Global Apparel Accessories Market Size, Status, Growth, Revenue & Report Forecasted by 2022
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The market for apparel accessories continues to struggle owing the ongoing economic and socio-political qualms. Economic uncertainties and low consumer confidence continue to undermine the sales of apparel accessories worldwide. Influx of counterfeit products has made a severe impact on the global apparel accessories market as well. Moreover, aggressive pricing strategies implemented by online retailers and fast fashion brands is deterring the popularity of some of the established players. Meanwhile, the large pool of price-conscious consumers in the emerging markets remain least interested in premium-priced apparel accessories. Also, continuous price inflation is restricting a value growth in demand for apparel accessories in both developed and emerging countries. Over the years, demand for some of the categories in apparel accessories such as gloves, woollen scarves and cap/hats has reduced to a significant level due to climate change. Snowless winters and milder autumns are becoming increasingly common in many colder parts of the world and hence is making a negative influence on the sales volume of winter-wear apparel accessories. Fact.MR’s recent report reveals that the global apparel accessories market is set to register a moderate CAGR of 4.6% during 2017 to 2022.
Handkerchiefs Remain Top Selling Apparel Accessory
Among all the apparel accessories, handkerchiefs remain highly sought-after. Currently, global sales of handkerchief account for close to 14% revenue share of the market. More than US$ 13,277 Mn worth handkerchiefs are estimated to be sold worldwide by 2022-end. In addition, sales of handkerchiefs will continue to increase in the APEJ region.
APEJ to Lead the Global Apparel Accessories Market
Asia-Pacific excluding Japan (APEJ) is expected to dominate the global apparel accessories market in 2017 and beyond. Factors such as, the growing middles class, steady growth of the economy, availability of low-cost labor force and abundance of raw materials are boosting the growth of the market in the region. During the forecast period, the region is expected account for a significant market share in terms of market share and register an above average CAGR.
The report also profiles players that are expected to remain active in the expansion of the global apparel accessories market through 2022, which include The Gap, Inc., H & M Hennes & Mauritz AB, Industria de Diseño Textil, S.A., Kering S.A., LVMH Moët Hennessy Louis Vuitton S.E., NIKE, Inc., PVH Corp., Hugo Boss AG, Adidas AG, Burberry Group plc.
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Table of Content:
1. Global Apparel Accessories Market – Executive Summary
2. Global Apparel Accessories Market Overview
2.1.1. Global Apparel Accessories Market Taxonomy
2.1.2. Global Apparel Accessories Market Definition
2.2. Global Apparel Accessories Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Apparel Accessories Market Y-o-Y Growth
2.3. Global Apparel Accessories Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Apparel Accessories Market Analysis and Forecast By Product Type
3.1. Global Apparel Accessories Market Size and Forecast By Product Type, 2012-2022
3.1.1. Belts Apparel Accessories Market Size and Forecast, 2012-2022
220.127.116.11. Revenue (US$ Mn) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
3.1.2. Handbags Apparel Accessories Market Size and Forecast, 2012-2022
126.96.36.199. Revenue (US$ Mn) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
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