The Luxury Retailing industry has thrived over the past few years, despite challenges posed by the COVID-19 pandemic. Australian luxury retailers have been relatively insulated from the financial instability that has affected most of the global retail sector during the pandemic. The pandemic both positively and negatively impacted luxury retailers. Store closures and lockdowns drastically reduced instore sales, while travel limits decreased revenue from international travellers. However, housebound consumers were compensated by indulging in luxury purchases usually made on overseas trips. Social payment packages supported this spending. The pandemic forced luxury retailers to embrace a digital movement that had been long overdue and establish an online presence. This allowed luxury retailers to profit from the pandemic-induced online shopping boom. Rising household discretionary income and market polarisation have stoked demand for luxury products until 2021-22. Overall, ever-changing consumer preferences have attracted diverse luxury brands to seek opportunities in Australia, boosting the number of enterprises over the period. The strength of the domestic luxury market has attracted international fashion houses like Louis Vuitton to expand their physical footprints in Australia, especially in Sydney and Melbourne, with a greater focus on capturing international visitors’ attention at airports. Post-pandemic revenge spending has allowed retailers to increase prices, countering business inflation and yielding higher profit margins. However, due to rising cost-of-living pressures, consumers are becoming more conservative with their spending. As a result, industry-wide revenue is expected to grow at an annualised 3.8% over the past few years through 2024-25, to total $7.7 billion, with revenue expected to grow a mere 1.3% in 2024-25. Going forward, industry revenue is projected to increase at an annualised 5.5% over the next few years, reaching $10.0 billion by 2029-30. This growth will be fuelled by increased discretionary income, improved consumer sentiment and a recovery in inbound tourism. Intensifying industry competition will arise from flagship stores investing in exclusive products and customer service. Emerging luxury brands targeting wealthy tourists will significantly shape the industry, benefiting independent boutiques that can readily adopt new and niche labels.

Australia secondhand luxury goods market size reached USD 646.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,381.5 Million by 2033, exhibiting a growth rate (CAGR) of 8.36% during 2025-2033. The emerging popularity of thrifting stores, coupled with the rising number of resale platforms, is primarily driving the market growth across the country.

The Australia luxury goods market size was valued at USD 7.10 Billion in 2024. The market is further projected to grow at a CAGR of 3.60% between 2025 and 2034, reaching a value of USD 10.11 Billion by 2034.

The average revenue per capita in the 'Luxury Leather Goods' segment of the luxury goods market in Australia was forecast to continuously increase between 2024 and 2029 by in total **** U.S. dollars (+***** percent). After the seventh consecutive increasing year, the average revenue per capita is estimated to reach ***** U.S. dollars and therefore a new peak in 2029. Find further information concerning the revenue in the 'Prestige Cosmetics & Fragrances' segment of the luxury goods market in France and the revenue in the luxury goods market in Guatemala. The Statista Market Insights cover a broad range of additional markets.

Over the last two observations, the revenue is forecast to significantly increase in all segments. As part of the positive trend, the revenue achieve the maximum value across all five different segments by the end of the comparison period. Notably, the segment Luxury Fashion stands out with the highest value of *** billion U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of revenue in the United Kingdom and a comparison of revenue in Singapore. The Statista Market Insights cover a broad range of additional markets.

The revenue of the second-hand luxury goods market in Australia and Oceania was estimated to be worth around *** million U.S. dollars in 2023. According to Statista forecasts, this market is set to see an increase, reaching over *** million U.S. dollars by 2028.

The revenue is forecast to experience significant growth in all segments in 2029. Upon closer observation, the relatively weak increase of the segment Luxury Eyewear stands out explicitly. the revenue in this segment experiences visibly smaller growth compared to the average, with a value of **** million U.S. dollars. Find further statistics on other topics such as a comparison of the average revenue per capita in the Netherlands and a comparison of the average revenue per capita in Taiwan. The Statista Market Insights cover a broad range of additional markets.

In Australia Luxury Goods Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision-making and business growth.

