Report Description

Global minimalist wallet market is anticipated to record a lucrative growth over the forecast period, 2023-2027. The market growth can be attributed to the rising demand for compact and innovative wallets with new features that enhance convenience for the users. Minimalist wallets are similar to traditional bi-fold wallets, but they are more compact in size. As the word minimalist infers avoiding the unnecessary, the minimalist wallets are designed in such a way that the user only carries what they need and leave the unnecessary articles at home. These wallets can usually hold three to five credit cards, ID car and some cash. Minimalist wallets are comfortable and convenient to carry and are also seen as a status symbol. Shifting consumer focus from conventional bulky wallets to slim and compact wallets is also driving the market growth. 

Rising Per Capita Income of The Consumer Fuels the Market Growth

The increasing disposable income of the consumers has increased their capacity to spend on luxury lifestyle goods. Moreover, the increasing popularity of leather owing to its durability, crack-proof, and dustproof features is creating a positive impact on the market. Furthermore, today’s consumer is well-versed with the current trends and fashion due to the proliferation of social media platforms. Social media-based influencers and celebrities are creating product awareness over the social media platforms due to which consumer preference for fashion and accessories-related products such as minimalist wallets are increasing. Besides, the rise in the working population across the globe is also supporting the growth of the global minimalist wallet market. 

Wide Availability of Minimalist Wallets Online to Boost their Adoption

The easy availability of minimalist wallets over the online platform is acting as one of the major growth-inducing factors for the global minimalist wallet market. Online shopping allows customers to choose from a wide range of products, compare the quality and price offered by numerous brands and conveniently place an order. Moreover, online retail channels facilitate various benefits such as lucrative discount and cashback offers, doorstep delivery, and easy return or exchange of the product bought. The high penetration of the internet and smartphones in both developed and developing nations has helped the e-commerce sector to grow exponentially in the recent years. Thus, such flexibility and convenience offered through online shopping is expected to drive the growth of global minimalist wallets over the forecast period.


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Market Segmentation

The global minimalist wallet market is segmented by type, price range, distribution channel, competitive landscape, and regional distribution. Based on the type the market is segmented into male and female. By price range the market is divided between low, medium, and high. Based on the distribution channel, the market is fragmented into apparel stores, supermarket/hypermarkets, other retail stores, online, and others. Analysis also studies the regional segmentation, divided among North America, Europe, Asia Pacific, Middle east and Africa, South America. The United States of America is anticipated to hold a prominent market share in the coming years due the high purchasing power of the consumers living in the region. 

Company Profile

Richemont group (Montblanc), Hentley Garments Limited, Harber London Ltd, Bellroy Pty Ltd., Leatherology, Tanner Goods Inc, Tom Ford SA, and Swisst are the leading market players contributing to the growth of global minimalist wallet market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Price Range

·         Distribution Channel

Regional scope

North America, Europe, Asia Pacific, Middle east and Africa, South America

Key companies profiled

Richemont group (Montblanc), Hentley Garments Limited, Harber London Ltd, Bellroy Pty Ltd., Leatherology, Tanner Goods Inc, Tom Ford SA, and Swisst

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global minimalist wallet market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Minimalist Wallet Market, By Type:

o   Male

o   Female

  • Minimalist wallet Market, By Price Range:

o   Low

o   Medium

o   High

  • Minimalist wallet Market, By Distribution Channel:

o   Apparel Stores

o   Supermarket/Hypermarkets

o   Other Retail Stores

o   Online

o   Others

  • Minimalist wallet Market, By Region:

o   North America

§  United States

§  Mexico

§  Canada

o   Europe

§  France

§  Germany

§  United Kingdom

§  Italy

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   Middle East and Africa

§  South Africa

§  Saudi Arabia

§  UAE

o   South America

§  Brazil

§  Argentina

§  Colombia 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Minimalist Wallet Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Minimalist Wallet Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Minimalist Wallet Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Sources of Information

5.4.  Challenges Faced Post Purchase

6.    Global Minimalist Wallet Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Male, Female)

6.2.2.     By Price Range (Low, Medium, High)

6.2.3.     By Distribution Channel (Apparel Stores, Supermarket/Hypermarkets, Other Retail Stores, Online, Others)

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Market Map

7.    North America Minimalist Wallet Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Price Range

7.2.3.     By Distribution Channel

7.2.4.     By Country (United States; Canada; Mexico and Rest of North America)

7.3.  North America: Country Analysis

7.3.1.     United States Minimalist Wallet Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value & Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Price Range

7.3.1.2.3.             By Distribution Channel

7.3.2.     Canada Minimalist Wallet Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value & Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Price Range

