Fashion Accessory Trends and Forecast
The future of the global fashion accessory market looks promising with opportunities in the footwear, apparel, wallet, handbag, and watch markets. The global fashion accessory market is expected to grow with a CAGR of 11.4% from 2024 to 2030. The major drivers for this market are growing consumer demand for sustainable and eco-friendly accessories, increase in disposable money and changing styles in fashion, along with the number of online retail platforms is increasing along with the prevalence of the internet.Fashion Accessory by Segment
The study includes a forecast for the global fashion accessory by product type, end use, and region.Fashion Accessory Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Footwear
- Apparel
- Wallets
- Handbags
- Watches
- Others
Fashion Accessory Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Men
- Women
- Kids/Children
- Unisex
Fashion Accessory Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Fashion Accessory Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fashion accessory companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.Some of the fashion accessory companies profiled in this report include:
- Giorgio Armani
- LVMH Moet Hennessy Louis Vuitton
- Dolce & Gabbana
- Kering Group
- Tapestry
- Fossil Group
- Industria de Diseno Textile
- Prada
- Chanel
- Luxottica Group
Fashion Accessory Market Insights
The publisher forecasts that women is expected to witness the highest growth over the forecast period.Within this market, apparel is expected to witness the highest growth over the forecast period.
APAC is expected to witness the highest growth over the forecast period due to increasing attraction for the luxury lifestyle, high purchasing power, and the influence of celebrity endorsement.
Features of the Global Fashion Accessory Market
- Market Size Estimates: Fashion accessory market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Fashion accessory market size by product type, end use, and region in terms of value ($B).
- Regional Analysis: Fashion accessory market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product type, end use, and regions for the fashion accessory market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fashion accessory market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for fashion accessory market?Answer: The global fashion accessory market is expected to grow with a CAGR of 11.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the fashion accessory market?
Answer: The major drivers for this market are growing consumer demand for sustainable and eco-friendly accessories, increase in disposable money and changing styles in fashion, along with the number of online retail platforms is increasing along with the prevalence of the internet.
Q3. What are the major segments for fashion accessory market?
Answer: The future of the global fashion accessory market looks promising with opportunities in the footwear, apparel, wallet, handbag, and watch markets.
Q4. Who are the key fashion accessory market companies?
Answer: Some of the key fashion accessory companies are as follows:
- Giorgio Armani
- LVMH Moet Hennessy Louis Vuitton
- Dolce & Gabbana
- Kering Group
- Tapestry
- Fossil Group
- Industria de Diseno Textile
- Prada
- Chanel
- Luxottica Group
Answer: The publisher forecasts that women is expected to witness the highest growth over the forecast period.
Q6. In fashion accessory market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period due to increasing attraction for the luxury lifestyle, high purchasing power, and the influence of celebrity endorsement.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the fashion accessory market by product type (footwear, apparel, wallets, handbags, watches, and others), end use (men, women, kids/children, and unisex), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Fashion Accessory Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Giorgio Armani
- LVMH Moet Hennessy Louis Vuitton
- Dolce & Gabbana
- Kering Group
- Tapestry
- Fossil Group
- Industria de Diseno Textile
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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