Luxury Wallet Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Luxury Wallet Market covers analysis By Category (Men, Women, Unisex); Distribution Channel (Supermarkets and Hypermarkets, Specialty stores, Online Retail, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00025943
  • Category : Consumer Goods
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

A wallet is a small, flat case usually made of leather that can be used to carry personal items such as cash, debit and credit cards, and identification documents, photographs, transit pass, business cards, and other paper documents. Wallets are comfortable and convenient to carry and are also seen as a status symbol. Rising innovation in wallet design with new features is driving the growth of the wallet market across the globe.

MARKET DYNAMICS

The global luxury wallet market is expected to grow at progressive CAGR during the forecast period. Increasing popularity of leather products due to durability, and its fireproof, dustproof, and crack-proof features is surging the sale of wallets. Increasing disposable income and rising expenditure on luxury lifestyle products is playing a major role in driving the wallet market. Nowadays consumers are well versed about trends and fashion due to rising adoption of social media platforms. This is likely to enhance consumer preference for fashion related products. Increasing working population and growing fashion industry has also resulted in rising demand for wallets. Growing popularity of retail stores and various online channels is also expected to drive the demand during the forecast period. However, shifting consumer focus from conventional to digital technology is resulting in popularity of e-wallet which is hampering the growth of the wallet market. People now prefer e-cash instead of hard cash and digital documents in place of paper documents. Introduction of various substitutes such as small plastic case, clutches, handbags etc. is slowing down the growth of the wallet market.

MARKET SCOPE

The "Global Luxury Wallet Market Analysis to 2028" is a specialized and in-depth study of the Consumer Goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the luxury wallet market with detailed market segmentation by category and distribution channel. The global luxury wallet market is expected to rise during the forecast period. The report provides key statistics on the market status of the leading luxury wallet market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global luxury wallet market is segmented on the basis of category and distribution channel. Based on category luxury wallet market is segmented into men, women and unisex. On the basis of distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global luxury wallet market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The luxury wallet market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the luxury wallet market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the luxury wallet market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global luxury wallet market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The luxury wallet market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the luxury wallet market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the luxury wallet market in these regions.

MARKET PLAYERS

The report covers vital developments in the luxury wallet market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the luxury wallet market are anticipated to lucrative growth opportunities in the future with the rising demand for luxury wallet in the global market. Below mentioned is the list of few companies engaged in the luxury wallet market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the luxury wallet market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

  •   Versace
  •   Prada
  •   Dolce and Gabbana
  •   Giorgio Armani S.P.A
  •   Ermenegildo Zegna
  •   Kiton
  •   Channel
  •   Hentley.
  •   Harber London
  •   Louis Vuitton.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Luxury Wallet Market - By Category
1.3.2 Luxury Wallet Market - By Distribution Channel
1.3.3 Luxury Wallet Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. LUXURY WALLET MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. LUXURY WALLET MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. LUXURY WALLET MARKET - GLOBAL MARKET ANALYSIS
6.1. LUXURY WALLET - GLOBAL MARKET OVERVIEW
6.2. LUXURY WALLET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. LUXURY WALLET MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. MEN
7.3.1. Overview
7.3.2. Men Market Forecast and Analysis
7.4. WOMEN
7.4.1. Overview
7.4.2. Women Market Forecast and Analysis
7.5. UNISEX
7.5.1. Overview
7.5.2. Unisex Market Forecast and Analysis
8. LUXURY WALLET MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. LUXURY WALLET MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Luxury Wallet Market Overview
9.1.2 North America Luxury Wallet Market Forecasts and Analysis
9.1.3 North America Luxury Wallet Market Forecasts and Analysis - By Category
9.1.4 North America Luxury Wallet Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Luxury Wallet Market Forecasts and Analysis - By Countries
9.1.5.1 United States Luxury Wallet Market
9.1.5.1.1 United States Luxury Wallet Market by Category
9.1.5.1.2 United States Luxury Wallet Market by Distribution Channel
9.1.5.2 Canada Luxury Wallet Market
9.1.5.2.1 Canada Luxury Wallet Market by Category
9.1.5.2.2 Canada Luxury Wallet Market by Distribution Channel
9.1.5.3 Mexico Luxury Wallet Market
9.1.5.3.1 Mexico Luxury Wallet Market by Category
9.1.5.3.2 Mexico Luxury Wallet Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Luxury Wallet Market Overview
9.2.2 Europe Luxury Wallet Market Forecasts and Analysis
9.2.3 Europe Luxury Wallet Market Forecasts and Analysis - By Category
9.2.4 Europe Luxury Wallet Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Luxury Wallet Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Luxury Wallet Market
9.2.5.1.1 Germany Luxury Wallet Market by Category
9.2.5.1.2 Germany Luxury Wallet Market by Distribution Channel
9.2.5.2 France Luxury Wallet Market
9.2.5.2.1 France Luxury Wallet Market by Category
9.2.5.2.2 France Luxury Wallet Market by Distribution Channel
9.2.5.3 Italy Luxury Wallet Market
9.2.5.3.1 Italy Luxury Wallet Market by Category
9.2.5.3.2 Italy Luxury Wallet Market by Distribution Channel
9.2.5.4 United Kingdom Luxury Wallet Market
9.2.5.4.1 United Kingdom Luxury Wallet Market by Category
9.2.5.4.2 United Kingdom Luxury Wallet Market by Distribution Channel
9.2.5.5 Russia Luxury Wallet Market
9.2.5.5.1 Russia Luxury Wallet Market by Category
9.2.5.5.2 Russia Luxury Wallet Market by Distribution Channel
9.2.5.6 Rest of Europe Luxury Wallet Market
9.2.5.6.1 Rest of Europe Luxury Wallet Market by Category
9.2.5.6.2 Rest of Europe Luxury Wallet Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Luxury Wallet Market Overview
9.3.2 Asia-Pacific Luxury Wallet Market Forecasts and Analysis
9.3.3 Asia-Pacific Luxury Wallet Market Forecasts and Analysis - By Category
9.3.4 Asia-Pacific Luxury Wallet Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Luxury Wallet Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Luxury Wallet Market
9.3.5.1.1 Australia Luxury Wallet Market by Category
9.3.5.1.2 Australia Luxury Wallet Market by Distribution Channel
9.3.5.2 China Luxury Wallet Market
9.3.5.2.1 China Luxury Wallet Market by Category
9.3.5.2.2 China Luxury Wallet Market by Distribution Channel
9.3.5.3 India Luxury Wallet Market
9.3.5.3.1 India Luxury Wallet Market by Category
9.3.5.3.2 India Luxury Wallet Market by Distribution Channel
9.3.5.4 Japan Luxury Wallet Market
9.3.5.4.1 Japan Luxury Wallet Market by Category
9.3.5.4.2 Japan Luxury Wallet Market by Distribution Channel
9.3.5.5 South Korea Luxury Wallet Market
9.3.5.5.1 South Korea Luxury Wallet Market by Category
9.3.5.5.2 South Korea Luxury Wallet Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Luxury Wallet Market
9.3.5.6.1 Rest of Asia-Pacific Luxury Wallet Market by Category
9.3.5.6.2 Rest of Asia-Pacific Luxury Wallet Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Luxury Wallet Market Overview
9.4.2 Middle East and Africa Luxury Wallet Market Forecasts and Analysis
9.4.3 Middle East and Africa Luxury Wallet Market Forecasts and Analysis - By Category
9.4.4 Middle East and Africa Luxury Wallet Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Luxury Wallet Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Luxury Wallet Market
9.4.5.1.1 South Africa Luxury Wallet Market by Category
9.4.5.1.2 South Africa Luxury Wallet Market by Distribution Channel
9.4.5.2 Saudi Arabia Luxury Wallet Market
9.4.5.2.1 Saudi Arabia Luxury Wallet Market by Category
9.4.5.2.2 Saudi Arabia Luxury Wallet Market by Distribution Channel
9.4.5.3 U.A.E Luxury Wallet Market
9.4.5.3.1 U.A.E Luxury Wallet Market by Category
9.4.5.3.2 U.A.E Luxury Wallet Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Luxury Wallet Market
9.4.5.4.1 Rest of Middle East and Africa Luxury Wallet Market by Category
9.4.5.4.2 Rest of Middle East and Africa Luxury Wallet Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Luxury Wallet Market Overview
9.5.2 South and Central America Luxury Wallet Market Forecasts and Analysis
9.5.3 South and Central America Luxury Wallet Market Forecasts and Analysis - By Category
9.5.4 South and Central America Luxury Wallet Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Luxury Wallet Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Luxury Wallet Market
9.5.5.1.1 Brazil Luxury Wallet Market by Category
9.5.5.1.2 Brazil Luxury Wallet Market by Distribution Channel
9.5.5.2 Argentina Luxury Wallet Market
9.5.5.2.1 Argentina Luxury Wallet Market by Category
9.5.5.2.2 Argentina Luxury Wallet Market by Distribution Channel
9.5.5.3 Rest of South and Central America Luxury Wallet Market
9.5.5.3.1 Rest of South and Central America Luxury Wallet Market by Category
9.5.5.3.2 Rest of South and Central America Luxury Wallet Market by Distribution Channel

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. LUXURY WALLET MARKET, KEY COMPANY PROFILES
11.1. VERSACE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. PRADA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DOLCE AND GABBANA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GIORGIO ARMANI S.P.A
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ERMENEGILDO ZEGNA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KITON
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CHANNEL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. HENTLEY.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HARBER LONDON
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LOUIS VUITTON.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1.Versace
2.Prada
3.Dolce and Gabbana
4.Giorgio Armani S.P.A
5.Ermenegildo Zegna
6.Kiton
7.Channel
8.Hentley.
9.Harber London
10.Louis Vuitton.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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