Revenue in the luxury fashion segment of the luxury goods market Australia 2018-2028

Published by Statista Research Department, Feb 21, 2024

The revenue in the 'Luxury Fashion' segment of the luxury goods market in Australia was forecast to continuously increase between 2024 and 2028 by in total 0.5 billion U.S. dollars (+16.39 percent). After the sixth consecutive increasing year, the indicator is estimated to reach 3.52 billion U.S. dollars and therefore a new peak in 2028.

The Statista Market Insights cover a broad range of additional markets.

Revenue in the luxury fashion segment of the luxury goods market Australia from 2018 to 2028 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

The Luxury Fashion segment includes Luxury Apparel and Footwear. The overall definition of this segment follows the Consumer Market Outlook’s Apparel and Footwear markets, while here only sales of luxury brands are considered, and mass-market products are excluded.

Fashion constitutes the bulk of sales in the global personal luxury goods industry and has a healthy growth outlook over the next five years.

The shown market data are based on an analysis of more than 100 of the biggest luxury companies in the world. A complete list of all companies and brands covered can be found in the methodology description. Accordingly, fashion goods from smaller companies or artisanal production unaffiliated with the companies covered are not included. All data are shown at retail value, which includes markups for retail distribution and sales taxes.

The most notable companies are LVMH (with brands such as Louis Vuitton, Fendi or Loro Piana), Kering (Gucci, Balenciaga, Saint Laurent and other brands), Ralph Lauren and PVH (Calvin Klein, Tommy Hilfiger).

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