Global apparel accessories market is set to register a moderate CAGR of 4.6% during 2017 to 2022

Demand for apparel accessories will remain moderate over the next five years. Socio-economic uncertainties coupled with the ever increasing competition is expected to influence the global apparel accessories market in the forthcoming years. The report, compiled by Fact.MR, provides in-depth analysis of the global apparel accessories market for the forecast period 2017-2022, and offers key insights about future market direction.

The scope of Fact.MR’s report is to analyze the global apparel accessories market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Apparel accessories manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to apparel accessories.

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Global Apparel Accessories Market: Key Projections

1. Asia-Pacific excluding Japan (APEJ) is anticipated to remain at the forefront of the global market for apparel accessories throughout the forecast period.

2. Steady rise of the economy, an expanding base of working class population, availability of ample amount of raw materials and cost-friendly labor resource are factors that are playing important role in driving the growth of apparel accessories market in APEJ.

3. Over the assessment period, the region is anticipated to command for a considerable revenue share of the global market as well as reflect a steady CAGR.

4. On the basis apparel accessory types, demand for handkerchiefs is expect to gain traction in the near future. In terms of revenue, sales of handkerchief currently command for nearly 14% share of the global market.

5. By the end of 2022, over US$ 13,200 Mn worth handkerchiefs are expected to be sold globally. Moreover, handkerchiefs sales is projected to remain relatively higher in APEJ.

6. On the basis of demographics, the women apparel accessories segment is expected to remain highly attractive between 2017 and 2022. Currently, the segment represents more than 44% revenue share of the global market and is expected to remain dominant throughout the forecast period, followed by the men apparel accessories segment.

7. By price-based, demand for apparel accessories with economy pricing is expected to remain considerably high. Currently, the economy apparel accessories segment represents nearly 39% revenue share of the market. The segment is expected to reflect a CAGR of over 4% during the forecast period.

8. Modern trade is expected to remain the largest sales channel for apparel accessories over 2022. Each year, a large bulk of apparel accessories are sold through modern trade.

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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.

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.

Competition Tracking

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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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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This release was published on openPR.