Market Overview: Luxury—Taking a Back Seat to the Global Pandemic

What's Inside

In this Market Overview, we explore the personal luxury goods market landscape and consider the top 20 companies and top 15 brands in the global market by revenue—including LVMH, The Estée Lauder Companies Inc., Richemont, Hermès International and Burberry Group.

In the context of 2020’s ongoing coronavirus pandemic, we discuss its impact on both supply and demand in the luxury industry, as well as the actions taken by global luxury brands to help combat the coronavirus. We also look back to the luxury sector during the Global Recession of 2007–2009 to offer insights into the potential recovery of the market.

This report also covers the following topics:

• Key developments and trends that marked the luxury sector in 2019
• Luxury e-commerce and its major players, such as Farfetch, Moda Operandi and Secoo
• China’s luxury shoppers and the exposure of selected retailers to Asia Pacific
• The luxury market’s competitor landscape, including LVMH, Kering, Tapestry, Capri Holdings and Prada Group

Also in this series is our Market Overview for apparel, which offers a data-rich analysis of the global clothing market.