Luxury Retailing Market Size, Trends and Analysis by Regional and Category Performance, Brands and Forecast to 2029

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Global Luxury Retailing 2019-2029 provides analysis, trends, market forecasts, and brands in the global luxury retail market between 2019-2029

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)

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.

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

LVMH
Chanel
Kering
Richemont
Hermès
Swatch
Prada
Giorgio Armani
Capri Holdings
Burberry
Coach (Tapestry)
Giorgio Armani

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

Table

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

Figures

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

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