Thewallets market and it is poised to grow by USD 5.72 bnduring 2020-2024, progressing at a CAGR of over 6% during the forecast period.The report offers an up-to-date analysis regarding the current market scenario,latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation willaccelerate during the forecast period. Kering SA, LVMH Moët Hennessy - LouisVuitton, Mulberry Co. Ltd., Ralph Lauren Corp. and Tapestry Inc. are some ofthe major market participants. Although the wide availability of wallets onlinewill offer immense growth opportunities, threat of counterfeit products willchallenge the growth of the market participants. To make the most of theopportunities, market vendors should focus more on the growth prospects in thefast-growing segments, while maintaining their positions in the slow-growingsegments.
Wide availability of wallets online has been instrumental in driving thegrowth of the market. However, threat of counterfeit products might hampermarket growth. Request a free sample report
Wallets Market 2020-2024: Segmentation
Wallets Market is segmented as below:
· Conventional Wallets
· Smart-connected Wallets
· North America
· South America
Wallets Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,synthesis, and summation of data from multiple sources. Our wallets market reportcovers the following areas:
· Wallets Market Size
· Wallets Market Trends
· Wallets Market Industry Analysis
This study identifies rising popularity of eco-friendly wallets as oneof the prime reasons driving the wallets market growth during the next fewyears.
Wallets Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in thewallets market, including some of the vendors such as Kering SA, LVMH MoëtHennessy - Louis Vuitton, Mulberry Co. Ltd., Ralph Lauren Corp. and TapestryInc. Backed with competitive intelligence and benchmarking, our researchreports on the wallets market are designed to provide entry support, customerprofile and M&As as well as go-to-market strategy support.