Global Luxury Fashion Market Outlook 2023-2028 with LVMH, Kering, Burberry, Armani Group, and Prada Group Dominating - ResearchAndMarkets.com
APAC accounted for the highest share of the global luxury fashion market and over 31% in revenue in 2022.
- APAC accounted for the highest share of the global luxury fashion market and over 31% in revenue in 2022.
- Moreover, the continuous rising disposable income of the middle-class population supports the region's luxury fashion market.
- Further, luxury fashion retailers are also taking initiatives to make sustainability more visible in the luxury fashion market.
- The global luxury fashion market by generation can be segmented as Gen X, millennials & Gen Z, and baby boomers & silent gen.