Luxury goods market in the Asia-Pacific region - statistics & facts
The personal luxury goods market in the Asia-Pacific region (APAC) is the largest in the world, with China and Japan dominating the market. China and Japan alone account for more than half of the luxury goods market value of the region.
Shopping for luxury products is an experience where consumers not only pay a high price for the product itself, but also for the service that accompanies it. However, even the luxury shopping experience has seen a shift in recent years, with e-commerce and online services becoming more prevalent.
