Global Belts and Wallets Market Size, Share & Industry Trends Analysis Report By Material (Leather and Non-Leather), By End User (Men and Women), By Distribution Channel (Offline and Online), By Product, By Regional Outlook and Forecast, 2022 - 2028

Global Belts and Wallets Market Size, Share & Industry Trends Analysis Report By Material (Leather and Non-Leather), By End User (Men and Women), By Distribution Channel (Offline and Online), By Product, By Regional Outlook and Forecast, 2022 - 2028

The Global Belts And Wallets Market size is expected to reach $32.7 billion by 2028, rising at a market growth of 7.8% CAGR during the forecast period.

A belt is a movable and flexible band or strap often made of plastic, leather, or thick fabric and worn around or close to the natural waist. A buckle secures one end of a belt to another section of the belt at or around the other end, forming the belt into a loop. Since there are many different sizes of waists, there are many different lengths of belts available. Most belts can be changed around the buckle to fit the waist of the individual wearing it.

A wallet is a flat bag or pouch frequently used to hold small personal goods like paper money, credit cards, identification cards like a driver's license or club card, photos, transit passes, business cards, etc. Wallets are often made of textiles or leather, are pocket-sized, and may be folded. Coin purses, a zipper, chain fasteners, money clips, a strap, or rein can all be found in wallets. Wallets can be a fashionable accessory or a way for their owner to show off their status, wealth, or fashion sense.

The market is primarily driven by the expanding fashion trend and the expanding use of wallets and belts among corporate populations worldwide. The significance of belts and wallets as fashion items has increased, especially among millennials. Additionally, it is anticipated that the youthful generation's growing demand for belts and wallets made out of leather would offer a plethora of potential for market expansion throughout the projection period.

The rise in demand for leather products like wallets and belts may present companies in the sustainable field with lucrative business opportunities. Leather wallets and pouches are frequently utilized for daily tasks due to the customer's need for incredibly strong and stylish leather items. In addition, leather is smooth and durable even when folded. This makes it more comfortable to carry in the pocket than materials like plastic or nylon, which can be uncomfortable due to their hardness.

COVID-19 Impact Analysis

Due to social isolation and laws requiring people to stay at home, the pandemic also negatively impacted the offline sales of wallets and belts in various affected countries, including China and India. Furthermore, the pandemic's persistence inspired people to practice better financial management and refrain from splurging. As a result, people became more reluctant to purchase goods because of the outbreak, even after the lockdown was lifted due to the danger of virus transmission. Therefore, the pandemic had a negative impact on the belts and wallets market.

Market Growth Factors

Demand for leather accessories is rising among consumers

Fashion items like belts and wallets typically have both functional and aesthetic value. Also, leather fashion accessories typically have a longer lifespan than clothing as well as non-leather fashion accessories, especially in the case of product categories like exclusive goods that have been more popular in recent years. Therefore, carrying items like wallets, belts, and other accessories are growing areas of the leather fashion accessory product categories. The growing fashion industry has greatly increased consumer demand for leather wallets, driving up the market.

Development of inexpensive, fashionable, and cozy leather items

Wallets and belts are one of the most popular category for purchases in the accessories category. Additionally, as the fashion trends change, people purchase more often due to the inexpensive nature of these products. Lifestyles constantly change, consumers' discretionary income increases, and their interest in fashionable things grow. With their extra money, consumers are raising their level of living by acquiring more stylish and current items. Therefore, these kinds of customer preferences, along with the shifting fashion trends, will present market players with prominent growth opportunities during the forecast period.

Market Restraining Factors

Readily available cheap and counterfeit leather products

One of the things impeding the expansion of the market is the potential for counterfeit goods. When compared to genuine branded products, counterfeit goods are less reliable and of lesser quality. They are also priced lower to obtain a competitive edge on the market. As a result, achieving optimal market penetration is challenging for important market players. Additionally, the availability of fake goods dilutes the value of authentic brands since buyers cannot tell the difference between fake and genuine goods. Therefore, the abundance of counterfeit and cheap products are hampering the growth of the belts and wallets market.

