The forecast indicates a significant increase in revenue across all segments of the online luxury goods market in the United States from 2024 to 2029. Particularly noteworthy is the segment luxury fashion, which is forecast to have the highest value of 11.7 billion U.S. dollars in 2029.
Revenue in the luxury goods market in the United States from 2017 to 2029, by segment
(in million U.S. dollars)
Data provided by Statista Market Insights are estimates.
Definition:
eCommerce Luxury Goods refers to the online sales of high-end and premium products, such as designer clothing, accessories, jewelry, and watches. This market focuses on the digital distribution of luxury items through various online platforms, including dedicated luxury brand websites, multi-brand retail websites, and online marketplaces. The eCommerce Luxury Goods market allows consumers to conveniently browse and purchase luxury products from the comfort of their own homes, offering a wide selection of prestigious brands and exclusive collections.
Structure:
The market consists out of several parts, namely: Luxury Eyewear, Luxury Fashion, Luxury Leather Goods, Luxury Watches & Jewelry, Prestige Cosmetics & Fragrances. For more information on the definitions, please visit the respective market page.
Additional information:
eCommerce Luxury Goods comprises revenues, users, average revenue per user, and penetration rates. Revenues are derived from annual filings, national statistical offices, Google- and Alibaba-Trends, and industry knowledge. Sales Channels show online and offline revenue shares, as well as desktop and mobile sales distribution. Revenues are including VAT. The market only displays B2C revenues and users for the above-mentioned markets, hence C2C, B2B, and reCommerce are not included. Additional definitions can be found on each respective market page.
Key players in the market are companies, such as LVMH Moët Hennessy Louis Vuitton SE, Richemont SA, and Prada Group.
Market numbers for the total market sizes (online + offline) can also be found on the respective pages of the Consumer Market Insights.
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Statista. (October 8, 2024). Revenue in the luxury goods market in the United States from 2017 to 2029, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1497659/us-iuxury-goods-market-revenue-by-segment
Statista. "Revenue in the luxury goods market in the United States from 2017 to 2029, by segment (in million U.S. dollars)." Chart. October 8, 2024. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1497659/us-iuxury-goods-market-revenue-by-segment
Statista. (2024). Revenue in the luxury goods market in the United States from 2017 to 2029, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1497659/us-iuxury-goods-market-revenue-by-segment
Statista. "Revenue in The Luxury Goods Market in The United States from 2017 to 2029, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 8 Oct 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1497659/us-iuxury-goods-market-revenue-by-segment
Statista, Revenue in the luxury goods market in the United States from 2017 to 2029, by segment (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1497659/us-iuxury-goods-market-revenue-by-segment (last visited November 13, 2024)
Revenue in the luxury goods market in the United States from 2017 to 2029, by segment (in million U.S. dollars) [Graph], Statista, October 8, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1497659/us-iuxury-goods-market-revenue-by-segment