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Coresight Bites: Global Luxury Market—How Will Regional Composition Change in the Next Three Years?

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  • Currently, the US and China hold the largest single-market shares of worldwide luxury sales, with 25% and 20%, respectively.
  • While the US has historically been the single largest market for luxury, China looks poised to usurp its top position by 2025, by which time we estimate its market share will total 25%. Meanwhile, the US will see its share decrease to 23%.

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Watch the video that accompanies this Market OutlookSwarooprani Muralidhar, Senior Analyst at Coresight Research and the writer of this report, talks about our new research on the global luxury goods market. Click here to access the short video.