Accessories Report 2020

Statista Consumer Market Outlook

Accessories Report 2020 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 Watches market. In 2019, the worldwide Accessories market realized a total revenue of US$414 billion. At US$1,019 per capita, people of Hong Kong spent the largest share on Accessories, followed by Singapore and Switzerland. In this market report, growth potentials, market drivers, consumer insights, key players, and future developments are discussed from an international perspective.

What's included?
  • Market Overview and all relevant sales figures
  • Consumer insights and trends
  • Sales channels
  • Key players - LVMH, Richemont, Swatch Group, Samsonite
  • Segment deep dives
  • KPI comparison: Sales and growth rates
  • Country and regional comparison
  • Market forecasts
  • COVID-19 impact

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 Outlook 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 2010 to 2023, we furthermore give detailed insights into current trends, key players and important background information on the Accessories market.

In general, the Accessories market is expected to grow at a CAGR of 1.8% between 2010 and 2023. Both segments within the Accessories market are growing by more than 5% between 2019 and 2023. However, the Luggage & Bags segment shows the highest growth potential and is expected to increase by 7.3%, reaching US$190 billion in 2023.

Note: CAGR: Compound Annual Growth Rate / average growth rate per year

  • Language: English
  • Released: July 2020
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