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The global apparel accessories market is predicted to witness a decline in sales in terms of both value and volume due to the influx of counterfeit products and various other factors. Low consumer confidence about products offered in the global apparel accessories market and ongoing economic concerns in some countries could hamper the demand significantly. Moreover, fast fashion companies are expected to pose some threat to established players in the global apparel accessories market. On the other hand, online retailers are challenging the popularity of these players on the back of aggressive pricing strategies.
Fact.MR prophesies the global apparel accessories market to rise at a 4.6% CAGR during the forecast period 2017-2022. Among different types of products offered in the global apparel accessories market, handkerchiefs currently secure a nearly 14.0% share in terms of revenue sales. By the end of the forecast period, their sales could be worth a US$13.2 bn. in the global apparel accessories market. APEJ could be one region that is expected to witness robust sales growth of handkerchiefs in the global apparel accessories market. The Fact.MR report classifies the global apparel accessories market into more segments, viz. hat, gloves, neckties, jewelry, eyewear, scarves, handbags, and belts.
The winter apparel accessories market is prognosticated to face the brunt of low sales of gloves and woolen scarves because of unexpected climatic changes. By demographics, the global apparel accessories market is segregated into men, women, and children. Among these, the women segment could become highly attractive in the global apparel accessories market. This trend is expected to remain as is throughout the course of the forecast period. The men segment could tread upon the heels of the women segment of the global apparel accessories market in terms of share.
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The report offers a wealth of information about the global apparel accessories market on the basis of competition, segmentation, geography, and other important aspects. It sheds light on how different growth factors could positively affect the global apparel accessories market. Readers are provided with useful information about the competitive landscape so that players can devise effective business strategies beforehand. The report is compiled with the use of latest primary and secondary research methodologies. It offers a comprehensive analysis of the global apparel accessories market for readers to get complete understanding of future business opportunities. Vendors can use this information to cement their position in the global apparel accessories market.
Market Definition
Apparel accessories are used as secondary items to enhance the appearance of the wearer’s outfit. Besides beautifying outfits, apparel accessories can complement or grace a special attire. If apparel accessories are to be roughly classified, there could be two main categories, i.e. apparel accessories that are carried and those that are worn. Consumers commonly purchase handbags, belts, gloves, neckties, and jewelry as apparel accessories.
Additional Questions Answered
The report answers critical questions about the global apparel accessories market, which include:
- How will APEJ dominate the global apparel accessories market?
- Why will handkerchiefs remain a highly sought-after product in the coming years?
- Which demographic will create higher demand for apparel accessories?
- What will be the nature of competition in the global apparel accessories market?
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