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Market Insights report
Like the apparel market, the Accessories market is developing dynamically. It comprises wearable, fashionable accessories that complement a person's outfit such as Watches, Jewelry, Suitcases, Bags, Wallets, Handbags and other containers for private end consumers. The Accessories market consists of two segments: Watches & Jewelry and Luggage & Bags. The largest share is generated by the Watches & Jewelry segment, in particular due to sales in the Jewelry market. The Accessories market worldwide generated a revenue of US$636.3bn in 2023. It is expected to grow at an annual rate of 4.38% (CAGR 2024-2029).
In this market report, growth potentials, market drivers, consumer insights, key players, and future developments are discussed from an international perspective.
What's included?
The Accessories market is, like the Apparel market, rapidly evolving. It comprises wearable, fashionable accessories that complement a person's outfit such as watches, jewelry, suitcases, bags, wallets and handbags for private end consumers. The market is divided into two segments: Watches & Jewelry and Luggage & Bags. This report from the series of Consumer Market Insights reports gives an overview of the Accessories market from an international perspective. Besides all relevant market figures like total and per capita revenues for the years from 2018 to 2029, we furthermore give detailed insights into current trends, key players and important background information on the Accessories market.
The Accessories market worldwide generated a revenue of US$636.3bn in 2023. It is expected to grow at an annual rate of 4.38% (CAGR 2024-2029).When compared globally, in China leads the way in revenue generation, with US$147bn in 2023.
Note: CAGR: Compound Annual Growth Rate / average growth rate per year
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Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)