United States personal accessories market reached approximately USD92 billion in the year 2020 and it is anticipated to reach up to USD145 billion, by the end of 2026 and grow at a CAGR of 8.15% during the forecast period owing to rising demand for new and fashionable shapes, silhouettes, and colors of the accessories. The popularity of accessories has surged, as they are seen as a way to improve one's appearance.

In the United States, factors such as rising disposable income, increasing brand awareness, and a desire for imported items, as well as emerging organized retail and e-commerce channels and robust supply chain networks, are propelling the personal accessories business. Furthermore, the personal accessories sector in the United States is being boosted by factors such as the increasing number of fashion houses in the country and the arrival of various regional and international companies.

Jewelry, bags & wallets, and watches sectors provide additional supports to the fashion industry. As a result, its primary purpose is to give the user the impression of being well-dressed and appealing to themselves and others, making the personal accessories industry one of the most well-organized and developed.

The United States personal accessories market can be segregated based on product type, end user, distribution channel, and region. The United States personal accessories market on the basis of by product type is segmented into jewelry, bags & wallet, watches, and others (eyewear, belts, caps & hats, etc.). In comparison to other personal accessories, jewelry is the most dominant segment.

Rising per capita disposable income, an increase in the number of digital buyers, an increase in the population of high-net-worth persons (HNWIs), a soaring urban population, and an increase in the female population are some of the factors driving the jewelry market. Exclusive stores, multi-brand stores, specialty stores, online market, and supermarket/hypermarket are the distribution channels in the personal accessories market in the United States.

Exclusive stores are expected to account for the largest share in the personal accessories industry in the United States by 2026. The online channels segment, on the other hand, is predicted to develop throughout the projection period since it is more convenient and provides a wider selection of products to customers in a shorter amount of time.

In terms of region, the United States personal accessories market is categorized into south, west, north-east, and mid-west. The southern region is considered to be the one that is majorly contributing to the business. This is due to the states such as California, which has the largest population, and New York, which is a renowned fashion hub and is the utmost reason for the higher sales in the personal accessories industry.

The personal accessories market has become an attractive destination for investments and several large multinational companies are entering into this market. Some of the major players operating in this market are LVMH Moët Hennessy Louis Vuitton Inc., Tapestry, Inc., Richemont North America Inc., Apple 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. The personal accessories market in the United States is highly fragmented due to many local and international suppliers.

 

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Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

  • To analyze the historical growth in the market size of the United States personal accessories market from 2016 to 2020.
  • To estimate and forecast the market size of the United States personal accessories market from 2021 to 2026 and growth rate until 2026.
  • To classify and forecast the United States personal accessories market based on product type, end user, distribution channel, company, and region.
  • To identify the dominant region or state in the United States personal accessories market.
  • To identify drivers and challenges for the United States personal accessories market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the United States personal accessories market.
  • To identify and analyze the profile of leading players operating in the United States personal accessories market.
  • To identify key sustainable strategies adopted by market players in the United States personal accessories market.

Attribute

Details

Market Size Value in FY2020

USD 92 Billion

Revenue Forecast in FY2026

USD 145 Billion

Growth Rate

8.15%

Base Year

2020

Historical Years

2016 – 2020

Estimated Year

2021

Forecast Period

2022 – 2026

Quantitative Units

Revenue in USD Billion, and CAGR for 2016-2020 and 2021-2026

Report Coverage

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

Segments Covered

  • End User
  • Distribution Channel
  • Region
  • Top 10 Leading States
  • Company

Countries Scope

United States

Key Companies Profiled

LVMH Moët Hennessy Louis Vuitton Inc., Tapestry, Inc., Richemont North America Inc., Apple 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, etc.

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)

 

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the United States. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channel, and presence of all major players across the United States.

TechSci Research calculated the market size of the United States personal accessories market using a top-down and bottom-up approach, wherein data for various segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and distribution channel for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Manufacturers, distributors, and end users
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policymakers.
  • Organizations, forums, and alliances related to personal accessories.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as personal accessories manufacturers, distributors, dealers and policy makers. The study would also help them in deciding which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market. 

Report Scope:

In this report, the United States personal accessories market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         United States Personal Accessories Market, By Product Type:

o   Jewelry

o   Watches

o   Bags & Wallet

o   Others (Eyewear, Belts, Caps & Hats, etc.)

