Report ID: SQMIG25Z2012
E-Commerce Fashion Accessories Market Size, Share, Growth Analysis, By Product Type(Watches & Jewelry, Luggage & Bags, Others), By Distribution Channels(Online Retailers, Brand Websites, Specialty Stores and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25Z2012 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
63 |
Figures:
77
E-Commerce Fashion Accessories Market Regional Insights
With a projected CAGR of 16.2%, the Asia Pacific region is expected to grow its revenue share of the global market to over 50% in 2021. The region's most powerful and rapidly expanding nation was China. The market's rise is being aided by rising mobile usage and rising internet penetration. New emerging business channels and models are the other factors influencing market growth. A further significant aspect boosting market expansion is the population's rising disposable income. As a result of the aforementioned variables, the Asia Pacific market is in high demand and generates a greater amount of money.
With a revenue share of over 20% in 2021, Europe was the second-largest region by far, and it is anticipated that during the projected period, it will expand at a significant CAGR. The increasing amount of money people are spending on fashion accessories through eCommerce is credited with driving the region's growth. The rising propensity of customers for eCommerce, which is fueling the growth of the sector, can also be credited with the region's rise.
E-Commerce Fashion Accessories Market Report Snapshots
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