全球服装配饰市场前景及投资研究报告-培训课件外文版2024.4

INDUSTRIES

&

MARKETSAccessories:

market

dataanalysis

&

forecastMarket

Insights

reportDecember

2023MARKET

INSIGHTSThis

report

is

part

ofour

Market

Insights

productGain

abetter

understanding

ofmarkets

across

190+

geographical

entities

–

onaglobal,

regional,

country,

and/or

statelevel.

Access

our

data

via

webinterface,

download

(XLS,

PDF,

PPT),

or

reports.

Benefit

from

our

48-hourcustomer

service

guarantee.•10

sectors:

advertising

&

media,

consumers,

countries,

digital

sector,finance,

health,

industrial

sector,

mobility,

and

technology1,000+

markets,

e.g.,

FinTech,

Food,

orRobotics•••KPIs,

e.g.,

revenue,

market

shares,

prices,

and

volumeFeatures:

Compare

countries

&

regions,

change

currencies,

selectvisualizations,

and/or

customize

downloads•Use

cases:

sales

planning,

investment

decision

support,

resourceallocation,

and

portfolio

management10190+geographicalentities1,000+400+Find

out

more

on:https://www.sectorsmarketsreportsGo

toMarketInsightscom/outlook/2MARKET

INSIGHTSMarke

t

Insights

–

market

data,forecasts,

and

qualitative

insights10190+geographicalentities1,000+400+Find

out

more

on:AccessoriessectorsmarketsreportsGo

toAccessories

market3AgendaMarket

OutlookOverviewAppendix59Product

OverviewAuthor6468Market

SizeMarket

InsightsMarket

DriversConsumer

InsightsTrends1320232629Key

PlayersMarketsWatches

&

JewelryLuggage

&

Bags35494CHAPTER

01Market

Overview•

Market

definition•

Market

segmentation•

Key

takeawaysThe

Accessories

market

is

a

part

of

everyday

lifeOverview:

Market

definitionMarket

definitionIn

scopeOut

of

scopeThismarket

excludes:•SunglassesThe

Accessories

market

refers

to

a

range

of

products

designed

for

private

endconsumers.

The

market

is

diverse

and

encompasses

various

product

categoriessuch

as

Watches&

Jewelry

and

Luggage

&

Bags.

Productslike

watch

parts

orwatchbands,

non-wearable

items

or

protective

bags

and

cases

for

electronicdevices

such

as

notebooks

or

cameras

are

not

included

in

the

market.Thismarket

includes:•Watches

and

Jewelry•Luggageand

Bags•Phone

or

tabletcoversThemarketcomprises

revenue,

and

averagerevenueper

capita.

Figures

aregenerated

through

both

online

andoffline

sales

channels.

Players

operating

in

themarket

are

leaders

in

their

respective

segments

and

are

known

for

theirinnovativeproducts,

brand

reputation,

and

extensive

distribution

networks.•Small

leather

goods•Gloves,

scarfs,

hats,

and

umbrellas•Bracelets

and

belts•Handbags•Hair

accessories6Sources:Market

Insights

2023The

Accessories

market

consists

of

2

sub-mar

ke

t

sOverview:

Market

segmentationWatches&

JewelryAccessoriesLuggage

&

Bags7China

generated

the

most

revenue

in

the

Accessories

market

with

US$

98.3billion

in

2022Overview:

Key

takeawaysHighlightsRevenue

in

the

Accessories

market

amounts

to

US$

551.10

bn

in

2023.

The

marketis

expected

to

grow

annually

by

2.6%

(CAGR(1)

2023-2028).Themarket's

largestsegmentis

the

segmentWatches

&

Jewelry

with

a

marketvolume

of

US$

374.10

bn

in

2023.In

global

comparison,

most

revenue

is

generated

in

the

China

(US$

109.60

bn

in2023).In

relation

to

total

population

figures,

per

person

revenues

of

US$

71.72

aregenerated

in

2023.8Notes:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2023Sources:CHAPTER

02Market

Size•

Worldwide

revenue•

Worldwide

average

revenue

per

capita•

Worldwide

sales

channelWorldw

id

e

Accessories

market

revenue

will

reach

US$667.7

billion

by

2028Market

size:

Worldwide

(1/3)Revenue

in

billion

US$667.72.6%(1)646.0624.2601.7578.3551.1527.0517.7494.6489.3433.02018201920202021202220232024202520262027202810

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2023Average

revenue

per

capita

for

the

Accessories

market

is

estimated

to

increaseat

a

CAGR(1)

of

1.7%

from

2018

to

2028Market

Size:

Worldwide

(2/3)Average

revenue

per

capita

in

US$1.7%(1)83.581.479.377.074.671.770.370.965.464.257.72018201920202021202220232024202520262027202811

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2023Offline

sales

continue

to

dominate

the

global

Accessories

marketMarket

Size:

Worldwide

(3/3)Online/offlinerevenuedistribution11.914.316.123.624.275.823.625.125.628.128.888.185.783.976.376.574.974.471.971.22017201820192020202120222023202420252026OfflineOnline12Sources:Market

Insights

2023CHAPTER

03Market

Insights•

Analyst

opinion•

Worldwide

market

comparison•

Regional

comparison•

Country-level

comparisonThe

Accessories

market

is

closely

tied

to

global

tourism

trends

where

socialinteractions

and

evolving

brand

roles

shape

consumer

choicesMarket

Insights:

Analyst

opinionGlobal

tourism

is

growing

faster

than

theoverall

global

economy.

More

people

are

The

changing

global

tourism

landscape

is

blending

travel,

fashion,and

brandtraveling

to

explore

foreign

countries

and

cultures,

contributing

significantly

toeconomic

prosperity.

Low-cost

airlines

make

international

travel

easier,

leading

to

a

no

longer

solely

shaped

by

traditional

marketing

but

also

by

dynamic

socialtrend

of

shopping

in

global

markets.

Consumers

are

particularly

excited

about

interactions.

Brands

need

to

adapt

to

thisevolving

paradigm

to

stay

relevant

in

thebuying

accessories

abroad

to

addindividuality

to

their

wardrobes.

This

reflects

the

eyes

of

the

modern,

socially

connected

consumer.

This

interconnected

relationshipawareness,presenting

both

opportunities

and

challenges.

Consumer

choices

aredynamic

connection

between

tourism,

shopping,

and

personal

style

preferences.between

tourism,

accessories,

and

brand

perception

reflects

the

complex

interplayof

economic,

cultural,

and

technological

factors

defining

today's

globalmarketplace.In

today's

changing

landscape,

brands

play

acrucial

role

in

shaping

whatconsumers

choose,

especially

when

buying

accessories.

Recently,

the

way

peopleperceive

brands

has

shifted

significantly

due

to

the

widespread

impact

of

socialmedia

and

influential

bloggers.

Social

media

has

become

a

powerful

platform

thatshapes

how

brands

are

seen,

influencing

consumer

opinions

and

the

specificaudience

a

brand

appeals

to.

This

interplay

between

brands,

social

media,

andbloggers

is

transforming

how

accessory

industry

operate,

enriching

the

overallconsumer

experience.14Sources:Market

Insights

2023The

Luggage

&

Bags

market

has

the

highest

growth

potential

with

a

CAGR(1)

of6.1%

from

2022

to

2028Market

Insights:

Worldwide

market

comparisonRevenue

in

billion

US$+5.0%(1)448.90335.70+6.1%(1)218.90153.60Watches

&

JewelryLuggage&

Bags2022202815

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2023With

revenue

of

US$

262.0

billion,

Asia

is

the

biggest

market

among

selectedregions,

in

2022Market

Insights:

Regional

comparison

(1/2)Revenue

in

billion

US$+5.5%(1)361.3262.0+3.4%(1)+5.7%(1)148.1+9.3%(1)54.9121.395.7+6.7%(1)68.732.25.220227.6202220282022202820222028202220282028EuropeAfricaAmericasAsiaAustralia

&

Oceania16

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2023With

average

revenue

per

capita

of

US$

122.1,

Australia

&

Oceania

is

the

biggestmarket

among

selected

regions,

in

2022Market

Insights:

Regional

comparison

(2/2)Average

revenue

per

capita

in

US$+5.5%(1)168.2+2.8%(1)142.2+5.7%(1)113.6120.8122.1+4.9%(1)77.781.3+6.9%(1)38.758.425.92022202820222028202220282022202820222028EuropeAfricaAmericasAsiaAustralia

&

Oceania17

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2023With

a

revenue

of

US$

98.3

billion,

the

China

has

the

biggest

Accessoriesmarket

in

2022Market

Insights:

Country-level

comparison

(1/2)Revenue

in

billion

US$+5.9%(1)138.4+5.6%(1)118.1+2.7%(1)107.998.392.085.3+4.5%(1)27.6+4.3%(1)14.0202821.110.9202220282022202820222028202220282022ChinaUnited

StatesIndiaJapanUnited

Kingdom18

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2023The

United

States

has

the

highest

average

revenue

per

capita,

amounting

toUS$

272.0

in

2022Market

Insights:

Country-level

comparison

(2/2)Average

revenue

per

capita

in

US$+2.2%(1)309.5+5.1%(1)272.0+4.0%(1)203.4229.8170.6161.1+5.9%(1)97.0+4.7%(1)79.268.660.22022202820222028202220282022202820222028ChinaUnited

StatesIndiaJapanUnited

Kingdom19

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2023CHAPTER

04Market

Drivers•

Consumer

spending•

TourismIn

2021,

consumer

spending

in

the

United

States

reached

US$46,167Market

Drivers:

Consumer

spending(1/2)Consumer

expenditure,

shaped

by

factors

such

as

income,

debt

obligations,

andconfidencelevels,

serves

as

a

pivotal

driver

of

economic

growth.

The

escalation

ofdisposable

and

per-capita

incomes

substantiates

heightened

demand,

indicative

ofenhancedliving

standards.

Nevertheless,the

surge

in

household

indebtedness,notably

propelled

by

escalating

healthcare

expenses,

contributes

to

the

escalationof

global

debt

levels.

Consumer

confidenceplays

a

pivotal

role

in

shaping

spendingpatterns,

hinging

on

perceptions

of

economic

stability

and

future

outlooks.

Thesubstantial

and

anticipated

growth

in

consumer

spending

within

the

United

Statesserves

as

astrong

indicator

of

aresilientindustry

and

overall

economic

expansion.Per-capita

consumer

spending

in

US$

in

2021U.S.46,167UK26,395GermanyFranceItaly25,26623,25520,47721Sources:Market

Insights

2023,

UnitedNationsEurope

will

continue

to

be

the

primary

destination

for

global

tourists,

leading

toan

increase

in

the

demand

for

accessoriesMarket

Drivers:

Tourism

(2/2)The

global

tourism

marketis

steadily

growing,

supported

bygovernment

bodiesand

organizations

like

the

World

Tourism

Organization

(UNWTO).

Adventuretourism

is

a

well-known

concept,and

an

increasing

number

of

people

travel

tosports

events

such

as

the

FIFA

World

Cup

or

Olympics.

Another

significant

factor

isthe

rising

per-capita

income

worldwide,

enabling

people

to

afford

travel

and

spendmore

on

fashion

items

during

their

journeys.Internationaltourist

arrivals

in

million1.75611741.5419293631.3298262531.1306231448TheCOVID-19

pandemic

brought

global

tourism

to

anear

standstill

in

2020,

withtravel

becoming

increasingly

difficult.

This

resultedin

a

dramatic

decline

ininternational

touristarrivals

from

2019

to

2020.

In

2021,

Europe

accounted

forapproximately

59%

of

global

arrivals,

totaling

550

million

tourists.

France

and

Italyalone

contributed

to

arounda

quarter

of

this

number.43935343772005307744251411702416403177116930While

Europe

is

expected

to

maintainits

position

as

a

top

international

touristdestination,

there

is

a

growing

interest

in

Asia.

This

shiftis

influenced

by

theemergence

of

an

affluent

local

middle

class

and

increasing

attractiveness

fortourists

from

the

Americas

and

Asia,

reflecting

the

broader

global

economic

trendtowards

Asia.830730550460202020212022202320242025EuropeAsiaAmericasAfricaAustralia

&

Oceania22

Notes:Sources:Market

Insights

2023,Key

Market

Indicators

based

on

World

BankCHAPTER

05Consumer

Insights•

Regional

comparisonIndia

is

placing

specific

emphasis

on

fashion

brands,

whereas

awareness

ofEuropean

brands

remains

comparatively

limitedConsumer

Insights:

