Product Code: ETC041945 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Fashion Accessories market currently, in 2023, has witnessed an HHI of 2718, Which has decreased slightly as compared to the HHI of 4972 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
India is the second-largest fashion accessories market in Asia, with a market size of US$ 17.5 billion in 2020. It is expected to grow at 9.1% CAGR (Compound Annual Growth Rate) during the forecast period 2020-2026 and reach US$ 28.6 billion by 2026. The increasing demand for designer bags, sunglasses, scarves & stoles, hair accessories and costume jewelry has been driving the growth of India?s fashion accessory market over the years. Moreover, growing disposable income among consumers and changing lifestyle preferences have further enhanced the growth potential for this industry segment across cities such as Delhi NCR (National Capital Region), Mumbai, Chennai etc.
? Growing disposable incomes amongst Indian consumers coupled with rising preference towards premium products are some key factors driving growth in India`s Fashion Accessories Market.
? Increasing demand for online shopping platforms has also encouraged players to expand their product portfolio which in turn has positively impacted consumer spending on fashion accessories items like jewellery and watches specially designed for different occasions/festivals or events resulting into higher sales revenues for these retail brands .
? High Operational Cost due to high raw material prices along with labour wages makes it difficult for manufacturers especially small scale ones to survive profitably making them unviable options compared with larger companies operating within same space.
? Presence of Fake/Substandard Products sold through unethical channels leading customers not trusting genuine branded products affecting trustworthiness & quality standards offered by original brand owners negatively . This indirectly affects sales volume generated from legitimate sources hindering overall growth prospects of entire industry .
Some major players dominating Indian Fashion Accessories Market include Titan Industries Ltd., Wipro Consumer Care Ltd., Tribhovandas Bhimji Zaveri Ltd., Madura Garments Lifestyle Retail Co., Bata India Ltd., Liberty Shoes Ltd., Clarks Shoes Pvt Ltd , Louis Philippe Stores etc.. These firms dominate majority share either through their own retail stores or selling merchandise on ecommerce websites including Flipkart , Amazon etc ..
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Fashion Accessories Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Fashion Accessories Market Revenues & Volume, 2020 & 2030F |
3.3 India Fashion Accessories Market - Industry Life Cycle |
3.4 India Fashion Accessories Market - Porter's Five Forces |
3.5 India Fashion Accessories Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 India Fashion Accessories Market Revenues & Volume Share, By End-User, 2020 & 2030F |
3.7 India Fashion Accessories Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 India Fashion Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Fashion Accessories Market Trends |
6 India Fashion Accessories Market, By Types |
6.1 India Fashion Accessories Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Fashion Accessories Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 India Fashion Accessories Market Revenues & Volume, By Footwear, 2020-2030F |
6.1.4 India Fashion Accessories Market Revenues & Volume, By Apparel, 2020-2030F |
6.1.5 India Fashion Accessories Market Revenues & Volume, By Wallets, 2020-2030F |
6.1.6 India Fashion Accessories Market Revenues & Volume, By Handbags, 2020-2030F |
6.1.7 India Fashion Accessories Market Revenues & Volume, By Watches, 2020-2030F |
6.1.8 India Fashion Accessories Market Revenues & Volume, By OtherΒ , 2020-2030F |
6.2 India Fashion Accessories Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 India Fashion Accessories Market Revenues & Volume, By Men, 2020-2030F |
6.2.3 India Fashion Accessories Market Revenues & Volume, By Women, 2020-2030F |
6.2.4 India Fashion Accessories Market Revenues & Volume, By Kids/Children, 2020-2030F |
6.2.5 India Fashion Accessories Market Revenues & Volume, By Unisex, 2020-2030F |
6.3 India Fashion Accessories Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 India Fashion Accessories Market Revenues & Volume, By Offline channel, 2020-2030F |
6.3.3 India Fashion Accessories Market Revenues & Volume, By Online channel, 2020-2030F |
7 India Fashion Accessories Market Import-Export Trade Statistics |
7.1 India Fashion Accessories Market Export to Major Countries |
7.2 India Fashion Accessories Market Imports from Major Countries |
8 India Fashion Accessories Market Key Performance Indicators |
9 India Fashion Accessories Market - Opportunity Assessment |
9.1 India Fashion Accessories Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 India Fashion Accessories Market Opportunity Assessment, By End-User, 2020 & 2030F |
9.3 India Fashion Accessories Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 India Fashion Accessories Market - Competitive Landscape |
10.1 India Fashion Accessories Market Revenue Share, By Companies, 2023 |
10.2 India Fashion Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |