These Countries Have the Highest Online Sales in the Luxury Good Market

Brand origin is a cornerstone in the luxury business, with companies using it to craft narratives of heritage, quality, and prestige. European countries like Italy and France have been important pillars of global luxury historically; many brands originating in the region have achieved legendary status.

Meanwhile, relatively newer markets like the U.S. and China have also produced companies that have since become trendsetters in the luxury industry. Modernity and creativity are also central to their identity, which they use to inspire connections with fresh waves of affluent buyers.

Which country is home to the largest share of luxury companies, and which country stands top in terms of eCommerce sales? Our data confirms: the answer to the two questions is not the same.

What is Luxury Market?

The global market for personal luxury goods includes high-end fashion, accessories, jewelry, watches, cosmetics, and fragrances. These items are characterized by exceptional quality, craftsmanship, and exclusivity.

The market is driven by renowned brands that epitomize luxury, such as Louis Vuitton, Gucci, and Chanel. It caters to affluent consumers seeking prestige and superior products, with sales occurring through both traditional brick-and-mortar stores and increasingly through online channels.

The market is also influenced by cultural heritage, innovation, and brand positioning, making it a dynamic and multifaceted sector in the global economy.

Top Online Luxury Markets: France Dominates, Trailed by the U.S.

Sales data by country suggests leading companies in luxury are strategizing to accelerate eCommerce sales.

1. France

Although France is not home to the highest number of luxury companies – it only ranks fourth on the list – it claims the largest share of total online sales in luxury. Its performance surpasses countries on the second and third position, namely the U.S. and Switzerland, by a mile.

At 37%, France claims the biggest portion of total luxury eCommerce sales, even though only 9% of luxury companies are based there. The country's sales performance is strong as it is home to the top luxury conglomerates, including LVMH and Kering. Fiercely competitive, these companies have built impressive portfolios of some of the most recognizable brands with a global footprint in luxury. LVMH, for example, owns Louis Vuitton, Dior, and Givenchy.

2. United States

At 24%, the United States is the second largest country for luxury eCommerce sales. Although 17% of luxury companies are U.S.-based, their offerings tend to be at the more accessible end of the luxury spectrum to attract aspirational luxury buyers.

3. Switzerland

Switzerland is the third most represented country with 10% online sales share. In terms of company numbers, 8% of luxury giants are Swiss origin. This includes Richemont, with its many subsidiary luxury brands, and the Swatch Group, which leads the world-renowned Swiss watch industry.

Several Swiss-based brands have above-average levels of exclusivity and pricing, which may contribute to their high sales volumes. However, since Watches as a category is still predominantly sold through offline retail networks, the reported online sales remains smaller.

4. Italy

On the other hand, Italy generates 5% of the total online sales despite being country of origin for the highest number of luxury companies (23%). However, many of these luxury houses are comparatively small and independently owned.

The same trend can be seen in other countries such as Germany and India.

Global Luxury Market: 23% Companies Originate in Italy, Followed by the U.S. at 17%

Of the luxury companies included in our report, more than half are based in Italy, the U.S., or Greater China. This includes some of the top luxury companies that have strengthened their positions across multiple markets over time.

From a regional perspective, Europe retains its place as the capital of global luxury. It boasts good manufacturing capabilities and the availability of skilled artisans that appeal to luxury companies worldwide. Heritage stories that speak of prestige and timelessness also lend credibility to luxury houses that originate in Europe.