Regional

comparison

(1/2)Awareness

for

bags&

accessories

and

clothing

brandsbags

&

accessories40%IndiaIndonesiaEgypt35%30%25%20%15%10%5%MalaysiaAustraliaItalySouth

KoreaIrelandBrazilGreeceKenyaChinaU.S.Finland

FranceSwedenMoroccoColombiaArgentinaJapanSwitzerlandDominican

RepublicBelgiumMexicoSpainIsraelUKAustriaChileCanadaDenmarkHungaryLithuania

GermanyCzechia0%0%5%10%15%20%25%30%35%40%45%50%clothing55%60%65%70%75%80%85%90%95%100%24

Notes:Sources:In

whichofthese

categories

doyoupayparticular

attentiontobrands?”;

MultiPick;

n=262,957GlobalConsumer

Survey

2022;

Data

from:Julyand

September

2021On

an

average,

28%

purchase

premium

or

luxury

bags

and

accessoriesConsumer

Insights:

Regional

comparison

(2/2)Relevanceof

premium

or

luxury

bags

&

accessories44%32%31%30%28%27%25%25%24%22%25

Notes:Sources:"In

whichofthese

productcategories

doyoualso

buy

premium

or

luxury

items?“;

MultiPick;

n=

137,975GlobalConsumer

Survey

2022;

Data

from:September

2021CHAPTER

06Tre

nds•

Secondhand

Sales•

DTC

salesSecondhand

Sales

Take

Center

Stage

in

the

Accessories

MarketTrends:

Secondhand

SalesIn

the

accessories

market,

the

inclination

towards

purchasing

secondhand

products

Apart

from

customer

motivations

for

acquiring

secondhand

accessories,

a

pivotalis

gaining

prominence

for

various

reasons.

The

June2021

publication

of

"The

State

factor

bolstering

this

trendis

the

advent

of

digitalization

and

the

establishment

ofof

Fashion"

elucidates

the

reasons

behind

the

escalating

trend

in

the

watch

market,

online

channels.

Platforms

such

as

eBayand

Facebook

Marketplace

facilitate

directwith

implications

for

the

entire

accessories

market.

Beyond

the

conventionalperception

of

secondhand

buying

solelyas

a

means

of

seeking

bargains,there

arenow

three

distinct

customer

segments

actively

engaging

in

such

transactions.transactions

between

individuals,

while

other

retailers,

including

VestiaireCollective,

The

RealReal,

and

Rebelle,

cater

to

those

looking

to

resell

used

products.For

instance,

Rebelle

focuses

on

facilitating

individuals

and

secondhand

shops

toshowcase

and

sell

their

products

through

its

online

platform,

ensuring

theauthenticity

and

quality

of

the

items,

while

maintaining

fair

pricing.

In

a

similar

vein,Thefirst

category

comprises

enthusiasts

of

limited-edition

accessories,

seekingparticular

models,

years,

or

editions

that

are

challenging

to

procure

throughtraditional

retail

channels.

The

second

group

consists

of

value

seekers

who

pursue

the

Facebook

Marketplace

provides

a

platform

for

users

of

the

Facebook

networkaccessories

they

desire

but

are

unwilling

to

pay

the

full

price

associatedwith

newproducts,

especially

those

from

luxury

brands.

Thirdly,

the

growing

emphasis

onsustainability

motivates

individuals

to

opt

for

secondhand

products,

conveying

amessage

about

the

environmental

impact

of

constant

new

product

production.to

engage

in

the

buying

and

selling

of

used

goods.

Given

the

substantial

user

baseand

widespread

familiarity

with

the

Facebook

platform,

the

marketplace

holdsconsiderable

potential

within

the

realm

of

the

secondhand

sales

of

the

accessories.27Sources:

Wayfair,

Ikea,

NitoriHoldings,JYSKBrands

are

increasingly

favoring

Direct-to-Consumer

(DTC)

sales

to

establishdirect

communication

with

customers

in

the

accessories

market.Trends:

DTCsalesIn

the

market,

Direct-to-Consumer

(DTC)

channels

are

experiencing

rapidexpansion.

This

trend

extends

beyond

the

watch

market

and

encompasses

theentire

accessorymarket.

Both

brands

and

consumers

stand

to

benefit

from

DTCsalesin

distinctive

ways.For

customers,the

primary

allure

of

DTCsales

lies

in

the

opportunity

for

closerinteractionwith

the

accessorybrands

they

patronize.

