- Press Release -

Rockville, Md. The global apparel accessories market is set to exceed US$ 89.5 Bn by 2022 on moderate growth, according to Fact.MR, even as socio-political uncertainty and economic swings weigh on sales. Rising incomes and an expanding working-class base keep the market advancing, particularly across Asia Pacific.

Women's accessories lead by demographic, economy pricing dominates, and modern trade carries most sales, with Asia Pacific excluding Japan at the forefront.

Demographics, Pricing and Channels

Women's accessories hold more than 44% of revenue and stay dominant through 2022, ahead of men's accessories. By price, economy holds about 39% of revenue and grows at over a 4% CAGR, reflecting a large pool of price-sensitive buyers. Among types, handkerchiefs hold about 14% of revenue and head past US$ 13.2 Bn by 2022, with demand strongest in Asia Pacific. On distribution, modern trade is the largest channel, moving a large bulk of accessories each year.

Asia Pacific excluding Japan stays at the forefront on steady economic growth, an expanding working-class base, ample raw materials and low-cost labour, commanding a considerable share of global revenue.

Income Growth Drives Demand

The market runs on affordability and rising spending power. Yet headwinds are real: counterfeit products are flooding in, fast-fashion brands and online retailers are undercutting franchised outlets, frequent price inflation is slowing value growth, and milder winters have dented demand for woollen scarves, gloves and hats.

Suppliers and Their Playbook

The field brings together global apparel and luxury brands.

• H & M Hennes & Mauritz AB, Kering S.A., NIKE, Inc., Hugo Boss AG, Burberry Group plc, The Gap, Inc., LVMH Moët Hennessy Louis Vuitton S.E., Industria de Diseño Textil, S.A., Adidas AG, and PVH Corp are among the key players in the report.

Reading the Market for Decisions

For brands, growth favours economy-priced women's accessories and strong modern-trade presence. Investors get a large market with steady, income-led demand tempered by counterfeiting and fast fashion. Procurement and retail teams can plan around women's accessories carrying volume, modern trade leading distribution, and Asia Pacific offering the largest opportunity through 2022.

About the Report

Fact.MR's study covers the global apparel accessories market for the 2017 to 2022 forecast period, with segmentation by accessory type, demographics, price range, sales channel and region. It sizes each segment, maps the competitive field, and weighs the consumer forces shaping demand. Further detail is available in the apparel accessories market report.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.