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Sector Analysis
United Kingdom (UK) Accessories Market Analysis, Trends, Consumer Preferences and Forecast to 2027
United Kingdom (UK) Accessories Market Report Overview The United Kingdom (UK) accessories market size was £5.9 billion in 2023. The market is expected to grow at a CAGR of more than 2% during 2023-2027. Even though inflationary pressures led consumers to cut back on fashion spend due to higher prices and less discretionary income, the high presence of luxury goods within the fashion sector allowed accessories to achieve slightly stronger growth than clothing and footwear. UK Accessories Market Outlook, 2023-2027...
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Thematic Analysis
Smartwatches – Thematic Research
In 2019, the smartwatches market was worth $17bn. It will become a $64bn industry by 2030, according to GlobalData forecasts, having grown at a compound annual growth rate (CAGR) of 13% between 2019 and 2030. The growth is mostly attributable to the addition of features such as cellular connectivity, health and fitness monitoring, and interoperability with other connected devices. While these features presently add to user convenience and generate demand, smartwatches will require a killer use case if they are...