Fashion Accessories Market Share, Growth, Size & Trends 2031

Get free sample report Request for Customiztion Buy Now

Home
Consumer Goods
Apparel & Fashion
Fashion Accessories Market Share, Growth, Size & Trends 2031

Fashion Accessories Market Share, Growth, Size & Trends 2031

Segments - Fashion Accessories Market by Types (Apparel, Footwear, Handbags, Watches, Wallets, and Others), End-users (Women, Men, Children, and Unisex), Distribution Channels (Online and Offline), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Debadatta Patel

Fact-checked by : PARTHA PAUL

Editor : Shruti Bhat

Report Description

The global fashion accessories market size was valued at around USD 1.24 trillion in 2022 and is estimated to reach USD 4.19 Trillion by 2031, expanding at a CAGR of around 14.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the growing urbanization and changing fashion trends.

Fashion refers to a form of self-expression, communicated through apparel, footwear, makeup, hairstyle, accessories, and others. Fashion accessories are accessories, which contribute to an outfit and complete, enhance, and complement the look. Fashion accessories include jackets, scarfs, hand fans, handbags, wallets, socks, gloves, suspenders, necklace, bracelets, rings, wallets, umbrellas, boots, shoes, watches, and others.

Fashion accessories aid in demonstrating personality of wearer, highlight some features of wearer such as neck, face, and arms, and boost the confidence of the wearer. Fashion accessories tie the whole look together and complete appearance of the wearer.

Market Trends, Drivers, Restraints, and Opportunities

Growing demand for premium fashion accessories is expected to drive the market during the forecast period.
Rising disposable income among consumers is estimated to boost the market in the coming years.
Growing number of sports and fitness activities spurs the market.
Increasing infrastructure facilities such as fashion accessories stores fuel the market.
Increasing penetration of internet and growing number of online retail platforms are projected to spur the market during the forecast period.
Rising influence of Athleisure across the globe drives the market.
High cost of fashion accessories hampers the growth of the market.
High demand for innovative fashion products offers lucrative growth opportunities for the key market players.

Fashion Accessories Market Scope

The global fashion accessories industry report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Fashion Accessories Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Apparel, Footwear, Handbags, Watches, Wallets, and Others), End-users (Women, Men, Children, and Unisex), and Distribution Channels (Online and Offline)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	LVMH Moet Hennessy Louis Vuitton SE; Tiffany & Co.; Fossil Group; River Light V, L.P. (Tory Burch LLC); Tapestry, Inc.; Adidas AG; Nykaa E-Retail Pvt. Ltd.; Nike, Inc.; Prada S.p.A.; Chanel; Guccio Gucci S.p.A.; Capri Holdings Limited; Essilor; Burberry Group Plc; and Others

Market Segment Insights

Apparel segment drives the market

Based on types, the market is divided into apparel, footwear, handbags, watches, wallets, and others. The apparel segment is expected to boost the market during the forecast period, owing to increasing adoption of changing fashion by consumers. Consumers purchase cloths and clothing accessories based on seasons, trends, fashion, and needs, which aids in the expansion of the apparel segment.

Women segment boosts the market

On the basis of end-users, the market is segregated into women, men, children, and unisex. The women segment is projected to drive the market during the forecast period, due to wide range of branded women apparel, footwear, and other fashion accessories available in various stores. The men segment is anticipated to expand in the coming years, as men are becoming aware regarding their appearance and investing in branded fashion accessories.

Online segment holds a key market share

In terms of distribution channels, the market is bifurcated into online and offline. The online segment is expected to expand at a significant pace during the forecast period, due to major shift in preferences of consumers towards online shopping platforms from offline platforms. Wide range of products available on online platforms, availability of branded fashion accessories, discounts, hassle-free exchanges, and others are key factors, which aid in the expansion of the online segment.

Asia Pacific dominates the market

Based on regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to register a high CAGR during the forecast period, owing to the increasing influence of celebrity endorsements of high brand fashion accessories in the region. Rapid economic growth in countries such as India, Japan, and China and increased number of online and offline stores are key factors, which aid in the expansion of the market in the region.

Segments

The global fashion accessories market has been segmented on the basis of

Types

Apparel
Footwear
Handbags
Watches
Wallets
Others

End-users

Women
Men
Children
Unisex

Distribution Channels

Online
Offline

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

LVMH Moet Hennessy Louis Vuitton SE
Tiffany & Co.
Fossil Group
River Light V, L.P. (Tory Burch LLC)
Tapestry, Inc.
Adidas AG
Nykaa E-Retail Pvt. Ltd.
Nike, Inc.
Prada S.p.A.
Chanel
Guccio Gucci S.p.A.
Capri Holdings Limited
Essilor
Burberry Group Plc
Others

Competitive Landscape

The global fashion accessories market is highly competitive with the presence of key players such as LVMH Moet Hennessy Louis Vuitton SE; Tiffany & Co.; Fossil Group; River Light V, L.P. (Tory Burch LLC); Tapestry, Inc.; Adidas AG; Nykaa E-Retail Pvt. Ltd.; Nike, Inc.; Prada S.p.A.; Chanel; Guccio Gucci S.p.A.; Capri Holdings Limited; Essilor; Burberry Group Plc; and others, who use strategies such as collaborations, partnerships, product launches, acquisitions, and mergers to strengthen their hold on the market.

