The Asia-Pacific Luxury Goods Market is Segmented by Product Type (Clothing and Apparel, Footwear, Eyewear, Leather Goods, Jewelry, Watches, and Beauty and Personal Care), End User (Men, Women, and Unisex), Distribution Channel (Single Brand Stores, Multi Brand Stores, Online Stores, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

In 2022, the luxury goods market in Asia generated *** billion U.S. dollars. The market size of luxury goods in Asia was forecast to grow further until 2027, generating *** billion U.S. dollars that year.

In 2024, China ranked first by revenue in the luxury goods market among the 25 countries presented in the ranking. China's revenue amounted to ************* U.S. dollars, while Japan and India, the second and third countries, had records amounting to ************* U.S. dollars and ************* U.S. dollars, respectively.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Luxury Goods.

The size of the Asia Pacific Luxury Goods Industry market was valued at USD 141.82 Million in 2023 and is projected to reach USD 187.38 Million by 2032, with an expected CAGR of 4.06% during the forecast period. 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.. Key drivers for this market are: Product Innovations to Drive Demand for Watches, Rising Demand for Premium Fashion Items. Potential restraints include: Presence of Counterfeit Products. Notable trends are: Rising Trend of Personalization and Customization of Goods.

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.

USD 103.77 Billion in 2024; projected USD 196.34 Billion by 2033; CAGR 7.34%.

The revenue of the second-hand luxury goods market in Asia (excluding GCC) was estimated to be worth around ************ U.S. dollars in 2023, with Eastern Asia accounting for roughly ** percent of the total market revenue. According to Statista estimates, the Asian second-hand luxury goods market is set to see an increase, reaching over *** billion U.S. dollars by 2028.

Discover the booming Asia Pacific luxury goods market! This in-depth analysis reveals a $141.82 billion market in 2025, growing at a CAGR of 4.06% through 2033. Explore key drivers, trends, and regional insights, including market leaders like LVMH and Kering. Key drivers for this market are: Product Innovations to Drive Demand for Watches, Rising Demand for Premium Fashion Items. Potential restraints include: Presence of Counterfeit Products. Notable trends are: Rising Trend of Personalization and Customization of Goods.

According to cognitive market research, the global Luxury Goods Market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.

North America held the largest share of the global Turbo Generator market around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Asia-Pacific accounted for a share of over XX% of the global market size of USD XX million.
Europe held a market share of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
The Latin American market is around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

Market Dynamics of the Luxury Goods Market

Key Drivers of the Luxury Goods Market

Increasing the wealth of the population will help in market expansion.

Luxury goods are the primary product for the wealthy population and an increasing number of them led to the expansion of the market. There are 2,781 billionaires in the world, and according to the Hurun Global Rich List, china has the highest number of billionaires 814 in the world. To attract the Gen Z generation and millennials to luxury products businesses are tailoring their product offerings. For example, brands like Louis Vuitton have added customized options or the option of hand paints or adding a hot stamp to their bags. This attracts Gen Z and the wealthy population’s rising desire for high-end fashion goods. • For Instance, the report by ET BRAND EQUITY.com the billionaires' spending on luxury brands has increased as global financial wealth grew by 10.6% at the fastest rate as compared to the last decade, a hike of $26 trillion in wealth can be seen. Also Hermes International said that they have seen a growth of 24% excluding currency swings.

(Source:https://brandequity.economictimes.indiatimes.com/news/business-of-brands/the-worlds-rich-are-spending-on-luxury-goods-like-its-1999/95054360#:~:text=The%20immense%20growth%20in%20affluence,increasing%20demand%20for%20luxury%20goods.&text=Global%20financial%20wealth%20grew%2010,extra%20%2426%20trillion%20in%20wealth).

• For instance, according to the report consultancy.eu there will be a hike in the luxury goods market by 12% and the luxury goods market considering watches, jewelry, and fashion brands are expected to reach €570 billion by 2030, and the market of personal luxury personal care is expected to grow around 10-12%.

(Source:https://www.consultancy.eu/news/9073/global-luxury-goods-industry-could-grow-by-12-this-year).

Increasing awareness towards eco-friendly or sustainable products provides an opportunity for growth.

The global luxury brand is promoting the use of sustainable and eco-friendly raw material products instead of using animal-based products like leather, the luxury brands have started using plant-based leather like pineapple and other organic resources that can be used to make jackets, footwear, and handbags. Consumers are also demanding sustainable and eco-friendly products. Here are some brands that use vegan or plant-based leather for manufacturing luxury goods Stella McCartney, Gunas, Angela Roi, MATT & NAT, etc. Additionally, the brands also emphasize safe raw materials, less water consumption, and less electricity use throughout the supply chain. Some brands have also used the offer of high-end solar watches made from recycled material. • For instance, according to the article by Appnova, the demand for sustainability in luxury brands is increasing as per the report there are around 85% of millennials and the Generation Z population help to increase the sales of luxury brands. The study indicates that around 73% of millennials are looking forward to spending more on sustainable luxury products.