Product Outlook

Based on product, the belts and wallets market is categorized into wallets and belts. The wallets segment procured a considerable growth rate in the belts and wallets market in 2021. Both men and women regard wallets as everyday items to store their cash, identification, and other small travel documents and paperwork that need to be safeguarded from theft, weather exposure, and damage. Since security concerns regarding contactless card technology have grown, the idea of RFID wallets was developed as a reaction. As a result, RFID-based wallets are expected to offer the segment plenty of room to grow.

Material Outlook

On the basis of material, the belts and wallets market is divided into leather and non-leather. The leather segment acquired the largest revenue share in the belts and wallets market in 2021. The segment is expanding rapidly because premium leather is needed to create various items, such as belts and wallets. Some of the major factors driving the demand for leather belts and wallets include the growing population as well as the growing income levels of consumers. In addition, consumers' increasing fashion consciousness has been a significant factor in driving product demand, encouraging many businesses to expand their product lines.

End-User Outlook

Based on end-user, the belts and wallets market is segmented into men and women. The women segment garnered a remarkable growth rate in the belts and wallets market in 2021. The rising demand for wallets and belts among working women professionals and the expanding appeal of these items among women, in general, are two important factors impacting the market's growth. In addition, more women are expected to join the labor force due to the increased number of women pursuing higher education.

Distribution Channel Outlook

On the basis of distribution channel, the belts and wallets market is bifurcated into offline and online. The offline segment procured the highest revenue share in the belts and wallets market in 2021. One of the most typical distribution methods involves finding belts and wallets at physical retail stores that carry various brands and models. Customers visiting these businesses have many brands to choose from before purchasing. In order to entice customers and increase product sales, supermarkets frequently provide discounts or other benefits.

Regional Outlook

Region wise, the belts and wallets market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region recorded the largest revenue share in the belts and wallets market in 2021. The region's market growth was further aided by sizable working populations in China and India. The regional belts and wallets market is driven by the rising demand for premium and luxury goods in these nations, particularly China and India. The world's greatest producer of finished leather goods, such as belts and wallets, has historically been China.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PUMA SE (Groupe Artémis S.A.), Levi Strauss and Co., Guccio Gucci S.p.A. (Kering group), Burberry Group PLC, Ralph Lauren Corporation, Tommy Hilfiger Licensing, LLC (PVH Corp.), Aditya Birla Fashion and Retail Limited (Aditya Birla Group), Titan Company (Tata Group), Marshal Wallet (ABC International) and Diesel Fashion India Reliance Pvt. Ltd.

Scope of the Study

Market Segments covered in the Report:

