The Asia Pacific Belts And Wallets Market would witness market growth of 8.3% CAGR during the forecast period (2022-2028).
The increasing demand for wallets and belts among working women is predicted to open up several opportunities for market growth. Furthermore, it is also projected throughout the forecast period that rising consumer desire for fashionable belts and wallets will support market growth. The invention of RFID technology wallets was also born due to the growing security issues surrounding contactless card innovation, which uses RFID.
As a result, consumers are adopting this technology at an increasing rate. Companies like Buffway, Travando, and Himi sell leather wallets with RFID capabilities that enable tracking of imported items like debit cards, credit cards, and passports and stop identity theft by utilizing RFID-blocking technology.
PU belts are currently the most preferred, and the demand for leather belts is declining. One of the greatest belt exporters in the world is China. To improve efficiency, the best players are mostly focusing on technical advancements. However, this market's long-term growth patterns can be achieved by maintaining the current development trends and having the necessary financial resources to engage in the most effective methods.
The major firms in the region are eager to invest in cutting-edge machinery and adopt automation, energy-saving measures, and reduced water usage. Also, China is a leader in the leather goods sector owing to its extensive production of leather shoes, furniture, clothing, and other products. China is also a significant and quickly expanding market for high-end leather items like belts and wallets. Additionally, the Indian government now expects all tanneries to adhere to environmental rules. This demonstrates the growing demands for the accountability of the whole supply chain coming from brand owners and retailers worldwide. This region's belts and wallets market would grow quickly with the help of the confluence of these variables.
The China market dominated the Asia Pacific Belts And Wallets Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,008.1 Million by 2028. The Japan market is estimated to grow a CAGR of 7.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 8.9% during (2022 - 2028).
Based on Material, the market is segmented into Leather and Non-Leather. Based on End User, the market is segmented into Men and Women. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Belts and Wallets. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Belts and Wallets Market is Projected to reach USD 32.7 Billion by 2028, at a CAGR of 7.8%
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
By End User
By Distribution Channel
By Product
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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.
TABLE 1 Asia Pacific Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Leather Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Leather Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Non-Leather Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Non-Leather Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Men Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Men Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Women Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Women Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Offline Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Offline Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Online Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Online Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Belts Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Belts Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Wallets Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Wallets Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Belts And Wallets Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Belts And Wallets Market by Country, 2022 - 2028, USD Million
TABLE 29 China Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 30 China Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 31 China Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 32 China Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 33 China Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 34 China Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 35 China Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 36 China Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 37 China Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 38 China Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 39 Japan Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 40 Japan Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 41 Japan Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 42 Japan Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 43 Japan Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 44 Japan Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 45 Japan Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 Japan Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 Japan Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 48 Japan Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 49 India Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 50 India Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 51 India Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 52 India Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 53 India Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 54 India Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 55 India Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 56 India Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 57 India Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 58 India Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 59 South Korea Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 60 South Korea Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 61 South Korea Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 62 South Korea Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 63 South Korea Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 64 South Korea Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 65 South Korea Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 66 South Korea Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 67 South Korea Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 68 South Korea Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 69 Singapore Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 70 Singapore Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 71 Singapore Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 72 Singapore Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 73 Singapore Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 74 Singapore Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 75 Singapore Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 76 Singapore Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 77 Singapore Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 78 Singapore Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 79 Malaysia Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 80 Malaysia Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 81 Malaysia Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 82 Malaysia Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 83 Malaysia Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 84 Malaysia Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 85 Malaysia Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 86 Malaysia Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 87 Malaysia Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 88 Malaysia Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 91 Rest of Asia Pacific Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 92 Rest of Asia Pacific Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 95 Rest of Asia Pacific Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 96 Rest of Asia Pacific Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 99 Key information – PUMA SE
TABLE 100 Key Information – Levi Strauss and Co.
TABLE 101 Key Information – Guccio Gucci S.p.A.
TABLE 102 Key Information –Burberry Group PLC
TABLE 103 key Information – Ralph Lauren Corporation
TABLE 104 Key Information – Tommy Hilfiger licensing, LLC
TABLE 105 Key Information – Aditya Birla Fashion and Retail Limited
TABLE 106 Key Information – Titan Company LimITED
TABLE 107 Key Information – Marshal Wallet
TABLE 108 Key Information – Diesel Fashion India Reliance Pvt. Ltd.
List of Figures
FIG 1 Methodology for the research