AhlulBayt News Agency (ABNA): The economic consequences of the U.S. and Israeli war against Iran have not been limited to the energy, petrochemical, or technology sectors, but due to the interconnectedness of the global economy, they have spread to other sectors as well, including the luxury goods market, which is among the most sensitive sectors to geopolitical developments and wealth-related consumer behavior.
The stock prices of major companies active in this sector have fallen by more than 15 percent since the start of the war, indicating the severe shock inflicted on this market in a short period.
This war has also revealed the growing importance of the Middle East in the global demand equation for luxury goods—a region that, as one of the wealth hubs last year, experienced the fastest global growth at a rate of 6 to 8 percent.
The global luxury goods market is continuously expanding, a growth driven by increasing demand for prestigious brands and the development of digital channels.
According to a report by Mordor Intelligence, the value of this market was approximately $464.1 billion in 2025, and according to Statista data, it is expected to reach $489.37 billion in 2026. The compound annual growth rate of this market between 2026 and 2030 is forecast at approximately 2.69 percent.
The luxury watches and jewelry segment holds the largest share of this market, with its value estimated at approximately $165.48 billion in 2026. Meanwhile, online sales will account for approximately 15.1 percent of the total revenue of this market, indicating the accelerating pace of digital transformation in this industry.
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