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According to #TechSci Research report, United States Personal Accessories Market reached USD92 billion in 2020 and anticipated to reach up to USD145 billion by 2026 and grow at a CAGR of 8.15%.<br>Gain More Insight: https://bit.ly/3t7I5uG<br>Get Sample Report: https://bit.ly/3BK3wWQ<br>Press Release: https://bit.ly/36DvsQI<br>Website: https://www.techsciresearch.com/<br>Market Research News: https://techsciblog.com/
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2016 – 2026 UNITED STATES PERSONAL ACCESSORIES MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Personal Accessories Personal accessories are combination of various products designed to provide assistance to the consumer. Personal accessories are developed to enhance the dressing trends of the consumers along with other unique features. Market Segmentation Review Period 2016 – 2019 Base Year 2020 Estimated Year 2021 Forecast Period 2022 – 2026 Year Range PRODUCT TYPE DISTRIBUTION CHANNEL TOP 10 LEADING • Exclusive Stores • Multi-Brand Stores • Specialty Stores • Online Market • Supermarket/Hypermarket • Jewelry • Watches • Bags & Wallet • Others • Eyewear • Belts • Caps & hats • Others • California • Texas • Florida • New York • Illinois • Massachusetts • New Jersey • Ohio • Washington • Michigan REGION • South-Region • West-Region • Mid-West-Region • Northeast-Region END USER • Female • Male
Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in the United States personal accessories market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the United States personal accessories market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of United States personal accessories market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as rising demand for new and fashionable shapes, silhouettes, and colors of the accessories. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in United States personal accessories market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as personal accessories companies, suppliers, channel partners, end User, industry experts, and other industry participants. • The team interviewed more than 40 – 50 personal accessories companies, suppliers, 180 – 200 end user, 15 – 20 industry experts and other value chain stakeholders in the United States personal accessories market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.
Research Methodology • Respondents were asked about the current and future market growth rates, market shares by product type, by end user, by distribution channel, by top 10 leading and by region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares by product type, by end user, by distribution channel, by top 10 leading and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of personal accessories market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast United States personal accessories market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data.
Industry Brief Rising number of E-commerce platforms and continuous innovative trends within the fashion industry are driving the United States Personal Accessories market. According to TechSci Research report, “United States Personal Accessories Market By Product Type (Jewelry, Watches Bags & Wallet, and Others (Eyewear, Belts, Caps & hats, etc.)), By End User (Female, and Male), By Distribution Channel (Exclusive Stores, Multi-Brand Stores, Specialty Stores, Online Market, Supermarket/Hypermarket), By Region, Competition, Forecast & Opportunities, 2026” the United States personal accessories market had grown to approximately USD92 billion in the year 2020 and it is further anticipated to grow with the CAGR of 8.15% by 2026, owing to the fact that United States is the largest fashion hub across the globe, and is the major contributor in personal accessories collection of different products designed to assist the user. Personal accessories are intended to complement a customer's fashion sense as well as other distinguishing characteristics. These personal accessories come in a variety of sizes and forms, and they can also be customized to meet the needs of the customer. Personal accessory features such as ease of use, convenience, trendy touch, and basic purposes have created a trend among end users that has acquired a lot of popularity in the last few years. The coronavirus has caused the business models of the enterprises to modify according to the many short-term and maybe longer-term complications in sourcing merchandize to stock when many fashionistas have evacuated big cities. The lack of physical social activities that stimulate high-end garment and accessory purchases, as well as the reality that many Americans are hunkered down not just physically but financially and focused on purchasing for essentials. Even though many citizens had fled and lacked access to their personal closets, August 2021 saw a rebounding situation as states like New York returned to growth in the month of July. The United States Personal Accessories market consists of the following segments- product type, end user, distribution channel, region, and company. In terms of product type, the United States personal accessories market is categorized into Jewelry, Bags & Wallet, Watches, and Others (Eyewear, Belts, Caps & hats etc.). Among these, the watch market is the fastest-growing segment of the personal accessories market, with expected CAGR of approx. 10.34%. in 2026. Wearing a watch is a kind of self-expression that shows one's individuality and sense of style. The majority of people who wear watches do so as an accessory, that is, as a piece of jewelry that complements their style and appearance. Furthermore, rising disposable income, additional features and affordable pricing make it a popular fashion choice. In terms of distribution channel, the United States personal accessories market is divided into exclusive stores, multi-brand stores, specialty stores, online market, supermarket/hypermarket. Exclusive stores have the largest market share, while online sales are the fastest-growing due to factors such as the development of payment security gateways, the convenience of accessing a virtual store, which saves time and money by avoiding the need to visit the store in person, and the delivery of products ordered online to the customer's doorstep. In terms of region, the United States Personal Accessories market is segmented into South, West, North-East, and Mid-West. Among these, the North-East region of the United States is the fastest growing within the United States Personal Accessories market owning to the largest fashionable states like New York and New Jersey, with the CAGR of 8.51% and is expected to maintain its dominance throughout the forecast period. Some of the major players within the United States personal accessories market are LVMH Moët Hennessy Louis Vuitton Inc., Apple Inc., Tapestry, Inc., Richemont North America Inc., Kering Americas, Inc. (Gucci, Yves Saint Laurent, and Bottega Veneta), Pandora Jewelry Inc., CHANEL, Inc., The Swatch Group (U.S.) Inc., PRADA USA Corp, Burberry Limited. Companies. They are always involved in introducing new and fashionable products, using upgraded technology, and changing marketing techniques to grab the majority of the consumer base across the country in order to stay competitive in the United States personal accessories market. “The personal accessories market is the most volatile, since changes in design, consumer demand, and evolving retail methods such as discounts and coupons offered by the companies influence market shifts. Furthermore, post-Covid occurrence, the demand for personal accessories has increased significantly in the United States, as people have begun to step out of their homes after a year of confinement. All of these situations point towards strong growth in the personal accessories market in the upcoming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Sample Data - Snapshot United States Personal Accessories MarketSize, By Value (USD Million), 2016–2026F CAGR By Value CAGR By Value XX% YY% United States Jewelry Market Share, By Product Type, By Value, 2016 & 2026F United States Jewelry Market Share, By Distribution Channel, By Value, 2016 & 2026F
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