Market Insights Consumer Luxury Goods Luxury Fashion

Luxury Apparel - G20

  • G20
  • In the year 2024, the Luxury Apparel market in G20 countries is projected to generate a revenue of US$67.33bn.
  • The market is anticipated to witness an annual growth rate of 2.75% from 2024 to 2028 (CAGR 2024-2028).
  • Among all in G20 nations, the highest revenue is expected to be generated in the United States, reaching US$20,430m in 2024.
  • When considering the population size of each country, the per person revenue in the Luxury Apparel market is estimated to be US$19.02 in 2024.
  • In Germany, luxury apparel brands are capitalizing on the country's strong heritage of craftsmanship and quality to attract discerning consumers.

Key regions: India, Singapore, United States, France, United Kingdom

 
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Methodology

The Luxury Apparel market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Apparel industry.

Overview

  • Revenue
  • Key Players
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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