·         United States Personal Accessories Market, By End User:

o   Female

o   Male

·         United States Personal Accessories Market, By Distribution Channel:

    • Exclusive Stores
    • Multi-Brand Stores
    • Specialty Stores
    • Online Market
    • Supermarket/Hypermarket
  • United States Personal Accessories Market, By Region:
    • South
    • West
    • North-East
    • Mid-West
  • United States Personal Accessories Market, By Top 10 Leading States:

o   California

o   Texas

o   Florida

o   New York

o   Illinois

o   Massachusetts

o   New Jersey

o   Ohio

o   Washington

o   Michigan

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the United States 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 [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on United States Personal Accessories Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decisions

5.2.  Brand Awareness

5.3.  Challenges Faced by Customers

5.4.  Preferred Distribution Channel

6.    United States 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 (Jewelry, Watches, Bags & Wallet, and Others (Eyewear, Belts, Caps & hats etc.))

6.2.2.     By End User (Female, and Male)

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

6.2.4.     By Region (South, West, North-East, and Mid-West)

6.2.5.     By Top 10 Leading (California,Texas, Florida, New York, Illinois, Massachusetts, New Jersey, Ohio, Washington, and Michigan)

6.3.  Market Map

7.    United States Jewelry Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type (Diamond, Gold, Platinum, and Others (Silver, Pearls, etc.))

7.2.2.     By End User

7.2.3.     By Distribution Channel

8.    United States Watches Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type (Analog, Digital, Fitness)

8.2.2.     By End User

8.2.3.     By Distribution Channel

9.    United States Bags & Wallets Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product Type (Tote, Clutch, Wallets, Satchel, and Others (Hobo, Saddle, etc.))

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.  Policy & Regulatory Landscape

13.  United States Economic Profile

14.  Competitive Landscape

14.1. LVMH Moët Hennessy Louis Vuitton Inc.

14.2. Tapestry, Inc.

14.3. Richemont North America Inc.

14.4. Apple Inc.

14.5. Kering Americas, Inc. (Gucci, Yves Saint Laurent, and Bottega Veneta)

14.6. Pandora Jewelry Inc.

14.7. CHANEL, Inc.

14.8. The Swatch Group (U.S.) Inc.

14.9. PRADA USA Corp

14.10. Burberry Limited

15.  Strategic Recommendations

16.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • Figure 1:        United States Personal Accessories Market Size, By Value, (USD Billion), 2016-2026F

    Figure 2:      United States Personal Accessories Market Share, By Product Type, By Value, 2016-2026F

    Figure 3:        United States Personal Accessories Market Share, By End User, By Value, 2016-2026F

    Figure 4:        United States Personal Accessories Market Share, By Distribution Channel, By Value, 2016-2026F

    Figure 5:        United States Personal Accessories Market Share, By Company, By Value, 2020

    Figure 6:        United States Personal Accessories Market Share, By Region, By Value, 2020 & 2026F

    Figure 7:        United States Personal Accessories Market Map, By Product Type, By Value, Market Size (USD Billion) & Growth Rate (%)2020

    Figure 8:        United States Personal Accessories Market Map, By End User, By Value, Market Size (USD Billion) & Growth Rate (%)2020

    Figure 9:        United States Personal Accessories Market Map, By Distribution Channel, By Value, Market Size (USD Billion) & Growth Rate (%)2020

    Figure 10:      United States Personal Accessories Market Map, By Region, By Value, Market Size (USD Billion) & Growth Rate (%) 2020

    Figure 11:      United States Jewelry Market Size, By Value (USD Billion), 2016-2026F

    Figure 12:      United States Jewelry Market Share, By Product Type, By Value, 2016-2026F

    Figure 13:      United States Jewelry Market Share, By End User, By Value, 2016-2026F

    Figure 14:      United States Jewelry Market Share, By Distribution Channel, By Value, 2016-2026F

    Figure 15:      United States Watches Market Size, By Value (USD Billion), 2016-2026F

    Figure 16:      United States Watches Market Share, By Product Type, By Value, 2016-2026F

    Figure 17:      United States Watches Market Share, By End User, By Value, 2016-2026F

    Figure 18:      United States Watches Market Share, By Distribution Channel, By Value, 2016-2026F

    Figure 19:      United States Bags & Wallets Market Size, By Value (USD Billion), 2016-2026F

    Figure 20:      United States Bags & Wallets Market Share, By Product Type, By Value, 2016-2026F

    Figure 21:      United States Bags & Wallets Market Share, By End User, By Value, 2016-2026F

    Figure 22:      United States Bags & Wallets Market Share, By Distribution Channel, By Value, 2016-2026F