Luxury Goods Market Size, Share and Outlook Report 2033
The global luxury goods market size was valued at USD 286.10 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 405.80 Billion by 2033, exhibiting a CAGR of 3.76% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 39.8% in 2024. The market is primarily driven by increasing economic growth, changing consumer behavior, rising number of sustainability initiatives, rapid digitalization, expansion of resale market, and quality and exclusivity offered by luxury brands.
Read More: https://www.imarcgroup.com...
The global luxury goods market size was valued at USD 286.10 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 405.80 Billion by 2033, exhibiting a CAGR of 3.76% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 39.8% in 2024. The market is primarily driven by increasing economic growth, changing consumer behavior, rising number of sustainability initiatives, rapid digitalization, expansion of resale market, and quality and exclusivity offered by luxury brands.
Read More: https://www.imarcgroup.com...
12:05 PM - May 16, 2025 (UTC)
