Global Luxury Apparel Market Size & Outlook, 2023-2030
The luxury apparel industry worldwide is expected to reach a projected revenue of US$ 106,103.8 million by 2030. A compound annual growth rate of 4.1% is expected of the worldwide luxury apparel industry from 2024 to 2030.
Revenue, 2023 (US$M)
$80,129.6
Forecast, 2030 (US$M)
$106,103.8
CAGR, 2024 - 2030
4.1%
Report Coverage
Worldwide
Global luxury apparel market, 2018-2030 (US$M)
Global luxury apparel market highlights
- An overview of the global luxury apparel market trends heading towards 2030. The global market generated a revenue of USD 80,129.6 million in 2023 and is expected to reach USD 106,103.8 million by 2030.
- The overall growth of the global market from 2023 to 2030. The market is expected to grow at a CAGR (2024 - 2030) of 4.1% to attain a revenue of USD 106,103.8 million by 2030.
- A look at the global market revenues per segment in 2023. In terms of segment, men accounted for a revenue of USD 80,129.6 million in 2023.
- The segment witnessing the fastest revenue growth within the market. Men is the most lucrative end use segment registering the fastest growth during the forecast period.
- An overview of global market per region and country. In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 80,129.6 million |
| Market revenue in 2030 | USD 106,103.8 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Men |
| Fastest growing segment | Men |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Men |
Other key industry trends
- In terms of revenue, the North America accounted for 22.9% of the global luxury apparel market in 2023.
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Luxury Apparel Market Scope
Luxury apparel market segmentation & scope
Distribution Channel
Offline
Online
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
Australia
South Korea
Brazil
South Africa
Luxury Apparel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global luxury apparel market size, by regions, 2018-2030 (US$M)
Related regional statistics
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