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Luxury Goods in the United States

Best Price Guarantee Length Publisher Published Date SKU
from $350 56 Pages MarketLine May, 2024 MTLN19099989
Best Price Guarantee
Price from $350
Length 56 Pages
Publisher MarketLine
Published Date May, 2024
SKU MTLN19099989

Luxury Goods in the United States
Summary

Luxury Goods in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). 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 US luxury goods market recorded revenues of $134.6 billion in 2023, representing a compound annual growth rate (CAGR) of 5.4% between 2018 and 2023.
  • The apparel, footwear & accessories segment accounted for the market's largest proportion in 2023, with total revenues of $49.6 billion, equivalent to 36.8% of the market's overall value.
  • In 2023, the US luxury goods market contracted due to the curtailing of spending by aspirational consumers owing to the rise in interest rates which affected the individuals' savings.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the luxury goods market in the United States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the luxury goods market in the United States
  • 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 United States luxury goods market with five year forecasts
Reasons to Buy
  • What was the size of the United States luxury goods market by value in 2023?
  • What will be the size of the United States luxury goods market in 2028?
  • What factors are affecting the strength of competition in the United States luxury goods market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the United States's luxury goods market?


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. LVMH Moet Hennessy Louis Vuitton SA
8.2. Kering S.A.
8.3. Tapestry Inc
8.4. Ralph Lauren Corp
8.5. Compagnie Financiere Richemont SA
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: United States luxury goods market value: $ million, 2018-23
Table 2: United States luxury goods market category segmentation: % share, by value, 2018-2023
Table 3: United States luxury goods market category segmentation: $ million, 2018-2023
Table 4: United States luxury goods market geography segmentation: $ million, 2023
Table 5: United States luxury goods market value forecast: $ million, 2023-28
Table 6: LVMH Moet Hennessy Louis Vuitton SA: key facts
Table 7: LVMH Moet Hennessy Louis Vuitton SA: Annual Financial Ratios
Table 8: LVMH Moet Hennessy Louis Vuitton SA: Key Employees
Table 9: LVMH Moet Hennessy Louis Vuitton SA: Key Employees Continued
Table 10: Kering S.A.: key facts
Table 11: Kering S.A.: Annual Financial Ratios
Table 12: Kering S.A.: Key Employees
Table 13: Tapestry Inc: key facts
Table 14: Tapestry Inc: Annual Financial Ratios
Table 15: Tapestry Inc: Key Employees
Table 16: Tapestry Inc: Key Employees Continued
Table 17: Ralph Lauren Corp: key facts
Table 18: Ralph Lauren Corp: Annual Financial Ratios
Table 19: Ralph Lauren Corp: Key Employees
Table 20: Ralph Lauren Corp: Key Employees Continued
Table 21: Compagnie Financiere Richemont SA: key facts
Table 22: Compagnie Financiere Richemont SA: Annual Financial Ratios
Table 23: Compagnie Financiere Richemont SA: Key Employees
Table 24: Compagnie Financiere Richemont SA: Key Employees Continued
Table 25: United States size of population (million), 2019-23
Table 26: United States gdp (constant 2005 prices, $ billion), 2019-23
Table 27: United States gdp (current prices, $ billion), 2019-23
Table 28: United States inflation, 2019-23
Table 29: United States consumer price index (absolute), 2019-23
Table 30: United States exchange rate, 2019-23
List of Figures
Figure 1: United States luxury goods market value: $ million, 2018-23
Figure 2: United States luxury goods market category segmentation: $ million, 2018-2023
Figure 3: United States luxury goods market geography segmentation: % share, by value, 2023
Figure 4: United States luxury goods market value forecast: $ million, 2023-28
Figure 5: Forces driving competition in the luxury goods market in the United States, 2023
Figure 6: Drivers of buyer power in the luxury goods market in the United States, 2023
Figure 7: Drivers of supplier power in the luxury goods market in the United States, 2023
Figure 8: Factors influencing the likelihood of new entrants in the luxury goods market in the United States, 2023
Figure 9: Factors influencing the threat of substitutes in the luxury goods market in the United States, 2023
Figure 10: Drivers of degree of rivalry in the luxury goods market in the United States, 2023

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