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Global Fashion Accessories Market - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4622768
  • Report
  • Region: Global
  • 110 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • Adidas AG
  • Chanel S.A.
  • Fielmann A.G.
  • Gucci America Inc.
  • Nike Inc.
  • Safilo Group S.p.A.
  • MORE
Fashion Accessories Market Insight

The global fashion Accessories market is projected to grow at the rate of 6.5% during the forecast period 2018 to 2023. The fashion industry is highly competitive in nature and requires continuous innovation and development especially in case of the product design and improvement with changing consumer trends which is driving the growth of fashion accessories market. Key players in fashion accessories manufacturing are primarily focused towards vindicating the adverse effects of unorganized fashion accessories market by providing unique and attractive high quality products offerings. There is an increasing demand of different fashion accessories such as eyewear, footwear, handbags etc. owing to the rising consumer preference towards high quality and branded fashion accessories across the globe. Major players in fashion accessories market have been acquiring emerging players in the market to expand consumer base who are progressively passionate about adopting latest fashion trends. For example, in 2011, LVMH Moët Hennessy Louis Vuitton acquired Heng Long, a Singapore-based crocodile tanning company. Two years later, in 2013, Chanel bought a lamb hide tannery, France-based tannery Bodin-Joyeux, which had long been responsible for providing the iconic design house with a portion of its leather fashion products.

Popularity of Online Retail Stores to Drive the Fashion Accessories Market Growth

Growing preference for convenience, along with rising popularity of online retail stores, is driving the demand for fashion accessories across the globe. Growing demand for apparel and eyewear products along with growing influence of promotional strategies by e-commerce players especially during festival season is supporting the market growth from last few years. Additionally, plant-derived products help to reduce dependence on animal based fashion accessory products. This factor is likely to change the fashion accessories market dynamics in upcoming years. Significant rise in influence of social media and fashion blogs that are communicating the benefits of various fashion accessories is likely to influence sales of fashion accessories. Moreover, easy availability and affordability of fashion accessories are influencing the sales of products such as apparel, footwear, handbags, and eyewear. Continuous improvement in distribution strategy by key players especially in distribution structure, available resources, inventory turns, order filling techniques, etc. are expected to drive the market growth during the forecast period.

Apparel Segment to Witness Fastest Growth in Fashion Accessories Market during the Forecast Period

In fashion industry, apparels are mostly considered as status symbols for individuals which is driving discretionary spending with high purchasing power of consumers are expected to drive the growth of fashion accessories market. Increasing popularity of luxury apparels among millennial are driving the market growth as they are more likely to be driven by latest fashion trend than other consumers groups. Improvement in digital marketing and rise in use of digital media in developing economies for product marketing are playing key role to drive the fashion accessories market growth from last few years. For instance, popular fashion brands like Topshop, Burberry and Alexander McQueen showed their use of live streaming with the help of digital runways at the SS 2017 fashion month.

Asia-Pacific Region to Witness Fastest Growth Rate in Fashion Accessories Market during the Forecast Period

In North America, growing the consumer inclination towards adaptation of latest fashion trends and the growing demand for products which exclusively available in retail stores are driving the fashion accessories market growth in the region. In Asia-Pacific region, the growing attraction of luxury lifestyle, high purchasing power, and the influence of celebrity endorsement are driving the market growth in the region. Moreover, Asia-Pacific region is estimated to witness significant growth rate in upcoming years owing to improving distribution network across the region. However, value added taxes imposed on premium fashion accessoriessuch as jewelry, handbags, eyewear, footwear, apparels and footwear by governments and increasing influence of local vendors is restraining the market growth at some extent in developing economies in Asia-Pacific region.

Key Developments in the Fashion Accessories Market

July 2018 - Chanel has launched sunglasses on its UK e-commerce platform. The French luxury brand previously sold only cosmetics online in the UK, whilst in the US it launched eyewear in 2015.

August 2018 - Burberry launches two handbags including Qixi bags just for China on first Wechat Mini-Program. The WeChat mini-program allows the customer to experience brand in a seamless and engaging way.

Competitive Landscape of Fashion Accessories Market

Major Key Players - Adidas AG, Burberry Group Plc, Chanel S.A., Essilor International, Fielmann A.G., Fossil Group, Inc., Gucci America, Inc., Luxottica Group S.p.A, LVMH Moët Hennessy Louis Vuitton S.E, Nike, Inc. , Prada S.p.A. , Safilo Group S.p.A., Tapestry, Inc. and Tory Burch LLC, among others.

