Women walk past a shop selling luxury shoes and bags at a shopping mall in Jakarta.

There are many brands that are famous all across the world, but only a few dominate the market.

Let’s take a look at 10 brands that rule the luxury sector.

Source: Business Insider

A woman walks by a Louis Vuitton luxury boutique at the IFC Mall in Shanghai.

Louis Vuitton

Brand value: $25.9 billion

Increase in brand value: 7 per cent

Global rank: 1

A saleswoman arranges scarves inside a Hermes showroom in Mumbai.

Hermes

Brand value: $19.2 billion

Increase in brand value: 61 per cent

Global rank: 2

Women walk past a window display of luxury goods maker Rolex in Paris' Place Vendome.

Rolex

Brand value: $7.2 billion

Increase in brand value: 36 per cent

Global rank: 3

A crane removes a huge advertisement for Chanel No. 5 perfume installed on the facade of the Musee d'Orsay in Paris.

Chanel

Brand value: $6.7 billion

Decline in brand value: 2 per cent

Global rank: 4

Shoppers wait for the opening of Gucci shop in downtown Rome.

Gucci

Brand value: $6.4 billion

Decline in brand value: 14 per cent

Global rank: 5

Man walks past billboard for Prada in Beijing.

Prada

Brand value: $5.8 billion

Increase in brand value: N/A

Global rank: 6

People look at a window display of luxury goods maker Cartier in Paris' Place Vendome.

Cartier

Brand value: $4.8 billion

Decline in brand value: 9 per cent

Global rank: 7

A customer looks at bottles of Hennessy X.O at the Hennessy factory in Cognac, southwestern France.

Hennessy

Brand value: $4.6 billion

Decline in brand value: 8 per cent

Global rank: 8

Bottles of champagne are stacked in the Maison Moet et Chandon underground galleries in Epernay, France.

Moet and Chandon

Brand value: $4.2 billion

Decline in brand value: 8 per cent

Global rank: 9

A Burberry shop in London.

Burberry

Brand value: $4 billion

Increase in brand value: 21 per cent

Global rank: 10