Breakdown of global luxury new store openings 2023, by region

Compared to the year before, just over 40 percent of luxury store openings in the world was centered in China in 2023. North America and Europe accounted for a combined 35 percent of luxury openings that year. In the Middle East, new luxury stores only contributed three percent of all luxury store openings that took place worldwide.The luxury goods industry is expected to growThe luxury fashion market is expected to grow worldwide in 2024, with the fastest growth estimated to occur in China. At the same time, the value of the personal luxury goods market continues to increase after a small dip during the Covid-19 pandemic in 2020.Luxury goods are popular with consumersIn February of 2023, approximately 60 percent of consumers worldwide planned to purchase luxury goods within the following 12 months. Consumers in the United States and China represented the lion’s share of the personal luxury goods market that same year. Considering the popularity of luxury goods worldwide, and the speed of projected growth in this industry in China, it only makes sense for the Asian giant to lead luxury new store openings in 2023.

相较于前一年，2023年全球奢侈品门店新开张的40%以上集中于中国。当年，北美与欧洲合计占据了35%的奢侈品门店新开张份额。在中东地区，新开设的奢侈品门店仅贡献了全球奢侈品门店新开张总数的3%。预计奢侈品行业将迎来增长。在全球范围内，奢侈品时尚市场预计将在2024年实现增长，其中中国预计将迎来最快增速。与此同时，个人奢侈品市场在2020年新冠疫情期间小幅下跌后，其价值持续增长。奢侈品受到消费者的青睐。2023年2月，全球约60%的消费者计划在未来12个月内购买奢侈品。同年，美国和中国消费者占据了个人奢侈品市场的最大份额。考虑到全球奢侈品的热门程度以及中国奢侈品行业预计的增长速度，亚洲巨人引领2023年奢侈品新门店的开张趋势，实为理所当然。