Asian Luxury Goods Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Asian Luxury Goods Market Trends and is segmented by Type (Clothing and Apparel, Footwear, Bags, Jewelry, Watches, and Other Types), Distribution Channel (Single-branded Stores, Multi-brand Stores, Online Stores, and Other Distribution Channels), and Geography (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific). The report offers market size and forecasts for the Asia-Pacific luxury goods market in value (in USD million) for all the above segments.

Asian Luxury Goods Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia Pacific Luxury Goods Market Size

Asia-Pacific Luxury Goods Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 147.58 Billion
Market Size (2030) USD 180.07 Billion
CAGR (2025 - 2030) 4.06 %
Market Concentration Low

Major Players

Asia-Pacific Luxury Goods Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of APAC Luxury Goods Market with other markets in Consumer Goods and Services Industry

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Asia Pacific Luxury Goods Market Analysis

The APAC Luxury Goods Market size is estimated at USD 147.58 billion in 2025, and is expected to reach USD 180.07 billion by 2030, at a CAGR of 4.06% during the forecast period (2025-2030).

The Asia-Pacific region is the world's largest consumer of luxury products and has grown to be a significant market for international luxury brands. In the Asia-Pacific region, China and Japan rank among the top consumers of luxury goods and have the highest average per capita incomes. According to Alibaba, the sales of luxury goods in China increased from 11% to 20% in 2020 as compared to the overall share of the global industry.

The Asian luxury market is in flux, with consumers demanding luxury goods from different backgrounds and starting points. A steady economy, rapidly changing consumer trends, the growth of boutique luxury brands, and the massive shift from physical to digital channels are creating a new competitive landscape for the luxury goods market. Younger consumers are helping to drive changes in luxury consumption and attitudes. They are heavily fixated on sustainability, and most luxury consumers say they prefer brands that are socially responsible.

The COVID-19 epidemic had a big effect on the luxury goods market, especially in this part of the world where many people have been forced to stay home because of travel bans and lockdowns.

Asia Pacific Luxury Goods Industry Overview

The Asia-Pacific luxury goods market is fragmented with the presence of various companies. Some of the major players in the market are LVMH Moet Hennessy Louis Vuitton SE, Chanel SA, Rolex SA, Hermes International SA, and Kering SA. Emphasis is given to the merger, expansion, acquisition, and partnerships of the companies, along with the new product development, as a strategy adopted by the leading companies to boost their brand presence among consumers. Players in the market are diversifying their products and expanding their distribution circles, and they are experimenting through online channels to acquire a competitive edge in the market. For example, in May 2020, Alibaba Group Holding Ltd launched a new luxury platform aimed at young consumers, as well as assisting high-end brands in shedding excess inventory accumulated during the global COVID-19 pandemic. The company was piloting the new luxury Soho platform to run alongside its Tmall Luxury Pavilion flagship site. With Luxury Soho, brands can now move selected products and collections onto an online outlet store and bring them in front of a specific audience.

Asia Pacific Luxury Goods Market Leaders

  1. Chanel S.A

  2. Hermès International S.A

  3. Kering S.A.

  4. Rolex SA

  5. LVMH Moet Hennessy Louis Vuitton SE

  6. *Disclaimer: Major Players sorted in no particular order
LVMH Moët Hennessy, Chanel S.A, Hermès International S.A, Kering S.A., Rolex SA
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Asia Pacific Luxury Goods Market News

  • 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.

Asia Pacific Luxury Goods Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products and Services
    • 4.3.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Clothing and Apparel
    • 5.1.2 Footwear
    • 5.1.3 Bags
    • 5.1.4 Jewelry
    • 5.1.5 Watches
    • 5.1.6 Other Types
  • 5.2 Distribution Channel
    • 5.2.1 Single-branded Stores
    • 5.2.2 Multi-brand Stores
    • 5.2.3 Online Stores
    • 5.2.4 Other Distribution Channels
  • 5.3 Geography
    • 5.3.1 China
    • 5.3.2 Japan
    • 5.3.3 India
    • 5.3.4 Australia
    • 5.3.5 South Korea
    • 5.3.6 Rest of Asia-Pacific

6. Competitive Landscape

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 LVMH Moet Hennessy
    • 6.3.2 Chanel SA
    • 6.3.3 Hermes International SA
    • 6.3.4 Kering SA
    • 6.3.5 Rolex SA
    • 6.3.6 Compagnie Financiere Richemont SA
    • 6.3.7 Prada SpA
    • 6.3.8 L'Oreal SA
    • 6.3.9 The Estee Lauder Company
    • 6.3.10 The Swatch Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Asia Pacific Luxury Goods Industry Segmentation

A luxury product is an expensive product that solely serves as a status symbol. Higher-income people generally purchase it to flaunt their affluence and gain social prestige. The Asia-Pacific luxury goods market is segmented by type, distribution channel, and geography. Based on type, the market is segmented into clothing and apparel, footwear, bags, jewelry, watches, and other types. Based on distribution channels, the market is segmented into single-brand stores, multi-brand stores, online stores, and other distribution channels. Based on geography, the market is segmented into China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

Type Clothing and Apparel
Footwear
Bags
Jewelry
Watches
Other Types
Distribution Channel Single-branded Stores
Multi-brand Stores
Online Stores
Other Distribution Channels
Geography China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
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Asia Pacific Luxury Goods Market Research FAQs

How big is the APAC Luxury Goods Market?

The APAC Luxury Goods Market size is expected to reach USD 147.58 billion in 2025 and grow at a CAGR of 4.06% to reach USD 180.07 billion by 2030.

What is the current APAC Luxury Goods Market size?

In 2025, the APAC Luxury Goods Market size is expected to reach USD 147.58 billion.

Who are the key players in APAC Luxury Goods Market?

Chanel S.A, Hermès International S.A, Kering S.A., Rolex SA and LVMH Moet Hennessy Louis Vuitton SE are the major companies operating in the APAC Luxury Goods Market.

What years does this APAC Luxury Goods Market cover, and what was the market size in 2024?

In 2024, the APAC Luxury Goods Market size was estimated at USD 141.59 billion. The report covers the APAC Luxury Goods Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the APAC Luxury Goods Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Luxury Goods in Asia Industry Report

Statistics for the 2025 APAC Luxury Goods market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Luxury Goods analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.