Global Men’s Belt Market Size is Estimated to Reach $1634 Million in 2023

Men's belts, usually made of leather, synthetic materials, or metal, are accessories used to secure pants. In daily life, men's belts are usually used to enhance the overall fashion sense of clothing. They can also serve as symbols of identity and status, as different materials, brands, and designs may represent different tastes and budgets.
Overview of the Global Men's Belt Market Development and Analysis of Segmented Markets
With the increasing demand from global consumers for fashion and comfort, the men's belt market is steadily growing. According to our research data, the total size of the global men's belt market is expected to reach $1634 million in 2023 and may continue to increase to 1.809 billion US dollars by 2025.
The global men's belt market is mainly composed of natural leather belts and artificial leather belts, with artificial leather belts occupying a larger market share. From a regional market perspective, the global men's belt market is mainly distributed in Europe, the Americas, and the Asia-Pacific region. Among them, the Americas is the largest revenue market, with an estimated market revenue of $592 million in 2023 and an expected market share of 36.20%; The market growth rate in the Asia-Pacific region is the fastest.

Global Men’s Belt Market Size Forecast and Market Segment Analysis  

Global Men’s Belt Market Size Forecast and Market Segment Analysis

Source: www.globalmarketmonitor.com
Analysis of the Competitive Landscape in the Global Men's Belt Market
From the perspective of market competition, the global men's belt market is highly competitive with extremely low concentration. Based on our data, the total men's belt revenue of the top 3 brands in the industry in 2020 was $121.17 million, with a total market share of only 8.54%. The top 3 brands were Gucci, HERMES, and Lacoste. In 2020, these three brands accounted for 3.19%, 2.68%, and 2.67% of the global men's belt market revenue, respectively.

Men’s Belt Market Revenue and Share of Main Brands in 2020

Brands

Market Revenue (Million USD)

Share

Gucci

45.28

3.19%

HERMES

38.05

2.68%

Lacoste

37.84

2.67%

Top3

121.17

8.54%

Source: www.globalmarketmonitor.com

Analysis of the Development Trends of the Global Men's Belt Market

Fashionization: With the pursuit of fashion by consumers, the design and styles of men's belts are becoming increasingly diverse to meet the needs of different consumers.

Comfort: Comfort is one of the important factors that consumers consider when purchasing belts, therefore, comfort has become an important trend in the men's belt market.

Branding: Branding is another important trend in the men's belt market, with products from well-known brands becoming more popular in the market and brand effects becoming increasingly prominent.

Personalization: Personalization is currently a trend pursued by consumers, and more and more consumers hope to purchase products with personalized designs, including the men's belt market.

For more industry information, please refer to our latest released "2023 Global Men Belts Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".

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