Market Overview:
The global personal accessories 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 goods and general consumption across the globe. Additionally, factors such as rising disposable income, changing lifestyle and fashion trends are also contributing to the growth of this market. The jewelry segment is anticipated to hold a dominant position in the global personal accessories market during the forecast period 2018-2030. This can be attributed to factors such as increasing demand for diamond jewelry, rising awareness about branded jewelry and growing popularity of customized jewelry among consumers across different regions globally. The bags segment is projected to register highest CAGR during the forecast period owing to increase in purchasing power parity (PPP) and rise in per capita income coupled with changing lifestyle trends among consumers worldwide.
Product Definition:
A personal accessory is an article of clothing or other item worn by a person to enhance their appearance. Accessories may be either functional or decorative, and are often associated with a particular lifestyle or fashion trend. The importance of personal accessories varies from culture to culture, and from individual to individual. In some cases, they may be seen as essential for completing an outfit, while in others they may be seen as purely decorative.
Jewelry:
Jewelry is an easy and convenient way to enhance the appearance as well as to add value to one's personality. The global jewelry market has witnessed significant growth over the past few years owing to changing fashion trends, increasing disposable income, and growing popularity of jewelry among women. In addition, men are also showing a shift in their preference towards wearing rings, necklaces etc., which is further fueling up the demand for this market.
Bags:
Bags and its usage in the personal accessories market is a part of fashion industry which deals with the designing, manufacturing, marketing and distribution of handbags. Bags are used for storing different products such as cosmetics, electronic devices or files. The demand for bags has increased over the past few years due to growing working population coupled with increasing disposable income among consumers especially in emerging economies like India and China.
Application Insights:
The general consumption category held the largest share of around 55.0% in 2017. The growth can be attributed to increasing product usage across all age groups and genders for day-to-day activities such as shopping, social occasions, business travels and personal appearances. Accessories are increasingly being viewed as a fashion statement that go beyond the functional purpose of protecting expensive smartphones or watches from accidental falls or scratches while travelling or hanging out with friends at cafes and bars. They have become an essential part of anyones wardrobe along with their formal wear for work, parties & events etc., which is driving the demand further in this segment.
The moderate consumption category is expected to witness significant growth over the forecast period owing to rising interest among consumers towards luxury products especially handbags and wallets that reflect ones individuality through choice of color, material & texture combination etc.
Regional Analysis:
Asia Pacific dominated the global personal accessories market in 2017. This is attributed to increasing purchasing power, growing working population and rapid urbanization. Furthermore, rising demand for luxury goods along with a high preference for branded jewelry are expected to drive the regional market over the forecast period.
North America is anticipated to witness significant growth over the forecast period owing to an increase in spending on fashion accessories by women aged 25 years and above coupled with a rise in consumer awareness regarding personal grooming products such as watches, bags and other Accessories (PBA). Moreover, an increase in travel activities across U.S., Canada and Mexico has led consumers towards buying various types of PBA including luggage sets, backpacks etc., thereby driving regional growth over the next eight years.
Growth Factors:
- Increasing disposable income of consumers: The growth in the personal accessories market is mainly attributed to the increasing disposable income of consumers, who are now able to spend more on discretionary items such as personal accessories.
- Changing lifestyle and fashion trends: Another key factor driving the growth of this market is the changing lifestyle and fashion trends, which are encouraging people to invest in new and trendy personal accessories products.
- Growing demand for luxury products: There is a growing demand for luxury personal accessories products among affluent consumers, which is contributing to the overall growth of this market.
- Rising popularity of online shopping: The rising popularity of online shopping has led to an increase in sales of personal accessories products through e-commerce channels, thereby boosting this market’s growth rate further. 5) Innovative product offerings by vendors: Vendors are introducing innovative product offerings in order to cater to the evolving needs and preferences of consumers, thus helping fuel the expansion of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Personal Accessories Market Research Report
By Type
Jewelry, Bags, Watches, Other
By Application
General Consumption, Moderate Consumption, Luxury Goods
By Companies
LVMH, Chanel, Rolex, Coach, Kering, Prada Group, Ralph Lauren, Pandora, Dolce & Gabbana, Burberry Group, Giorgio Armani, Tiffany & Company, Compagnie Financiere Richemont, Titan Company, Tory Burch, Giorgio Armani, Hugo Boss, Kalyan Jewellers
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Personal Accessories Market Report Segments:
The global Personal Accessories market is segmented on the basis of:
Types
Jewelry, Bags, Watches, Other
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
General Consumption, Moderate Consumption, Luxury Goods
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:
- LVMH
- Chanel
- Rolex
- Coach
- Kering
- Prada Group
- Ralph Lauren
- Pandora
- Dolce & Gabbana
- Burberry Group
- Giorgio Armani
- Tiffany & Company
- Compagnie Financiere Richemont
- Titan Company
- Tory Burch
- Giorgio Armani
- Hugo Boss
- Kalyan Jewellers
Highlights of The Personal Accessories 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:
- Jewelry
- Bags
- Watches
- Other
- By Application:
- General Consumption
- Moderate Consumption
- Luxury Goods
- 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 Personal Accessories 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
- Business Expansion Strategies
- 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?
