Global personal luxury goods industry - statistics & facts
Personal luxury goods are the second-largest segment of the luxury industry after luxury cars. Encompassing luxury apparel, accessories, watches, jewelry, and eyewear, the revenue of the personal luxury goods market has increased at a steady pace over the past decade, apart from the hiccup caused by the coronavirus (COVID-19) pandemic. The United States is projected to be the market leader in personal luxury goods with a revenue of about 97 billion U.S. dollars in 2026, followed by China. By 2030, both the United States and China are expected to retain their position as the leading countries where the personal luxury goods market generates the highest revenue worldwide.
Market leaders and product categories
Within the personal luxury goods industry, fashion and apparel products account for the second largest revenue share. By 2030, the luxury fashion segment, which includes apparel and footwear, is projected to yield over 148 billion U.S. dollars in revenue. That said, for the behemoths of the personal luxury goods industry, diverse luxury products beyond apparel drive sales. While for LVMH, fashion and leather goods have the largest revenue share, for Richemont, jewelry sales make up the majority of the company’s annual revenue, for instance. Similarly, sales from leather goods contributed to almost half of the Kering Group’s most recently reported revenue. Some of the brands under the Kering Group banner include Gucci, Bottega Veneta, Balenciaga, and Saint Laurent.
Luxury sales channels: online and secondhand on the rise
Traditionally, personalization, clienteling, and in-store retail experience have been some of the key elements that differentiate luxury from mainstream retail. While this still holds true as physical channels constitute the largest share of the market value, alternative sales channels and business models for luxury are taking off. In 2025, the value of the online personal luxury goods market was estimated to be worth 76.2 billion euros. Prompted by the need to adopt more sustainable production and consumption measures in recent years, resale has also emerged as a profitable and viable option for luxury, although ownership and authenticity play a vital role for luxury consumers. In a survey in 2026, over a third of consumers across North America, Europe, and Asia regions said they thought buying secondhand luxury goods was environmentally friendly and sustainable.
