Global Wallets Market to witness decremental growth of $ 1.19 Billion during 2020-2024 | Technavio
NEW YORK, June 18, 2021 /PRNewswire/ --
The global wallets market value is expected to decline by USD 1.19 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
This study identifies the rising popularity of eco-friendly wallets as one of the prime reasons driving the wallets market growth during the next few years. The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wallets market report covers the following areas:
Wallets Market Size
Wallets Market Trends
Wallets Market Industry Analysis
Frequently Asked Questions:
Based on segmentation by product, which is the leading segment in the market? Based on the product, the market generated maximum revenue in the conventional wallets segment in 2019.
What are the major trends in the market? The rising popularity of eco-friendly wallets is the major trend in the market.
At what rate is the market projected to grow? The market is projected to grow at a CAGR of (2)% during the forecast period.
Who are the top players in the market? Bellroy Pty Ltd., Burberry Group Plc, Fossil Group Inc., Hermès International, Hidesign, Kering SA, LVMH Moët Hennessy - Louis Vuitton, Mulberry Co. Ltd., Ralph Lauren Corp., and Tapestry Inc. are the top vendors in the market.
What are the key market drivers and challenges? The market is driven by the wide availability of wallets online. However, the threat of counterfeit products might hinder growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Although the wide availability of wallets online will offer immense growth opportunities, the threat of counterfeit products is likely to pose a challenge for the market vendors.
In a bid to help players strengthen their market foothold, this wallets market forecast report provides a detailed analysis of the leading market vendors. The report also provides industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies including Bellroy Pty Ltd., Burberry Group Plc, Fossil Group Inc., Hermés International, Hidesign, Kering SA, and others.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist wallets market growth during the next five years
Estimation of the wallets market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the wallets market across APAC, Europe, MEA, North America, and South America
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of wallets market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Value chain analysis
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2019
Market Outlook
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
Market segmentation by product
Comparison by product
Conventional wallets - Market size and forecast 2019-2024
Smart-connected wallets - Market size and forecast 2019-2024
Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: MARKET TRENDS
Growing preference for customized wallets
Market consolidation
Rising popularity of eco-friendly wallets
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Bellroy Pty Ltd.
Burberry Group Plc
Fossil Group Inc.
Hermès International
Hidesign
Kering SA
LVMH Moët Hennessy - Louis Vuitton
Mulberry Co. Ltd.
Ralph Lauren Corp.
Tapestry Inc.
PART 14: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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