What is Men Belts Market?
Men belts are flexible band or strap, typically made of leather or heavy cloth and worn around the waist, which is usually of less circumference than the hips underneath. These belts are generally designed for secure or hold up clothing, like trousers or other articles of clothing, in a manner similar to suspenders and garters. They are often used as a fashion accessory, with different types of styles, colors, and finishes. They are worn for both function and style. The material used in these belts is very important and cow leather is the most used belt leather. The colorful belts are made of polyester or nylon.
The market study is being classified by Type (Formal Belts and Casual Belts), by Application (Business Wear, Jeans Wear, Summer Casual Wear and Others) and major geographies with country level break-up.
RM Williams (Australia), Christian Dior SE (France), Loro Piana (Italy), Hermès International S.A. (France), Berluti (France), Louis Vuitton (France), Burberry (United Kingdom), Loewe (Spain), Ralph Lauren Corporation (United States) and Prada S.p.A. (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Bottega Veneta (Italy), Tiger Of Sweden (Sweden) and Gucci (Italy).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Italian Vendors will contribute to the maximum growth of Global Men Belts market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Men Belts market by Type, Application and Region.
On the basis of geography, the market of Men Belts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Disposable Income of the People
- Increased Number of Online Customers
- High Demand for Genuine Leather Belts
Market Trend
- Growing Awareness among People about Fashion Trends
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growing E-commerce Industry Worldwide
- Increased Penetration of the Internet
- Increasing Demand from End-users
Challenges
- Availability of Substitute Products in the Market
Key Target Audience
Men Belts Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users