Global minimalist wallet market is anticipated to record a lucrative growth over the forecast period, 2023-2027. The market growth can be attributed to the rising demand for compact and innovative wallets with new features that enhance convenience for the users. Minimalist wallets are similar to traditional bi-fold wallets, but they are more compact in size. As the word minimalist infers avoiding the unnecessary, the minimalist wallets are designed in such a way that the user only carries what they need and leave the unnecessary articles at home. These wallets can usually hold three to five credit cards, ID car and some cash. Minimalist wallets are comfortable and convenient to carry and are also seen as a status symbol. Shifting consumer focus from conventional bulky wallets to slim and compact wallets is also driving the market growth.
Rising Per Capita Income of The Consumer Fuels the Market Growth
Wide Availability of Minimalist Wallets Online to Boost their Adoption
The easy availability of minimalist wallets over the online platform is acting as one of the major growth-inducing factors for the global minimalist wallet market. Online shopping allows customers to choose from a wide range of products, compare the quality and price offered by numerous brands and conveniently place an order. Moreover, online retail channels facilitate various benefits such as lucrative discount and cashback offers, doorstep delivery, and easy return or exchange of the product bought. The high penetration of the internet and smartphones in both developed and developing nations has helped the e-commerce sector to grow exponentially in the recent years. Thus, such flexibility and convenience offered through online shopping is expected to drive the growth of global minimalist wallets over the forecast period.
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Market Segmentation
Company Profile
Richemont group (Montblanc), Hentley Garments Limited, Harber London Ltd, Bellroy Pty Ltd., Leatherology, Tanner Goods Inc, Tom Ford SA, and Swisst are the leading market players contributing to the growth of global minimalist wallet market.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Price Range · Distribution Channel |
| Regional scope | North America, Europe, Asia Pacific, Middle east and Africa, South America |
| Key companies profiled | Richemont group (Montblanc), Hentley Garments Limited, Harber London Ltd, Bellroy Pty Ltd., Leatherology, Tanner Goods Inc, Tom Ford SA, and Swisst |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