By Material

  • Leather
  • Non-Leather
By End User
  • Men
  • Women
By Distribution Channel
  • Offline
  • Online
By Product
  • Belts
  • Wallets
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • PUMA SE (Groupe Artémis S.A.)
  • Levi Strauss and Co.
  • Guccio Gucci S.p.A.(Kering group)
  • Burberry Group PLC
  • Ralph Lauren Corporation
  • Tommy Hilfiger Licensing, LLC (PVH Corp.)
  • Aditya Birla Fashion and Retail Limited (Aditya Birla Group)
  • Titan Company (Tata Group)
  • Marshal Wallet (ABC International)
  • Diesel Fashion India Reliance Pvt. Ltd.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Belts And Wallets Market, by Material
1.4.2 Global Belts And Wallets Market, by End User
1.4.3 Global Belts And Wallets Market, by Distribution Channel
1.4.4 Global Belts And Wallets Market, by Product
1.4.5 Global Belts And Wallets Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Belts And Wallets Market by Material
3.1 Global Leather Market by Region
3.2 Global Non-Leather Market by Region
Chapter 4. Global Belts And Wallets Market by End-user
4.1 Global Men Market by Region
4.2 Global Women Market by Region
Chapter 5. Global Belts And Wallets Market by Distribution Channel
5.1 Global Offline Market by Region
5.2 Global Online Market by Region
Chapter 6. Global Belts And Wallets Market by Product
6.1 Global Belts Market by Region
6.2 Global Wallets Market by Region
Chapter 7. Global Belts And Wallets Market by Region
7.1 North America Belts And Wallets Market
7.1.1 North America Belts And Wallets Market by Material
7.1.1.1 North America Leather Market by Country
7.1.1.2 North America Non-Leather Market by Country
7.1.2 North America Belts And Wallets Market by End-user
7.1.2.1 North America Men Market by Country
7.1.2.2 North America Women Market by Country
7.1.3 North America Belts And Wallets Market by Distribution Channel
7.1.3.1 North America Offline Market by Country
7.1.3.2 North America Online Market by Country
7.1.4 North America Belts And Wallets Market by Product
7.1.4.1 North America Belts Market by Country
7.1.4.2 North America Wallets Market by Country
7.1.5 North America Belts And Wallets Market by Country
7.1.5.1 US Belts And Wallets Market
7.1.5.1.1 US Belts And Wallets Market by Material
7.1.5.1.2 US Belts And Wallets Market by End-user
7.1.5.1.3 US Belts And Wallets Market by Distribution Channel
7.1.5.1.4 US Belts And Wallets Market by Product
7.1.5.2 Canada Belts And Wallets Market
7.1.5.2.1 Canada Belts And Wallets Market by Material
7.1.5.2.2 Canada Belts And Wallets Market by End-user
7.1.5.2.3 Canada Belts And Wallets Market by Distribution Channel
7.1.5.2.4 Canada Belts And Wallets Market by Product
7.1.5.3 Mexico Belts And Wallets Market
7.1.5.3.1 Mexico Belts And Wallets Market by Material
7.1.5.3.2 Mexico Belts And Wallets Market by End-user
7.1.5.3.3 Mexico Belts And Wallets Market by Distribution Channel
7.1.5.3.4 Mexico Belts And Wallets Market by Product
7.1.5.4 Rest of North America Belts And Wallets Market
7.1.5.4.1 Rest of North America Belts And Wallets Market by Material
7.1.5.4.2 Rest of North America Belts And Wallets Market by End-user
7.1.5.4.3 Rest of North America Belts And Wallets Market by Distribution Channel
7.1.5.4.4 Rest of North America Belts And Wallets Market by Product
7.2 Europe Belts And Wallets Market
7.2.1 Europe Belts And Wallets Market by Material
7.2.1.1 Europe Leather Market by Country
7.2.1.2 Europe Non-Leather Market by Country
7.2.2 Europe Belts And Wallets Market by End-user
7.2.2.1 Europe Men Market by Country
7.2.2.2 Europe Women Market by Country
7.2.3 Europe Belts And Wallets Market by Distribution Channel
7.2.3.1 Europe Offline Market by Country
7.2.3.2 Europe Online Market by Country
7.2.4 Europe Belts And Wallets Market by Product
7.2.4.1 Europe Belts Market by Country
7.2.4.2 Europe Wallets Market by Country
7.2.5 Europe Belts And Wallets Market by Country
7.2.5.1 Germany Belts And Wallets Market