Personal Accessories are items that are not essential for everyday life, but make the individual look and feel better. These items can include hats, sunglasses, scarves, and jewelry.
Some of the major companies in the personal accessories market are LVMH, Chanel, Rolex, Coach, Kering, Prada Group, Ralph Lauren, Pandora, Dolce & Gabbana, Burberry Group, Giorgio Armani, Tiffany & Company, Compagnie Financiere Richemont, Titan Company, Tory Burch, Giorgio Armani, Hugo Boss, Kalyan Jewellers.
The personal accessories market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Personal Accessories 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. Personal Accessories Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Personal Accessories Market - Supply Chain
4.5. Global Personal Accessories Market Forecast
4.5.1. Personal Accessories Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Personal Accessories Market Size (000 Units) and Y-o-Y Growth
4.5.3. Personal Accessories Market Absolute $ Opportunity
5. Global Personal Accessories 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. Personal Accessories Market Size and Volume Forecast by Type
5.3.1. Jewelry
5.3.2. Bags
5.3.3. Watches
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Personal Accessories 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. Personal Accessories Market Size and Volume Forecast by Application
6.3.1. General Consumption
6.3.2. Moderate Consumption
6.3.3. Luxury Goods
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Personal Accessories 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. Personal Accessories 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 Personal Accessories 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. Personal Accessories 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 Personal Accessories Demand Share Forecast, 2019-2026
9. North America Personal Accessories 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 Personal Accessories 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 Personal Accessories Market Size and Volume Forecast by Application
9.4.1. General Consumption
9.4.2. Moderate Consumption
9.4.3. Luxury Goods
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Personal Accessories Market Size and Volume Forecast by Type
9.7.1. Jewelry
9.7.2. Bags
9.7.3. Watches
9.7.4. Other
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 Personal Accessories Demand Share Forecast, 2019-2026
10. Latin America Personal Accessories 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 Personal Accessories 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 Personal Accessories Market Size and Volume Forecast by Application
10.4.1. General Consumption
10.4.2. Moderate Consumption
10.4.3. Luxury Goods
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Personal Accessories Market Size and Volume Forecast by Type
10.7.1. Jewelry
10.7.2. Bags
10.7.3. Watches
10.7.4. Other
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 Personal Accessories Demand Share Forecast, 2019-2026
11. Europe Personal Accessories 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 Personal Accessories 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 Personal Accessories Market Size and Volume Forecast by Application
11.4.1. General Consumption
11.4.2. Moderate Consumption
11.4.3. Luxury Goods
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Personal Accessories Market Size and Volume Forecast by Type
11.7.1. Jewelry
11.7.2. Bags
11.7.3. Watches
11.7.4. Other
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 Personal Accessories Demand Share, 2019-2026
12. Asia Pacific Personal Accessories 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 Personal Accessories 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 Personal Accessories Market Size and Volume Forecast by Application
12.4.1. General Consumption
12.4.2. Moderate Consumption
12.4.3. Luxury Goods
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Personal Accessories Market Size and Volume Forecast by Type
12.7.1. Jewelry
12.7.2. Bags
12.7.3. Watches
12.7.4. Other
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 Personal Accessories Demand Share, 2019-2026
13. Middle East & Africa Personal Accessories 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 Personal Accessories 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 Personal Accessories Market Size and Volume Forecast by Application
13.4.1. General Consumption
13.4.2. Moderate Consumption
13.4.3. Luxury Goods
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Personal Accessories Market Size and Volume Forecast by Type
13.7.1. Jewelry
13.7.2. Bags
13.7.3. Watches
13.7.4. Other
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 Personal Accessories Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Personal Accessories Market: Market Share Analysis
14.2. Personal Accessories Distributors and Customers
14.3. Personal Accessories Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LVMH
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chanel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rolex
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Coach
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Prada Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ralph Lauren
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pandora
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dolce & Gabbana
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Burberry Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Giorgio Armani
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tiffany & Company
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Compagnie Financiere Richemont
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Titan Company
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tory Burch
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Giorgio Armani
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hugo Boss
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Kalyan Jewellers
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
