Скачать или смотреть Global Luxury Goods Market Overview and Growth Outlook 2024–2031

Global Luxury Goods Market size was recorded at USD 368.85 billion in 2023, which is estimated to be at USD 389.50 billion in 2024 and projected to reach USD 601.05 billion by 2031, growing at a CAGR of 6.39% from 2024 to 2031. In the scope of work, the report includes products offered by companies such as LVMH Group, RALPH LAUREN, Compagnie Financière Richemont SA, KERING, Chow Tai Fook Jewellery Company Limited, EssilorLuxottica, The Swatch Group Ltd, L’Oréal S.A., Shiseido Company, Limited, Rolex and others. Digital transformation in luxury retail is reshaping brands engage with their customers and conduct their business is driving the market.

One of the primary factors propelling this transformation is the increasing influence of the internet and mobile technology, which made online shopping more accessible and convenient. Luxury brands are increasingly leveraging advanced technologies such as artificial intelligence, augmented reality, and big data analytics to enhance customer experiences.

For More Insights: Discover in-depth analysis, trends, and key forecasts in the official report by Kings Research:- https://www.kingsresearch.com/luxury-...

Key Market Highlights:

Market Valuation (2023): USD 368.85 billion

Forecast Valuation (2031): USD 601.05 billion

Growth Rate (CAGR 2024–2031): 6.39%

Leading Region (Europe 2023): 36.05% share

Top Companies: LVMH, KERING, Rolex, L’Oréal, Shiseido, Richemont, The Swatch Group Ltd

Fastest Growing Region: Asia-Pacific (CAGR 7.14%)