Luxury fashion sales growth forecast worldwide 2020-2024, by region

Published by
Tugba Sabanoglu,
Dec 8, 2023
The European luxury market was estimated to have grown between 5 and 7 percent in the second half of 2023. In 2024, the luxury market is projected to see a growth rate of between 4 and 6 percent in China.

Estimated luxury fashion year-on-year sales growth worldwide from 1st half 2020 to 2024, by region

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Release date

November 2023

Region

Worldwide

Survey time period

2023

Supplementary notes

2023 and 2024 figures were estimates. Estimates were based on McKinsey scenarios, McKinsey analysis and expert interviews. Growth figures reflected inflation, calculated on actual figures expressed in own currencies.

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Statistics on " Luxury fashion companies in Italy "

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Other statistics that may interest you Luxury fashion companies in Italy

Overview

6

Moncler

5

Prada

5

Salvatore Ferragamo

5

Tod's

5

Dolce & Gabbana

4

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Topics

Italian luxury fashion companiesGlobal personal luxury goods industryApparel market in ItalyLuxury goods in EuropeFootwear industry in Italy
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