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.
Data provided by Statista Market Insights are estimates.
The Luxury Fashion segment includes Luxury Apparel and Footwear. The overall definition of this segment follows the Consumer Market Outlook’s Apparel and Footwear markets, while here only sales of luxury brands are considered, and mass-market products are excluded.
Fashion constitutes the bulk of sales in the global personal luxury goods industry and has a healthy growth outlook over the next five years.
The shown market data are based on an analysis of more than 100 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 most notable companies 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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Statista. (September 12, 2024). Revenue of the luxury fashion industry Worldwide 2019-2029 (in million U.S. dollars) [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/1294616/global-personal-luxury-fashion-market-value/
Statista. "Revenue of the luxury fashion industry Worldwide 2019-2029 (in million U.S. dollars)." Chart. September 12, 2024. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/1294616/global-personal-luxury-fashion-market-value/
Statista. (2024). Revenue of the luxury fashion industry Worldwide 2019-2029 (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/1294616/global-personal-luxury-fashion-market-value/
Statista. "Revenue of The Luxury Fashion Industry Worldwide 2019-2029 (in Million U.S. Dollars)." Statista, Statista Inc., 12 Sep 2024, https://www.statista.com/statistics/1294616/global-personal-luxury-fashion-market-value/
Statista, Revenue of the luxury fashion industry Worldwide 2019-2029 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1294616/global-personal-luxury-fashion-market-value/ (last visited October 06, 2024)
Revenue of the luxury fashion industry Worldwide 2019-2029 (in million U.S. dollars) [Graph], Statista, September 12, 2024. [Online]. Available: https://www.statista.com/statistics/1294616/global-personal-luxury-fashion-market-value/