Luxury Goods - Australia

  • Australia
  • The Luxury Goods market in Australia is projected to generate a revenue of €6.72bn in 2024.
  • This market is expected to experience an annual growth rate of 3.60% (CAGR 2024-2028).
  • Among the various segments within the market, Luxury Fashion holds the largest share, with a market volume of €2.79bn in 2024.
  • When compared globally, in the United States leads in revenue generation, reaching €70,640m in 2024.
  • On a per capita basis, the revenue generated in Australia amounts to €251.70 per person in 2024.
  • Furthermore, online sales are anticipated to contribute 8.1% of the total revenue in the Luxury Goods market by 2024.
  • Australia's luxury goods market is thriving, with a growing demand for high-end fashion, accessories, and luxury travel experiences.

Key regions: United States, Russia, India, Singapore, United Kingdom

 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

Analyst Opinion

When marketing luxury, exclusivity constitutes the conceptual key element. This exclusivity is maintained mainly by a high price point but also by consciously limiting sales volumes and outlets. 2018 was a good year for luxury goods companies, continuing the rebound of the global luxury goods industry which started in 2017 after two relatively sluggish years. Key trends shaping the industry are a continued emphasis on manufacturer-owned retail, a more pronounced shift of sales from the established core markets in Central & Western Europe, North America, and Japan to Greater China and other emerging markets, as well as the increasing role of a fast-growing eCommerce channel.

Methodology

The Luxury Goods market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Goods industry.

Vue d’ensemble

  • Revenue
  • Analyst Opinion
  • Sales Channels
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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