DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ldw7s9/global_personal) has announced the addition of the "Global Personal Accessories Market 2015-2019" report to their offering.
The global personal accessories market is expected to grow at a CAGR of 9.01% for the forecast period of 2014-2019.
This report on the global personal accessories market is structured keeping in mind the jewelry, bags, watches, and writing and marking instruments markets. The personal accessories market is considered to be a very niche market, which is slowly making its mark on the global forum. India, US, and China are the largest jewelry markets. The bags and watches markets are expected to grow due to innovation and technological advancements while the writing and marking instruments market is expected to grow due to an increase in literacy levels.
According to the report, there has always been a relationship between luxury items and special occasions such as birthdays, anniversaries and weddings. The sale of personal accessories such as jewelry, bags, and watches have become a part of various occasions, thereby driving market growth. In India and China, gold jewelry is regarded as a favorable stock of value; this makes it a perfect gift for weddings. Similarly, watches are ideal gifts for occasions such as birthdays and anniversaries.
Further, the report states that high fragmentation of the market, leading to fierce competition, hinders market growth.
The market size is calculated taking into consideration the retail sales of the following product segments:
- Jewelry (fine jewelry and fashion jewelry)
- Bags (handbags, luggage, backpacks, cross body bags, wallets, purses and pouches, business bags, duffle bags, business bags and small bags)
- Writing instruments
- Prada Group
Other Prominent Vendors
- AT Cross Company
- Burberry Group
- Compagnie Financière Richemont
- Dolce & Gabbana
- Gitanjali Group
- Giorgio Armani
- Hugo Boss
- Kalyan Jewellers
- Ralph Lauren
- Swatch Group
- Tiffany & Company
- Titan Company
- Tod's Group
- Tory Burch
For more information visit http://www.researchandmarkets.com/research/ldw7s9/global_personal