The Asia-Pacific luxury goods market, valued at $141.82 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.06% from 2025 to 2033. This expansion is fueled by several key factors. Rising disposable incomes, particularly within the burgeoning middle class of China and India, are significantly driving demand for luxury apparel, footwear, bags, jewelry, watches, and other luxury goods. Furthermore, the increasing influence of social media and aspirational lifestyles, coupled with a growing preference for personalized experiences and exclusive brands, contributes to market growth. E-commerce platforms are also playing a vital role, providing convenient access to luxury goods for a wider consumer base across the region, particularly in rapidly developing digital economies. However, geopolitical uncertainties and potential economic slowdowns could pose challenges. The market is segmented geographically, with China, Japan, India, Australia, and South Korea representing key markets. Competition among established luxury brands like LVMH, Chanel, and Richemont, alongside the emergence of local luxury players, is intensifying. The strategic expansion of single-branded stores alongside a robust multi-brand and online retail presence is shaping the distribution landscape.
The segmental breakdown reveals clothing and apparel, followed by footwear and luxury accessories (bags and jewelry), as dominant categories. Watches represent another significant portion of the market. While specific regional data is unavailable, it is reasonable to assume China holds the largest market share due to its massive population and economic growth. Japan, with its established luxury consumer base, and India, experiencing rapid economic expansion and a growing affluent class, also contribute significantly. Australia and South Korea represent strong, albeit smaller, luxury markets within the Asia-Pacific region. Future growth will be influenced by consumer preferences shifting towards sustainable and ethical luxury practices, leading to increased demand for eco-friendly and socially responsible luxury goods. Brands will need to adapt their strategies to address these evolving consumer values to maintain competitiveness. Recent developments include: June 2022: Estée Lauder's Luxury debuted its Fragrance Collection in Southeast Asia. This is Southeast Asia's first travel retail launch of the Estée Lauder Luxury Fragrance Collection. Estée Lauder has partnered with King Power Duty-Free [part of the King Power International Group] for the exclusive launch of the Luxury Fragrance Collection in Thailand., December 2021: Luxury swiss watch brand Roger Dubuis launched its first standalone store in Australia in Sydney. The brand has made 28 timepieces exclusive to the Sydney store, though sells its watches in other stores in Sydney and Melbourne., May 2021: the Los Angeles-based Aaron Kirman Group launched a new Asia-Pacific division to better tap into a growing market of luxury buyers from Asia.. Notable trends are: Rising Trend of Personalization and Customization of Goods.

The revenue in the 'Luxury Fashion' segment of the luxury goods market in Australia & Oceania was forecast to continuously increase between 2024 and 2029 by in total *** billion U.S. dollars (****** percent). After the seventh consecutive increasing year, the revenue is estimated to reach **** billion U.S. dollars and therefore a new peak in 2029. Find further information concerning the revenue in the 'Luxury Watches & Jewelry' segment of the luxury goods market in Singapore and the revenue in the 'Prestige Skin Care' segment of the luxury goods market in the United States. The Statista Market Insights cover a broad range of additional markets.

Access Asia-Pacific Luxury Goods Industry Overview which includes Asia Pacific country analysis of (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC), market split by Product Type, End User, Distribution

The Asian Luxury Goods Market report segments the industry into Type (Clothing and Apparel, Footwear, Bags, Jewelry, Watches, Other Types), Distribution Channel (Single-branded Stores, Multi-brand Stores, Online Stores, Other Distribution Channels), and Geography (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific). Get five years of historical data and future forecasts.

The Australia luxury market size reached USD 7.96 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 15.39 Million by 2033, exhibiting a growth rate (CAGR) of 7.20% during 2025-2033. The Australia luxury market is driven by a growing high-net-worth population with rising disposable incomes, fueling demand for premium goods and exclusive experiences. Additionally, global luxury trends, influenced by digital media and international travel, shape consumer preferences, driving brand expansion, personalized offerings, and high-end retail growth across various luxury segments.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on type, gender, and distribution channel.

In Australia Luxury Fashion Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision-making and business growth.

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Luxury Apparel Market Size 2025-2029

The luxury apparel market size is forecast to increase by USD 25.2 billion, at a CAGR of 4.7% between 2024 and 2029.

