Market Overview:
The global luxury wallets market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for luxury wallets from men, women and kids type segments. Furthermore, rising adoption of luxury wallets for gifting purpose is also fuelling the growth of this market. Additionally, growing online store and supermarket channel are providing impetus to the global luxury wallets market growth. On basis of type, men type segment is anticipated to hold dominant position in global luxury wallet market throughout forecast period followed by women type and kids type segments respectively. On basis on application, online store segment is projected to witness highest CAGR over next 10 years owing to increasing trend of purchasing goods and services through internet mediums across globe. Whereas supermarket segment held largest share in terms revenue contribution in 2017 and it is projected that it will maintain its dominance throughout forecast period due To increase spending capacity Of consumers for buying luxurious items In developed countries such as U S A And Europe .Regionally North America accounted for largest revenue share In 2017 And Is Expected To Maintain Its Dominance Throughout Forecast Period Due To High Adoption Of Luxury Wallets By Consumers .
Product Definition:
A luxury wallet is a high-end wallet made of expensive materials, such as crocodile skin, ostrich skin, or other exotic animal hides. They often have features not found on standard wallets, such as multiple compartments for credit cards and cash, built-in coin holders, and ID windows. Luxury wallets are usually more expensive than regular wallets but may last longer due to the higher quality materials used in their construction.
Men Type:
Men type is a sub-class of wallets, which are specifically designed to cater to the needs of men. It's primary function is to store cash and other valuables like cards, banknotes, etc. Men type also serves as an excellent gifting option for friends and relatives on various occasions including birthdays, anniversaries and others.
Women Type:
Women type is a specific design of wallets, which are specifically designed to fit the female body. The main objective of making these products is to provide convenience and safety at the same time. These products have been gaining increasing acceptance among women all over the world as they not only offer safety but also add an aesthetic appeal to personal grooming along with it.
Application Insights:
The online store application segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. This is attributed to increasing internet penetration, high disposable income, and growing spending power of consumers in emerging economies such as China, India, Brazil etc. The direct store application segment is expected to witness significant growth over the forecast period owing to rising adoption of luxury wallets by prominent retail brands including Gucci, Prada etc.
The supermarket application segment was valued at USD 1.5 billion in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 globally due largely on account of increasing adoption by supermarkets across various regions including North America; Europe; Asia Pacific; Latin America; Middle East & Africa). Luxury retailers are increasingly using digital technologies such as mobile payments & e-commerce coupled with face-to-face transactions for customer engagement which further aids product sales (through personal recommendations) thereby driving demand globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030. This growth can be attributed to the presence of a large number of luxury brands and high purchasing power of consumers in this region. Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income, rising popularity of online shopping, and expanding e-commerce industry in developing countries such as China and India. Furthermore, growing middle-class population along with rapid urbanization will drive demand for consumer goods including luxury products which will further boost regional product demand over the forecast period.
Europe was valued at USD X billion in 2017 and is expected to register considerable gains during the forecast years on account of growing awareness regarding personal finance among individuals living alone as well as those who are married but do not have children thus creating a need for investment gold coins or cash equivalents that serve dual purposes i.e.
Growth Factors:
- Increasing disposable income of consumers: The growth of the luxury wallets market is directly proportional to the increase in disposable income of consumers. With rising incomes, people are increasingly able to afford luxury products such as wallets.
- Changing lifestyle and fashion trends: Another key growth driver for the luxury wallets market is changing lifestyle and fashion trends. Consumers are now more aware of designer brands and are looking for unique products that can enhance their style statement. This has led to an increase in demand for luxury wallets.
- Growing popularity of online shopping: The growing popularity of online shopping has also helped boost the sales of luxury wallets. Online retailers offer a wide range of options to choose from, making it easier for consumers to find what they are looking for without having to go from store to store physically.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Wallets Market Research Report
By Type
Men Type, Women Type, Kids Type
By Application
Online Store, Supermarket, Direct Store
By Companies
Kering SA, Hermes International S.A, Versace, Prada, Dolce and Gabbana, Burberry Group Inc, LVMH Moet Hennessy Louis Vuitton S.E, Giorgio Armani S.P.A, Ralph Lauren Corporation, Ermenegildo Zegna, Kiton, Hugo Boss A.G, Channel, Kering, Levi Strauss Co., GIVI Holding
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Wallets Market Report Segments:
The global Luxury Wallets market is segmented on the basis of:
Types
Men Type, Women Type, Kids Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Store, Supermarket, Direct Store
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kering SA
- Hermes International S.A
- Versace
- Prada
- Dolce and Gabbana
- Burberry Group Inc
- LVMH Moet Hennessy Louis Vuitton S.E
- Giorgio Armani S.P.A
- Ralph Lauren Corporation
- Ermenegildo Zegna
- Kiton
- Hugo Boss A.G
- Channel
- Kering
- Levi Strauss Co.
