The North and South America luxury retailing market size was valued at $131.2 billion in 2021. The market is expected to grow at a CAGR of more than 4% during the forecast period. The Americas luxury market recovered quickly in 2021 driven by the US and developing Latin American markets. Developing luxury market in the Latin American region will also drive sales in the region. America’s luxury retailers are improving the integration of various channels to increase their customer base and boost sales. Retailers are increasingly adopting omnichannel strategies to target luxury shoppers by providing both an online and offline shopping experience.
The North and South America luxury retail market research report provides an overview of the Americas’ luxury retailing which includes analysis, market forecasts, brands, and trends in the global luxury retail market 2020-2025.
North and South America luxury retail market overview
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What are the key North and South America luxury retail market drivers?
As stores remain closed in many parts of the world, e-commerce is a crucial channel for keeping sales growing and engaging with customers, but luxury brands offer an elevated in-store experience and customer service. Given the fact that luxury shoppers prefer the look and feel of the products and rely on online platforms for research mainly, retailers should increasingly adopt omnichannel strategies to target luxury shoppers by providing both an online and offline shopping experience.
Which are the key countries in the North and South America luxury retail market?
The key countries in North and South America luxury retail market are the US, Canada, Brazil, Mexico, Chile, Peru, Colombia, and Argentina. The US leads the growth of luxury spending, followed by Canada and Brazil
What are the key categories in North and South America luxury retail market?
The key categories in North and South America luxury retail market are clothing, jewelry, watches & accessories, drinks, personal care, luggage and leather goods, home furniture & homewares, footwear, communications equipment, tobacco, consumer electronics, and stationery and cards. Clothing accounts for the largest share in North and South America luxury retail market followed by jewelry, watches & accessories, and drinks. Luggage and leather goods will be the fastest-growing category in this region.
North and South America luxury retail market, by categories
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Which are the key brands in North and South America luxury retail market?
The key brands in North and South America luxury retail market are LVMH, Kering, Richemont, Coach (Tapestry), Chanel, Capri Holding, Hermes, Swatch, Burberry, and Prada. LVMH has the highest revenue in the market.
North and South America luxury retail market, by brands
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Market Report Scope
| Market size (Year – 2021) | $131.2 billion |
| Growth rate | CAGR of >4% |
| Forecast period | 2021-2026 |
| Key countries | The US, Canada, Brazil, Mexico, Chile, Peru, Colombia, and Argentina |
| Key categories | Clothing, Jewelry, Watches & Accessories, Drinks, Personal Care, Luggage and Leather Goods, Home Furniture & Homewares, Footwear, Communications Equipment, Tobacco, Consumer Electronics, and Stationery and Cards |
| Key brands | LVMH, Kering, Richemont, Coach (Tapestry), Chanel, Capri Holding, Hermes, Swatch, Burberry, and Prada |
Reasons to Buy
- Gain a comprehensive knowledge on Americas Luxury retail market and develop a competitive advantage.
- Investigate current trends in America’s luxury retail market to identify the best opportunities to exploit.
- Analysis of key luxury fashion players operating in America.
- 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 retail market in America.
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior in America.
Key Players
Table of Contents
Frequently Asked Questions
The luxury retail market size in North and South America was valued at $131.2 billion in 2021.
The luxury retail market in North and South America is expected to grow at a CAGR of more than 4% during the forecast period.
The key countries in North and South American luxury retail market are the US, Canada, Brazil, Mexico, Chile, Peru, Colombia, and Argentina.
The key categories in North and South American luxury retail market are clothing, jewelry, watches & accessories, drinks, personal care, luggage and leather goods, home furniture & homewares, footwear, communications equipment, tobacco, consumer electronics, and stationery and cards.
The key brands in North and South American luxury retail market are LVMH, Kering, Richemont, Coach (Tapestry), Chanel, Capri Holding, Hermes, Swatch, Burberry, and Prada.
