Apparel Accessories
SKU
MRR-434CCDA0454A
Region
Global
Publication Date
March 2024
Delivery
Immediate
2023
USD 24.76 billion
2030
USD 39.91 billion
2024
USD 26.45 billion
CAGR
7.05%
Apparel Accessories Market by Product (Belt, Footwear, Handbags), User (Children, Men, Women), Distribution Channel - Global Forecast 2024-2030

[196 Pages Report] The Apparel Accessories Market size was estimated at USD 24.76 billion in 2023 and expected to reach USD 26.45 billion in 2024, at a CAGR 7.05% to reach USD 39.91 billion by 2030.

Apparel Accessories Market
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Apparel accessories are the essential elements of fashion and have a significant secondary role to the wearer’s outfit, which gives a unique look to the respective person and reflects their style. Rising fashion awareness among consumers, growing eCommerce platforms, and the rapidly increasing popularity of online apparel accessory shopping are fostering the demand for apparel accessories worldwide. In addition, the influence of social media and fashion magazines is attracting more customers to adopt apparel accessories. However, the constant shift in consumer taste, preferences, and imitation of designs in apparel accessories affects the manufacturers, limiting the market's growth. Brand promotion through social media and celebrity endowment allows manufacturers to increase brand awareness and strengthen their brand presence internationally. Moreover, the surging number of apparel accessories manufacturers, increasing consumer awareness, and growing inclination toward sustainable apparel accessories offer a potential way for market penetration over the forecast period.

Apparel Accessories Market - Global Forecast 2024-2030
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Regional Insights

The major established apparel accessories brands have origins in Europe and Americas regions, showcasing the widespread market for apparel accessories in these regions. In EMEA, particularly in the Middle East & Africa, the apparel accessories market is evolving with the increasing presence of global apparel brands and concur consumer awareness as well as spending for trending accessories. In addition, the presence of major fashion brands and rising collaborations among popular designers and manufacturers across the Americas have been offering significant growth of apparel accessories across the region. The rising population in the Asia-Pacific region and the large availability of raw materials in several countries, including China and India, have been creating lucrative opportunities for the apparel accessories market in the APAC region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Apparel Accessories Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Apparel Accessories Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Mattel and Gap Announce New Partnership | Business Wire

    Mattel and Gap have announced an exciting new partnership that is set to create a range of apparel accessories that are inspired by Mattel’s iconic brands. This collaboration is set to be a game-changer for both companies, as it combines Gap’s reputation for high-quality clothing with Mattel’s unparalleled brand recognition. Consumers can expect to see accessories that are inspired by beloved characters like Barbie, Hot Wheels, Fisher-Price, and Thomas & Friends. With this partnership, Mattel and Gap are poised to become two of the biggest players in the apparel accessories market, offering customers a wide range of stylish and innovative products that are sure to appeal to a wide range of audiences. [Published On: 2023-04-19]

  • Nike NFT Sneaker Collection: Nike to launch first ever NFT sneakers 'Our Force 1', here's when it will be available

    Nike has announced that it will be launching its first-ever NFT sneakers, called "Our Force 1." This move into the world of non-fungible tokens marks a major step forward for the iconic brand. Fans of Nike and collectors of NFTs will be sure to eagerly anticipate the release of this limited-edition shoe. The Our Force 1 will not only be a fashionable addition to any sneakerhead's collection but will also allow them to own a piece of digital art that's uniquely theirs. As one of the world's leading apparel accessories brands, Nike continues to push the boundaries with its innovative and daring approach to fashion. The release date of the Our Force 1 has yet to be announced, but its launch is sure to be a major moment in the fashion and NFT worlds. [Published On: 2023-04-18]

  • Hang Ten partners with Bradford to debut in Indian market

    Hang Ten, a well-known apparel accessories brand, has recently announced its partnership with Bradford, marking its debut in the Indian market. This collaboration will allow Hang Ten to broaden its reach by introducing its trendy and high-quality products to the Indian population. With Bradford's extensive experience in the apparel industry, the two companies together are set to bring a fresh and exciting approach to the Indian market. This move by Hang Ten is a strategic one as the Indian market holds immense potential for growth, and the brand's unique offering is set to become a major player in the apparel accessories sector. Customers can look forward to a vast array of products, including sunglasses, watches, and bags, sporting the Hang Ten label, making a fashionable statement in the realm of accessories. [Published On: 2023-04-17]