Reasons to Purchase this Fashion Accessories Market Research Report
  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst supports, along with the Market Estimates sheet in excel
Customization of the Fashion Accessories Market Research Report

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Adidas AG
  • Chanel S.A.
  • Fielmann A.G.
  • Gucci America Inc.
  • Nike Inc.
  • Safilo Group S.p.A.
  • MORE
1. Introduction
1.1 Scope of Study
1.2 Study Deliverables
1.3 Study Assumptions
1.4 Research Phases

2. Fashion Accessories Market Insights
2.1 Market Overview
2.2 Market Trends
2.3 Industry Attractiveness – Porters Five Forces Analysis
2.3.1 Bargaining Power of Suppliers
2.3.2 Bargaining Power of Consumers
2.3.3 Threat of New Entrants
2.3.4 Threat of Substitute Products and Services
2.3.5 Degree of Competition

3. Fashion Accessories Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities

4. Fashion Accessories Market Segmentation
4.1 Product Category
4.1.1 Apparel
4.1.2 Eyewear
4.1.3 Backpacks
4.1.4 Wallets
4.1.5 Handbags
4.1.6 Jewelry
4.1.7 Footwear
4.1.8 Watches
4.1.9 Others
4.2 Gender
4.2.1 Male
4.2.2 Female
4.3 Distribution Channel
4.3.1 Offline Retail Stores
4.3.2 Online retail stores

5. Fashion Accessories by Geography
5.1 North America Fashion Accessories Market Size (2018-2023)
5.1.1 US Fashion Accessories Market Size (2018-2023)
5.1.2 Canada Fashion Accessories Market Size (2018-2023)
5.1.3 Mexico Fashion Accessories Market Size (2018-2023)
5.1.4 Rest of North America Fashion Accessories Market Size (2018-2023)
5.2 Europe Fashion Accessories Market Size (2018-2023)
5.2.1 Spain Fashion Accessories Market Size (2018-2023)
5.2.2 UK Fashion Accessories Market Size (2018-2023)
5.2.3 Germany Fashion Accessories Market Size (2018-2023)
5.2.4 France Fashion Accessories Market Size (2018-2023)
5.2.5 Italy Fashion Accessories Market Size (2018-2023)
5.2.6 Russia Fashion Accessories Market Size (2018-2023)
5.2.7 Rest of Europe Fashion Accessories Market Size (2018-2023)
5.3 Asia-Pacific Fashion Accessories Market Size (2018-2023)
5.3.1 China Fashion Accessories Market Size (2018-2023)
5.3.2 Japan Fashion Accessories Market Size (2018-2023)
5.3.3 India Fashion Accessories Market Size (2018-2023)
5.3.4 Australia Fashion Accessories Market Size (2018-2023)
5.3.5 Rest of Asia-Pacific Fashion Accessories Market Size (2018-2023)
5.4 South America Fashion Accessories Market Size (2018-2023)
5.4.1 Brazil Fashion Accessories Market Size (2018-2023)
5.4.2 Argentina Fashion Accessories Market Size (2018-2023)
5.4.3 Rest of South America Fashion Accessories Market Size (2018-2023)
5.5 Middle East & Africa Fashion Accessories Market Size (2018-2023)
5.5.1 South Africa Fashion Accessories Market Size (2018-2023)
5.5.2 Saudi Arabia Fashion Accessories Market Size (2018-2023)
5.5.3 Rest of Middle East & Africa Fashion Accessories Market Size (2018-2023)

6. Fashion Accessories Market Competitive Landscape
6.1 Most Active Companies
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players

7. Company Profiles
7.1 Adidas AG
7.2 LVMH Moët Hennessy Louis Vuitton S.E
7.3 Nike, Inc.
7.4 Fielmann A.G.
7.5 Safilo Group S.p.A.
7.6 Luxottica Group S.p.A
7.7 Tapestry, Inc.
7.8 Fossil Group, Inc.
7.9 Gucci America, Inc.
7.10 Prada S.p.A.
7.11 Chanel S.A.
7.12 Burberry Group Plc.
7.13 Tory Burch LLC
7.14 Essilor International
(The list is not exhaustive)

8. Disclaimer
Note: Product cover images may vary from those shown
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  • Adidas AG
  • Burberry Group Plc
  • Chanel S.A.
  • Essilor International
  • Fielmann A.G.
  • Fossil Group Inc.
  • Gucci America Inc.
  • Luxottica Group S.p.A
  • LVMH Moët Hennessy Louis Vuitton S.E
  • Nike Inc.
  • Prada S.p.A.
  • Safilo Group S.p.A.
  • Tapestry Inc.
  • Tory Burch LLC
Note: Product cover images may vary from those shown
5 of 5

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