Market Insights Consumer Luxury Goods Luxury Fashion

Luxury Apparel - Worldwide

Worldwide

In 2024, the revenue in the Luxury Apparel market worldwide amounts to €78.04bn.
It is projected that the market will experience an annual growth rate of 3.09% (CAGR 2024-2028).
When looking at the global comparison, it is notable that in the United States generates the highest revenue, reaching €18,670m in 2024.
This indicates the significant presence of the Luxury Apparel market in the United States.
Considering the population figures, the per person revenue generated in 2024 is €10.07.
This gives us an insight into the average revenue generated per individual worldwide in the Luxury Apparel market.
Luxury apparel brands in France continue to dominate the global market with their iconic designs and impeccable craftsmanship.

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.