Belts And Wallets Market By Product Type (Wallets, Belts), By Material Type (Leather, Non-Leather), By End User (Men, Women), By Sales Channel (Supermarket/Hypermarket, Exclusive Stores, Online, Others (Distributor & Dealers, etc.) By Region, By Competition Forecast & Opportunities, 2024-2032F

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format

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Belts And Wallets Market By Product Type (Wallets, Belts), By Material Type (Leather, Non-Leather), By End User (Men, Women), By Sales Channel (Supermarket/Hypermarket, Exclusive Stores, Online, Others (Distributor & Dealers, etc.) By Region, By Competition Forecast & Opportunities, 2024-2032F

Forecast Period2024-2028
Market Size (2022)USD20.5 billion
CAGR (2023-2028)7.3%
Fastest Growing SegmentOnline
Largest MarketAsia-Pacific
MIR Consumer Goods and Retail

Market Overview

Key Market Drivers

Fashion Trends and Consumer Preferences

E-commerce and Online Retailing

MIR Segment1

Sustainability and Ethical Practices

Brand Innovation and Customization

Globalization and Market Expansion

Key Market Challenges

MIR Regional

Intense Competition and Market Saturation

Counterfeiting and Intellectual Property Issues

Environmental and Ethical Concerns

Changing Consumer Behavior and Preferences

Key Market Trends

Sustainability and Eco-friendly Materials

Minimalism and Timeless Design

Personalization and Customization

Tech Integration and Smart Features

Diversity and Inclusivity

Digital-First Retail and Virtual Try-Ons

Segmental Insights

Product Type Insights

Sales Channel Insights

Regional Insights

Recent Developments

  • In January 2023, Louis Vuitton launched LV Volt Belt, this belt featuresa sleek, metallic buckle inspired by the LV Volt collection. It is made fromTaurillon leather and comes in a variety of colors.
  • Gucci GG Marmont Wallet was released in March 2023, this wallet featuresthe iconic GG Marmont quilted pattern. It is made from leather and has azip-around closure.
  • Prada Re-Nylon Belt was launched in April 2023, this belt is made fromrecycled nylon. It features a simple, buckle design and comes in a variety ofcolors.

Key Market Players

  • Tommy Hilfiger licensing, LLC (PVH)
  • RalphLauren Corp.
  • DieselFashion India Reliance Pvt.Ltd
  • AdityaBirla Group
  • PUMASE
  • TitanCompany
  • MarshallWallet (ABC INTERNATIONAL)
  • LEVISTRAUSS & CO.
  • GuccioGucci S.p.A. (KERING)
  • BurberryPLC

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