7.2.5.1.1 Germany Belts And Wallets Market by Material
7.2.5.1.2 Germany Belts And Wallets Market by End-user
7.2.5.1.3 Germany Belts And Wallets Market by Distribution Channel
7.2.5.1.4 Germany Belts And Wallets Market by Product
7.2.5.2 UK Belts And Wallets Market
7.2.5.2.1 UK Belts And Wallets Market by Material
7.2.5.2.2 UK Belts And Wallets Market by End-user
7.2.5.2.3 UK Belts And Wallets Market by Distribution Channel
7.2.5.2.4 UK Belts And Wallets Market by Product
7.2.5.3 France Belts And Wallets Market
7.2.5.3.1 France Belts And Wallets Market by Material
7.2.5.3.2 France Belts And Wallets Market by End-user
7.2.5.3.3 France Belts And Wallets Market by Distribution Channel
7.2.5.3.4 France Belts And Wallets Market by Product
7.2.5.4 Russia Belts And Wallets Market
7.2.5.4.1 Russia Belts And Wallets Market by Material
7.2.5.4.2 Russia Belts And Wallets Market by End-user
7.2.5.4.3 Russia Belts And Wallets Market by Distribution Channel
7.2.5.4.4 Russia Belts And Wallets Market by Product
7.2.5.5 Spain Belts And Wallets Market
7.2.5.5.1 Spain Belts And Wallets Market by Material
7.2.5.5.2 Spain Belts And Wallets Market by End-user
7.2.5.5.3 Spain Belts And Wallets Market by Distribution Channel
7.2.5.5.4 Spain Belts And Wallets Market by Product
7.2.5.6 Italy Belts And Wallets Market
7.2.5.6.1 Italy Belts And Wallets Market by Material
7.2.5.6.2 Italy Belts And Wallets Market by End-user
7.2.5.6.3 Italy Belts And Wallets Market by Distribution Channel
7.2.5.6.4 Italy Belts And Wallets Market by Product
7.2.5.7 Rest of Europe Belts And Wallets Market
7.2.5.7.1 Rest of Europe Belts And Wallets Market by Material
7.2.5.7.2 Rest of Europe Belts And Wallets Market by End-user
7.2.5.7.3 Rest of Europe Belts And Wallets Market by Distribution Channel
7.2.5.7.4 Rest of Europe Belts And Wallets Market by Product
7.3 Asia Pacific Belts And Wallets Market
7.3.1 Asia Pacific Belts And Wallets Market by Material
7.3.1.1 Asia Pacific Leather Market by Country
7.3.1.2 Asia Pacific Non-Leather Market by Country
7.3.2 Asia Pacific Belts And Wallets Market by End-user
7.3.2.1 Asia Pacific Men Market by Country
7.3.2.2 Asia Pacific Women Market by Country
7.3.3 Asia Pacific Belts And Wallets Market by Distribution Channel
7.3.3.1 Asia Pacific Offline Market by Country
7.3.3.2 Asia Pacific Online Market by Country
7.3.4 Asia Pacific Belts And Wallets Market by Product
7.3.4.1 Asia Pacific Belts Market by Country
7.3.4.2 Asia Pacific Wallets Market by Country
7.3.5 Asia Pacific Belts And Wallets Market by Country
7.3.5.1 China Belts And Wallets Market
7.3.5.1.1 China Belts And Wallets Market by Material
7.3.5.1.2 China Belts And Wallets Market by End-user
7.3.5.1.3 China Belts And Wallets Market by Distribution Channel
7.3.5.1.4 China Belts And Wallets Market by Product
7.3.5.2 Japan Belts And Wallets Market
7.3.5.2.1 Japan Belts And Wallets Market by Material
7.3.5.2.2 Japan Belts And Wallets Market by End-user
7.3.5.2.3 Japan Belts And Wallets Market by Distribution Channel
7.3.5.2.4 Japan Belts And Wallets Market by Product
7.3.5.3 India Belts And Wallets Market
7.3.5.3.1 India Belts And Wallets Market by Material
7.3.5.3.2 India Belts And Wallets Market by End-user
7.3.5.3.3 India Belts And Wallets Market by Distribution Channel
7.3.5.3.4 India Belts And Wallets Market by Product
7.3.5.4 South Korea Belts And Wallets Market
7.3.5.4.1 South Korea Belts And Wallets Market by Material
7.3.5.4.2 South Korea Belts And Wallets Market by End-user
7.3.5.4.3 South Korea Belts And Wallets Market by Distribution Channel
7.3.5.4.4 South Korea Belts And Wallets Market by Product
7.3.5.5 Singapore Belts And Wallets Market
7.3.5.5.1 Singapore Belts And Wallets Market by Material
7.3.5.5.2 Singapore Belts And Wallets Market by End-user
7.3.5.5.3 Singapore Belts And Wallets Market by Distribution Channel
7.3.5.5.4 Singapore Belts And Wallets Market by Product
7.3.5.6 Malaysia Belts And Wallets Market
7.3.5.6.1 Malaysia Belts And Wallets Market by Material
