Luxury Accessories Market Size, Share, Trends, Growth and Forecasts 2014 to 2021
The Luxury Accessories Market Research Report published by DecisionDatabases.com provides industry analysis and evaluation of the current and prospective market size, share, trend, growth and forecast during the study period (2014–2021).
Luxury accessories market has significant growth in the further years. As the watches and sunglasses have become important part of life, luxury accessories market shows a healthy growth with slower pace but more sustainable and significant. Luxury accessories market is mostly driven by tourist spending. Luxury accessories captured up to 1/3rd of the market i.e. more than apparel and hard luxury (jewelry and high-end watches) which are the next two largest categories in luxury goods.
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This report examines the global luxury accessories market and provides information regarding the revenue (USD Million) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
A. Drivers :
– Continuous product innovations and creative designs in luxury watches, sunglasses and others.
– Online stores/shopping who offer low prices comparatively.
– Manufacturers are focusing on reduced pricing and localization strategy in second tier and third tier cities too.
– Store rationalization
B. Restraints :
– Counterfeit products by low quality manufacturers is the biggest threat for big players in luxury accessories industry in countries like China and India.
– Threat from unrecognized manufacturers that contribute up to 3/4th of share to luxury accessories market.
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In terms of geography, the luxury accessories market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
C. Major player assessed in the report is :
– Rolex SA
– Ray Ban
– John Jacobs
– Michael Kors Holdings Ltd.
– TAG Heuer S.A.
– Compagnie Financière Richemont SA
– Swatch group
– International Watch Co.
– Fossil Group, Inc.
– Patek Philippe & Co.
Report includes a detailed analysis on value chain in order to provide a holistic view of the luxury accessories market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the luxury accessories industry, from raw material suppliers to end-users.
Luxury accessories market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.
D. Major Table of Contents :
1.INTRODUCTION TO THE LUXURY ACCESSORIES MARKET
3.MARKET ANALYSIS OF LUXURY ACCESSORIES
4.LUXURY ACCESSORIES MARKET ANALYSIS BY TYPE :
– Luxury Accessories
– Sun Glasses
– Leather Goods
– Luxury Watches
5.LUXURY ACCESSORIES MARKET ANALYSIS BY REGION
6.COMPETITIVE LANDSCAPE OF LUXURY ACCESSORIES COMPANIES
7.COMPANY PROFILES OF LUXURY ACCESSORIES INDUSTRY
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