Personal luxury sales look set to rise at a CAGR of 3% in current value terms (1% constant value CAGR) over the forecast period to reach USD124.4 billion.
Designer apparel and footwear (ready-to-wear) will continue to be the largest subcategory, with sales worth USD39.9 billion in 2028 and rising at a CAGR of 2% in current value terms (0.
Luxury wearables electronics will be the most dynamic subcategory over 2023-2028, with sales rising at a current value CAGR of 10% (8% 2023 constant value CAGR). US consumers are becoming more involved in exercise and wellness activities, such as running, cycling and spa visits, and more people are therefore likely to be interested in purchasing a smartwatch, including luxury products.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Personal Luxury industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Personal Luxury
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.
See All of Our DefinitionsThis report originates from Passport, our Personal Luxury research and analysis database.
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