The Latin America, Middle East and Africa Belts And Wallets Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).
Belts made of leather are timeless and unique. Many people wish to own a leather belt since it symbolizes formal attire. However, over time, belts have evolved into more casual materials. Regarding casual aesthetics, polyester, and cotton belts are excellent and even preferred alternatives to leather belts. They are available in many hues and can make a statement when worn with all-one-color clothing.
Furthermore, developments like distressed leather are proving to be better alternatives if the user wishes to have a belt that is formal but more on the informal side. An otherwise traditional business belt is given some character and individuality by the distressed leather. Apart from men and women, demand for belts is also emerging from the children's accessories industries.
Children's custom belts are typically made to fit their weight and height so they can wear them more comfortably. Children's belts are typically smaller than adult belts because they need to fit comfortably with the shorts or pants that they wear below them. This prevents the shorts or pants from riding up when worn by youngsters. Children's belts are available in various patterns, including basic colors, animal prints, elastic straps, etc., which appeal to kids more due to their variation and vibrant appearance.
The region has been experiencing a rise in per capita expenditure on apparel products and improving economic conditions, leading to more individuals wearing formal clothing as they become wealthier. The demand for belts and wallets is projected to show a substantial growth rate due to a spike in disposable income, growing urbanization, and increasing literacy rates, particularly among the middle-class population. In addition, the market is seeing an increase in demand for men's and women's belts due to increased awareness about fashion trends. The recent economic climate and rising demand for belts and wallets across all income levels are expected to lead to a major expansion of the market in the LAMEA region.
The Brazil market dominated the LAMEA Belts And Wallets Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $638.8 Million by 2028. The Argentina market is experiencing a CAGR of 10.4% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 4 LAMEA Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 5 LAMEA Leather Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Leather Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Non-Leather Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Non-Leather Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 10 LAMEA Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 11 LAMEA Men Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Men Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Women Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Women Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 16 LAMEA Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 17 LAMEA Offline Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Offline Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Online Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Online Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 22 LAMEA Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 23 LAMEA Belts Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Belts Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Wallets Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Wallets Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Belts And Wallets Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Belts And Wallets Market by Country, 2022 - 2028, USD Million
TABLE 29 Brazil Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 30 Brazil Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 31 Brazil Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 32 Brazil Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 33 Brazil Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 34 Brazil Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 35 Brazil Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 36 Brazil Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 37 Brazil Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 38 Brazil Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 39 Argentina Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 40 Argentina Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 41 Argentina Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 42 Argentina Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 43 Argentina Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 44 Argentina Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 45 Argentina Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 Argentina Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 Argentina Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 48 Argentina Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 49 UAE Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 50 UAE Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 51 UAE Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 52 UAE Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 53 UAE Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 54 UAE Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 55 UAE Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 56 UAE Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 57 UAE Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 58 UAE Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 61 Saudi Arabia Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 62 Saudi Arabia Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 63 Saudi Arabia Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 64 Saudi Arabia Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 69 South Africa Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 70 South Africa Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 71 South Africa Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 72 South Africa Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 73 South Africa Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 74 South Africa Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 75 South Africa Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 76 South Africa Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 77 South Africa Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 78 South Africa Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 79 Nigeria Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 80 Nigeria Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 81 Nigeria Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 82 Nigeria Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 83 Nigeria Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 84 Nigeria Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 85 Nigeria Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 86 Nigeria Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 87 Nigeria Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 88 Nigeria Belts And Wallets Market by Product, 2022 - 2028, USD Million
TABLE 89 Rest of LAMEA Belts And Wallets Market, 2018 - 2021, USD Million
TABLE 90 Rest of LAMEA Belts And Wallets Market, 2022 - 2028, USD Million
TABLE 91 Rest of LAMEA Belts And Wallets Market by Material, 2018 - 2021, USD Million
TABLE 92 Rest of LAMEA Belts And Wallets Market by Material, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Belts And Wallets Market by End-user, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Belts And Wallets Market by End-user, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Belts And Wallets Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Belts And Wallets Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Belts And Wallets Market by Product, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA 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