The global belts and wallets market size is anticipated to reach USD 39.24 billion by 2030, expanding at a CAGR of 7.6% from 2023 to 2030., The primary drivers of market expansion are the growing working population's desire for belts and wallets, rising consumer purchasing power, and expanding belt and wallet fashion trends.
The COVID-19 pandemic has had a negative effect on the global belt and wallet business. Belt and wallet sales from offline channels have constantly decreased as a result of store closures brought on by lockdown procedures. Due to limitations, government regulations, and lockdown circumstances, which required customers to stay at home to prevent an increase in the transmission of the disease, physical outlets were primarily negatively impacted.
Manufacturers can focus on the profitable market of design innovation to enhance their brand's reputation. In terms of personalization, size, color, and material quality, belts, and wallets provide a wide range of opportunities for product distinction. Design innovation thus presents appealing economic potential. Manufacturers believe that the rising popularity of personalized belts and wallets will present them with further opportunities to increase their market share.
In 2022, the offline distribution channels dominated the market and generated 72.0% of total revenue. A wide selection of goods, appealing promotions, and discounts are just a few of the major tactics these channels utilize to boost sales and foot traffic in any store. Customers also regularly enter a business to physically inspect the products to determine how they were manufactured, how useful they are, and what makes them unique since these physical inspections improve their confidence in making a purchase.
In 2022, Asia Pacific accounted for 44.2% of worldwide revenue and dominated the belt and wallet market. The market is expanding due to the large working population in China and India who use belts and wallets. Also, the growing disposable income in emerging economies and expanding brand recognition of products like belts and wallets offer the sector plenty of room to grow.
The COVID-19 pandemic has had a negative effect on the global belt and wallet business. Belt and wallet sales from offline channels have constantly decreased as a result of store closures brought on by lockdown procedures. Due to limitations, government regulations, and lockdown circumstances, which required customers to stay at home to prevent an increase in the transmission of the disease, physical outlets were primarily negatively impacted.
Manufacturers can focus on the profitable market of design innovation to enhance their brand's reputation. In terms of personalization, size, color, and material quality, belts, and wallets provide a wide range of opportunities for product distinction. Design innovation thus presents appealing economic potential. Manufacturers believe that the rising popularity of personalized belts and wallets will present them with further opportunities to increase their market share.
In 2022, the offline distribution channels dominated the market and generated 72.0% of total revenue. A wide selection of goods, appealing promotions, and discounts are just a few of the major tactics these channels utilize to boost sales and foot traffic in any store. Customers also regularly enter a business to physically inspect the products to determine how they were manufactured, how useful they are, and what makes them unique since these physical inspections improve their confidence in making a purchase.
In 2022, Asia Pacific accounted for 44.2% of worldwide revenue and dominated the belt and wallet market. The market is expanding due to the large working population in China and India who use belts and wallets. Also, the growing disposable income in emerging economies and expanding brand recognition of products like belts and wallets offer the sector plenty of room to grow.
Belts And Wallets Market Report Highlights
- By product, belts led the market and accounted for a 58.1% share of the global revenue in 2022. The rising popularity of belts among the working population further contributed to the market growth.
- By distribution channel, the online segment is expected to witness the fastest growth of 9.2% throughout the forecast period. One of the main factors driving the market is the rising availability of a broad selection of products from various brands, free delivery, and seasonal discounts on e-retailer platforms.
- Asia Pacific is expected to register the fastest CAGR of 8.4% from 2022 to 2030. The growing working population coupled with the rising demand for belts and wallets among women population in India, and China further contributes to the market growth.
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Regional Outlook
Chapter 3. Belts and Wallets Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Belts and Wallets Market: Consumer Behavior Analysis
4.1. Consumer Trends & Preferences
4.2. Factors Influencing Buying Behavior
4.3. Consumer Service Adoption Trends
4.4. Key Observations & Findings
Chapter 5. Belts and Wallets Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Belts
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Wallets
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Belts and Wallets Market: Material Estimates & Trend Analysis
6.1. Material Movement Analysis & Market Share, 2022 & 2030
6.2. Leather
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Non-Leather
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Belts and Wallets Market: End-user Estimates & Trend Analysis
7.1. End-user Movement Analysis & Market Share, 2022 & 2030
7.2. Men
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3. Women
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 8. Belts and Wallets Market: Distribution Channel Estimates & Trend Analysis
8.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
8.2. Online
8.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3. Offline
8.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 9. Belts and Wallets Market: Regional Estimates & Trend Analysis
9.1. Regional Movement Analysis & Market Share, 2022 & 2030
9.2. North America
9.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.2.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.2.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.2.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.2.6. U.S.
9.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.2.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.2.6.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.2.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.3. Europe
9.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.3.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.3.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.3.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.3.6. U.K.
