Revenue in the Luxury Goods Market is projected to reach US$58.39bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.75%, resulting in a projected market volume of US$92.98bn by 2029.
With a projected market volume of US$18,410.00m in 2024, most revenue is generated in the United States.
In the Luxury Goods Market, the number of users is expected to amount to 1.9bn users by 2029.
User penetration will be 21.9% in 2024 and is expected to hit 25.5% by 2029.
The average revenue per user (ARPU) is expected to amount to US$42.60.
Revenue
REVENUE CHANGE
Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.
MARKET DRIVERS FOR REVENUE CHANGE
Notes: The growth rates shown are based on 2024. The growth rates of the drivers in the market driver chart are calculated using USD values. Using a different currency will not affect their growth rates; however, the data might change due to conversion rates.
AVERAGE REVENUE PER USER BY SGMENT
Sales Channels
ONLINE & OFFLINE SPLIT
MOBILE/DESKTOP SPLIT
Users
USERS BY SEGMENT
PENETRATION RATE BY SEGMENT
Global Comparison
REVENUE COMPARISON
USER PENETRATION COMPARISON
