The Europe Belts And Wallets Market should witness market growth of 7.1% CAGR during the forecast period (2022-2028).
Businesses are utilizing many leather substitutes, such as leather-like products made from paper, cork, waxed cotton, tree bark, recycled rubber,apple waste, pineapple waste, and mushrooms. Population growth and an increase in the amount of disposable cash available to people are two variables that are boosting demand for belts and wallets. These items' sales are also increasing globally because they are regarded as affordable, comfy, and useful.
As a result of the increased demand from wealthy consumers, major market participants are also offering cutting-edge and fashionable products. In order to provide possibilities for personalization and variety, manufacturers are integrating cutting-edge technology like automated cutting in their production processes. Nonetheless, the use of leather goods across the fashion industry is significantly influenced by the burgeoning ethical and sustainable fashion trends. Introducing bio-based leather, eventually replacing traditional leather items, is another trend-encouraging development.
Europe is a significant market for belts and wallets. Belts are the second most popular product category, behind carrying products. However, wallets are among the largest categories in the carrying products section. Additionally, in this region,the most specialized import markets and the most expensive per unit are in France and Italy. Germany, the United Kingdom, the Netherlands, and Spain are other major European markets for accessories like belts and wallets. Moreover,in the worldwide leather industry, the EU tanning sector is one of the biggest suppliers in the world. The EU supplies some of the most expensive calfskins regarding raw materials and leather. Most tanneries in the regionare small to medium-sized businesses with a high regional concentration.
The Germany market dominated the Europe Belts And Wallets Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,921.3 Million by 2028. The UK market is anticipated to grow at a CAGR of 6.2% during (2022-2028). Additionally, The France market would exhibit a CAGR of 7.9% during (2022-2028).
Based on Material, the market is segmented into Leather and Non-Leather. Based on End-user, the market is segmented into Men and Women. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Belts and Wallets. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PUMA SE (Groupe Artémis S.A.), Levi Strauss and Co., Guccio Gucci S.p. A. (Kering group), Burberry Group PLC, Ralph Lauren Corporation, Tommy Hilfiger Licensing, LLC (PVH Corp.), Aditya Birla Fashion and Retail Limited (Aditya Birla Group), Titan Company (Tata Group), Marshal Wallet (ABC International) and Diesel Fashion India Reliance Pvt. Ltd.
Businesses are utilizing many leather substitutes, such as leather-like products made from paper, cork, waxed cotton, tree bark, recycled rubber,apple waste, pineapple waste, and mushrooms. Population growth and an increase in the amount of disposable cash available to people are two variables that are boosting demand for belts and wallets. These items' sales are also increasing globally because they are regarded as affordable, comfy, and useful.
As a result of the increased demand from wealthy consumers, major market participants are also offering cutting-edge and fashionable products. In order to provide possibilities for personalization and variety, manufacturers are integrating cutting-edge technology like automated cutting in their production processes. Nonetheless, the use of leather goods across the fashion industry is significantly influenced by the burgeoning ethical and sustainable fashion trends. Introducing bio-based leather, eventually replacing traditional leather items, is another trend-encouraging development.
Europe is a significant market for belts and wallets. Belts are the second most popular product category, behind carrying products. However, wallets are among the largest categories in the carrying products section. Additionally, in this region,the most specialized import markets and the most expensive per unit are in France and Italy. Germany, the United Kingdom, the Netherlands, and Spain are other major European markets for accessories like belts and wallets. Moreover,in the worldwide leather industry, the EU tanning sector is one of the biggest suppliers in the world. The EU supplies some of the most expensive calfskins regarding raw materials and leather. Most tanneries in the regionare small to medium-sized businesses with a high regional concentration.
The Germany market dominated the Europe Belts And Wallets Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,921.3 Million by 2028. The UK market is anticipated to grow at a CAGR of 6.2% during (2022-2028). Additionally, The France market would exhibit a CAGR of 7.9% during (2022-2028).
Based on Material, the market is segmented into Leather and Non-Leather. Based on End-user, the market is segmented into Men and Women. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Belts and Wallets. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PUMA SE (Groupe Artémis S.A.), Levi Strauss and Co., Guccio Gucci S.p. A. (Kering group), Burberry Group PLC, Ralph Lauren Corporation, Tommy Hilfiger Licensing, LLC (PVH Corp.), Aditya Birla Fashion and Retail Limited (Aditya Birla Group), Titan Company (Tata Group), Marshal Wallet (ABC International) and Diesel Fashion India Reliance Pvt. Ltd.
Scope of the Study
By Material
- Leather
- Non-Leather
By End-user
- Men
- Women
By Distribution Channel
- Offline
- Online
By Product
- Belts
- Wallets
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- PUMA SE (Groupe Artémis S.A.)
- Levi Strauss and Co.
- Guccio Gucci S.p. A. (Kering group)
- Burberry Group PLC
- Ralph Lauren Corporation
- Tommy Hilfiger Licensing, LLC (PVH Corp.)
- Aditya Birla Fashion and Retail Limited (Aditya Birla Group)
- Titan Company (Tata Group)
- Marshal Wallet (ABC International)
- Diesel Fashion India Reliance Pvt. Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Europe Belts And Wallets Market by Material
Chapter 4. Europe Belts And Wallets Market by End-user
Chapter 5. Europe Belts And Wallets Market by Distribution Channel
Chapter 6. Europe Belts And Wallets Market by Product
Chapter 7. Europe Belts And Wallets Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- PUMA SE (Groupe Artémis S.A.)
- Levi Strauss and Co.
- Guccio Gucci S.p.A.(Kering group)
- Burberry Group PLC
- Ralph Lauren Corporation
- Tommy Hilfiger Licensing, LLC (PVH Corp.)
- Aditya Birla Fashion and Retail Limited (Aditya Birla Group)
- Titan Company (Tata Group)
- Marshal Wallet (ABC International)
- Diesel Fashion India Reliance Pvt. Ltd.
Methodology
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