Global Fashion Belt Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fashion Belt Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A belt is an accessory traditionally used to secure the waist of a pair of pants or bottoms. Fashion belts in all shapes and sizes have been one of the essential accessories in the fashion world for many years. Fashion belts come in different colors, designs and materials to add pop to drab outfits. Fashion belts are suitable for casual wear, work wear, evening wear and more.

Market Overview:

The latest research study on the global Fashion Belt market finds that the global Fashion Belt market reached a value of USD 19304.57 million in 2022. It’s expected that the market will achieve USD 24073.76 million by 2028, exhibiting a CAGR of 3.75% during the forecast period.

Opportunities and Drivers

In recent years, the market size of the global apparel industry is expanding. The world's nearly 7.8 billion people form a huge clothing consumer market. Factors such as increasing per capita disposable income, changes in consumer behavior, and other factors have led to positive growth in the global apparel market. In the apparel industry, preferences for clothing vary widely from country to country. For example, in the United States, the style of clothing is simple, preferring clothes that are tight and curvy, while in France, printed dresses, highwaisted jeans, etc. are sold more, and the clothes are looser. Therefore, for people with different clothing preferences, consumers can choose different fashion belts to add color to the overall clothing style. At the same time, the diversification of fashion belt styles has also become the driving force for consumers to buy. Therefore, with the continuous development of the global clothing industry, the market size of fashion belts as an accessory for the overall shape will grow accordingly.
In recent years, with the continuous development of the
global economy, the number of middle- and high-income groups has continued to grow. For example, in China, in 2020, the median disposable income of Chinese urban residents is about 44,000 RMB. Many wealthy families now have sufficient funds to engage in leisure activities such as regular dining out, shopping for beauty products, travel and vacations, etc. As the number of middle- and high-income groups continues to increase, so will their spending on apparel and their ability to pay for fashion.
In addition, the new generation contributes to the increase of fashion consumers and drives the rapid growth of the fashion belt industry. Generation Z lives in an environment of relative affluence, good cultural education and the impact of various new things, so they have a more avant-garde consumption concept and the pursuit of fashion awareness. Gen Z's pursuit of fashion is driving the growth of the fashion belt industry.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

LVMH is one of the major players operating in the Fashion Belt market, holding a share of 5.13% in 2022.

LVMH is a global leader in luxury goods. Founded in 1987 and led by Chairman and CEO Bernard Arnault, the LVMH Group today houses 75 iconic brands that embody a unique art of living that blends tradition and modernity. The LVMH Group is the only group that operates in all the main sectors of the luxury industry: wines and spirits, fashion and leather goods, fragrances and cosmetics, watches and jewellery, selective distribution.

Christian Dior, referred to as Dior (Dior or CD), is a French fashion consumer brand belonging to the Moët Hennessy-Louis Vuitton group. Dior mainly deals in high-end consumer goods such as men's and women's handbags, women's clothing, men's clothing, men's and women's shoes, jewelry, perfumes, cosmetics, and children's clothing.

Segmentation Overview:

Among different product types, Leather Belt segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Online Sales segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Fashion Belt market covered in Chapter 3:

NISOLO
Longchamp
H&M
Michael Kors
Prada Chloé
Burberry
Isabel Marant
Dior
Gucci
B-Low the Belt
Saint Laurent
Tommy Hilfiger
Chanel
LVMH
Bottega Veneta

In Chapter 4 and Chapter 14.2, on the basis of types, the Fashion Belt market from 2018 to 2029 is primarily split into:

Grommet Belt
Chain Belt
Leather Belt
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fashion Belt market from 2018 to 2029 covers:

Online Sales
Offline Sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)