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

The Report Covers North America Luxury Goods Market Analysis & Companies and it is Segmented by Type (Clothing and Apparel, Footwear, Bags, Jewelry, Watches, and Other Types); by Distribution Channels (Single-Branded Stores, Multi-Brand Stores, Online Stores, and Other Distribution Channels); and by Country (United States, Canada, Mexico, and Rest of North America). The report offers market size and forecast value (USD million) for all the above segments.

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

North America Luxury Goods Market Size

North America Luxury Goods Market Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 110.39 Billion
Market Size (2030) USD 155.33 Billion
CAGR (2025 - 2030) 7.07 %
Market Concentration Low

Major Players

North America Luxury Goods Market Major Players

*Disclaimer: Major Players sorted in no particular order

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

Apparel, Footwear & Accessories

Luxury Goods & Services

Recreational Goods

Baby Care

Beauty and Personal Care

Consumer Services

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North America Luxury Goods Market Analysis

The North America Luxury Goods Market size is estimated at USD 110.39 billion in 2025, and is expected to reach USD 155.33 billion by 2030, at a CAGR of 7.07% during the forecast period (2025-2030).

North America demonstrates a more extensive base of fashion-conscious consumers with comparatively higher spending power, keeping up with the latest market trends for personal accessories like clothing, purses, watches, and jewelry. Social media influencers that promote luxury businesses' newly released collections to draw in customers impact consumer behavior. Customers are also drawn to luxury goods because of their distinctive designs, longevity, comfort, and aesthetics, which set them apart from fast fashion accessories. Furt more, the region has a strong network of single-brand and multi-brand stores in airports and shopping centers, enabling affluent customers to select from various product choices from regional and international luxury brands.

The region's demand for luxury products is significantly high, owing to the high disposable incomes. Moreover, North America remains one of the most important destinations for luxury tourism, making it unique as a market for luxury retail in the region. The e emergence of e-commerce has provided easy access to product-related information and prices through online sources at any time. This significant trend has further contributed to the overall growth of the North American luxury market.

After facing a slowdown during Covid 19, the North American luxury goods market has undergone a V-shape rebound. Additionally, demand for luxury goods is constantly rising owing to the increasing number of high-income individuals and the introduction of new innovative luxury goods in the region. In addition to traditional luxury products, digital assets and the virtual world, which include social media, gaming, and the metaverse, are becoming increasingly important in terms of luxury brands' value propositions, which will become increasingly important in the forecasted period. To compete in the increasingly competitive luxury market, luxury brands have the opportunity to be critical players in the development of virtual worlds.

North America Luxury Goods Industry Overview

The North American luxury goods market is highly competitive, with many domestic and multinational players competing for market share. Emphasis is given to the companies' mergers, expansion, acquisitions, partnerships, and new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Giorgio Armani SpA, Kering Group, Louis Vuitton North America, Inc., Rolex SA, Hermès, The Estée Lauder Companies, Patek Philippe SA, The Swatch Group, and Richemont, among others.

North America Luxury Goods Market Leaders

  1. Giorgio Armani S.p.A.

  2. Kering Group

  3. Rolex SA

  4. LVMH Moët Hennessy Louis Vuitton

  5. Hermès International S.A.

  6. *Disclaimer: Major Players sorted in no particular order
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North America Luxury Goods Market News

  • In September 2022, at 706 Madison Avenue in the tony shopping corridor of New York, Hermès opened one of its largest flagship stores in the world.
  • In July 2022, Louis Vuitton opened the doors of its first-ever men's store in California. With this opening, Louis Vuitton now has eight stand-alone men's stores in the country.
  • In March 2022, Kering Eyewear planned to acquire the United States eyewear brand Maui Jim. Kering Eyewear has signed an agreement to acquire Maui Jim, Inc., founded in 1987 in Hawaii. Maui Jim is the world's largest independent sunglasses brand.

North America 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 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 By 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 By 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 By Country
    • 5.3.1 United States
    • 5.3.2 Canada
    • 5.3.3 Mexico
    • 5.3.4 Rest of North America

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Giorgio Armani S.p.A.
    • 6.3.2 Kering Group
    • 6.3.3 LVMH Moët Hennessy Louis Vuitton
    • 6.3.4 Rolex SA
    • 6.3.5 Hermès International S.A.
    • 6.3.6 The Estée Lauder Companies
    • 6.3.7 Patek Philippe SA
    • 6.3.8 The Swatch Group
    • 6.3.9 Gucci
    • 6.3.10 Richemont
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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North America Luxury Goods Industry Segmentation

Luxury goods, also called superior goods, are products with a demand directly related to consumer income exponentially. The luxury goods market in North America is segmented based on type, distribution channels, and geography The market is segmented by clothing and apparel, footwear, bags, jewelry, watches, and other types. Based on the distribution channel, the market is segmented into single-branded stores, departmental stores, online stores, and other distribution channels. Also, the study analyzes the luxury goods market in emerging and established markets across North America, including the United States, Canada, Mexico, and the Rest of North America. For each segment, the market sizing and forecasts have been done based on value (in USD million).

By Type Clothing and Apparel
Footwear
Bags
Jewelry
Watches
Other Types
By Distribution Channel Single-branded Stores
Multi-brand Stores
Online Stores
Other Distribution Channels
By Country United States
Canada
Mexico
Rest of North America
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North America Luxury Goods Market Research FAQs

How big is the North America Luxury Goods Market?

The North America Luxury Goods Market size is expected to reach USD 110.39 billion in 2025 and grow at a CAGR of 7.07% to reach USD 155.33 billion by 2030.

What is the current North America Luxury Goods Market size?

In 2025, the North America Luxury Goods Market size is expected to reach USD 110.39 billion.

Who are the key players in North America Luxury Goods Market?

Giorgio Armani S.p.A., Kering Group, Rolex SA, LVMH Moët Hennessy Louis Vuitton and Hermès International S.A. are the major companies operating in the North America Luxury Goods Market.

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

In 2024, the North America Luxury Goods Market size was estimated at USD 102.59 billion. The report covers the North America Luxury Goods Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Luxury Goods Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North America Luxury Goods Industry Report

Statistics for the 2025 North America Luxury Goods market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America 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.