Revenue in the Accessories market amounts to €537.70bn in 2023. The market is expected to grow annually by 3.72% (CAGR 2023-2026).
The market's largest segment is the segment Watches & Jewelry with a market volume of €365.00bn in 2023.
In global comparison, most revenue is generated in China (€106.90bn in 2023).
In relation to total population figures, per person revenues of €70.00 are generated in 2023.
In the Accessories market, 33.1% of total revenue will be generated through online sales by 2023.
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.