Global Luxury Accessories Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026

The report on the Global Luxury Accessories Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2019 to 2026. The market is portioned into various segments with an in-depth outlook of the competitive outlook and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.

Luxury accessories market has significant growth in the further years. As the watches and sunglasses have become important part of life, luxury accessories market shows a healthy growth with slower pace but more sustainable and significant. Luxury accessories market is mostly driven by tourist spending. Luxury accessories captured up to 1/3rd of the market i.e. more than apparel and hard luxury (jewelry and high-end watches) which are the next two largest categories in luxury goods.
  
Drivers

• Continuous product innovations and creative designs in luxury watches, sunglasses and others.
• Online stores/shopping who offer low prices comparatively.
• Manufacturers are focusing on reduced pricing and localization strategy in second tier and third tier cities too.
• Store rationalization

 
Restraints

• Counterfeit products by low quality manufacturers is the biggest threat for big players in luxury accessories industry in countries like China and India.
• Threat from unrecognized manufacturers that contribute up to 3/4th of share to luxury accessories market.

 
Report includes a detailed analysis on value chain in order to provide a holistic view of the luxury accessories market. Value chain analysis comprises detailed evaluation of the roles of various players involved in the luxury accessories industry, from raw material suppliers to end-users.
 
Luxury accessories market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.
 
The luxury accessories market has further been segmented based on types such as luxury watches and luxury accessories (sunglasses, leather goods, jewelry, cufflinks, lighters, bags/wallets and others). The study provides forecast and estimates market for each type in terms of revenue and volume during the forecast period from 2019 to 2026. Each type has been further analyzed based on regional and country levels from 2020 to 2026 in terms of volume and revenue.
 
In terms of geography, the luxury accessories market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
 
The report also offers a competitive landscape of the overall market with company profiles of players such as:

• Hublot
• Rolex SA
• Rado
• Ray Ban
• John Jacobs
• Gucci
• Cartier
• Michael Kors Holdings Ltd.
• TAG Heuer S.A.
• Compagnie Financière Richemont SA
• Swatch group
• International Watch Co.
• Nautica
• Fossil Group, Inc.
• Patek Philippe & Co.
• Louis Vitton
• Louis Philippe
• Hermès International S.A.
• Titan Company Ltd.

A detailed description of the each company has been included and includes information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of market players. The report also provides Luxury accessories market's Mergers/acquisitions, Partnerships, Collaborations, New product lunches, new product developments and other industry developments.
 
SEGMENTATIONS IN REPORT: 
Luxury Accessories Market by Type:

• Luxury Watches
• Other Luxury Accessories
  • Sun Glasses
  • Leather Goods
  • Jewelry
  • Cufflinks
  • Lighters
  • Bags/Wallets
  • Others

 
Luxury Accessories Market by Geography:

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East And Africa

The Global Luxury Accessories Market has been exhibited in detail in the following chapters -
Chapter 1 Luxury Accessories Market Preface 
Chapter 2 Executive Summary
Chapter 3 Luxury Accessories Industry Analysis
Chapter 4 Luxury Accessories Market Value Chain Analysis
Chapter 5 Luxury Accessories Market Analysis By Type
Chapter 6 Luxury Accessories Market Analysis By Geography
Chapter 7 Competitive Landscape Of Luxury Accessories Companies
Chapter 8 Company Profiles Of Luxury Accessories Industry

METHODOLOGY: 
Combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific Details on methodology used for this report can be provided on demand.