The Accessories market 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. This market includes both fashion jewelry and high jewelry of precious materials such as gold, silver, or titanium. Therefore, both non-branded items and brands such as Rolex, Cartier, and Louis Vuitton are covered. Consequently, the differences in price levels are considerable. There are also disparities regarding distribution, as accessories can be bought from exclusive, expensive luxury boutiques, brick-and-mortar multi-label businesses (department stores), vertically integrated clothing companies (H&M, Primark) as well as e-commerce or mail order companies. The Accessories market does not include watch parts or watchbands, non-wearable items or protective bags and cases for electronic devices such as notebooks or cameras.
The global tourism market is growing steadily, outperforming the global economy, with both arrivals and inbound receipts set to grow. The tourism industry fulfills the longing for foreign countries and cultures and is one of the most important economic factors. Low-cost airlines allow shopping trips into international markets and accessories are gladly bought abroad, in order to make the own wardrobe even more individual and more unusual. For the consumer, brands play an important role in the purchase of accessories. However, brand awareness has changed in recent years, especially through social media and bloggers, who play an important role in how the brand is perceived and what target group it addresses.
The Accessories market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Accessories industry.