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Pune, May 16, 2023 (GLOBE NEWSWIRE) — Advanced Market Research, a global consumer goods and services research and business consulting firm, has published a market intelligence report on “Fashion accessories marketHe said. The report is a combination of primary data and secondary data and domain experts have analyzed the Fashion Accessories market from both a domestic and international perspective. During the forecast period, Maximize Market Research, the market is expected to grow from USD 1249.67 billion in 2022 to USD 3236.13 billion in 2029 at a CAGR of 14.56%.
Scope and Research Methodology of Fashion Accessories Market Report
| Market size in 2022 | 1249.67 Bn. |
| Market size in 2029 | 3236.13 Bn. |
| CAGR | 14.56 percent (2023-2029) |
| Forecast time | 2023-2029 |
| Foundation year | 2022 |
| Number of pages | 276 |
| Number of tables | 116 |
| Number of charts and figures | 114 |
| Room covered | Product type, type and end user |
| Regional scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report coverage | Market Share, Size and Forecast by Revenue | 2022-2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities and Key Trends, Competitive Landscape, Key Players Reference, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Market Level Analysis of Global Key Players. |
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The bottom-up approach was used to estimate the market size in terms of value and volume. The report includes growth centers, investment feasibility, restraints, and competitive analysis of the market in five major geographic regions such as North America, Asia Pacific, Middle East & Africa, Europe, and South America. The report provides segment-wise analysis of the market along with its several sub-segments. The report includes: Data Regarding mergers and acquisitions and partnerships in major key companies. The Fashion Accessories market information was collected through primary and secondary research methods. Collected information is later analyzed using tools such as SWOT, PORTER’s five-force model and PESTLE analysis, which provides political, social, economic, environmental, technological and legal aspects of the market.
An overview of the fashion accessories market
Fashion accessories are secondarily items used to complement individual clothing. The growing e-commerce industry and Investment Among the leading fashion accessories, key players in the fashion accessories industry are expected to drive the fashion accessories market. Recently, in December 2022, Titan House introduced IRTH, the latest women’s handbag brand, which offers a variety of handbags suitable for various occasions such as night outs, weekends, work days and more.
The dynamics of the fashion accessories market
The fashion accessories industry is experiencing rapid growth driven by various opportunities and factors. One of the main drivers is the increasing demand Eco friendly And sustainable accessories, consumers are becoming more aware of environmental protection. In addition, the market is increasing Disposable Income and improved fashion trends, leads to higher and higher quality demand Accessories. of Online Channel has emerged as a major distribution platform, with e-commerce platforms offering a wide range of products at affordable prices, giving consumers the convenience to shop from home. Moreover, headwear products such as hats, caps, headbands and beanies are gaining popularity among all age groups due to their practicality and fashion appeal. The choice for winter clothing and accessories, including hats, beanies and other winter headwear products, is growing due to global warming, especially in well-established regions with changing climates. The fashion industry is highly competitive and established fashion accessories with key companies dominating the market, which is expected to restrain the fashion accessories market. A growing choice for the winter clothing And accessories like hats, beanies and winter headwear products are said to be affected by changing climates due to global warming, especially in established regions.
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Regional Insights of the Fashion Accessories Market
A growing economy, Asia Pacific is expected to provide a lucrative opportunity for key companies in fashion accessories. Asia Pacific is expected to account for over 48 percent revenue share in the fashion accessories market. The trend of buying accessories through online shopping platforms and increasing internet connectivity everywhere, including in remote areas, is expected to drive the Asia Pacific fashion accessories market during the forecast period.
The Middle East and Africa is expected to grow at the highest CAGR of 14.6% throughout the forecast period (2023-2029). The growth of the fashion accessory market is supported by favorable government initiatives to build the region and its growing economy with a skilled workforce.
Fashion accessories market segmentation
By product type:
- Bags
- jewelry
- Hours
- Clothes
- Footwear
- others
In the fashion accessories market, the watch and jewelry segment accounts for the largest share, accounting for more than 40% of the total revenue by 2022. Gold, and titanium, as well as fashion jewelry.
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Type:
By end user:
The market is segmented based on the end user which includes children/kids, women and men. Among these segments, the women’s category is expected to have a significant share in the market due to the large presence of branded wearables and related products in various stores. Additionally, the focus on women’s appearance increases demand for fashion merchandise.
Key competitors of fashion accessories include:
- Coach (Premium) – United States
- Michael Kors – United States
- Kate Spade – United States
- Vera Bradley – United States
- American Eagle Outfitters – United States
- Superdry (UK)
- Mule (Premium) – United Kingdom
- Longchamp – France
- Bally – Switzerland
- Fred Perry – United Kingdom
- Shiseido (Premium) – Japan
- Samsonite – Hong Kong
- Li-ning – China
- Anta – China
- Oroton – Australia
- Burberry (Premium) – United Arab Emirates
- Pasha – India
- Octine – Egypt
- BHV Marais – Saudi Arabia
- Sunuva – South Africa
- Rainer – Brazil
- Camel – Colombia
- LOB – Mexico
- Prune – Argentina
- Velez – Colombia
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Key Questions Answered in the Fashion Accessories Market:
- What is the fashion accessory market?
- What was the size of the fashion accessory market in 2021?
- What is the expected fashion accessories market size during the forecast period?
- What are the global trends in the fashion accessory market?
- What are the major restraints for the fashion accessory market?
- Which segment has dominated the growth of the fashion accessories market?
- What is the demand pattern of the fashion accessory market?
- What growth strategies are the players considering to increase their presence in the fashion accessories market?
- What are the upcoming industry applications and trends for the Fashion Accessories market?
- Who are the leading companies and what are their portfolios in the fashion accessories market?
- Which region controls the largest market share in the fashion accessories market?
Key offerings:
- Historical Market Size and Competitive Landscape (2018 to 2021)
- Historical Price and Price Curve by Region (2018 to 2021)
- Market Size, Share, Volume and Forecast by Various Segment | 2022-2029
- Market dynamics – growth drivers, restraints, opportunities, organization size, application and industry vertical
- Market Segmentation – Detailed analysis by product type, type and end user
- Competitive Landscape – Profiles of key players in the region selected from a strategic perspective
- Competitive landscape – market leaders, market followers, regional players
- Competitive benchmarking of regional key players
- PESTLE analysis
- PORTER’S ANALYSIS
- Value chain and supply chain analysis
- Legal aspects of business by region
- Good business opportunities with SWOT analysis
- Recommendations
Conducting extensive market research. The Consumer Goods and Services Research Institute has published the following reports:
The market for used denim products – The market size is expected to reach USD 663.16 million by 2029 at a CAGR of 7.8% during the forecast period. The market is expected to be driven by increasing awareness of the environmental impact of fast fashion and the textile industry, with consumers looking for more sustainable options.
Fast fashion market – The market size is expected to reach USD 165.39 billion by 2029 at a CAGR of 7.59% during the forecast period. The market is expected to be driven by the presence of the Internet and e-commerce has increased fashion awareness and increased availability of high-end brands and limited edition products.
Luxury fashion market – The market size is expected to reach USD 332.98 billion by 2029 at a CAGR of 4% during the forecast period. The market is expected to be driven by promotions and celebrity endorsements.
Outerwear market – During the forecast period, the market size is expected to reach USD 22.80 billion by 2029 at a CAGR of 5.45%. The market is expected to be driven by the growing trend of outerwear among consumers worldwide.
Tracksuits market – During the forecast period, the market size is expected to reach USD 15.95 billion by 2029 at a CAGR of 7.9%. The market is expected to be driven by changing fashion trends.
About conducting market research:
Maximize Market Research is a multidisciplinary market research and consulting firm with professionals from multiple industries. Industries we cover include consumer goods and services, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communications, cars and automobiles, chemical products and materials, general goods, beverages, personal care and automated systems. To name a few, we provide market-proven industry forecasts, technical trend analysis, critical market research, strategic advice, competitive analysis, product and demand analysis, and customer impact studies.
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