(Source:https://www.appnova.com/sustainability-in-luxury-fashion-top-brands-and-their-sustainable-practices/).

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The Luxury Goods Market Report is Segmented by Product Type (Clothing and Apparel, Footwear, and More), End User (Men, Women, and Unisex), Distribution Channel (Single Brand Stores, Multi Brand Stores, and More) and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Value (USD).

USD 10.73 Billion in 2024; projected USD 20.84 Billion by 2033; CAGR 7.55%.

Discover the booming APAC luxury goods market! This comprehensive analysis reveals a $129.47B market with a 3.3% CAGR, driven by rising incomes and digital influence. Explore key trends, leading brands, and regional insights for 2025-2033.

The Asia Pacific luxury goods market size reached USD 106.50 Billion in 2024. The market is expected to grow at a CAGR of 3.32% between 2025 and 2034, reaching USD 147.64 Billion by 2034.

In Asia Secondhand Luxury Goods Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.

Success.ai’s Fashion & Apparel Data for Apparel, Fashion & Luxury Goods Professionals in Asia provides a robust dataset tailored for businesses seeking to connect with key players in Asia’s thriving fashion and luxury goods industries. Covering roles such as brand managers, designers, retail executives, and supply chain leaders, this dataset includes verified contact details, professional insights, and actionable business data.

With access to over 700 million verified global profiles and 130 million profiles focused on Asia, Success.ai ensures your outreach, marketing, and business development strategies are supported by accurate, continuously updated, and AI-validated data. Backed by our Best Price Guarantee, this solution positions you to succeed in Asia’s competitive and ever-growing fashion markets.

Why Choose Success.ai’s Fashion & Apparel Data?

1. Verified Contact Data for Precision Outreach

   • Access verified work emails, phone numbers, and LinkedIn profiles of professionals in apparel, fashion, and luxury goods industries across Asia.
   • AI-driven validation ensures 99% accuracy, reducing bounce rates and enhancing communication efficiency.

2. Comprehensive Coverage of Asian Fashion Professionals

   • Includes profiles from major fashion hubs such as China, India, Japan, South Korea, and Southeast Asia.
   • Gain insights into regional consumer trends, emerging fashion markets, and luxury goods opportunities.

3. Continuously Updated Datasets

   • Real-time updates capture changes in leadership, market expansions, and product launches.
   • Stay aligned with evolving industry trends and capitalize on new opportunities effectively.

4. Ethical and Compliant

   • Fully adheres to GDPR, CCPA, and other global data privacy regulations, ensuring responsible and lawful data usage.

Data Highlights:

• 700M+ Verified Global Profiles: Connect with professionals across the global fashion and apparel industries, with a focus on Asia.
• 130M+ Profiles in Asia: Gain detailed insights into professionals shaping the region’s fashion and luxury goods markets.
• Verified Contact Details: Access work emails, phone numbers, and business locations for precise targeting.
• Leadership Insights: Engage with designers, brand managers, and retail leaders driving Asia’s fashion trends.

Key Features of the Dataset:

1. Comprehensive Professional Profiles

   • Identify and connect with decision-makers in apparel design, luxury goods branding, retail operations, and supply chain management.
   • Target individuals leading innovation in sustainable fashion, fast fashion, and digital transformation.

2. Advanced Filters for Precision Campaigns

   • Filter professionals by industry focus (luxury goods, ready-to-wear, footwear), geographic location, or job function.
   • Tailor campaigns to align with specific market needs, such as emerging e-commerce platforms or regional fashion preferences.

3. Industry and Regional Insights

   • Leverage data on consumer behaviors, market growth, and regional trends in Asia’s fashion and luxury goods sectors.
   • Refine marketing strategies, product development, and partnership outreach based on actionable insights.

4. AI-Driven Enrichment

   • Profiles enriched with actionable data allow for personalized messaging, highlight unique value propositions, and improve engagement outcomes.

Strategic Use Cases:

1. Marketing Campaigns and Brand Expansion

   • Design targeted campaigns to promote apparel, luxury goods, or retail solutions to fashion professionals in Asia.
   • Leverage multi-channel outreach, including email, phone, and social media, to maximize engagement.