The market is experiencing significant growth, driven by rising disposable income in emerging economies and the increasing popularity of luxury sportswear apparel. These factors are expanding the consumer base and fueling demand for high-end clothing. However, the market also faces challenges, such as the growing trend of purchasing resale luxury apparel products. This trend poses a threat to new product sales, as consumers increasingly opt for second-hand items to save costs while still enjoying luxury brands. To capitalize on market opportunities, companies must focus on innovation and sustainability, offering unique designs and eco-friendly materials to differentiate themselves.
Additionally, collaborations with influencers and strategic partnerships can help expand reach and attract younger consumers. Navigating these challenges and opportunities requires a deep understanding of consumer preferences and market trends, enabling companies to make informed decisions and effectively position themselves in the market.

What will be the Size of the Luxury Apparel Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with dynamic market trends shaping various sectors. Luxury fabrics, such as silk and cashmere, remain in high demand, while vintage clothing and bespoke pieces experience a resurgence in popularity. Casual wear and men's fashion segments also show growth, driven by consumer preferences for comfort and individuality. Public relations plays a crucial role in shaping brand perception, with fashion shows and social media marketing platforms providing key channels for engagement. Haute couture and formal wear continue to represent the pinnacle of craftsmanship and exclusivity. Garment construction and textile design innovations, such as circular economy initiatives and ethical sourcing, are increasingly important in addressing consumer concerns and enhancing brand loyalty.

Pricing strategies and consumer behavior analysis are essential components of successful retail channels, while trend forecasting informs product development and marketing efforts. Vintage accessories and personal styling services cater to the growing demand for unique, sustainable, and personalized offerings. Quality control and fair trade practices ensure ethical production and maintain brand reputation. The market's continuous evolution reflects the industry's adaptability and commitment to meeting evolving consumer needs and preferences.

How is this Luxury Apparel Industry segmented?

The luxury apparel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


End-user

  Men
  Women


Material Type

  Silk
  Wool
  Leather
  Cotton


Product Types

  Dresses
  Suits
  Jackets
  Trousers
  Accessories


Geography

  North America

    US
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

In The market, offline distribution channels continue to hold significance due to their capacity to deliver a tactile and immersive shopping experience for customers. The allure of touching fabrics, trying on garments, and receiving personalized advice from well-informed sales associates is a key draw for consumers. Furthermore, the ambiance of luxurious store interiors, refined displays, and exclusive environments add to the overall opulence of offline retail. The offline luxury apparel distribution landscape encompasses a diverse array of retail formats, including high-end department stores, luxury brand boutiques, concept stores, and flagship stores. Brands leverage this range of options to cater to distinct consumer segments and offer varying degrees of luxury experiences.

Personal care and garment construction play crucial roles in the market, with an emphasis on quality and craftsmanship. Social media marketing and fashion shows serve as essential tools for brands to showcase their latest collections and engage with their audience. Fair trade and ethical sourcing have gained prominence as consumers increasingly prioritize sustainability and social responsibility. Children's fashion, casual wear, men's and wom

Australia’s luxury hotel market is expected to grow at 8.12% CAGR from 2025 to 2030, supported by increasing demand for premium accommodations in major tourist and business hubs.

The revenue is forecast to experience significant growth in all segments in 2029. Particularly striking is the exceptionally strong increase of the segment Luxury Watches & Jewelry towards the end of the forecast period. The value amounting to *********** U.S. dollars stands out significantly from the average changes, which are estimated at **** billion U.S. dollars. Find other insights concerning similar markets and segments, such as a comparison of revenue in Australia and a comparison of revenue growth in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

This statistic depicts the retail value distribution of the imported luxury brands market in Australia in 2016, broken down by item. During the measured period, luxury watches held the biggest market share with almost ** percent of the total retail value of luxury goods imported to Australia.

Louis Vuitton web scraped data

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The luxury fashion industry in the Asia Pacific, particularly in Australia, has seen a considerable surge in popularity over recent years. With a central focus on high-end designer brands such as Louis Vuitton, this lucrative market operates both in physical boutiques and more predominantly, via ecommerce. Australian consumers are now highly targeted by luxury brand campaigns due to their increasing purchasing power. The… See the full description on the dataset page: https://huggingface.co/datasets/DBQ/Louis.Vuitton.Product.prices.Australia.