Global Luxury Apparel Market Size & Outlook, 2023-2030
The global luxury apparel market size was estimated at USD 80,129.6 million in 2023 and is projected to reach USD 106,103.8 million by 2030, growing at a CAGR of 4.1% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Valentino | View profile | 1001-5000 | Italy, Texas, United States, North America | http://valentino.com |
| Burberry | View profile | 10001+ | London, England, United Kingdom, Europe | http://burberrycareers.com/ |
| The Coach | View profile | 11-50 | Los Angeles, California, United States, North America | https://the.coach |
| Gucci | View profile | 10001+ | Jersey City, New Jersey, United States, North America | http://www.gucci.com |
| Calvin Klein | View profile | 10001+ | New York, New York, United States, North America | https://www.calvinklein.us |
| Kate Spade | View profile | 5001-10000 | New York, New York, United States, North America | https://www.katespade.com/ |
| Dolce & Gabbana | View profile | 5001-10000 | Milan, Lombardia, Italy, Europe | https://www.dolcegabbana.com |
| Prada SpA | View profile | 14876 | Via Antonio Fogazzaro, 28, Milan, Italy, 20135 | https://www.pradagroup.com |
Global luxury apparel market size, by regions, 2018-2030 (US$M)
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