Premium
Premium statistics

Industry-specific and extensively researched technical data (partially from exclusive partnerships).

A paid subscription is required for full access.

Total sales of the luxury goods market worldwide from 2016 to 2018, by product category
(in billion euros)
Sales of the luxury goods market worldwide 2016-2018, by product category
This statistic shows the total sales of the personal luxury goods market worldwide from 2016 to 2018, broken down by product category. In 2018, the global luxury goods market generated 56 billion euros worth of sales from the perfume and cosmetics category.

Luxury Goods

The global luxury goods industry, which includes drinks, fashion, cosmetics, fragrances, watches, jewelry, luggage and handbags, has been on an upward climb for many years. Although the technical term 'luxury good' is independent of the goods' quality, they are generally considered to be goods at the highest end of the market in terms of quality and price.

Luxury goods manufacturers meet consumer demand by focusing on brand, aesthetics, quality materials, superior craftsmanship and pricing to transform everyday objects into status symbols. The industry rises and falls with the gross domestic product (GDP), seeing demand climb in times of economic stability and plummeting in unfavorable economic climates.

As of 2017, LVMH (Louis Vuitton Moet Hennessy) was the most valuable luxury brand in the world, with a brand value of about 23 billion U.S. dollars.
Total sales of the luxury goods market worldwide from 2016 to 2018, by product category
(in billion euros)
Ready-to-wear apparelPerfume and cosmeticsLeatherWatchesShoesJewelry
-------
-------
-------
Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

February 2019

Region

Worldwide

Survey time period

2016 to 2018

Sales of the luxury goods market worldwide 2016-2018, by product category
This statistic shows the total sales of the personal luxury goods market worldwide from 2016 to 2018, broken down by product category. In 2018, the global luxury goods market generated 56 billion euros worth of sales from the perfume and cosmetics category.

Luxury Goods

The global luxury goods industry, which includes drinks, fashion, cosmetics, fragrances, watches, jewelry, luggage and handbags, has been on an upward climb for many years. Although the technical term 'luxury good' is independent of the goods' quality, they are generally considered to be goods at the highest end of the market in terms of quality and price.

Luxury goods manufacturers meet consumer demand by focusing on brand, aesthetics, quality materials, superior craftsmanship and pricing to transform everyday objects into status symbols. The industry rises and falls with the gross domestic product (GDP), seeing demand climb in times of economic stability and plummeting in unfavorable economic climates.

As of 2017, LVMH (Louis Vuitton Moet Hennessy) was the most valuable luxury brand in the world, with a brand value of about 23 billion U.S. dollars.
Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Statistics on "Luxury goods market in China"
  • General overview
The most important statistics
  • Luxury retail market
  • Luxury brand companies and stores
  • Luxury consumption and consumer perspective
Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.