CAGR %
- Europe Luxury Retail Market Value ($ billion), 2019-2029(f), and Annual Growth (%)
- Top Europe Luxury Retailing Countries by Value ($ bn), 2023, 2024 & 2029(f)
- Share of Europe luxury sales by country, 2023, 2024 & 2029(f) (%)
- Luxury retail sales by category in Europe, 2023, 2024 & 2029(f) ($ billion)
- Market Shares (%) of the Top Europe Luxury Brands 2023-2024
- MEA Luxury Retail Market Value $ billion, 2019, 2024, 2029(f) & CAGR %
- MEA Luxury Retail Market Value ($ billion), 2019-2029(f), and Annual Growth (%)
- Top MEA Luxury Retailing Countries by Value ($ bn), 2023, 2024 & 2029(f)
- Share of MEA luxury sales by country, 2023, 2024 & 2029(f) (%)
- Luxury retail sales by category in MEA, 2023, 2024 & 2029(f) ($ billion)
- Market Shares (%) of the Top MEA Luxury Brands 2023-2024
- LVMH 2019-2024 Global sales ($ bn), annual growth (%) and luxury retail market share (%)
- Richemont 2019-2024 Global sales ($ bn), annual growth (%) and luxury retail market share (%)
- Kering 2019-2024 Global sales ($ bn), annual growth (%) and luxury retail market share (%)
- Chanel 2019-2024 Global sales ($ bn), annual growth (%) and luxury retail market share (%)
- Hermès 2019-2024 Global sales ($ bn), annual growth (%) and luxury retail market share (%)
- LVMH Global sales split by region (%) 2019 and 2024
- Richemont Global sales split by region (%) 2019 and 2024
- Kering Global sales split by region (%) 2019 and 2024
- Chanel Global sales split by region (%) 2019 and 2024
- Hermès Global sales split by region (%) 2019 and 2024
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- LVMH
- Chanel
- Kering
- Richemont
- Hermès
- Swatch
- Prada
- Giorgio Armani
- Capri Holdings
- Burberry
- Coach (Tapestry)
- Giorgio Armani
