Published on : Jul 05, 2017
Albany, New York, July 5, 2017: The dynamics of the apparel industry are changing dramatically. As per a recent research report, apparel accessories became a major profit earner in 2016 for many fashion companies. Many fashion houses have begun to shift the focus to accessories on ready-to-wear items. To analyze the market current scenario and future growth prospects, a study titled “Global Clothing Accessory Market to 2021” has been published to the online repository of Market Research Hub (MRH). This industry report set provides the most informed market data on the actual market situation, trends and future outlook for clothing across the world, with a prime focus on some key countries. This publication is designed for companies who want to gain a broad perspective on the global clothing accessory market.
This is a detailed study which includes historic market data from 2010 to 2017 and presents forecasts until 2021 which makes the reports a helpful resource for industry executives, marketing, sales and product managers, analysts and others. The market information further includes the total market size for clothing accessories as well as the market size and trends for the various kinds of products, such as Leather belts and bandoliers, handkerchiefs; Shawls, scarves and veils; Ties, bow ties and cravats; and other clothing accessories.
Customers are buying accessories not only to match their new purchases but also to give their old apparel a new look. During the economic recession, many consumers decided to buy accessories instead of costly items of clothing. Spending patterns concerning accessories are slightly different than clothing purchases as accessories are often bought on impulse or as add-on purchases. Clothing accessories, from handbags to scarves to what women put in hair, can craft a very stylish look without the need to wear excessively trendy clothing.
At present, the market is fuelled by demand from emerging countries, diversifying consumer profiles from rich populations to less affluent consumers, and evolving consumer behavior. Geographically, the study analyses the clothing accessory market size in different countries around the world and provides information that the markets in various mentioned countries are growing or decreasing. Some of the countries outlined in the study are China, United States, South Africa, South Korea, United Kingdom, Japan, Brazil, Italy, Russia etc. Through the regional analysis, the publication makes it easy to compare the market status across different countries and product groups to be able to find new market opportunities and will make more profitable business decisions.
Moreover, the report identifies that new marketing strategies and advertising techniques are employed by the leading market players to attract customers. Also, the future stance of the accessories industry is very optimistic, as people are becoming more fashion savvy ensuing in a surge in demand for these products.
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