Belts And Wallets Market Size, Share & Trends Analysis Report By Product (Wallets, Belts), By Material (Leather, Non-Leather) By End-User, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

Belts And Wallets Market Size, Share & Trends Analysis Report By Product (Wallets, Belts), By Material (Leather, Non-Leather) By End-User, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030


Belts And Wallets Market Growth & Trends


The global belts and wallets market size is anticipated to reach USD 39.24 billion by 2030, expanding at a CAGR of 7.6% from 2023 to 2030, according to a new report by Grand View Research, Inc., The primary drivers of market expansion are the growing working population's desire for belts and wallets, rising consumer purchasing power, and expanding belt and wallet fashion trends.

The COVID-19 pandemic has had a negative effect on the global belt and wallet business. Belt and wallet sales from offline channels have constantly decreased as a result of store closures brought on by lockdown procedures. Due to limitations, government regulations, and lockdown circumstances, which required customers to stay at home to prevent an increase in the transmission of the disease, physical outlets were primarily negatively impacted.

Manufacturers can focus on the profitable market of design innovation to enhance their brand's reputation. In terms of personalization, size, color, and material quality, belts, and wallets provide a wide range of opportunities for product distinction. Design innovation thus presents appealing economic potential. Manufacturers believe that the rising popularity of personalized belts and wallets will present them with further opportunities to increase their market share.

In 2022, the offline distribution channels dominated the market and generated 72.0% of total revenue. A wide selection of goods, appealing promotions, and discounts are just a few of the major tactics these channels utilize to boost sales and foot traffic in any store. Customers also regularly enter a business to physically inspect the products to determine how they were manufactured, how useful they are, and what makes them unique since these physical inspections improve their confidence in making a purchase.

In 2022, Asia Pacific accounted for 44.2% of worldwide revenue and dominated the belt and wallet market. The market is expanding due to the large working population in China and India who use belts and wallets. Also, the growing disposable income in emerging economies and expanding brand recognition of products like belts and wallets offer the sector plenty of room to grow.

Belts And Wallets Market Report Highlights

  • By product, belts led the market and accounted for a 58.1% share of the global revenue in 2022. The rising popularity of belts among the working population further contributed to the market growth.
  • By distribution channel, the online segment is expected to witness the fastest growth of 9.2% throughout the forecast period. One of the main factors driving the market is the rising availability of a broad selection of products from various brands, free delivery, and seasonal discounts on e-retailer platforms.
  • Asia Pacific is expected to register the fastest CAGR of 8.4% from 2022 to 2030. The growing working population coupled with the rising demand for belts and wallets among women population in India, and China further contributes to the market growth.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Regional Outlook
Chapter 3. Belts and Wallets Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Belts and Wallets Market: Consumer Behavior Analysis
4.1. Consumer Trends & Preferences
4.2. Factors Influencing Buying Behavior
4.3. Consumer Service Adoption Trends
4.4. Key Observations & Findings
Chapter 5. Belts and Wallets Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Belts
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Wallets
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Belts and Wallets Market: Material Estimates & Trend Analysis
6.1. Material Movement Analysis & Market Share, 2022 & 2030
6.2. Leather
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Non-Leather
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Belts and Wallets Market: End-user Estimates & Trend Analysis
7.1. End-user Movement Analysis & Market Share, 2022 & 2030
7.2. Men
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3. Women
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 8. Belts and Wallets Market: Distribution Channel Estimates & Trend Analysis
8.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
8.2. Online
8.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
8.3. Offline
8.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 9. Belts and Wallets Market: Regional Estimates & Trend Analysis
9.1. Regional Movement Analysis & Market Share, 2022 & 2030
9.2. North America
9.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.2.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.2.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.2.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.2.6. U.S.
9.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.2.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.2.6.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.2.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.3. Europe
9.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.3.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.3.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.3.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.3.6. U.K.
9.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.3.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.3.6.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.3.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.3.7. Germany
9.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.3.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.3.7.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.3.7.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.3.7.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.3.8. France
9.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.3.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.3.8.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.3.8.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.3.8.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.4. Asia Pacific
9.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.4.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.4.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.4.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.4.6. China
9.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.4.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.4.6.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.4.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.4.7. India
9.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.4.7.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.4.7.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.4.7.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.4.8. Japan
9.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.4.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.4.8.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.4.8.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.4.8.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.5. Central & South America
9.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.5.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.5.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.5.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.5.6. Brazil
9.5.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.5.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.5.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.5.6.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.5.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
9.6. Middle East & Africa
9.6.1. Market estimates and forecast, 2017 - 2030 (USD Million) (Kilotons)
9.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million) (Kilotons)
9.6.3. Market estimates and forecast, by ingredient, 2017 - 2030 (USD Million) (Kilotons)
9.6.4. Market estimates and forecast, by application, 2017 - 2030 (USD Million) (Kilotons)
9.6.5. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million) (Kilotons)
9.6.6. South Africa
9.6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
9.6.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
9.6.6.3. Market estimates and forecast, by material, 2017 - 2030 (USD Million)
9.6.6.4. Market estimates and forecast, by End-user, 2017 - 2030 (USD Million)
9.6.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 10. Competitive Analysis
10.1. Recent developments & impact analysis, by key market participants
10.2. Company Categorization
10.3. Participant’s Overview
10.4. Financial Performance
10.5. Product Benchmarking
10.6. Company Market Share Analysis, 2022 (%)
10.7. Company Heat Map Analysis
10.8. Strategy Mapping
10.9. List of key companies analyzed in this section include:
10.9.1. Tommy Hilfiger licensing, LLC (PVH)
10.9.2. Aditya Birla Group
10.9.3. PUMA SE
10.9.4. Titan Company
10.9.5. Marshall Wallet (ABC INTERNATIONAL)
10.9.6. LEVI STRAUSS & CO.
10.9.7. Guccio Gucci S.p.A. (KERING)
10.9.8. Burberry PLC
10.9.9. Diesel Fashion India Reliance Pvt.Ltd
10.9.10. Ralph Lauren Corp.

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