Fashion Accessory Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

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

Lucintel 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

Q5. Which fashion accessory market segment will be the largest in future?

Answer: Lucintel 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, Lucintel provides 10% customization without any additional cost.

This report answers 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?