United States of America (USA) Luxury Goods Market to 2027
Summary
Luxury Goods in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). 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. The market value includes retail sales.
- The US captured the largest share of the global luxury goods market in 2022, accounting for a share of 25.9% in 2022.
- The US Luxury goods market had total revenues of $80.8 billion in 2022, representing a compound annual growth rate (CAGR) of 5.9% between 2017 and 2022
- The jewellery & watches segment accounted for the market's largest proportion in 2022, with total revenues of $30.9 billion, equivalent to 38.2% of the market's overall value.
- Save time carrying out entry-level research by identifying the size, growth, 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
- What was the size of the United States luxury goods market by value in 2022?
- What will be the size of the United States luxury goods market in 2027?
- 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?
- How large is the United States’s luxury goods market in relation to its regional counterparts?
- 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 are the strengths of the leading players?
- 7.3. Are there any threats to leading players?
- 7.4. What has been the rationale behind recent M&A activity?
- 8 Company Profiles
- 8.1. LVMH Moet Hennessy Louis Vuitton SA
- 8.2. PVH Corp
- 8.3. Ralph Lauren Corp
- 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: $ billion, 2017–22
- Table 2: United States luxury goods market category segmentation: % share, by value, 2017–2022
- Table 3: United States luxury goods market category segmentation: $ billion, 2017-2022
- Table 4: United States luxury goods market geography segmentation: $ billion, 2022
- Table 5: United States luxury goods market value forecast: $ billion, 2022–27
- 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: PVH Corp: key facts
- Table 11: PVH Corp: Annual Financial Ratios
- Table 12: PVH Corp: Key Employees
- Table 13: PVH Corp: Key Employees Continued
- Table 14: Ralph Lauren Corp: key facts
- Table 15: Ralph Lauren Corp: Annual Financial Ratios
- Table 16: Ralph Lauren Corp: Key Employees
- Table 17: Ralph Lauren Corp: Key Employees Continued
- Table 18: United States size of population (million), 2018–22
- Table 19: United States gdp (constant 2005 prices, $ billion), 2018–22
- Table 20: United States gdp (current prices, $ billion), 2018–22
- Table 21: United States inflation, 2018–22
- Table 22: United States consumer price index (absolute), 2018–22
- Table 23: United States exchange rate, 2018–22
- List of Figures
- Figure 1: United States luxury goods market value: $ billion, 2017–22
- Figure 2: United States luxury goods market category segmentation: $ billion, 2017-2022
- Figure 3: United States luxury goods market geography segmentation: % share, by value, 2022
- Figure 4: United States luxury goods market value forecast: $ billion, 2022–27
- Figure 5: Forces driving competition in the luxury goods market in the United States, 2022
- Figure 6: Drivers of buyer power in the luxury goods market in the United States, 2022
- Figure 7: Drivers of supplier power in the luxury goods market in the United States, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the luxury goods market in the United States, 2022
- Figure 9: Factors influencing the threat of substitutes in the luxury goods market in the United States, 2022
- Figure 10: Drivers of degree of rivalry in the luxury goods market in the United States, 2022
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook