The Indian personal accessories market was worth USD1622.96 million in 2022 and is expected to grow at a CAGR of over 7.10% to reach USD 2406.73 million by 2028, on account of growing young population and rapid urbanization. Furthermore, rising middle-class disposable income, growing working women, increasing proliferation of international brands, and organized retail is growing in popularity and are expected to boost personal accessories sales in India during the forecast period.

 

Personal accessories are a collection of different products designed to help the consumer. Personal accessories are designed to complement a customer's fashion sense and other distinguishing characteristics. Personal accessories are any product that is used to complete a person's outfit secondarily. The consumer accessories finish an outfit and enhance the wearer's appearance. Accessories are available in various shapes, sizes, colors, and other characteristics.

 

However, higher income, increased literacy levels, increased exposure and awareness levels, higher adaptability to the internet, increasing urbanization, the changing role of women and children in the decision-making process, increased demand for better shopping experiences, and impulsive purchase behavior among young's have all contributed to a continuous and sustained shift in consumer demand patterns from necessities to lifestyle products and services fueling the India personal accessories market. Furthermore, the growth of the personal accessories market is propelled by both the demand and supply side. Consumers' needs and desires have evolved as a result of rising discretionary incomes, changing social scenarios, overall exposure to cultures and trends, and demographic advantages. In contrast, retailers' confidence has been bolstered by the corporatization of Indian fashion retail, the emergence, and acceptance of domestic brands, personalization, and new channels.

 

Western culture's influence has sparked a surge in demand of India personal accessories market

The increasing influence of fashion statements from western culture on the Indian population is boosting the demand for products in this market, such as bucket-style bags, oversize neck chains, and so on. Customers in the Indian business world are extremely sensitive and demanding. In addition, many Indian brands provide consumers with high-quality products at reasonable prices.

Indian brides prefer to accessorize themselves on their wedding day, so western-influenced fashion jewelry is rising. Brides have begun to prefer artificial or semi-precious fashion jewelry for their wedding day, which has resulted in healthy growth in recent years. The current market's choice and demand for fashion jewelry have prompted the introduction of new trends not only during the festive season but also during the wedding season.

 

E-commerce has significantly established itself as a pioneering medium for driving the market growth

The growing popularity of online retail stores is fueling India's demand for personal accessories. The market offers promising opportunities because of e-commerce. Many personal accessories brands have branched into e-commerce, allowing for widespread brand presence in Tier II and Tier III cities where brand retail shops may not exist.

Customers are divided into two categories: online and offline. Offline catering is a tried and tested product. Customers who shop offline have the opportunity to interact with the service and product, forming a tangible bond with the brand. E-commerce allows you to reach many customers, connect with Millennials, and connect with value-seekers, and is a significant first step in interacting with the brand.

 

Trending men’s accessories fueling the market growth

Due to the continuous change in fashion trends, accessories are no longer just for women. It blurs the lines between well-defined styles for men and women. Indian men have embraced Indian fashion and accessories, beginning to wear more colorful accessories such as bracelets, watches, and sunglasses, as well as demonstrating a higher level of fashion consciousness and awareness, increasing the men's personal accessories market in India. The men's accessory category requires product diversification in urban areas and further propagation and acceptance in semi-urban areas.




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Market Segmentation

The India personal accessories market is segmented based on product type, end user, distribution channel, region, and competitional landscape. Based on product type, the market is further segmented into watches, fashion jewelry, handbags and wallet, and others (eyewear, belts, etc). The end user segment, which is further segmented into female and male. The distribution channel is segmented into multi-brand stores, exclusive stores, specialty stores, online, supermarket/hypermarket, etc. The market analysis also studies the regional segmentation divided into north, west, south, and east.

 

Company Profiles

Titan Company Limited, Fossil India Private Limited (India), Timex Group India Ltd, Casio India Co. Private Limited (India), Baggit India Private Limited (India), Hidesign India Private Limited (India), Voylla Fashions Private Limited (India), Pipa Bella Accessories Private Limited (India), Da Milano Leathers Private Limited, Swatch Group (India) Private Limited. are some of the leading market players of the India personal accessories market. New market players are also actively entering the market in the recent years and further strengthening the growth of the future market growth.

