The global clothing accessories industry is worth close to $16.5 billion, according to research from Packaged Facts. During the economic recession, many consumers opted to buy accessories instead of more expensive items of clothing(Accessories can be sold even in recession). Spending patterns concerning accessories are slightly different than clothing purchases as accessories are often bought on impulse or as add-on purchases. The world clothing accessories market is expected to exceed $20 billion by 2012.
The global clothing accessories market is expected to see growth resume in the post recession period. Consumer confidence is recovering from the lows of the economic recession, with shoppers more willing to splash out on luxury and non-essential items. As consumers become increasingly conscious about the environment, demand for environmentally friendly luggage will rise(focus more on environmental friendly products, could also be used as a marketing strategy).
This U.S. industry comprises establishments primarily engaged in manufacturing women's handbags and purses of any material (except precious metal). This 6-digit NAICS industry (316992) is under the hierarchy of Other Leather and Allied Product Manufacturing Industry (31699), Leather and Allied Product Manufacturing Subsector (316), and the Manufacturing Sector (31-33). Revenue, Profitability & Foreign Trade Preview
The industry's revenue for the year 2010 was approximately $351.1 million USD, with an estimated gross profit of 51.29%. Import was valued at $2.3 billion USD from 111 countries. The industry also exported $256.2 million USD worth of merchandise to 117 countries. Adding import value to and subtracting export value from the industry's shipment value, the total domestic demand for the industry in 2010 was $2.4 billion USD. (This could be the biggest market for sale)
1) Costume jewelry is considered a discrete category of...