Luxury Goods Market by Product Type, Distribution Channel, End User 2024-2032
                     Global Luxury Goods 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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Accord ing  to  the  la tes t  repo r t  by  IMARC Group ,  t i t led  "Luxury  Goods Market :  
Globa l  Industry  Trends,  Share ,  S ize ,  Growth,  Opportuni ty  and Forecas t  
2024 -2032 ,"  the  g loba l  luxu ry  goods  marke t  s i ze  reached  US$  275 .2  B i l l i on  in  
2023 .
Factors Af fect ing the Growth of  the Luxury Goods Industry:
Report Shif t  in  Consumer Preferences:
The s ign i f i can t  change  in  peop le ' s  p re fe rences  d r i ven  by  demograph ic  changes  
Highlight and i s  d r i v ing  the  g rowth  o f  the  marke t .  Wea l thy  m i l lenn ia ls  and  Genera t ion  Z  
shoppers ,  who  now accoun t  fo r  a  s i zab le  por t i on  o f  l uxu ry  spend ing ,  p r io r i t i ze  
Description exper iences  over  mate r ia l  possess ions .  They look  fo r  p roduc ts  tha t  a l ign  w i th  the i r  va lues ,  inc lud ing  sus ta inab i l i t y ,  au then t ic i t y  and  soc ia l  respons ib i l i t y .  
Luxury  b rands a re  respond ing  by  incorpora t ing  sus ta inab le  p rac t i ces  in to  the i r  
supp ly  cha ins ,  o f fe r ing  t ranspa ren t  sou rc ing  and  imp lemen t ing  e th i ca l  
manu fac tu r ing  p rocesses .  Add i t i ona l ly ,  s to ry te l l i ng  and  un ique  expe r iences  a re  
becoming  cen t ra l  t o  luxury  marke t ing  s t ra teg ies ,  f os te r ing  emot iona l  
connec t ions  w i th  consumers .
Digital  Transformation:
The d ig i ta l  revo lu t ion  i s  reshap ing  the marketp lace ,  in f luenc ing how brands 
in terac t  w i th  shoppers  and conduc t  bus iness .  E-commerce  p la t forms,  soc ia l  
media  and d ig i ta l  marke t ing  a re  becoming essent ia l  to  reach  and engage 
wi th  a  g loba l  aud ience .  Luxury  b rands are  embrac ing  d ig i ta l  innova t ion to  
Report enhance  the  on l ine  shopping exper ience ,  f rom v i r tua l  t ry -on  featu res  and  
persona l i zed  recommendat ions  to  immers ive  d ig i ta l  campa igns and  
Highlight and in f luencer  par tnersh ips .  Soc ia l  media  p la t forms serve  as  power fu l  too ls  for  
te l l i ng  b rand  s tor ies ,  bu i ld ing  communi t ies ,  and customer  engagement .  
Description Add i t iona l l y ,  luxury  brands  are  leverag ing technology,  such as  augmented  rea l i t y  (AR)  and v i r tua l  rea l i t y  (VR) ,  to  c rea te  immers ive  d ig i ta l  exper iences,  
b lur r ing the  l ines  between on l ine and o f f l i ne  re ta i l .  By  embrac ing  d ig i ta l  
t ransfo rmat ion ,  luxury  brands  can remain  ag i le ,  innova t ive  and  compet i t ive  
in  an  inc reas ing ly  d ig i ta l - focused marke t .
Exclusivi ty  and Rar i ty:
Exc lus iv i t y  and  ra r i ty  a re  suppor t ing  marke t  g rowth .  Luxury  b rands o f ten  
produce l im i ted quant i t ies  o f  the i r  p roducts ,  c rea t ing a  sense o f  scarc i t y  and  
exc lus iv i ty  tha t  appeals  to  wea l thy  peop le .
L imi ted  ed i t ion  i tems,  pe rsona l ized  se rv ices  and  h igh  p r i ces  con t r ibu te  to  the  
percep t ion  o f  l uxu ry  and  appea l .  Peop le  look  fo r  un ique  and  ra re  ob jec ts  as  
s ta tus  symbo ls ,  i nd ica t ing  the i r  wea l th ,  t as te  and  soc ia l  s ta tus .  Luxury  b rands  
ca re fu l l y  manage  supp ly  cha ins  and  d is t r i bu t ion  channe ls  to  ma in ta in  
exc lus iv i t y ,  ensu r ing  the i r  p roduc ts  rema in  h igh ly  sough t -a f te r  and  re ta in  the i r  
Report va lue  over  t ime .  Add i t i ona l ly ,  co l l abora t ions  w i th  renowned des igners ,  a r t i s ts  
and  ce leb r i t i es  fu r the r  enhance  the  exc lus iv i t y  and  appea l  o f  luxu ry  goods ,  
Highlight and dr iv ing  demand and  b rand  loya l ty  among d iscern ing  shoppers .
Description Request  for  a  PDF sample  o f  th is  repor t :  h t tps : / /www. imarcgroup .com/ luxu ry -goods-marke t / reques tsamp le
Report Description
Global  Luxury Goods Market  Trends:
Celebr i ty  endorsements  and in f luencer  cu l ture p lay  an impor tant  ro le  in  shaping shoppers '  percept ions and 
dr iv ing demand for  luxury  goods.  Celebr i t ies ,  fash ion icons and in f luencers  serve as power fu l  brand 
ambassadors,  endors ing luxury  products  through red carpet  appearances,  socia l  media posts  and s t ra teg ic  
co l laborat ions.  I ts  in f luence extends beyond t rad i t iona l  adver t is ing channels ,  shaping t rends,  set t ing 
fash ion s tandards and dr iv ing preferences.  
