US Personal Luxury Retail Value Soars to $105.2 Billion in 2023, Spurred by Consumer Investments in Designer Wear and Leading Brands like LVMH & Capri Holdings

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Nov 02, 2023, 17:30 ET

DUBLIN, Nov. 2, 2023 /PRNewswire/ -- The "Personal Luxury in the US" report has been added to ResearchAndMarkets.com's offering.

Personal luxury retail value sales grew by 5% in 2023 to reach USD105.2 billion, supported by growth recorded by leading brand providers, such as LVMH Moet Hennessy Louis Vuitton Inc and Capri Holdings Ltd. Sales in 2023 were boosted by consumers investing in luxury goods such as designer apparel and footwear (ready-to-wear) and luxury leather goods as an alternative asset class.

The Personal Luxury in the US report offers a comprehensive guide to the size and shape of the Personal Luxury market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Personal Luxury retailing along with the development of consumers' shopping patterns. Forecasts to 2027 illustrate how the market is set to change

Product coverage: Designer Apparel and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Leather Goods, Luxury Timepieces, Luxury Wearables Electronics, Luxury Writing Instruments and Stationery, Super Premium Beauty and Personal Care.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

The report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volume and value sizes, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent research methodology, conducted in-country

This report answers:

What is the market size of Personal Luxury in USA?
Which are the leading brands in Personal Luxury in USA?
How are products distributed in Personal Luxury in USA?
How important is tourism in evaluating demand for Personal Luxury in USA?
How is the rise of e-commerce changing the retail and competitive landscape?
How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
Where is future growth expected to be most dynamic?

Key Topics Covered:

KEY DATA FINDINGS

2023 DEVELOPMENTS

Personal luxury sees rising current retail value sales in 2023
Designer apparel (ready-to-wear) dominates designer apparel and footwear (ready-to-wear)
Luxury eyewear sees rising value sales in 2023
Retail value sales of luxury jewellery on the up in 2023
Rise in value sales of luxury leather goods in 2023
Luxury wearables electronics sees value sales increase in 2023
Luxury timepieces enjoys value sales increase
Value sales of writing instruments and stationery on the rise in 2023
Rise in value sales of super premium beauty and personal care seen in 2023
LVMH Moet Hennessy Louis Vuitton Inc leads personal luxury in 2022

PROSPECTS AND OPPORTUNITIES

Value sales look likely to increase in 2023 constant terms during the forecast period
Designer apparel and footwear (ready-to-wear) expected to remain biggest subcategory in value terms in 2028
Luxury wearables electronics looks likely to see the fastest percentage growth over forecast period

CATEGORY DATA

Table 1 Sales of Personal Luxury by Category: Value 2018-2023
Table 2 Sales of Personal Luxury by Category: % Value Growth 2018-2023
Table 3 NBO Company Shares of Personal Luxury: % Value 2018-2023
Table 4 LBN Brand Shares of Personal Luxury: % Value 2019-2023
Table 5 Distribution of Personal Luxury by Format: % Value 2018-2023
Table 6 Forecast Sales of Personal Luxury by Category: Value 2023-2028
Table 7 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028

LUXURY GOODS IN THE US

EXECUTIVE SUMMARY

Luxury goods in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for luxury goods?

MARKET DATA

Table 8 Sales of Luxury Goods by Category: Value 2018-2023
Table 9 Sales of Luxury Goods by Category: % Value Growth 2018-2023
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
Table 11 NBO Company Shares of Luxury Goods: % Value 2018-2022
Table 12 LBN Brand Shares of Luxury Goods: % Value 2019-2022
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2023
Table 14 Forecast Sales of Luxury Goods by Category: Value 2023-2028
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028

For more information about this report visit https://www.researchandmarkets.com/r/hr8wcw

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