United States Luxury Goods Market Size, Share, By Type (Watches & Jewellery, Perfumes & Cosmetics, Clothing, Bags, And Others), By Distribution Channel (Offline And Online), And United States Luxury Goods Market Insights, Industry Trend, Forecasts to 2035.

United States Luxury Goods Market Insights Forecasts to 2035

• United States Luxury Goods Market Size 2024: USD 64.3 Bn
• United States Luxury Goods Market Size 2035:  USD 115.9 Bn
• United States Luxury Goods Market CAGR 2024: 5.5%
• United States Luxury Goods Market Segments: Type and Distribution Channel

The United States Luxury Goods Market consists of all aspects of producing, distributing and consuming the premium level products that represent an exclusive offer from a high-quality manufacturer with prestige associated with its brand name. Luxury goods include designer clothing, luxurious accessories, high-priced luxury watches, premium beauty products and fragrances, and other elements related to lifestyle and experience.

The luxury goods in US are backed by government support, including the federal trade and customs regulations significantly influence the industry by affecting imported luxury products, tariffs, and international supply chains. As one of the world’s leading luxury markets, the U.S. consistently generates a substantial share of global luxury goods revenue, outpacing most other regions and reflecting high levels of consumer spending power and affluence, with luxury online sales projected to account for over 20% of total revenue by mid-decade, indicating strong digital engagement alongside traditional retail channels.

As technology advances, US luxury goods providers are now using technologies, such as artificial intelligence and big data analytics that provide customers with the opportunity to personalise their shopping experience based on their individual preferences. Luxury retailers maintain higher degrees of exclusivity by using innovative tools like virtual fitting rooms and new blockchain-based methods of verifying product authenticity, while also appealing to younger consumers that are more inclined to shop digitally.

Market Dynamics of the United States Luxury Goods Market:

The United States luxury goods market is driven by the rising disposable incomes and wealth accumulation, influence of millennial and Gen Z consumers for premium experiences, strong brand equity, celebrity and influencer endorsements, and the integration of luxury into digital and social commerce channels fuel sustained demand for premium products across multiple luxury categories.

The United States luxury goods market is restrained by the challenge of counterfeit products, complicating brand protection efforts, economic uncertainty, geopolitical tensions, and price sensitivity constrain consumer confidence.

The future of United States luxury goods market is bright and promising, with versatile opportunities emerging from the continuing advancements in the digital innovation, sustainable luxury offerings through personalization and experience-driven products. The development of e-commerce and re-sale channels allows for further opportunities to target those who want a value-added product. Partnerships with certain technology and lifestyle brands can increase the level of appeal these consumers have to the product. Young affluent consumers are also available as new markets for products in today's economy.

Market Segmentation

The United States Luxury Goods Market share is classified into type and distribution channel.

By Type:

The United States luxury goods market is divided by type into watches & jewellery, perfumes & cosmetics, clothing, bags, and others. Among these, the watches & jewellery segment held the largest revenue market share in 2024 and is predicted to grow at a remarkable CAGR during the forecast period. Intrinsic value, tangible craftsmanship, status symbolism, established brands, high demand and collector appeal, and influence of social media with variety of options all contribute to the watches & jewellery segment's largest share and higher spending on luxury goods when compared to other type.

By Distribution Channel:

The United States luxury goods market is divided by distribution channel into offline and online. Among these, the offline segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The offline segment dominates because of immersive experience for shopping, bespoke services from knowledgeable staff, physical appearance build trust for product, and exclusive stores offering a sense of prestige and rarity.

Competitive Analysis:

The report offers the appropriate analysis of the key organisations/companies involved within the United States luxury goods market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Top Key Companies in United States Luxury Goods Market:

• LVMH Moet Hennessy Louis Vuitton SE
• Kering SA
• Rinchemont SA
• Hermes International SA
• Chanel Limited
• Prada S.p.A.
• Tapestry, Inc.
• Capri Holdings Ltd.
• Burberry Group plc
• Estee Lauder Companies Inc.
• The Swatch Group Ltd.
• Rolex SA
• Patek Philippe SA
• Tiffany & Co.
• Ralph Lauren Corporation
• Others

Recent Developments in United States Luxury Goods Market:

In October 2025, Tiffany & Co. the jeweller launched the final chapters of its Blue Book 2025-Sea of Wonder high jewelry collection in New York and Milan, featuring unique cutting techniques and rare gemstones.

In February 2025, Tacori, the jewellery brand launched a branded luxury shop-in-shop concept across 15 authorized retail partner locations to create a more immersive, exclusive retail experience.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the United States, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United States luxury goods market based on the below-mentioned segments:

United States Luxury Goods Market, By Type

• Watches & Jewellery
• Perfumes & Cosmetics
• Clothing
• Bags
• Others

United States Luxury Goods Market, By Distribution Channel

• Offline
• Online