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Key stat: Worldwide personal luxury sales will grow from $415.45 billion in 2023 to $499.59 billion in 2027, but growth is slowing, according to our forecast.

Beyond the chart:

• The US and China make up the two largest personal luxury markets in the world, and will account for more than half of luxury sales come 2027.
• Ecommerce will account for 20.0% of personal luxury sales this year, according to our forecast. That’s just ahead of overall ecommerce sales, which will make up 19.5% of retail sales.

Use this chart:

• Assess the health of the personal luxury market.

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