Market Snapshot:
Luxury wallets are the flat pouches which are used to carry a personal items like cash, Credit or debit cards, Identification documents, lamination documents, Photographs, etc. This Luxury Wallets are often Made by the leather or the fabrics. It can be carry in a pocket. Luxury wallets are generally pocket sized and foldable. Luxury Wallets include money clips, coin purses, a chain fastener, strap or a zipper.
Highlights from Luxury Wallets- Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Versace (Italy), Prada (Italy), Kering SA (France), Dolce and Gabbana (Italy), Montblanc (Germany), Tom Ford (United States), Fendi (Italy), Givenchy (France), Balenciaga (France) and Louis Vuitton (France). Additionally, other players that are part of this comprehensive study are Gucci (Italy), Berluti (France), Armani (Italy), Burberry (United Kingdom) and Bally (Switzerland).
Geographic Breakdown and Segment Analysis
The Global Luxury Wallets- market presents a comprehensive analysis of the Luxury Wallets- market by product type (Bi-fold Luxury Wallets, Tri Fold Wallets, Slim Wallets, Card Case Wallets, ID Card Wallets, Money Clip Wallets and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Luxury Wallets- industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Luxury Wallets- market
Analyst at AMA have segmented the market study of Global Luxury Wallets- market by Type, Application and Region.
Influencing Trend:
Various Designs Available on Luxury Wallets for Men and Women, Innovation of Digital Luxury Wallets and Innovation of Sensor Based Luxury Wallets
Market Growth Drivers:
Increasing Demand in cash and Important Documents carrying while Travel
Challenges:
Limited Color Options Available for Luxury Wallets, Availability of Cheap wallets as a substitute for Luxury Wallets and High Competition among Brand of Premium Luxury Wallets
Restraints:
Initially High Price Than Normal Pocket Wallets
Opportunities:
Growing Leather and Fabric Industry and Growing Luxury Fashion Industry
On 17 January 2022, Fendi took a step in a new direction and released crypto hardware wallet accessories with its latest collaboration with Ledger, a global digital asset management platform. The Italian luxury fashion house, with its partner, debuted a collection of tech accessories on web3.
The market for Luxury Wallets is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Key Target Audience
Luxury Wallets Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others