Luxury  brands s t ra teg ica l ly  par tner  w i th  ce lebr i t ies  and in f luencers to  enhance brand v is ib i l i ty ,  reach new 
audiences,  and cu l t ivate  asp i ra t iona l  l i fes ty les  associa ted wi th  the i r  products .  Add i t iona l ly ,  in f luencer  
market ing a l lows luxury  brands to  connect  wi th  younger  demographics ,  who of ten turn to  soc ia l  media 
personal i t ies  for  s ty le  insp i ra t ion and product  recommendat ions.  By leverag ing ce lebr i ty  endorsements  and 
in f luencer  par tnersh ips ,  luxury  brands can ampl i fy  the i r  presence and generate  buzz around the i r  products .
View Report  TOC,  F igures and Tables :  ht tps: / /www.imarcgroup.com/luxury-goods-market
Breakup by Product Type:
• Watches and Jewel lery
• Perfumes and Cosmetics
• Clothing
• Bags/Purse
• Others
Report 
Breakup by Distribution Channel:
Segmentation
• Offl ine
• Online
Breakup by End User:
• Women
• Men
Breakup by Region:
• North America
• Europe
• Asia-Pacifi c
• Latin America
Report • Middle East and Afr ica
Segmentation
• Chanel
• Compagnie Financière Richemont S.A.
• Gianni  Versace S.r. l
• Giorgio Armani S.p.A
Competitive • Hermès International  S.A.
Landscape • Kering S.A.
• LVMH Moët Hennessy Louis Vuitton
with Key • Prada S.p.A.
Players • Ralph Lauren Corporat ion
• Rolex SA
• The Estée Lauder Companies Inc.
• The Swatch Group Ltd
• Valentino S.p.A.
How has the global luxury goods market performed so 
far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in 
the global luxury goods market?
What is the impact of each driver, restraint, and 
Key opportunity on the global luxury goods market?
Questions What are the key regional markets?
Answered in 
Which countries represent the most attractive luxury 
the Report goods market?
What is the breakup of the market based on the product 
type?
Which is the most attractive product type in the luxury 
goods market?
What is the breakup of the market based on the 
distribution channel?
Which is the most attractive distribution channel in the 
luxury goods market?
What is the breakup of the market based on the end 
user?
Key Which is the most attractive end user in the luxury goods market?
Questions 
What is the competitive structure of the market?
Answered in 
the Report Who are the key players/companies in the global luxury goods market?
1     P r e f a c e
2  S c o p e  a n d  M e t h o d o l o g y
2 . 1  O b j e c t i v e s  o f  t h e  S t u d y
2 . 2  S t a k e h o l d e r s
2 . 3  D a t a  E n d  U s e r s
2 . 3 . 1  P r i m a r y  E n d  U s e r s
2 . 3 . 2  S e c o n d a r y  E n d  U s e r s
2 . 4  M a r k e t  E s t i m a t i o n
2 . 4 . 1  B o t t o m - U p  A p p r o a c h
Table of 2 . 4 . 2  T o p - D o w n  A p p r o a c h2 . 5  F o r e c a s t i n g  M e t h o d o l o g y
3  E x e c u t i v e  S u m m a r y
4  G l o b a l  L u x u r y  G o o d s  M a r k e t  -  I n t r o d u c t i o n
4 . 1  O v e r v i e w
Contents 4 . 2  M a r k e t  D y n a m i c s4 . 3  I n d u s t r y  T r e n d s
4 . 4  C o m p e t i t i v e  I n t e l l i g e n c e
5  G l o b a l  L u x u r y  G o o d s  M a r k e t  L a n d s c a p e
5 . 1  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
5 . 2  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6  G l o b a l  L u x u r y  G o o d s  M a r k e t  -  B r e a k u p  b y  P r o d u c t  T y p e
6 . 1  W a t c h e s  a n d  J e w e l l e r y
6 . 1 . 1  O v e r v i e w
6 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
6 . 1 . 3  M a r k e t  S e g m e n t a t i o n
6 . 1 . 4  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6 . 2  P e r f u m e s  a n d  C o s m e t i c s
6 . 2 . 1  O v e r v i e w
6 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
6 . 2 . 3  M a r k e t  S e g m e n t a t i o n
6 . 2 . 4  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
       
6 .3  C lo t h in g
6 .3 . 1  O v e r v i e w
6 .3 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
6 .3 . 3  M a r k e t  S e g m e n ta t i o n
6 .3 . 4  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6 .4  B a g s / P u r s e
6 .4 . 1  O v e r v i e w
6 .4 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
6 .4 . 3  M a r k e t  S e g m e n ta t i o n
6 .4 . 4  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6 .5  O t h e r s
Table of 6 .5 . 1  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )6 .5 . 2  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6 .6  A t t r a c t i v e  I n v e s t m e n t  P r o p o s i t i o n  b y  P r o d u c t  T y p e
7  G lo b a l  L u x u r y  G o o d s  M a r k e t  -  B r e a k u p  b y  D i s t r i b u t i o n  
Contents C h a n n e l
7 .1  O f f l i n e
7 .1 . 1  O v e r v i e w
7 .1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
7 .1 . 3  M a r k e t  S e g m e n ta t i o n
7 .1 . 4  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
7 .2  O n l i n e
7 .2 . 1  O v e r v i e w
7 .2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
7 .2 . 3  M a r k e t  S e g m e n ta t i o n
7 .2 . 4  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
7 .3  A t t r a c t i v e  I n v e s tm e n t  P r o p o s i t i o n  b y  D i s t r i b u t i o n  C h a n n e l
8  G lo b a l  L u x u r y  G o o d s  M a r k e t  -  B r e a k u p  b y  E n d  U s e r
F o r  m o r e  i n f o r m a t io n ,  v i s i t :  
ht tps : / /www. imarcgroup .com/ luxury-goods -market / toc
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