7.3.5.6.2 Malaysia Belts And Wallets Market by End-user
7.3.5.6.3 Malaysia Belts And Wallets Market by Distribution Channel
7.3.5.6.4 Malaysia Belts And Wallets Market by Product
7.3.5.7 Rest of Asia Pacific Belts And Wallets Market
7.3.5.7.1 Rest of Asia Pacific Belts And Wallets Market by Material
7.3.5.7.2 Rest of Asia Pacific Belts And Wallets Market by End-user
7.3.5.7.3 Rest of Asia Pacific Belts And Wallets Market by Distribution Channel
7.3.5.7.4 Rest of Asia Pacific Belts And Wallets Market by Product
7.4 LAMEA Belts And Wallets Market
7.4.1 LAMEA Belts And Wallets Market by Material
7.4.1.1 LAMEA Leather Market by Country
7.4.1.2 LAMEA Non-Leather Market by Country
7.4.2 LAMEA Belts And Wallets Market by End-user
7.4.2.1 LAMEA Men Market by Country
7.4.2.2 LAMEA Women Market by Country
7.4.3 LAMEA Belts And Wallets Market by Distribution Channel
7.4.3.1 LAMEA Offline Market by Country
7.4.3.2 LAMEA Online Market by Country
7.4.4 LAMEA Belts And Wallets Market by Product
7.4.4.1 LAMEA Belts Market by Country
7.4.4.2 LAMEA Wallets Market by Country
7.4.5 LAMEA Belts And Wallets Market by Country
7.4.5.1 Brazil Belts And Wallets Market
7.4.5.1.1 Brazil Belts And Wallets Market by Material
7.4.5.1.2 Brazil Belts And Wallets Market by End-user
7.4.5.1.3 Brazil Belts And Wallets Market by Distribution Channel
7.4.5.1.4 Brazil Belts And Wallets Market by Product
7.4.5.2 Argentina Belts And Wallets Market
7.4.5.2.1 Argentina Belts And Wallets Market by Material
7.4.5.2.2 Argentina Belts And Wallets Market by End-user
7.4.5.2.3 Argentina Belts And Wallets Market by Distribution Channel
7.4.5.2.4 Argentina Belts And Wallets Market by Product
7.4.5.3 UAE Belts And Wallets Market
7.4.5.3.1 UAE Belts And Wallets Market by Material
7.4.5.3.2 UAE Belts And Wallets Market by End-user
7.4.5.3.3 UAE Belts And Wallets Market by Distribution Channel
7.4.5.3.4 UAE Belts And Wallets Market by Product
7.4.5.4 Saudi Arabia Belts And Wallets Market
7.4.5.4.1 Saudi Arabia Belts And Wallets Market by Material
7.4.5.4.2 Saudi Arabia Belts And Wallets Market by End-user
7.4.5.4.3 Saudi Arabia Belts And Wallets Market by Distribution Channel
7.4.5.4.4 Saudi Arabia Belts And Wallets Market by Product
7.4.5.5 South Africa Belts And Wallets Market
7.4.5.5.1 South Africa Belts And Wallets Market by Material
7.4.5.5.2 South Africa Belts And Wallets Market by End-user
7.4.5.5.3 South Africa Belts And Wallets Market by Distribution Channel
7.4.5.5.4 South Africa Belts And Wallets Market by Product
7.4.5.6 Nigeria Belts And Wallets Market
7.4.5.6.1 Nigeria Belts And Wallets Market by Material
7.4.5.6.2 Nigeria Belts And Wallets Market by End-user
7.4.5.6.3 Nigeria Belts And Wallets Market by Distribution Channel
7.4.5.6.4 Nigeria Belts And Wallets Market by Product
7.4.5.7 Rest of LAMEA Belts And Wallets Market
7.4.5.7.1 Rest of LAMEA Belts And Wallets Market by Material
7.4.5.7.2 Rest of LAMEA Belts And Wallets Market by End-user
7.4.5.7.3 Rest of LAMEA Belts And Wallets Market by Distribution Channel
7.4.5.7.4 Rest of LAMEA Belts And Wallets Market by Product
Chapter 8. Company Profiles
8.1 PUMA SE (Groupe Artémis S.A.)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expense
8.2 Levi Strauss and Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.3 Guccio Gucci S.p.A. (Kering Group)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.4 Burberry Group PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.5 Ralph Lauren Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.6 Tommy Hilfiger Licensing, LLC (PVH Corp)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.7 Aditya Birla Fashion and Retail Limited (Aditya Birla Group)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.8 Titan Company Limited (TATA Group)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.9 Marshal Wallet (ABC International)
8.9.1 Company Overview
8.10. Diesel Fashion India Reliance Pvt. Ltd.
8.10.1 Company Overview

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