Global Belts and Wallets Market is valued at approximately USD 20.26 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.60% over the forecast period 2022-2029. The market is primarily pushed by the expanding fashion trend and the global corporate population's increasing use of belts and wallets. Belts and purses have become more important as a fashion statement, especially among millennials. Additionally, it is anticipated that there will be plenty of chances for market development over the course of the forecast period due to the young generation's growing demand for leather belts and wallets.
A number of opportunities for market expansion are also expected as a result of the rising demand for belts and wallets among working women worldwide. According to World Bank projections, women will make up 39.3% of the global labor population in 2021. Additionally, it is anticipated that the population's rising demand for fashionable wallets and belts will support market growth during the forecast period. Moreover, the rising advancement of RFID-based wallets and growing initiatives by the key market players is creating a lucrative growth opportunity for the market over the forecast period 2022-2029. However, the high cost of Belts And Wallets stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Belts And Wallets Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2021, the belt and wallet industry in Asia Pacific will account for a lion's share of global sales. China and India both have sizable working populations, which contributed to the expansion of the regional industry. The Asia Pacific belts and wallets market, which is dominated by nations such as China and India, is propelled by an increase in demand for high-end and prestige goods in these nations. China has long been the world's top producer of finished leather goods, such as belts and purses. Over the forecast timeframe, North America is expected to grow with the fastest CAGR. The market for belts and wallets in North America is anticipated to be driven by the region's growing online shopping activity and the rising appeal of leather goods belts. Due to the increasing demand from emerging markets, including consumer spending in the United States and Canada, the leather belts and wallets industry has experienced significant growth in recent years.
Major market player included in this report are:
- Tommy Hilfiger Licensing, LLC (PVH)
- Aditya Birla Group
- PUMA SE
- Titan Company Limited
- Marshall Wallet (ABC INTERNATIONAL)
- LEVI STRAUSS & CO.
- Guccio Gucci S.p.A. (KERING)
- Burberry PLC
- Diesel Fashion India Reliance Pvt.Ltd
- Ralph Lauren Corp.
Recent Developments in the Market:
- In March 2020, Ekster has launched a wallet with quick access to cards, RFID protection, and crowd-GPS monitoring, all wrapped in leather that has received environmental certification.
Global Belts and Wallets Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Product, Material, End-use, Distribution Channel, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product:
By Material:
By End-use:
By Distribution Channel:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Belts And Wallets Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Belts And Wallets Market, by Product, 2019-2029 (USD Billion)
- 1.2.3. Belts And Wallets Market, by Material, 2019-2029 (USD Billion)
- 1.2.4. Belts And Wallets Market, by End-use, 2019-2029 (USD Billion)
- 1.2.5. Belts And Wallets Market, by Distribution Channel, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Belts And Wallets Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Belts And Wallets Market Dynamics
- 3.1. Belts And Wallets Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing Fashion Industry
- 3.1.1.2. Growing corporate population
- 3.1.1.3. Rising demand for leather goods
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Belts And Wallets
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising advancement of RFID-based wallets
- 3.1.3.2. Rising initiatives by the key market players
Chapter 4. Global Belts And Wallets Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Belts And Wallets Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Belts And Wallets Market by Product, Performance - Potential Analysis
- 6.3. Global Belts And Wallets Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
- 6.4. Belts And Wallets Market, Sub Segment Analysis
- 6.4.1. Wallets
- 6.4.2. Belts
Chapter 7. Global Belts And Wallets Market, by Material
- 7.1. Market Snapshot
- 7.2. Global Belts And Wallets Market by Material, Performance - Potential Analysis
- 7.3. Global Belts And Wallets Market Estimates & Forecasts by Material 2019-2029 (USD Billion)
- 7.4. Belts And Wallets Market, Sub Segment Analysis
- 7.4.1. Leather
- 7.4.2. Non-Leather
Chapter 8. Global Belts And Wallets Market, by End-use
- 8.1. Market Snapshot
- 8.2. Global Belts And Wallets Market by End-use, Performance - Potential Analysis
- 8.3. Global Belts And Wallets Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
- 8.4. Belts And Wallets Market, Sub Segment Analysis
Chapter 9. Global Belts And Wallets Market, by Distribution Channel
- 9.1. Market Snapshot
- 9.2. Global Belts And Wallets Market by Distribution Channel, Performance - Potential Analysis
- 9.3. Global Belts And Wallets Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
- 9.4. Belts And Wallets Market, Sub Segment Analysis
- 9.4.1. Online
- 9.4.2. Offline
Chapter 10. Global Belts And Wallets Market, Regional Analysis
- 10.1. Belts And Wallets Market, Regional Market Snapshot
- 10.2. North America Belts And Wallets Market
- 10.2.1. U.S. Belts And Wallets Market
- 10.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Material breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. End-use breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. Distribution Channel breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Belts And Wallets Market
- 10.3. Europe Belts And Wallets Market Snapshot
- 10.3.1. U.K. Belts And Wallets Market
- 10.3.2. Germany Belts And Wallets Market
- 10.3.3. France Belts And Wallets Market
- 10.3.4. Spain Belts And Wallets Market
- 10.3.5. Italy Belts And Wallets Market
- 10.3.6. Rest of Europe Belts And Wallets Market
- 10.4. Asia-Pacific Belts And Wallets Market Snapshot
- 10.4.1. China Belts And Wallets Market
- 10.4.2. India Belts And Wallets Market
- 10.4.3. Japan Belts And Wallets Market
- 10.4.4. Australia Belts And Wallets Market
- 10.4.5. South Korea Belts And Wallets Market
- 10.4.6. Rest of Asia Pacific Belts And Wallets Market
- 10.5. Latin America Belts And Wallets Market Snapshot
- 10.5.1. Brazil Belts And Wallets Market
- 10.5.2. Mexico Belts And Wallets Market
- 10.6. Rest of The World Belts And Wallets Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Tommy Hilfiger licensing, LLC (PVH)
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Aditya Birla Group
- 11.2.3. PUMA SE
- 11.2.4. Titan Company Limited
- 11.2.5. Marshall Wallet (ABC INTERNATIONAL)
- 11.2.6. LEVI STRAUSS & CO.
- 11.2.7. Guccio Gucci S.p.A. (KERING)
- 11.2.8. Burberry PLC
- 11.2.9. Diesel Fashion India Reliance Pvt.Ltd
- 11.2.10. Ralph Lauren Corp.
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption