Building Brands
A snapshot of the luxury goods market
An overview
Revenue in the luxury goods market (segments defined in below chart) is expected to amount to US$349bn in 2022. The market is expected to grow annually by 3.7% (CAGR 2022-2027).
The market's largest segment is fashion with a market volume of US$110bn in 2022.
From a regional perspective, most revenue is generated in the United States (US$75bn in 2022).
In the luxury goods market, 21% of the total revenue will be generated through online sales in 2022.
Luxury Goods - Revenue by Segment
Top 5 luxury good brands in the world by revenue
