India Personal Accessories Market By Product Type (Watches, Fashion Jewelry, Handbags and Wallets, Others), By End User (Female, Male), By Distribution Channel (Multi-Brand Stores, Specialty Stores, Exclusive Stores, Online, Supermarket/Hypermarket), By Region, Competition, Forecast & Opportunities, 2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationIndia Personal Accessories Market By Product Type (Watches, Fashion Jewelry, Handbags and Wallets, Others), By End User (Female, Male), By Distribution Channel (Multi-Brand Stores, Specialty Stores, Exclusive Stores, Online, Supermarket/Hypermarket), By Region, Competition, Forecast & Opportunities, 2028
The Indian personal accessories market was worth USD1622.96 million in 2022 and is expected to grow at a CAGR of over 7.10% to reach USD 2406.73 million by 2028, on account of growing young population and rapid urbanization. Furthermore, rising middle-class disposable income, growing working women, increasing proliferation of international brands, and organized retail is growing in popularity and are expected to boost personal accessories sales in India during the forecast period.
Personal accessories are a collection of different products designed to help the consumer. Personal accessories are designed to complement a customer's fashion sense and other distinguishing characteristics. Personal accessories are any product that is used to complete a person's outfit secondarily. The consumer accessories finish an outfit and enhance the wearer's appearance. Accessories are found at in various shapes, sizes, colors, and other characteristics.
Western culture's influence has sparked a surge in demand of India personal accessories market
The increasing influence of fashion statements from western culture on the Indian population is boosting the demand for products in this market, such as bucket-style bags, oversize neck chains, and so on. Customers in the Indian business world are extremely sensitive and demanding. In addition, many Indian brands provide consumers with high-quality products at reasonable prices.
Indian brides prefer to accessorize themselves on their wedding day, so western-influenced fashion jewelry is rising. Brides have begun to prefer artificial or semi-precious fashion jewelry for their wedding day, which has resulted in healthy growth in recent years. The current market's choice and demand for fashion jewelry have prompted the introduction of new trends not only during the festive season but also during the wedding season.
E-commerce has significantly established itself as a pioneering medium for driving the market growth
The growing popularity of online retail retailers is fueling India's demand for personal accessories. The market offers promising opportunities because of e-commerce. Many personal accessories brands have branched into e-commerce, allowing for widespread brand presence in Tier II and Tier III cities where brand retail shops may not exist.
Customers are divided into two categoriesonline and offline. Offline catering is a tried and tested product. Customers who shop offline have the opportunity to interact with the service and product, forming a tangible bond with the brand. E-commerce allows you to reach many customers, connect with Millennials, and connect with value-seekers, and is a significant first step in interacting with the brand.
Trending men’s accessories
Due to the continuous change in fashion trends, accessories are no longer just for women. It blurs the lines between well-defined styles for men and women. Indian men have embraced Indian fashion and accessories, beginning to wear more colorful accessories such as bracelets, watches, and sunglasses, as well as demonstrating a higher level of fashion consciousness and awareness, increasing the men's personal accessories market in India. The men's accessory category requires product diversification in urban areas and further propagation and acceptance in semi-urban areas.
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Market Segmentation
The India personal accessories market is segmented based on product type, end user, distribution channel, region, and competitional landscape. Based on product type, the market is further segmented into watches, fashion jewelry, handbags and wallet, and others (eyewear, belts, etc). The end user segment, which is further segmented into female and male. The distribution channel is segmented into multi-brand retailers, exclusive retailers, specialty retailers, online, supermarket/hypermarket, etc. The market analysis also studies the regional segmentation divided into north, west, south, and east.
Company Profiles
Titan Company Limited, Fossil India Private Limited (India), Timex Group India Ltd, Casio India Co. Private Limited (India), Baggit India Private Limited (India), Hidesign India Private Limited (India), Voylla Fashions Private Limited (India), Pipa Bella Accessories Private Limited (India), Da Milano Leathers Private Limited,
| Attribute | Details |
| Market Size Value in 2022 | USD1,622.96 Million |
| Revenue Forecast in 2028 | USD2,406.73 Million |
| Growth Rate | 7.10% |
| Base Year | 2022 |
| Historical Years | 2018–2022 |
| Estimated Year | 2023E |
| Forecast Period | 2024F –2028F |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023E- 2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Product type · End User · Distribution Channel · Region · Company |
| Regional Scope | North, West, South and East |
| Key Companies Profiled | Titan Company Limited, Fossil India Private Limited (India), Timex Group India Ltd, Casio India Co. Private Limited (India), Baggit India Private Limited (India), Hidesign India Private Limited (India), Voylla Fashions Private Limited (India), Pipa Bella Accessories Private Limited (India), Da Milano Leathers Private Limited, Swatch Group (India) Private Limited. |
| 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/pdf format on special request) |
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