Apparel Accessories Market: Highly Seasonal Nature of Sales of Apparel Accessories to Discourage Ven


Fact.MR prophesies the global apparel accessories market to rise at a 4.6% CAGR during the forecast period 2017-2022.


[USPRwire, Mon Mar 04 2019] 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.

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The 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.

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There could be a significant decline in the popularity of apparel accessories as holiday gifts. The sales of apparel accessories may be highly seasonal in the coming years. The reason for this downfall of the global apparel accessories market is that it faces a tough competition from alternative such as footwear, beauty products, gift cards, entertainment products, and even consumer electronics during holiday seasons.

On the other hand, continuous price inflation is foretold to arrest the growth of the global apparel accessories market in emerging as well as developed countries. Furthermore, low interest in premium-priced products in developing economies because of high price consciousness among consumers could slow down the growth of the global apparel accessories market. Leading companies operating in the global apparel accessories market are prophesied to face challenges due to the presence of fast fashion brands and implementation of aggressive pricing strategies.

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The authors of the report deeply analyze the business of key players operating in the global apparel accessories market including LVMH Moët Hennessy Louis Vuitton S.E., Kering S.A., Industria de Diseño Textil, S.A., H&M Hennes & Mauritz AB, and Gap, Inc. 

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