According to a new report, published by KBV research, The Global E-commerce Fashion Accessories Market size is expected to reach $630.2 billion by 2030, rising at a market growth of 15.0% CAGR during the forecast period.
The Luggage & Bags segment is showcasing a CAGR of 15.2% during (2023 - 2030). Fashionable bags often offer versatility in their design and functionality. Many can be used for multiple purposes, whether a tote bag that doubles as a work bag or a backpack that transitions seamlessly from casual to formal settings. High-quality, fashionable luggage and bags are often crafted with durable materials and meticulous craftsmanship. This means they not only look good but are also built to withstand the rigors of travel and daily use. The luggage & bags segment includes various bags, such as wallets, suitcases, and briefcases. The use of luggage and bags has increased and become necessary among youthful users. In addition, developing a new product, increasing consumer awareness of new products, and increasing investment in technology all contribute to expanding the luggage & bags industry.
The Asia Pacific region dominated the Global E-commerce Fashion Accessories Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $325.9 Billion by 2030. The Europe market is anticipated to grow at a CAGR of 14% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 15.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/e-commerce-fashion-accessories-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of H & M Hennes & Mauritz AB, Walmart, Inc., Amazon.com, Inc., Nike, Inc., Industria de Diseno Textil, S.A. (Inditex S.A.), eBay, Inc., ASOS Plc (Frasers Group), Revolve Group, Inc., Zalando SE, and Nordstrom, Inc.
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