Global Luxury Fashion Market Growth 2023-2029

Global Luxury Fashion Market Growth 2023-2029

A luxury good (or upmarket good) is a good for which demand increases more than proportionally as income rises, and is a contrast to a "necessity good", where demand increases proportionally less than income. Luxury goods are often synonymous with superior goods and Veblen goods.

LPI (LP Information)' newest research report, the “Luxury Fashion Industry Forecast” looks at past sales and reviews total world Luxury Fashion sales in 2022, providing a comprehensive analysis by region and market sector of projected Luxury Fashion sales for 2023 through 2029. With Luxury Fashion sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luxury Fashion industry.

This Insight Report provides a comprehensive analysis of the global Luxury Fashion landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Luxury Fashion portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Luxury Fashion market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luxury Fashion and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luxury Fashion.

The global Luxury Fashion market size is projected to grow from US$ 87400 million in 2022 to US$ 107100 million in 2029; it is expected to grow at a CAGR of 107100 from 2023 to 2029.

The three dominant trends in the global luxury goods market are globalization, consolidation, and diversification. Consolidation involves the growth of big companies and ownership of brands across many segments of luxury products. Examples include LVMH, Richemont, and Kering, which dominate the market in areas ranging from luxury drinks to fashion and cosmetics.

This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Fashion market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Clothing
Footwear
Accessories

Segmentation by application
Male
Female
Children

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Louis Vuitton
Hermès
Gucci
Chanel
Rolex
Cartier
Prada
Burberry
Michael Kors
Tiffany
Zara
Dolce & Gabbana

Key Questions Addressed in this Report

What is the 10-year outlook for the global Luxury Fashion market?

What factors are driving Luxury Fashion market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Luxury Fashion market opportunities vary by end market size?

How does Luxury Fashion break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.