Accessories, which include personal, clothing or fashion accessories, are the items used to complement the whole outfit. The global accessories market is fragmented due to availability of various product types such as bags and purses, caps, hats, footwear, ties, belts, wallets, handkerchiefs and watches. Demand for accessories is driven by factors such as consumer becoming more fashion savvy, rise in purchasing power and improvement in overall standard of living.
Handbags, being the women’s top choice fashion product, is one of the leading segments in the global accessories market. The handbags market is segmented into satchel, tote bag, bucket bag, backpack, athletic bag, clutch, hobo bag and baguette bag. Global handbags market is highly competitive due to presence of large number of stores opened by individual designers. Premier handbag companies are selling luxury and private brands along with their own designer pieces. While designer handbags are the highest sold items, economical and budgeted products are also popular in the market.
The global jewellery market is witnessing healthy growth due to changing lifestyles. The global market is still local in nature as the top large jewellery brands collectively occupy only a small fraction of the market. These major brands are focusing on creating awareness about the organized retail jewellery market among consumers through marketing and advertising campaigns. Some of the major products manufactured by the jewellery industry are earrings, necklaces, bangles, bracelets, pendants, finger rings, among others.
Other leading products in the global accessories market are watches, fashion eyewear and wallets. The watch market is dominated by few leading players but a strong competition exists between them. The market is driven by innovative services and pricing strategies offered by the major companies. The fashion eyewear market has been benefitting by growing customer awareness pertaining to risks associated with UV exposure. Wallets are convenient and comfortable to carry cash, cards, photographs and identification documents apart from being considered as a status symbol.
ASDReport.com offers an extensive repository of reports on accessories market. The reports cover various product lines related to accessories market like clothing accessory, eyewear, wrist watch and much more.