Attribute

Details

Market Size Value in 2022

USD1,622.96 Million

Revenue Forecast in 2028

USD2,406.73 Million

Growth Rate

7.10%

Base Year

2022

Historical Years

2018–2022

Estimated Year

2023E

Forecast Period

2024F –2028F

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023E- 2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Product type

·         End User

·         Distribution Channel

·         Region

·         Company

Regional Scope

North, West, South and East

Key Companies Profiled

Titan Company Limited, Fossil India Private Limited (India), Timex Group India Ltd, Casio India Co. Private Limited (India), Baggit India Private Limited (India), Hidesign India Private Limited (India), Voylla Fashions Private Limited (India), Pipa Bella Accessories Private Limited (India), Da Milano Leathers Private Limited, Swatch Group (India) Private Limited.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, India Personal Accessories market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Personal Accessories Market, By Product type:
    • Watches
    • Fashion jewelry
    • Handbags and Wallets
    • Others (Eyewear, belts, etc)
  • India Personal Accessories Market, By End User:
    • Female
    • Male
  • India Personal Accessories Market, By Distribution Channel:
    • Multi-Brand Stores
    • Exclusive Stores
    • Specialty Stores
    • Online

o   Supermarket/Hypermarket

  • India Personal Accessories Market, By Region:
    • North
    • West
    • South
    • East 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Personal Accessories market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Indian Personal Accessories Market

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Affecting Purchase Decision

5.3.  Challenges Faced Post Purchase

6.    India Personal Accessories Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product type (Watches, Fashion Jewelry, Handbags and Wallets, Others (Eyewear, belts, etc))

6.2.2. By End User (Female and Male)

6.2.3.     By Distribution Channel (Multi-Brand Stores, Exclusive Stores, Specialty Stores, Online, Supermarket/Hypermarket)

6.2.4. By Region (North, West, South, East)

6.2.5. By Top 3 Leading States (In Each Region)

6.2.6. By Company (2022)

6.3.  Market Map (By Product type, By End User, By Distribution Channel, By Region)

7.    India Watches Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Category

7.2.2.     By End User

7.2.3.     By Distribution Channel

8.    India Fashion Jewelry Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Category

8.2.2.     By End User

8.2.3.     By Distribution Channel

9.    India Handbags and Wallets Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Category

9.2.2.     By End User

9.2.3.     By Distribution Channel

10.  Market Dynamics

10.1.                Drivers

10.2.                Challenges

11.  Market Trends & Developments

12.  SWOT Analysis

13.  Policy & Regulatory Landscape

14.  India Economic Profile

15.  Competitive Landscape

15.1.1.   Titan Company Limited

15.1.2.   Fossil India Private Limited (India)

15.1.3.   Timex Group India Ltd

15.1.4.   Casio India Co. Private Limited (India)

15.1.5.   Baggit India Private Limited (India)

15.1.6.   Hidesign India Private Limited (India)

15.1.7.   Voylla Fashions Private Limited (India)

15.1.8.   Pipa Bella Accessories Private Limited (India)

15.1.9.   Da Milano Leathers Private Limited

15.1.10.  Swatch Group (India) Private Limited

16.  Strategic Recommendations

17.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • Figure 1: India Personal Accessories Market Size, By Value (USD Million), 2018-2028F

    Figure 2: India Personal Accessories Market Share, By Product type, By Value, 2018-2028F

    Figure 3: India Personal Accessories Market Share, By End User, By Value, 2018-2028F

    Figure 4: India Personal Accessories Market Share, By Distribution Channel, By Value, 2018-2028F

    Figure 5: India Personal Accessories Market Share, By Region, By Value, 2018-2028F

    Figure 6: India Personal Accessories Market Share, By Company, By Value, 2022

    Figure 7: India Personal Accessories Market Map, By Product type, Market Size (USD Million) & Growth Rate(%),2022

    Figure 8: India Personal Accessories Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022

    Figure 9: India Watches Market Size, By Value (USD Million), 2018-2028F

    Figure 10: India Watches Market Size, By Category (USD Million), 2018-2028F

    Figure 12: India Watches Market Share, By End User, By Value, 2018-2028F

    Figure 13: India Watches Market Share, By Distribution Channel, By Value, 2018-2028F

    Figure 14: India Fashion Jewelry Market Size, By Value (USD Million) 2018-2028F

    Figure 15: India Fashion Jewelry Market Size, By Category (USD Million)

    Figure 15: India Fashion Jewelry Market Share, By End User, By Value, 2018-2028F

    Figure 16: India Fashion Jewelry Market Share, By Distribution Channel, By Value, 2018-2028F

    Figure 17: India Handbags & Wallets Market Size, By Value (USD Million), 2018-2028F

    Figure 18: India Handbags & Wallets Market Size, By Category (USD Million)

    Figure 19: India Handbags & Wallets Share, By End User, By Value, 2018-2028F

    Figure 20: India Handbags & Wallets Market Share, By Distribution Channel, By Value, 2018-2028F