9.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.3.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.3.6.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.3.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.3.7. Germany
9.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.3.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.3.7.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.3.7.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.3.7.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.3.8. France
9.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.3.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.3.8.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.3.8.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.3.8.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.4. Asia Pacific
9.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.4.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.4.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.4.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.4.6. China
9.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.4.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.4.6.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.4.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.4.7. India
9.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.4.7.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.4.7.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.4.7.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.4.8. Japan
9.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.4.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.4.8.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.4.8.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.4.8.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.5. Central & South America
9.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.5.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.5.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.5.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.5.6. Brazil
9.5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.5.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.5.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.5.6.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.5.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.6. Middle East & Africa
9.6.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
9.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million) (Kilotons)
9.6.3. Market estimates and forecast, by ingredient, 2017 - 2030 (USD Million) (Kilotons)
9.6.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
9.6.5. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million) (Kilotons)
9.6.6. South Africa
9.6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.6.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.6.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.6.6.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.6.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 10. Competitive Analysis
10.1. Recent developments & impact analysis, by key market participants
10.2. Company Categorization
10.3. Participant’s Overview
10.4. Financial Performance
10.5. Product Benchmarking
10.6. Company Market Share Analysis, 2022 (%)
10.7. Company Heat Map Analysis
10.8. Strategy Mapping
10.9. List of key companies analyzed in this section include:
10.9.1. Tommy Hilfiger licensing, LLC (PVH)
10.9.2. Aditya Birla Group
10.9.3. PUMA SE
10.9.4. Titan Company
10.9.5. Marshall Wallet (ABC INTERNATIONAL)
10.9.6. LEVI STRAUSS & CO.
10.9.7. Guccio Gucci S.p.A. (KERING)
10.9.8. Burberry PLC
10.9.9. Diesel Fashion India Reliance Pvt.Ltd
10.9.10. Ralph Lauren Corp.
List of Tables
1. Belts and Wallets market - key market driver analysis
2. Belts and Wallets market - key market restraint analysis
3. Global belts market estimates and forecast, 2017 - 2030 (USD Million)
4. Global wallets market estimates and forecast, 2017 - 2030 (USD Million)
5. Global leather belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
6. Global non-leather belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
7. Global men belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
8. Global women belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
9. Global belts and wallets market estimates and forecast through offline distribution channel, 2017 - 2030 (USD Million)
10. Global belts and wallets market estimates and forecast through online channel, 2017 - 2030 (USD Million)
11. North America belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
12. North America belts and wallets market estimates and forecast, by product, 2017 - 2030 (USD Million)
13. North America belts and wallets market estimates and forecast, by material, 2017 - 2030 (USD Million)
14. North America belts and wallets market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
15. North America belts and wallets market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
16. U.S. belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
17. U.S. belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
18. U.S. belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
19. U.S. belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
20. U.S. belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
21. Europe belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
22. Europe belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
23. Europe belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
24. Europe belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
25. Europe belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
26. Germany belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
27. Germany belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
28. Germany belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
29. Germany belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
30. Germany belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
31. U.K. belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
32. U.K. belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
33. U.K. belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
34. U.K. belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
35. U.K. belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
36. France belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
37. France belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
38. France belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
39. France belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
40. France belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
41. Asia Pacific belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
42. Asia Pacific belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
43. Asia Pacific belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
44. Asia Pacific belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
45. Asia Pacific belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
46. China belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
47. China belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
48. China belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
49. China belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
50. China belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
51. Japan belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
52. Japan belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
53. Japan belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
54. Japan belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
55. Japan belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
56. India belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
57. India belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
58. India belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
59. India belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
60. India belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
61. Central & South America belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
62. Central & South America belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
63. Central & South America belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
64. Central & South America belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
65. Central & South America belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
66. Brazil belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
67. Brazil belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
68. Brazil belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
69. Brazil belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
70. Brazil belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
71. Middle East & Africa belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
72. Middle East & Africa belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
73. Middle East & Africa belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
74. Middle East & Africa belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
75. Middle East & Africa belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
76. South Africa belts and wallets market estimates and forecast, 2017 - 2030 (USD Million)
77. South Africa belts and wallets market estimates and forecast by product, 2017 - 2030 (USD Million)
78. South Africa belts and wallets market estimates and forecast by material, 2017 - 2030 (USD Million)
79. South Africa belts and wallets market estimates and forecast by End-user, 2017 - 2030 (USD Million)
80. South Africa belts and wallets market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
81. Vendor landscape
List of Figures
1. Belts and Wallets market snapshot
2. Belts and Wallets market segmentation & scope
3. Belts and Wallets market penetration & growth prospect mapping
4. Belts and Wallets market value chain analysis
5. Belts and Wallets market dynamics
6. Belts and Wallets market porter's analysis
7. Belts and Wallets market: product movement analysis
8. Belts and Wallets market: material movement analysis
9. Belts and Wallets market: End-user movement analysis
10. Belts and Wallets market: distribution channel movement analysis
11. Belts and Wallets market: regional movement analysis
Companies Mentioned
- Tommy Hilfiger licensing, LLC (PVH)
- Aditya Birla Group
- PUMA SE
- Titan Company
- Marshall Wallet (ABC INTERNATIONAL)
- LEVI STRAUSS & CO.
- Guccio Gucci S.p.A. (KERING)
- Burberry PLC
- Diesel Fashion India Reliance Pvt.Ltd
- Ralph Lauren Corp.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 95 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 21.8 Billion |
| Forecasted Market Value ( USD | $ 39.24 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