For example, in January 2021, LVMH Moet Hennessy Louis Vuitton SE acquired Tiffany & Co., which transforms watches and jewelry division of LVMH Moet Hennessy Louis Vuitton SE to complement its 75 distinguished Maisons.

In January 2020, Fossil Group launched a new smartwatch, Hybrid HR, in India, which features call and text previews, real-time weather, heart rate, and others.

Fashion Accessories Market Key Players

Frequently Asked Questions

1. At what CAGR is the global fashion accessories market projected to expand during the forecast period (2022-2030)?

The market is estimated to register CAGR of around 14.5% during the forecast period.

2. What are the types of fashion accessories?

Apparel, footwear, handbags, watches, wallets, and others are the types of fashion accessories.

3. What is fashion?

Fashion refers to a form of self-expression, communicated through apparel, footwear, makeup, hairstyle, accessories, and others.

4. Which region dominates the global fashion accessories market?

Asia Pacific dominates the global fashion accessories market.

5. Who are the key players in the global fashion accessories market?

LVMH Moet Hennessy Louis Vuitton SE; Tiffany & Co.; Fossil Group; River Light V, L.P. (Tory Burch LLC); Tapestry, Inc.; Adidas AG; Nykaa E-Retail Pvt. Ltd.; Nike, Inc.; Prada S.p.A.; Chanel; Guccio Gucci S.p.A.; Capri Holdings Limited; Essilor; Burberry Group Plc; and others are the key players in the market.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fashion 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. Fashion Accessories Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fashion Accessories Market - Supply Chain
  4.5. Global Fashion Accessories Market Forecast
     4.5.1. Fashion Accessories Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fashion Accessories Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Fashion Accessories Market Absolute $ Opportunity
5. Global Fashion Accessories Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Fashion Accessories Market Size and Volume Forecast by Types
     5.3.1. Apparel
     5.3.2. Footwear
     5.3.3. Handbags
     5.3.4. Watches
     5.3.5. Wallets
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Fashion Accessories Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Fashion Accessories Market Size and Volume Forecast by End Users
     6.3.1. Women
     6.3.2. Men
     6.3.3. Children
     6.3.4. Unisex
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Fashion Accessories Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Fashion Accessories Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Fashion Accessories Demand Share Forecast, 2019-2026
8. North America Fashion Accessories Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Fashion Accessories Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Fashion Accessories Market Size and Volume Forecast by Types
     8.4.1. Apparel
     8.4.2. Footwear
     8.4.3. Handbags
     8.4.4. Watches
     8.4.5. Wallets
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Fashion Accessories Market Size and Volume Forecast by End Users
     8.7.1. Women
     8.7.2. Men
     8.7.3. Children
     8.7.4. Unisex
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Fashion Accessories Demand Share Forecast, 2019-2026
9. Latin America Fashion 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
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Fashion Accessories Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Fashion Accessories Market Size and Volume Forecast by Types
     9.4.1. Apparel
     9.4.2. Footwear
     9.4.3. Handbags
     9.4.4. Watches
     9.4.5. Wallets
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Fashion Accessories Market Size and Volume Forecast by End Users
     9.7.1. Women
     9.7.2. Men
     9.7.3. Children
     9.7.4. Unisex
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Fashion Accessories Demand Share Forecast, 2019-2026
10. Europe Fashion 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. Europe Average Pricing Analysis
  10.2. Europe Fashion Accessories Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Fashion Accessories Market Size and Volume Forecast by Types
     10.4.1. Apparel
     10.4.2. Footwear
     10.4.3. Handbags
     10.4.4. Watches
     10.4.5. Wallets
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Fashion Accessories Market Size and Volume Forecast by End Users
     10.7.1. Women
     10.7.2. Men
     10.7.3. Children
     10.7.4. Unisex
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Fashion Accessories Demand Share Forecast, 2019-2026
11. Asia Pacific Fashion 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. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Fashion Accessories Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Fashion Accessories Market Size and Volume Forecast by Types
     11.4.1. Apparel
     11.4.2. Footwear
     11.4.3. Handbags
     11.4.4. Watches
     11.4.5. Wallets
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Fashion Accessories Market Size and Volume Forecast by End Users
     11.7.1. Women
     11.7.2. Men
     11.7.3. Children
     11.7.4. Unisex
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Fashion Accessories Demand Share Forecast, 2019-2026
12. Middle East & Africa Fashion 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. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Fashion Accessories Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Fashion Accessories Market Size and Volume Forecast by Types
     12.4.1. Apparel
     12.4.2. Footwear
     12.4.3. Handbags
     12.4.4. Watches
     12.4.5. Wallets
     12.4.6. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Fashion Accessories Market Size and Volume Forecast by End Users
     12.7.1. Women
     12.7.2. Men
     12.7.3. Children
     12.7.4. Unisex
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Fashion Accessories Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Fashion Accessories Market: Market Share Analysis
  13.2. Fashion Accessories Distributors and Customers
  13.3. Fashion Accessories Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. LVMH Moet Hennessy Louis Vuitton SE
     13.4.2. Tiffany & Co.
     13.4.3. Fossil Group
     13.4.4. River Light V, L.P. (Tory Burch LLC)
     13.4.5. Tapestry, Inc.
     13.4.6. Adidas AG
     13.4.7. Nykaa E-Retail Pvt. Ltd.
     13.4.8. Nike, Inc.
     13.4.9. Prada S.p.A.
     13.4.10. Chanel