The Global Wallet Market size was USD 8.75 Billion in 2021 and is expected to register a revenue CAGR of 8.3% over the forecast period, according to the latest report by Reports and Data. Rising popularity of leather products owing to dust proof, durability, and crack-proof properties, growing fashion industry, and rising demand for leather goods are factors driving revenue growth of the market.
Wallets are now a critical component of fashion accessories since they express a person's personal style, therefore, wallet market is expanding positively along with the fashion industry. People's growing fashion consciousness has driven the wallet market to expand and it is expected to grow over the forecast period. In addition, another factor driving the market is increase in individual consumer expenditure on fashion accessories.
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There are a variety of wallets available in the market with various shapes, capacities, and patterns, which includes Bi-fold wallets, wristlet wallets, trifold wallets, travel wallets, card case wallets, clutch wallets, and other styles of wallets. These wallets include features such as coin purse, money clips, straps, chain fastener, or rein and are made of materials such as cotton, leather, and synthetics. However, wallets made of pure leather are regarded as expensive accessories with high reputation.
Top Profiled in the Global Wallet Market Report:
- Hermès,
- Calleen Cordero Designs, Inc.,
- The Donna Karan Company Store LLC.,
- Dolce & Gabbana,
- Changshu Maydiang Leather Co., Ltd.
- Others
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Market Segmentation:
By Type Outlook
- Slim Wallets
- Billfolds
- Clutch Wallets
- Long Wallets
- Coin Wallets
- Others
By Material Outlook
- Leather
- Cotton
- Synthetic
- Others
By Distribution Channel Outlook
- Online
- Offline
By Gender Outlook
- Men
- Women
- Kids
Key Takeaways of the Global Wallet Market Report:
- A comprehensive overview of the global Wallet industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Wallet market.
- Elaborate study of the leading regional markets in the global Wallet market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
Key Regional Markets Covered in the Report:
- North America
- S.
- Canada
- Mexico
- Europe
- Russia
- K.
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- A.E.
- Israel
Rest of Middle East & Africa
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