Luxury Apparel Market Size - Industry Report On Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Luxury Apparel Market is Segmented by Type (Upperwear, Lowerwear, and Innerwear); by End User (Men, Women, and Children); by Distribution Channel (Offline Channel and Online Channel); and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers Market Size and Values in (USD Million) During the Forecasted Years for the Above Segments.

Luxury Apparel Market Size - Industry Report On Share, Growth Trends & Forecasts Analysis (2025 - 2030)

Luxury Apparel Market Size

Luxury Apparel Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 117.35 Billion
Market Size (2030) USD 161.24 Billion
CAGR (2025 - 2030) 6.56 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration Low

Major Players

Luxury Apparel Market Major Players

*Disclaimer: Major Players sorted in no particular order

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

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Luxury Apparel Market Analysis

The Luxury Apparel Market size is estimated at USD 117.35 billion in 2025, and is expected to reach USD 161.24 billion by 2030, at a CAGR of 6.56% during the forecast period (2025-2030).

Increasing communication between consumers and key players through social media platforms and online retail stores drives the latest trendy luxury apparel sales. The rise in online transactions has supported the market growth of luxury apparel over the last few years. Consumer-specific attractive promotions and advertising through magazines and social media influence the sales of luxury apparel, as nearly half of the buying decisions are majorly influenced by what consumers see or hear from offline and online platforms.

  • Luxury apparel is mainly considered a status symbol for individuals and drives discretionary spending among consumers with high purchasing power. The increasing popularity of luxury apparel among millennials is driving market growth as they are more likely to be caused by the latest fashion trends than other consumer groups. Improvement in digital marketing and a rise in the use of digital media in developing economies for product marketing has been playing a pivotal role in driving the luxury apparel market's growth over the last few years.
  • The improving supply chain and distribution of luxury apparel have also been driving the market studied. For example, in December 2021, Saudi Arabia's General Authority for Competition approved the joint venture between G Distribution B.V and Al Rubaiyat Co. for Industry & Trade Holding to sell and distribute Gucci products in the Kingdom. During the review period, LVHM also launched its multi-brand website to increase its accessibility among consumers.
  • Moreover, premium brands are also tapping into the growing demand for modest wear across countries like the United Arab Emirates, Saudi Arabia, and others which are gaining traction among consumers willing to address both spiritual and stylistic requirements. Globally, the modest fashion industry has reached to USD 277 billion mark (State of the Global Islamic Economy Report 2020/21), with Saudi Arabia representing one of the significant market shares. This is aided by the country's robust modern retailing, the demand for global brands, and the growing Muslim population, creating a lucrative space for luxury brands.
  • Recently, in 2022, Gucci launched its Nojum - a modest collection explicitly designed for the unostentatious needs of the Middle East, including Saudi Arabia. Such innovations have been driving the market studied.

Luxury Apparel Industry Overview

Some key players operating in the global luxury apparel market are Prada S.p.A., LVMH Moët Hennessy Louis Vuitton, Hermès International S.A., Capri Holdings Limited, and Kering. These players hold a dominant share of the overall market. The other prominent players in the market are Ralph Lauren Corporation, and Burberry Group PLC, among others. Manufacturers are mainly concentrated in Europe and North America. High entry barriers, since most consumers are loyal to certain brands only, create difficulty for small players to enter this market. With a relatively fragmented and competitive landscape, robust marketing campaigning is key in retaining consumer interest.

Luxury Apparel Market Leaders

  1. LVMH Moët Hennessy Louis Vuitton

  2. Prada Holding S.P.A.

  3. Kering SA

  4. Hermès International S.A.

  5. Capri Holdings Limited

  6. *Disclaimer: Major Players sorted in no particular order
Luxury Apparel Market Concentration
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Luxury Apparel Market News

  • November 2022: The New Concepts Nordstrom platform and the British luxury brand Burberry announced the debut of Concept 019: Burberry with the introduction of a capsule collection and several in-store installations. The capsule collection includes outerwear staples, including trench coats and puffer jackets, while ready-to-wear and accessories for men, women, and children include graphic T-shirts, knitwear, tailoring, bags, shoes, and scarves.
  • September 2022: Hermès International S.A. announced the opening of a new duplex store offering a range of premium apparel within the Union Square shopping mall in Ho Chi Minh City, Vietnam.
  • February 2022: LVMH announced its plans to acquire the United States-based luxury brand, Ralph Lauren. The company intends to increase its worldwide brand development. In a developing market like Saudi Arabia, where Ralph Lauren already has an omnichannel presence, this purchase will allow brands to mold themselves according to the region's demographic trends and deliver new-end products to Saudi consumers.

Luxury Apparel 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 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Upperwear
    • 5.1.2 Lowerwear
    • 5.1.3 Innerwear
  • 5.2 End User
    • 5.2.1 Men
    • 5.2.2 Women
    • 5.2.3 Children
  • 5.3 Distribution Channel
    • 5.3.1 Offline Channel
    • 5.3.2 Online Channel
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.1.4 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 United Kingdom
    • 5.4.2.2 Germany
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Russia
    • 5.4.2.7 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle-East and Africa
    • 5.4.5.1 South Africa
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Kering SA
    • 6.3.2 Capri Holdings Limited
    • 6.3.3 Prada Holding S.P.A.
    • 6.3.4 Dolce & Gabbana S.r.l.
    • 6.3.5 LVMH Moët Hennessy Louis Vuitton
    • 6.3.6 Burberry Group Plc
    • 6.3.7 Giorgio Armani S.p.A.
    • 6.3.8 Ralph Lauren Corporation
    • 6.3.9 Ferragamo Finanziaria S.P.A.
    • 6.3.10 Hermès International S.A.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Luxury Apparel Industry Segmentation

Luxury clothes are usually fashionable, trendy or high class, and expensive. Brands not only focus on providing the latest looks but also cater to cultural trends and street culture to attract different kinds of consumers. 

The scope of the global luxury apparel market includes segmentation of the market based on type, end-user, distribution channel, and geography. Based on type, the market has been segmented into upper wear, lower wear, and innerwear. Based on the end user, the market is segmented into men, women, and children. Further, the market covers offline and online distribution channels based on the distribution channel. The market is studied thoroughly for different countries in regions worldwide, including North America, Europe, Asia-Pacific, South America, Middle East, and Africa. 

For each segment, the market sizing and forecasts have been done based on value (in USD million).

Type Upperwear
Lowerwear
Innerwear
End User Men
Women
Children
Distribution Channel Offline Channel
Online Channel
Geography North America United States
Canada
Mexico
Rest of North America
Europe United Kingdom
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific China
Japan
India
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle-East and Africa South Africa
United Arab Emirates
Rest of Middle-East and Africa
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Luxury Apparel Market Research FAQs

How big is the Luxury Apparel Market?

The Luxury Apparel Market size is expected to reach USD 117.35 billion in 2025 and grow at a CAGR of 6.56% to reach USD 161.24 billion by 2030.

What is the current Luxury Apparel Market size?

In 2025, the Luxury Apparel Market size is expected to reach USD 117.35 billion.

Who are the key players in Luxury Apparel Market?

LVMH Moët Hennessy Louis Vuitton, Prada Holding S.P.A., Kering SA, Hermès International S.A. and Capri Holdings Limited are the major companies operating in the Luxury Apparel Market.

Which is the fastest growing region in Luxury Apparel Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Luxury Apparel Market?

In 2025, the Europe accounts for the largest market share in Luxury Apparel Market.

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

In 2024, the Luxury Apparel Market size was estimated at USD 109.65 billion. The report covers the Luxury Apparel Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Luxury Apparel Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Luxury Apparel Industry Report

The global luxury apparel market is witnessing substantial growth, driven by an increasing working women population, the rising trend of revenge spending, and effective social media marketing. The market thrives on the growing adoption of organic and luxury detergents, alongside innovations in products and deep engagements through digital platforms. The clothing sector, particularly luxury apparel including formal wear, casual wear, sportswear, and innerwear, dominates this space, with consumers demanding high-quality fabrics with unique designs. This trend is amplified by the "quiet luxury" movement, signifying a preference for soft-colored, logo-free apparel. Meanwhile, the market's expansion is significantly influenced by online shopping trends and the growing acceptance of luxury fashion online, thanks to the appeal among Gen X and female consumers who are major contributors to this market. Despite challenges like competition and counterfeit products, the market outlook remains optimistic, underpinned by strategic marketing efforts to enhance product awareness, particularly among middle-class consumers, promising a dynamic shift in the luxury apparel market landscape. Statistics for the Luxury Apparel market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Luxury Apparel analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.

Luxury Apparel Market Report Snapshots