2. Product Development and Consumer Insights

   • Utilize data on regional trends and consumer preferences to guide product development and marketing strategies.
   • Collaborate with brand managers and designers to tailor collections or launch new offerings aligned with market demands.

3. Partnership Development and Retail Collaboration

   • Build relationships with retail chains, luxury brands, and supply chain leaders seeking strategic alliances.
   • Foster partnerships that expand distribution channels, enhance brand visibility, or improve operational efficiencies.

4. Market Research and Competitive Analysis

   • Analyze trends in Asia’s fashion industry to refine business strategies, identify market gaps, and anticipate consumer demands.
   • Benchmark against competitors to stay ahead in the fast-paced fashion landscape.

Why Choose Success.ai?

1. Best Price Guarantee

   • Access premium-quality fashion and apparel data at competitive prices, ensuring strong ROI for your marketing, sales, and product development efforts.

2. Seamless Integration

   • Integrate verified data into CRM systems, analytics platforms, or marketing tools via APIs or downloadable formats, streamlining workfl...

The global luxury goods market size was USD 327.52 billion in 2024 & is projected to grow from USD 349.15 billion in 2025 to USD 480.54 billion by 2033.
Report Scope:

Over the forecast period until 2029, the online revenue share is forecast to exhibit fluctuations among the two segments. Comparing the two different segments for the year 2029, the segment 'Offline' leads the ranking with ***** percent. Contrastingly, 'Online' is ranked last, with ***** percent. Their difference, compared to Offline, lies at **** percentage points. Find further statistics on other topics such as a comparison of the revenue in the United Kingdom and a comparison of the online revenue share in Singapore. The Statista Market Insights cover a broad range of additional markets.

In 2024, China was estimated to account for ** percent of the global personal luxury goods market. In comparison, Japan's personal luxury goods market made up **** percent of the market in 2024. Global context and market trends The Asia-Pacific region, led by China and Japan, forms the largest share of the global luxury goods market. In 2023, the Americas and Europe each accounted for a similar share of the personal luxury goods market, with China close behind. Looking ahead, the revenue of luxury goods was estimated to grow across all segments by 2029. The luxury watches and jewelry segment is expected to see particularly strong growth, with a projected revenue of over *** billion U.S. dollars. This forecast suggests that Asia, and especially China, will continue to be crucial markets for luxury goods in the coming years.
Regional dynamics and consumer behavior While China and Japan dominate the Asian luxury goods landscape, other countries in the region are also making their mark. A survey conducted in 2024 revealed that respondents from the Philippines and Thailand mostly purchased luxury items two to three times a year, a similar shopping behavior to Chinese respondents. In most Southeast Asian countries, luxury clothing is the preferred category for most consumers, while **** of the Chinese respondents favor luxury cosmetics and skincare.

The luxury fashion market, valued at $91.93 billion in 2025, is projected to experience steady growth, with a Compound Annual Growth Rate (CAGR) of 2.7% from 2025 to 2033. This growth is driven by several key factors. Firstly, the rising global affluent population, particularly in emerging markets like China and India, fuels demand for high-end apparel, footwear, and accessories. Secondly, the increasing influence of social media and celebrity endorsements significantly impacts consumer purchasing decisions, creating a strong aspirational pull towards luxury brands. Furthermore, the ongoing shift towards personalized experiences and exclusive collaborations enhances the perceived value and desirability of luxury goods. The market is segmented by application (male, female, children) and product type (clothing, footwear, accessories), with notable players like Louis Vuitton, Hermès, Gucci, Chanel, and others dominating the landscape. Brand loyalty and the heritage associated with these established houses remain powerful drivers. However, challenges exist, including economic downturns, fluctuating currency exchange rates, and the increasing popularity of more affordable, high-quality alternatives. Sustainable and ethical sourcing practices are also gaining importance, influencing consumer preferences and pushing luxury brands towards greater transparency and responsibility in their supply chains. This suggests that while the market will continue to expand, brands will need to adapt strategically to maintain their competitive edge and cater to evolving consumer expectations. The market's regional distribution is expected to reflect existing power dynamics, with North America and Europe retaining significant market shares due to established luxury consumption patterns. However, the Asia-Pacific region, especially China, is poised for substantial growth, becoming a major contributor to the overall expansion of the luxury fashion market in the coming years. This growth is fueled by a rapidly expanding middle class with increasing disposable income and a growing appreciation for global luxury brands. The competitive landscape features both established luxury houses and emerging designers who are leveraging digital platforms and innovative marketing strategies to tap into new customer segments. Maintaining exclusivity while expanding accessibility remains a crucial balancing act for luxury brands in navigating this dynamic market.