Luxury Goods in China

July 2026 | 48 pages | ID: L8C89C77CEEEN
MarketLine

Abstracts

Summary

Luxury Goods in China industry profile provides top-line qualitative and quantitative

Summary

information including: market share, market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The luxury goods market deals with high-end and premium products, which are not considered essential or necessary for daily living but are rather associated with indulgence and exclusivity. Our market value includes retail sales. Market value does not include non-product sales such as services.
• The Chinese luxury goods market recorded a value of $67,732.7 million in 2025, representing a compound annual growth rate (CAGR) of 1.0% between 2020 and 2025.
• The apparel, footwear & accessories segment accounted for the market's largest proportion in 2025, with a total value of $48,055.3 million, equivalent to 70.9% of the market's overall value.
• The Chinese market’s slow growth during 2020-25 was driven by market contractions in 2024 and 2025. In 2024, this contraction was caused by lower demand and a shift in consumer behavior toward shopping for luxury goods at overseas locations. For instance, according to Haikou Customs data, Hainan province saw a 29.3% annual slump in duty-free spending in 2024 over 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the luxury goods market in China
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the luxury goods market in China
• Leading company profiles reveal details of key luxury goods market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the China luxury goods market with five year forecasts

Reasons to Buy

• What was the size of the China luxury goods market by value in 2025?
• What will be the size of the China luxury goods market in 2030?
• What factors are affecting the strength of competition in the China luxury goods market?
• How has the market performed over the last five years?
• Who are the top competitors in China's luxury goods market?

Contents

1 EXECUTIVE SUMMARY

1.1. Market Value
1.2. Market Value Forecast
1.3. Category Segmentation
1.4. Geography Segmentation
1.5. Market Rivalry
1.6. Competitive Landscape

2 MARKET OVERVIEW

2.1. Market Definition
2.2. Market Analysis
2.3. Market Trends
2.4. Regulatory Landscape

3 MARKET DATA

3.1. Market Value

4 MARKET SEGMENTATION

4.1. Category Segmentation
4.2. Geography Segmentation

5 MARKET OUTLOOK

5.1. Market Value Forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer Power
6.3. Supplier Power
6.4. New Entrants
6.5. Threat Of Substitutes
6.6. Degree Of Rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading player?
7.4. What have been the recent market developments?

8 COMPANY PROFILES

8.1. LVMH Moet Hennessy Louis Vuitton SE
8.2. Chow Tai Fook Jewellery Group Ltd
8.3. Kering SA
8.4. Compagnie Financiere Richemont SA

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry Associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: China luxury goods market value: $ million, 2020-25
Table 2: China luxury goods market category segmentation: % share, by value, 2020-25
Table 3: China luxury goods market category segmentation: $ million, 2020-25
Table 4: China luxury goods market geography segmentation: $ million, 2025
Table 5: China luxury goods market value forecast: $ million, 2025-30
Table 6: LVMH Moet Hennessy Louis Vuitton SE: Key Facts
Table 7: LVMH Moet Hennessy Louis Vuitton SE: Annual Financial Ratios
Table 8: LVMH Moet Hennessy Louis Vuitton SE: Key Employees
Table 9: LVMH Moet Hennessy Louis Vuitton SE: Key Employees Continued
Table 10: Chow Tai Fook Jewellery Group Ltd: Key Facts
Table 11: Chow Tai Fook Jewellery Group Ltd: Annual Financial Ratios
Table 12: Chow Tai Fook Jewellery Group Ltd: Key Employees
Table 13: Kering SA: Key Facts
Table 14: Kering SA: Annual Financial Ratios
Table 15: Kering SA: Key Employees
Table 16: Kering SA: Key Employees Continued
Table 17: Compagnie Financiere Richemont SA: Key Facts
Table 18: Compagnie Financiere Richemont SA: Annual Financial Ratios
Table 19: Compagnie Financiere Richemont SA: Key Employees
Table 20: China Size of Population (Million), 2021-25
Table 21: China Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 22: China GDP (Current Prices, $ Billion), 2021-25
Table 23: China Inflation, 2021-25
Table 24: China Consumer Price Index (Absolute), 2021-25
Table 25: China Exchange Rate, 2020-25

List Of Figures

LIST OF FIGURES

Figure 1: China luxury goods market value: $ million, 2020-25
Figure 2: China luxury goods market category segmentation: $ million, 2020-25
Figure 3: China luxury goods market geography segmentation: % share, by value, 2025
Figure 4: China luxury goods market value forecast: $ million, 2025-30
Figure 5: Forces driving competition in the luxury goods market in China, 2025
Figure 6: Drivers of buyer power in the luxury goods market in China, 2025
Figure 7: Drivers of supplier power in the luxury goods market in China, 2025
Figure 8: Factors influencing the likelihood of new entrants in the luxury goods market in China, 2025
Figure 9: Factors influencing the threat of substitutes in the luxury goods market in China, 2025
Figure 10: Drivers of degree of rivalry in the luxury goods market in China, 2025