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Global Accessories Market to 2028

Publisher GlobalData
Published Dec 20, 2024
Length 39 Pages
SKU # GBDT19550368

Description

Global Accessories Market to 2028

Summary

This report offers an analysis of both the historic and forecast data of the global accessories market through to 2028. It provides a brief of the key trends along with sales and growth across different regions and channels. It also highlights the global accessories brands and their current competitive position.

In 2023, the global accessories market grew 3.2%, remaining weaker than both clothing and accessories due to the category being easier to cut back on, with a decline of 0.6% to reach $196.8bn expected in 2024. The luxury segment is expected to see the largest increase in market share, projected to increase by 2.3ppts between 2023 and 2028 to reach 33.0%. This growth is driven by ultra-wealthy shoppers who have been relatively unaffected by economic challenges.

Scope
  • The market is expected to witness a CAGR of 2.2% between 2023 and 2028, aided by the recovering economy
  • The online channel is expected to outperform, reaching an online penetration of 26.3% by 2028
  • Gucci and Louis Vuitton are both seeing their shares fall, as aspirational shoppers’ savings wane
Reasons to Buy
  • Gain a comprehensive view of the global accessories market to 2028
  • Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of inflation on the global accessories market
  • Investigate current and forecast trends in the global accessories market to identify the opportunities offering the most potential
  • Understand who the main players are in the global accessories market and gain insights into their market share

Table of Contents

39 Pages
  • Executive Summary
    • Global Accessories Market Drivers
    • Global Accessories Market Inhibitors
    • Key Trend: Growing demand for resale accessories among consumers
    • Key Trend: Experiential pop-ups boost customer engagement and drive brand loyalty
    • Key Trend: Collaborations and novelty designs allow accessories brands to stand out
    • Strategies for Success
    • Global Accessories Market 2018, 2023 and 2028
    • Global Accessories Market Value 2018-2028
    • Global Accessories Market by Product Segment, 2018, 2023, 2024 & 2028
    • Global Accessories Market by Price Positioning, 2018, 2023 & 2028
    • Global Accessories Online Market 2018–2028
    • Global Accessories Market by Channel Share
    • Global Accessories Market by Region, 2018, 2023 & 2028
    • Top 10 Global Accessories Markets, 2018, 2023, 2024 & 2028
    • Top 10 Accessories Markets by Forecast Growth, 2023-2028
    • Top 10 Accessories Market Shares 2022-2024
    • Top 10: Winners & Losers Outlook
    • Brand in Focus: Chanel
    • Brand in Focus: Guess
    • Brand in Focus: Claire's
    • Brands in Focus: Rains and Fendi
    • Brands to Watch
    • Methodology: Market Sizes
    • Methodology: Brands
    • Methodology: Channels & Price Positioning

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