Market Share of United States Luxury Goods Industry
The United States luxury goods market is highly competitive with the presence of various domestic and international players competing for a major share in the market. Key companies are focused on business expansion through mergers, acquisitions, and new products launched to sustain the brand image in a highly competitive market. Major players dominating the market include Giorgio Armani S.p.A., Rolex SA, Kering Group, PVH Corp., and The Swatch Group, among others. Further, key players conduct advertisement campaigns and exhibition shows to promote their brands and offerings, as these campaigns allow them to reach out to their targeted customer groups. For instance, Dior and Balenciaga are showcasing their new collections for 2022 at the Fashion Institute of Technology (FIT) Museum in New York City, ongoing until November 6.
USA Luxury Goods Market Leaders
Giorgio Armani S.p.A.
Kering
PVH Corp.
LVMH Moët Hennessy Louis Vuitton
The Swatch Group Ltd
*Disclaimer: Major Players sorted in no particular order
