Market Overview:
The global belts and wallets market size is expected to reach USD 47.20 billion by 2032, exhibiting a CAGR of 7.9% during the forecast period.
The growing demand for leather products, such as wallets and belts, presents promising opportunities for companies in the sustainable sector. Leather wallets and pouches are favored for everyday use due to their durability and stylish appeal. Moreover, leather retains its smooth texture and strength even when folded, offering enhanced comfort when carried in a pocket. This contrasts with materials like plastic or nylon, which can be rigid and uncomfortable. As a result, leather products continue to be a preferred choice among consumers seeking both functionality and aesthetics.
- Aditya Birla
- Burberry
- Diesel Fashion & Ralph Lauren.
- Guccio Gucci
- Lejon & Vintage Bison
- LEVI STRAUSS
- Marshall Wallet
- PUMA
- Titan Company
- Tommy Hilfiger licensing
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The research report categorizes the market into various segments and sub-segments. The primary segments covered in the study include type, application, end use and region. The splitting of the market into various groups enables businesses to understand market preferences and trends better. Also, stakeholders can develop products/services that align with the diverse needs of consumers in the industry. Besides, the research study includes a thorough examination of all the major sub-segments in the market.
Microprinting Market, Product Outlook (Revenue – USD Billion, 2019-2032)
- Wallets
- Belts
Microprinting Market, Material Outlook (Revenue – USD Billion, 2019-2032)
- Leather
- Non-Leather
Microprinting Market, End-use Outlook (Revenue – USD Billion, 2019-2032)
- Men
- Women
Microprinting Market, Distribution Channel Outlook (Revenue – USD Billion, 2019-2032)
- Offline
- Online
Recent Developments:
- Lejon & Vintage Bison Partners with Nexbelt (July 2023)
Lejon & Vintage Bison announced a collaboration with Nexbelt to create premium-quality ratchet belts. This partnership is rooted in their shared commitment to innovation and state-of-the-art technology, aiming to craft belts that reflect their belief in the superiority of all belt styles.
The evolving fashion landscape and the growing preference for these accessories among professionals worldwide predominantly influence the Belts and Wallets market. Particularly among millennials, belts and wallets have gained prominence as essential fashion statements. Furthermore, the increasing demand for leather belts and wallets among the younger demographic is expected to fuel market expansion in the foreseeable future. Manufacturers operating in the sustainable sector stand to benefit significantly from this trend, as the surge in demand for leather goods aligns with growing consumer awareness of sustainability and ethical production practices.