Key Company Profiles

The report delves into recent significant developments in the Apparel Accessories Market, highlighting leading vendors and their innovative profiles. These include Adidas AG, Aeffe S.P.A, Burberry Limited, Capri Holdings Limited, Centric Brands Inc., Chanel Limited, Compagnie Financière Richemont SA, Dolce & Gabbana S.r.l., Fila Holdings Co., Ltd., Fossil Group, Inc., Gap, Inc., Garmin Ltd., Giorgio Armani S.p.A., H & M Hennes & Mauritz AB, Hermès International, Hugo Boss AG, Industria de Diseño Textil, S.A., J.W Anderson Limited, Kering, Levi Strauss & Co., LVMH Moët Hennessy Louis Vuitton S.E., NIKE, Inc., OTB S.p.A., Prada S.p.A., PUMA SE, PVH Corp., Roberto Cavalli S.p.A., Rolex SA, Salvatore Ferragamo S.p.A., Suunto Oy, Tapestry, Inc., Titan Company Limited, Tory Burch LLC by Shiseido Company, Limited, Under Armour, Inc., Uniqlo Co., Ltd., and VALENTINO S.p.A.

Market Segmentation & Coverage

This research report categorizes the Apparel Accessories Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product
    • Belt
    • Footwear
    • Handbags
    • Jewelry
    • Scarves
    • Watches
  • User
    • Children
    • Men
    • Women
  • Distribution Channel
    • Offline
      • Department Stores
      • Specialty Stores
      • Supermarket & Hypermarket
    • Online

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Apparel Accessories Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Apparel Accessories Market?
  3. What are the technology trends and regulatory frameworks in the Apparel Accessories Market?
  4. What is the market share of the leading vendors in the Apparel Accessories Market?
  5. Which modes and strategic moves are suitable for entering the Apparel Accessories Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Apparel Accessories Market, by Product
  7. Apparel Accessories Market, by User
  8. Apparel Accessories Market, by Distribution Channel
  9. Americas Apparel Accessories Market
  10. Asia-Pacific Apparel Accessories Market
  11. Europe, Middle East & Africa Apparel Accessories Market
  12. Competitive Landscape
  13. Competitive Portfolio
Companies Mentioned
  • Adidas AG
  • Aeffe S.P.A
  • Burberry Limited
  • Capri Holdings Limited
  • Centric Brands Inc.
  • Chanel Limited
  • Compagnie Financière Richemont SA
  • Dolce & Gabbana S.r.l.
  • Fila Holdings Co., Ltd.
  • Fossil Group, Inc.
  • Gap, Inc.
  • Garmin Ltd.
  • Giorgio Armani S.p.A.
  • H & M Hennes & Mauritz AB
  • Hermès International
  • Hugo Boss AG
  • Industria de Diseño Textil, S.A.
  • J.W Anderson Limited
  • Kering
  • Levi Strauss & Co.
  • LVMH Moët Hennessy Louis Vuitton S.E.
  • NIKE, Inc.
  • OTB S.p.A.
  • Prada S.p.A.
  • PUMA SE
  • PVH Corp.
  • Roberto Cavalli S.p.A.
  • Rolex SA
  • Salvatore Ferragamo S.p.A.
  • Suunto Oy
  • Tapestry, Inc.
  • Titan Company Limited
  • Tory Burch LLC by Shiseido Company, Limited
  • Under Armour, Inc.
  • Uniqlo Co., Ltd.
  • VALENTINO S.p.A
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Frequently Asked Questions about the Apparel Accessories Market
The Global Apparel Accessories Market size was estimated at USD 24.76 billion in 2023 and expected to reach USD 26.45 billion in 2024.
The Global Apparel Accessories Market to grow USD 39.91 billion by 2030, at a CAGR of 7.05%
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