Through

onlinecommunication

and

interactive

experiences

on

brand

websites

and

online

stores,customers

gain

valuable

insights

into

their

favorite

brands.

Queries

about

thebrand

and

its

products

can

be

more

effectively

addressed

by

the

brand'sownemployees,

as

opposed

to

retail

staff

who

merely

serve

as

conduits

for

productsales.Traditionally,

accessoryproducts

were

procured

through

retailers

serving

asintermediaries

between

brands

and

customers.

However,

brands

are

increasinglyrecognizing

the

advantages

of

DTC

sales.

Not

only

does

this

model

enable

directengagementwith

customers,

thereby

enhancing

awareness

of

brand

activities,

butit

also

allows

brands

to

realize

significant

cost

savings

associatedwith

thedistribution

and

sale

of

products

through

traditional

retail

channels.The

phenomenon

of

DTCsalesis

a

product

of

the

ever-expanding

digital

landscape.In

today's

world,

characterized

by

heightened

social

media

presence

andincreasingly

interactive

websites,

establishing

close

contact

between

customers

andaccessorybrands

has

never

been

more

accessible.

The

prevalence

of

e-commerce,coupled

with

the

evolving

preferences

of

new

generations,

further

underscores

theease

and

attractiveness

of

DTCsales

for

both

consumers

and

accessorybrands..28Sources:

Present

Digital,,Wayfair,

Ikea,

NitoriHoldings,JYSK,

Google

PlayCHAPTER

07Key

Players•

LVMH•

Richemont•

Swatch

Group•

SamsoniteLVMH

is

the

world's

largest

luxury

goods

company,

covering

cosmetic,champagne

and

fashion

brandsKey

Players:

LVMHLVMH

Moët

Hennessy

Louis

Vuitton

SE,

or

LVMH,

holds

the

global

leadershipposition

in

the

luxury

goods

industry.

The

French

companywas

establishedin

1987through

the

merger

of

Louis

Vuitton

and

Moët

Hennessy.

Louis

Vuitton,

foundedin1854

as

a

renowned

suitcase

and

bag

manufacturer,

Moët

et

Chandon,

a

traditionalchampagne

producer

since

1743,

and

Hennessy,

a

cognac

producer

since

1765,were

the

founding

entities.

Currently,

LVMH

oversees

approximately

60Worldwide

revenue

in

billion

US$(1)83.476.060.1subsidiaries,

including

Givenchy,

Loewe,

Fendi,

Bvlgari,

TAG

Heuer,

and

Rimowa.55.351.02018201920202021202230

Notes:(1)

Converted

from

EUR

toUSD

using

exchange

ratesSources:

LVMHRichemont

stands

up

against

strong

headwinds

in

hard

luxuryKey

Players:

RichemontWorldwide

sales

in

billion

US$(1)Founded

in

1988,

Swiss

company

Compagnie

Financière

Richemont

SA

serves

as

a20.2holding

companyfor

the

international

assets

of

South

Africa's

Rupertfamily,

whoremain

the

primary

shareholders.

Richemont

specializes

in

hard

luxury,

particularlyWatches&

Jewelry,

boasting

globally

recognized

brands

such

as

A.

Lange

&

Söhne,Cartier,

IWC

Schaffhausen,

Jaeger-LeCoultre,

Piaget,

and

Van

Cleef

&

Arpels.

Whilechallengesin

the

hard

luxury

segment

anda

difficult

Asian

market

had

previouslyimpacted

revenue

growth,

the

companyexperienced

an

increase

in

salesin

2020,reaching

aglobal

revenueof

US$16.3

billion.

However,

revenue

decreased

again

in2021.16.315.715.613.02018201920202021202231(1)

Converted

from

EUR

toUSD

using

exchange

ratesSources:

RichemontSwatch

Group

is

the

world's

largest

watchmaking

group

and

supplies

nearly

allthe

componentsKey

Players:

Swatch

GroupFounded

in

1983

through

the

merger

of

ASUAG

and

SSIH,

The

Swatch

Group

AGhas

expanded

through

the

acquisition

of

various

watchmaker

companies.

