China Luxury Goods Market Size & Outlook, 2025-2033
China Luxury Goods Market Insights
- Deep Market Insights analysis indicates that the China Luxury Goods Market size, valued at USD 40.77 Billion in 2024, is expected to expand to USD 78.28 Billion by 2033.
- The China market is forecasted to expand at a CAGR of 7.39% spanning 2025–2033.
- Leather Goods held the leading position among Category segments in 2024, based on market size.
- Leather Goods is projected to post the fastest growth rate, sustaining its position as the most attractive Category segment during the forecast horizon.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- In 2024, China accounted for 9.76% of the global Luxury Goods Market size.
- By 2033, United States is expected to lead the global Luxury Goods Market in terms of market size.
- Within Asia Pacific, China is projected to dominate the regional Luxury Goods Market size by 2033.
- India is identified as the fastest-growing market in Asia Pacific, anticipated to reach USD 36.46 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 40.77 Billion |
| Market Size In 2033 | USD 78.28 Billion |
| Largest segment | Leather Goods |
| Units | Revenue in USD Billion |
| CAGR | 7.39% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmnetation Covered
| Segments | Sub Segments |
|---|---|
| Category |
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| Channels |
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China Luxury Goods Market Category 2025-2033
Source: DMI Analysis Company Publications, Primary Interviews.
China Luxury Goods Market Channels 2025-2033
Source: DMI Analysis Company Publications, Primary Interviews.