- GIVI Holding
Highlights of The Luxury Wallets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Men Type
- Women Type
- Kids Type
- By Application:
- Online Store
- Supermarket
- Direct Store
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Wallets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A luxury wallet is a type of wallet that is typically made from high-quality materials, has a sleek design, and features special features that make it stand out from the competition. Some common luxury wallet features include RFID blocking technology, extra-thick card slots, and built-in security measures such as biometric scanning. Luxury wallets can be expensive to purchase outright, but many brands offer discounts or free gifts when you buy one of their products.
Some of the major players in the luxury wallets market are Kering SA, Hermes International S.A, Versace, Prada, Dolce and Gabbana, Burberry Group Inc, LVMH Moet Hennessy Louis Vuitton S.E, Giorgio Armani S.P.A, Ralph Lauren Corporation, Ermenegildo Zegna, Kiton, Hugo Boss A.G, Channel, Kering, Levi Strauss Co., GIVI Holding.
The luxury wallets market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury Wallets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Luxury Wallets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Luxury Wallets Market - Supply Chain
4.5. Global Luxury Wallets Market Forecast
4.5.1. Luxury Wallets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luxury Wallets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luxury Wallets Market Absolute $ Opportunity
5. Global Luxury Wallets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Luxury Wallets Market Size and Volume Forecast by Type
5.3.1. Men Type
5.3.2. Women Type
5.3.3. Kids Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luxury Wallets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Luxury Wallets Market Size and Volume Forecast by Application
6.3.1. Online Store
6.3.2. Supermarket
6.3.3. Direct Store
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luxury Wallets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Luxury Wallets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Luxury Wallets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Luxury Wallets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Luxury Wallets Demand Share Forecast, 2019-2026
9. North America Luxury Wallets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Luxury Wallets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Luxury Wallets Market Size and Volume Forecast by Application
9.4.1. Online Store
9.4.2. Supermarket
9.4.3. Direct Store
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luxury Wallets Market Size and Volume Forecast by Type
9.7.1. Men Type
9.7.2. Women Type
9.7.3. Kids Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Luxury Wallets Demand Share Forecast, 2019-2026
10. Latin America Luxury Wallets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Luxury Wallets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Luxury Wallets Market Size and Volume Forecast by Application
10.4.1. Online Store
10.4.2. Supermarket
10.4.3. Direct Store
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luxury Wallets Market Size and Volume Forecast by Type
10.7.1. Men Type
10.7.2. Women Type
10.7.3. Kids Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Luxury Wallets Demand Share Forecast, 2019-2026
11. Europe Luxury Wallets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Luxury Wallets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Luxury Wallets Market Size and Volume Forecast by Application
11.4.1. Online Store
11.4.2. Supermarket
11.4.3. Direct Store
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luxury Wallets Market Size and Volume Forecast by Type
11.7.1. Men Type
11.7.2. Women Type
11.7.3. Kids Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Luxury Wallets Demand Share, 2019-2026
12. Asia Pacific Luxury Wallets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Luxury Wallets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Luxury Wallets Market Size and Volume Forecast by Application
12.4.1. Online Store
12.4.2. Supermarket
12.4.3. Direct Store
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luxury Wallets Market Size and Volume Forecast by Type
12.7.1. Men Type
12.7.2. Women Type
12.7.3. Kids Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Luxury Wallets Demand Share, 2019-2026
13. Middle East & Africa Luxury Wallets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Luxury Wallets Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Luxury Wallets Market Size and Volume Forecast by Application
13.4.1. Online Store
13.4.2. Supermarket
13.4.3. Direct Store
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luxury Wallets Market Size and Volume Forecast by Type
13.7.1. Men Type
13.7.2. Women Type
13.7.3. Kids Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Luxury Wallets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luxury Wallets Market: Market Share Analysis
14.2. Luxury Wallets Distributors and Customers
14.3. Luxury Wallets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kering SA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hermes International S.A
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Versace
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Prada
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dolce and Gabbana
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Burberry Group Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LVMH Moet Hennessy Louis Vuitton S.E
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Giorgio Armani S.P.A
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ralph Lauren Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ermenegildo Zegna
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kiton
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hugo Boss A.G
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Channel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kering
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Levi Strauss Co.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. GIVI Holding
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