In

1992,Swatch

Holding

acquired

Blancpain

S.A.,

one

of

the

oldest

wristwatch

brands.Breguet

S.A.

joined

the

groupin

1999,

while

Longines

and

Omega

were

already

partof

the

companies

pre-merger.Worldwide

revenue

in

billion

US$(1)8.78.38.07.9The

Swatch

Group's

key

competitors

include

Rolex,

LVMH

(with

TAG

Heuer,

Bvlgari,and

Zenith),and

Richemont

(with

Cartier,

IWC,

Piaget,

and

Montblanc)6.02018201920202021202232

Notes:

(1)

Converted

from

CHF

toUSD

using

the

exchange

rateSources:

Swatch

GroupSamsonite

is

the

world’s

best-know

n

and

largest

travel

luggage

companyKey

Players:

SamsoniteWorldwide

revenue

in

billion

US$Establishedin

1910

byJesse

Shwayder,

Samsonite

International

S.A.

stands

as

oneof

the

world's

largest

luggage

manufacturers

and

retailers,

operatingin

over

130countries.

Originating

in

Denver,

Colorado,

United

States,

the

companyisheadquartered

in

Luxembourg.3.83.6Samsonite's

core

product

offerings

encompass

luggage,

business

and

computerbags,

outdoor

and

casual

bags,

and

travel

accessories.

Among

its

well-knownbrands

are

the

flagship

'Samsonite,'

along

with

American

Tourister,

High

Sierra,

andHaltmann.

Notably,

approximately

40

percent

of

its

hard

luggage

is

producedinIndia..2.92.01.520182019202020212022(2)33

Notes:Sources:

SamsoniteAgendaMarket

OutlookOverviewAppendixxxxxxxxProduct

OverviewAuthorxxMarket

SizeMarket

InsightsMarket

DriversConsumer

InsightsTrendsKey

PlayersMarketsWatches

&

JewelryLuggage

&

Bagsxx34MARKETSWatches

&

JewelryCHAPTER

01Overview•

Market

definition•

KeytakeawaysThe

Watche

s

&

Jewelry

market

includes

analog

and

digital

watches

as

well

asfashion

and

jewelryOverview:

Market

definitionMarket

definitionIn

scopeOut

of

scopeThis

market

excludes:•

Watch

partsThe

Watches&

Jewelry

market

consists

of

both

Watches

&

Jewelry.TheWatches

&

Jewelry

marketis

divided

into

two

segments:This

market

includes:•

Analog

and

digital

watches

as

wellas

smartwatchesThe

Watches

market

only

includes

different

types

of

devices

used

to

indicate

ormeasure

time

that

are

either

worn

around

the

wrist

orin

a

pocket.

Both

analog

anddigital

watches

as

well

as

smartwatches

are

included.•

Watchbands•

Fashion

and

high

jewelry•

Non-wearable

fashion

accessoriesThe

Jewelry

market

covers

rings,

necklaces,

earrings,

bracelets,

brooches,

and

othersmall

decorative

items

that

are

worn

for

personal

ornamentation.37Sources:Market

Insights

2023Watche

s

&

Jewelry

accounted

for

68.50%

of

the

Accessories

market

revenue

in2022Overview:

Key

takeawaysHighlightsRevenue

in

the

Watches&

Jewelry

market

amounts

to

US$374.10bn

in

2023.

Themarketis

expected

to

grow

annually

by

2.6%

(CAGR(1)

2018-2028).In

global

comparison,

most

revenueis

generated

inChina(US$90.09bn

in

2023).In

relation

to

total

population

figures,

per

person

revenues

of

Watches&

Jewelrymarket

amounts

to

US$48.69

in

2023.38

Notes:Sources:(1)

CAGR:

CompoundAnnualGrowthRateMarket

Insights

2023CHAPTER

02Market

Size•

Worldwide

revenue•

Worldwide

average

revenue

per

capita•

Brand

ShareWatche

s

&

Jewelry

revenues

are

estimated

to

increase

at

a

CAGR(1)

of

2.6%

from2018

to

2028Market

Size:

Worldwide

(1/3)Revenue

in

billion

US$448.86+2.6%(1)374.1375.75433.9688.95418.9186.29405.1183.13390.6979.8191.66354.4673.30348.2172.70342.5166.38335.7166.07307.6955.99357.202028345.012027332.622026321.982025310.882024298.38275.512018281.162019276.132021269.64251.70202020222023JewelryWatches40

Notes:Sources:(1)

CAGR:

Compoun