The Europe luxury goods market was valued at USD 117.69 Billion in 2025. The industry is expected to grow at a CAGR of 3.80% during the forecast period of 2026-2035 to attain a valuation of USD 170.89 Billion by 2035.
Base Year
Historical Period
Forecast Period
As per the World Bank, income share held by the highest 10% in France, Italy and the UK in 2022 was 24.9%, 26.2% and 25% respectively.
As per the Federal Statistical Office, in Germany, approximately 27,400 taxpayers had an income of one million euros or more.
As per the Office for National Statistics, in 2020, average annual gross income for all individuals in the top percentile was GBP 655,553 in UK.
Compound Annual Growth Rate
3.8%
Value in USD Billion
2026-2035
*this image is indicative*
The Europe luxury goods market growth is boosted by the different distribution channels that are available in the form of luxury malls and boutiques as offline channels.
Offline distribution channels carry opulence, affluence and the idea of being exclusive, these comprise boutique stores along prestigious streets, department stores that showcase a diverse range of high-end products, and luxury malls that offer curated selections. These offline avenues evoke a sense of tradition and heritage and appeal to consumers seeking sophistication in their shopping experiences.
Brands in the luxury goods market are constantly competing for market share owing to a steady rise in industry activity owing to many mergers and acquisitions. In August 2023 two major luxury goods brands Coach and Versace merged. In January 2021 LVMH completed the acquisition of Tiffany & Co. for USD 16.2 billion.
On the other hand, online distribution channels act as dynamic platforms reshaping the Europe luxury goods market. Luxury brands offer convenience and global access to their products via brand websites, marketplaces, and social media platforms, engaging with consumers in new and innovative ways. The digital sphere also provides opportunities for customer engagement, reflecting the evolving preferences and behaviours of luxury shoppers.
Europe Luxury Goods Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Region
Watches and jewellery lead the luxury goods market in Europe, they are the quintessential luxury items that hold aesthetic, symbolic and sentimental value representing premium craftsmanship, prestige and luxury. High-end watch brands like Rolex and Audemars Piguet are highly coveted investment-worthy accessories with high resale value and are often associated with tradition and heritage.
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.
Growing outreach by major market players is largely due to the rise in digitalization and e-commerce with more consumers turning to online channels. Personalization and customization also drive customer loyalty and engagement in the industry.
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The market was valued at USD 117.69 Billion in 2025.
The market is projected to grow at a CAGR of 3.80% between 2026 and 2035.
The revenue generated from the luxury goods market is expected to reach USD 170.89 Billion in 2035.
The luxury goods market is categorised according to product type, which includes watches and jewellery, perfumes and cosmetics, clothing, bags/purse and others.
The luxury goods market key players are Chanel Limited, Kering SA, Rolex SA, Hermès International S.A., Giorgio Armani S.p.A., Ralph Lauren Corporation, Compagnie Financière Richemont SA, Prada SpA, VALENTINO S.p.A., and Tiffany & Co. among others.
Based on the end use, the market is divided into offline and online modes of distribution.
The market is broken down into Germany, the United Kingdom, France, and Italy among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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