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North and South America Luxury Retailing Market Size, Consumer and Retail Trends, Competitive Landscape and Forecast, 2016-2026

The North and South America luxury retailing market size was valued at $131.2 billion in 2021. The market is expected to grow at a CAGR of more than 4% during the forecast period. The Americas luxury market recovered quickly in 2021 driven by the US and developing Latin American markets. Developing luxury market in the Latin American region will also drive sales in the region. America’s luxury retailers are improving the integration of various channels to increase their customer base and boost sales. Retailers are increasingly adopting omnichannel strategies to target luxury shoppers by providing both an online and offline shopping experience.

The North and South America luxury retail market research report provides an overview of the Americas’ luxury retailing which includes analysis, market forecasts, brands, and trends in the global luxury retail market 2020-2025.

North and South America luxury retail market overview

North and South America luxury retail market overview

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What are the key North and South America luxury retail market drivers?

As stores remain closed in many parts of the world, e-commerce is a crucial channel for keeping sales growing and engaging with customers, but luxury brands offer an elevated in-store experience and customer service. Given the fact that luxury shoppers prefer the look and feel of the products and rely on online platforms for research mainly, retailers should increasingly adopt omnichannel strategies to target luxury shoppers by providing both an online and offline shopping experience.

Which are the key countries in the North and South America luxury retail market?

The key countries in North and South America luxury retail market are the US, Canada, Brazil, Mexico, Chile, Peru, Colombia, and Argentina. The US leads the growth of luxury spending, followed by Canada and Brazil

What are the key categories in North and South America luxury retail market?

The key categories in North and South America luxury retail market are clothing, jewelry, watches & accessories, drinks, personal care, luggage and leather goods, home furniture & homewares, footwear, communications equipment, tobacco, consumer electronics, and stationery and cards. Clothing accounts for the largest share in North and South America luxury retail market followed by jewelry, watches & accessories, and drinks. Luggage and leather goods will be the fastest-growing category in this region.

North and South America luxury retail market, by categories

North and South America luxury retail market, by categories

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Which are the key brands in North and South America luxury retail market?

The key brands in North and South America luxury retail market are LVMH, Kering, Richemont, Coach (Tapestry), Chanel, Capri Holding, Hermes, Swatch, Burberry, and Prada. LVMH has the highest revenue in the market.

North and South America luxury retail market, by brands

North and South America luxury retail market, by brands

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Market Report Scope

Market size (Year – 2021) $131.2 billion
Growth rate CAGR of >4%
Forecast period 2021-2026
Key countries The US, Canada, Brazil, Mexico, Chile, Peru, Colombia, and Argentina
Key categories Clothing, Jewelry, Watches & Accessories, Drinks, Personal Care, Luggage and Leather Goods, Home Furniture & Homewares, Footwear, Communications Equipment, Tobacco, Consumer Electronics, and Stationery and Cards
Key brands LVMH, Kering, Richemont, Coach (Tapestry), Chanel, Capri Holding, Hermes, Swatch, Burberry, and Prada

Reasons to Buy

  • Gain a comprehensive knowledge on Americas Luxury retail market and develop a competitive advantage.
  • Investigate current trends in America’s luxury retail market to identify the best opportunities to exploit.
  • Analysis of key luxury fashion players operating in America.
  • Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the luxury retail market in America.
  • Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior in America.

Key Players

LVMH

Kering

Richemont

Coach(Tapestry)

Chanel

Capri Holding

Hermes

Swatch

Burberry

Prada

Table of Contents

Table of Contents

Executive Summary

Key Trends in the Luxury Retail Market

Americas Market Size & Forecasts 2020 2025

Regional Performance & Forecasts 2021-2026

Category Performance & Forecasts 2021-2026

Competitive Landscape: Top 10 Brands

Competitive Landscape: Brand Profiles

Methodology, Definitions & Contacts

Frequently Asked Questions

The luxury retail market size in North and South America was valued at $131.2 billion in 2021.

The luxury retail market in North and South America is expected to grow at a CAGR of more than 4% during the forecast period.

The key countries in North and South American luxury retail market are the US, Canada, Brazil, Mexico, Chile, Peru, Colombia, and Argentina.

The key categories in North and South American luxury retail market are clothing, jewelry, watches & accessories, drinks, personal care, luggage and leather goods, home furniture & homewares, footwear, communications equipment, tobacco, consumer electronics, and stationery and cards.

The key brands in North and South American luxury retail market are LVMH, Kering, Richemont, Coach (Tapestry), Chanel, Capri Holding, Hermes, Swatch, Burberry, and Prada.

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