Global: luxury fashion revenue 2019-2029

The global revenue in the 'Luxury Fashion' segment of the luxury goods market was forecast to continuously increase between 2024 and 2029 by in total 24.4 billion U.S. dollars (+16.79 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 169.8 billion U.S. dollars and therefore a new peak in 2029.

Find more in-depth information regarding the average revenue per user (ARPU) concerning the prestige cosmetics segment of the luxury goods market worldwide and the revenue growth concerning the luxury goods market in the United Kingdom.

The Statista Market Insights cover a broad range of additional markets.

Revenue of the luxury fashion industry Worldwide 2019-2029 (in million U.S. dollars)

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Release date

October 2024

More information

Region

Worldwide

Survey time period

2019 to 2029

Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Luxury Fashion segment includes Luxury Apparel and Footwear. The overall definition of this segment follows the Consumer Market Insights Apparel and Footwear markets, while here only sales of luxury brands are considered, and mass-market products are excluded.

Structure:

The Luxury Fashion is divided into 2 markets:

Luxury Apparel includes designer clothing and clothing accessories (scarves, belts, hats etc.) that are made “ready-to-wear” and luxury segments and brands of the companies covered.
Luxury Footwear includes leather footwear, athletic footwear and sneakers as well as textile footwear, sandals and other shoes and luxury segments and brands of the companies covered.

Additional Information:

The shown market data are based on an analysis of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Accordingly, fashion goods from smaller companies or artisanal production unaffiliated with the companies covered are not included. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The key players are LVMH (with brands such as Louis Vuitton, Fendi or Loro Piana), Kering (Gucci, Balenciaga, Saint Laurent and other brands), Ralph Lauren and PVH (Calvin Klein, Tommy Hilfiger).

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