Houlihan Lokey – Luxury Goods Market Update, Jun 2025

The main topic of the report is the analysis of the luxury goods market on a global level.

Key findings include: The global luxury goods market grew by 4% from 2019 to 2024 and is expected to exceed €526 billion by 2029. Generation Z could account for nearly a third of luxury purchases by 2030. The primary growth in the industry was driven by price increases rather than volumes. The economic profit of the luxury industry nearly tripled from 2019 to 2024. The US and China remain the largest markets despite recent challenges.