Asia-Pacific (APAC) Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027

Asia-Pacific (APAC) Luxury Retail Market Size, Trends, Regional and Category Performance, Brands and Forecast to 2027
Summary

This report provides an overview of the APAC Luxury Retailing which includes Analysis, market forecasts, brands and trends in the APAC Luxury Retail Market 2017-2027.

China is expected to continue its dominance in the Asian market for luxury goods, accounting for over 50% share of total sales in 2027, posting a CAGR of 9.3% over 2017-2022. Although sales of luxury goods declined in 2022, China’s reopening after the rollback of COVID-19 related restrictions is expected to revive sales in 2023, led by its affluent youth population who increasingly enjoy indulging in luxury goods. India is set to emerge as the fastest growing market during 2022-2027 with a CAGR of 10.2%, given the rise in its affluence. Many luxury brands have announced plans to expand into India to capitalize on the growth potential.

ScopeChina remains the largest market, while India emerges as the growth engine for Asia’s luxury marketBrands embrace hyperphysical experiences to attract shoppersDigital strategies and local inspirations to improve growth opportunitiesYoung shoppers and high-net-worth individuals are key drivers of sales in the regionReasons to BuyGain a comprehensive knowledge on APAC Luxury retail market and develop a competitive advantageInvestigate current trends in APAC luxury retail market to identify the best opportunities to exploitAnalysis of key luxury retail players operating in APACExplore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the luxury fashion market in APAC region