Singapore Luxury Apparel Market Size & Outlook, 2025-2033
Singapore Luxury Apparel Market Insights
- Based on Deep Market Insights findings, the Singapore Luxury Apparel Market reached USD 0.78 Billion in 2024 and is estimated to attain USD 1.22 Billion by 2033.
- From 2025 to 2033, the Singapore market is expected to grow at a steady CAGR of 5.17%.
- Within the Product category, Womenswear dominated in 2024 in terms of market size contribution.
- Over the forecast period, Accessories is forecasted to deliver the fastest growth, positioning it as the most lucrative Product segment.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- As of 2024, Singapore held 0.92% of the global Luxury Apparel Market size.
- By 2033, United States is anticipated to capture the largest share of the global Luxury Apparel Market.
- In Asia Pacific, China is expected to lead the regional Luxury Apparel Market size by 2033.
- Korea will remain the fastest-growing market in Asia Pacific, reaching USD 2.39 Billion by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 0.78 Billion |
| Market Size In 2033 | USD 1.22 Billion |
| Largest segment | Womenswear |
| Units | Revenue in USD Billion |
| CAGR | 5.17% (2025-2033) |
| Segmnetation Covered | |
| Product |
|
| Distribution |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Singapore Luxury Apparel Market Product 2025-2033 (USD Billion)
| Product | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Womenswear | XX.x | XX.x | XX.x | 0.28 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Menswear | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Leather Goods | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Footwear | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Accessories | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Singapore Luxury Apparel Market Distribution 2025-2033 (USD Billion)
| Distribution | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exclusive Brand Stores | XX.x | XX.x | XX.x | 0.32 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| E-commerce | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Multi-brand Boutiques | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Department Stores | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.