Luxury Goods - Turkey

  • Turkey
  • Turkey's Luxury Goods market is projected to generate a revenue of €839.60m by 2024.
  • With an annual growth rate of -1.28% (CAGR 2024-2028), the market is expected to expand steadily.
  • Among the various segments of the Luxury Goods market, Luxury Fashion stands as the largest, with a market volume of €287.60m in 2024.
  • When compared globally, in the United States leads in revenue generation with a staggering €71,660m in 2024.
  • Considering the total population figures, each person in Turkey is estimated to contribute €9.73 in revenue for the Luxury Goods market in 2024.
  • As for online sales, it is anticipated that 11.6% of the total revenue in the Luxury Goods market will be generated through online channels by 2024.
  • This indicates a growing trend towards digital platforms in Turkey's luxury market.
  • Despite economic challenges, the luxury goods market in Turkey continues to thrive with growing demand for high-end fashion brands.

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

Comparación de regiones

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.


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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