Americas Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027

Americas Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027
Summary



This report provides an overview of the Americas Luxury Retailing which includes Analysis, market forecasts, brands and trends in the Americas Luxury Retail Market 2017-2027The Americas luxury market registered growth in 2022 driven by the US, despite inflationary pressuresDigital and physical expansion become essential to growthMillennials and Gen Zs emerge as the most important demography for luxury salesLeading brands perform well despite strong US Dollar

Scope

• The luxury market in the Americas grew by 10.9% during 2021-2022 and is projected to rise from $145.2 billion in 2022 to reach $189.5 billion by 2027 at a CAGR of 5.5% as brands expand their reach in the region with new stores, e-commerce initiatives, and innovative strategies.
• Luxury retailers in America are enhancing shopper experiences by integrating their multiple sales channels to broaden their consumer base and boost sales.
• Millennials and Gen Z are increasingly driving demand for luxury goods in the region, with newly created wealth from entrepreneurial skills on social media.
• Luxury retailers/brands were able to poststrong growth in the first half of 2022 given the rising domestic demand for luxury goods in US, the largest market in Americas.

• Gain a comprehensive knowledge on Americas Luxury retail market and develop a competitive advantage
• Investigate current trends in Americas luxury retail market to identify the best opportunities to exploit
• Analysis of key luxury retail players operating in Americas
• Explore novel 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 fashion market in Americas region