The Asia Pacific luxury goods market size reached USD 110.04 Billion in 2025. The market is expected to grow at a CAGR of 3.32% between 2026 and 2035, reaching USD 152.54 Billion by 2035.
Base Year
Historical Period
Forecast Period
The IMF predicted the growth of the Asia-Pacific region at 4.2% in 2024, with India, China, and Japan emerging as significant contributors.
According to the World Bank, the GDP per capita of East Asia and Pacific was about 12,930 dollars as of 2022.
Data from the World Bank indicated the top 20% in India hold about 41% of the country's total wealth in 2021.
Compound Annual Growth Rate
3.32%
Value in USD Billion
2026-2035
*this image is indicative*
Women are among the largest consumer of luxury goods, seeking elegance, refinement, and a timeless appeal. Fashion items such as bags, leather goods, shoes and clothes are the most commonly owned luxury brand items preferred by the women.
Rising fashion industry across Asia pacific, the luxurious brands are continuously innovating product categories to capture the largest market shares. For instance, in April 2024, Rolex launched its deep-sea edition, presented in 18 CT yellow gold for the first time. This new version of the Oyster Perpetual Rolex Deepsea incorporates technical superiority by providing a compression ring generated from ceramic and waterproofing to a depth of 3,900 metres.
Men are often drawn to luxury watches, cars, tailored suits, and designer accessories as symbols of personal success and growing sense of fashionism. Men favour "Luxury mechanical sports watches with high cost performance" certain typical brands like "OMEGA" and "ROLEX" are the most well-known brands for luxury among men.
Asia Pacific Luxury Goods Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Region
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers and acquisitions, investments, and capacity expansion.
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The market was valued at USD 110.04 Billion in 2025.
The market is projected to grow at a CAGR of 3.32% between 2026 and 2035.
The revenue generated from the luxury goods market is expected to reach USD 152.54 Billion in 2035.
The luxury goods market is categorised according to distribution type, which includes online and offline sales channels.
The key players in the market are Chanel Limited Kering SA, Rolex SA, Giorgio Armani S.p.A., Ralph Lauren Corporation, Compagnie Financière Richemont SA, Prada S.p.A, VALENTINO S.p.A., Tiffany & Co., and Estée Lauder Inc., among others.
Based on the end use, the market is divided into male and female luxury goods.
The luxury goods market is categorised based on product type, which includes watches and jewellery, perfumes and cosmetics, clothing, and bags/purses, among others.
The market is broken down into China, Japan, India, ASEAN, Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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