Luxury Goods - Canada

  • Canada
  • In 2024, the Luxury Goods market in Canada is projected to generate revenue of €6.60bn.
  • It is anticipated that the market will experience an annual growth rate of 2.76% (CAGR 2024-2028).
  • The largest segment within the Luxury Goods market is Luxury Fashion, which is expected to have a market volume of €2.42bn in 2024.
  • When compared to other countries globally, in the United States leads in terms of revenue generation, with €71,660m in 2024.
  • Considering the total population, per person revenues of €168.80 are forecasted in 2024.
  • Furthermore, it is estimated that online sales will contribute 13.7% of the total revenue in the Luxury Goods market by 2024.
  • Luxury goods sales in Canada have been steadily increasing due to the country's strong economy and high disposable income levels.

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

 
Mercado
 
Región
 
Comparación de regiones
 
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Analyst Opinion

When marketing luxury, exclusivity constitutes the conceptual key element. This exclusivity is maintained mainly by a high price point but also by consciously limiting sales volumes and outlets. 2018 was a good year for luxury goods companies, continuing the rebound of the global luxury goods industry which started in 2017 after two relatively sluggish years. Key trends shaping the industry are a continued emphasis on manufacturer-owned retail, a more pronounced shift of sales from the established core markets in Central & Western Europe, North America, and Japan to Greater China and other emerging markets, as well as the increasing role of a fast-growing eCommerce channel.

Methodology

The Luxury Goods 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 Goods industry.

Visión general

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