7.3.2.2.3.             By Distribution Channel

7.3.3.     Mexico Minimalist Wallet Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value & Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Price Range

7.3.3.2.3.             By Distribution Channel

8.    Europe Minimalist Wallet Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Price Range

8.2.3.     By Distribution Channel

8.2.4.     By Country (France; Germany; UK; Italy; Spain and Rest of Europe)

8.3.  Europe: Country Analysis

8.3.1.     France Minimalist Wallet Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value & Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By Price Range

8.3.1.2.3.             By Distribution Channel

8.3.2.     Germany Minimalist Wallet Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value & Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By Price Range

8.3.2.2.3.             By Distribution Channel

8.3.3.     United Kingdom Minimalist Wallet Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value & Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By Price Range

8.3.3.2.3.             By Distribution Channel

8.3.4.     Italy Minimalist Wallet Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value & Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By Price Range

8.3.4.2.3.             By Distribution Channel

8.3.5.     Spain Minimalist Wallet Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value & Volume

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By Price Range

8.3.5.2.3.             By Distribution Channel

9.    Asia-Pacific Minimalist Wallet Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Price Range

9.2.3.     By Distribution Channel

9.2.4.     By Country (China; India; Japan; South Korea; Australia; and Rest of Asia Pacific)

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Minimalist Wallet Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value & Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By Price Range

9.3.1.2.3.             By Distribution Channel

9.3.2.     India Minimalist Wallet Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value & Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By Price Range

9.3.2.2.3.             By Distribution Channel

9.3.3.     Japan Minimalist Wallet Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value & Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By Price Range

9.3.3.2.3.             By Distribution Channel

9.3.4.     South Korea Minimalist Wallet Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value & Volume

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Type

9.3.4.2.2.             By Price Range

9.3.4.2.3.             By Distribution Channel

9.3.5.     Australia Minimalist Wallet Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value & Volume

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Type

9.3.5.2.2.             By Price Range

9.3.5.2.3.             By Distribution Channel

10.  Middle East and Africa Minimalist Wallet Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Price Range

10.2.3.  By Distribution Channel

10.2.4.  By Country (UAE; Saudi Arabia; South Africa and Rest of Middle East & Africa)

10.3.              MEA: Country Analysis

10.3.1.  South Africa Minimalist Wallet Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value & Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By Price Range

10.3.1.2.3.           By Distribution Channel

10.3.2.  Saudi Arabia Minimalist Wallet Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value & Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By Price Range

10.3.2.2.3.           By Distribution Channel

10.3.3.  UAE Minimalist Wallet Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value & Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By Price Range

10.3.3.2.3.           By Distribution Channel

11.  South America Minimalist Wallet Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Price Range

11.2.3.  By Distribution Channel

11.2.4.  By Country (Brazil; Argentina; Colombia; and Rest of South America)

11.3.              South America: Country Analysis

11.3.1.  Brazil Minimalist Wallet Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value & Volume

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Type

11.3.1.2.2.           By Price Range

11.3.1.2.3.           By Distribution Channel

11.3.2.  Argentina Minimalist Wallet Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value & Volume

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Type

11.3.2.2.2.           By Price Range

11.3.2.2.3.           By Distribution Channel

11.3.3.  Colombia Minimalist Wallet Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value & Volume

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Type

11.3.3.2.2.           By Price Range

11.3.3.2.3.           By Distribution Channel

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Company Profiles

14.1.1.  Company Details

14.1.2.  Financials (As reported)

14.1.3.  Key Market Focus and Geographical Presence

14.1.4.  Pricing of Target Products

14.1.5.  Market positioning

14.2.              Richemont group (Montblanc)

14.3.              Hentley Garments Limited

14.4.              Harber London Ltd

14.5.              Bellroy Pty Ltd.

14.6.              Leatherology

14.7.              Tanner Goods Inc

14.8.              Tom Ford SA

14.9.              Swisst

15.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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The growing inflating disposable income of the consumers along and rising preference for compact fashion and accessory products such as minimalist wallets are primarily driving the growth of the global minimalist wallet market.

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Richemont group (Montblanc), Hentley Garments Limited, Harber London Ltd, Bellroy Pty Ltd., Leatherology, Tanner Goods Inc, Tom Ford SA, and Swisst are the leading market players in the global minimalist wallet market.

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The reduction in supply of raw material supply required to manufacture minimalist wallets might hamper the growth of the market.

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Based on the distribution channel, the market is fragmented into apparel stores, supermarket/hypermarkets, other retail stores, online, and others. The online segment is anticipated to hold a prominent market share in the coming years due to the number of benefits offered by the online retail channels such as a wide range of options to compare and choose from, doorstep delivery and lucrative discount and cashback offers.

profile

Parvati Sharma

Account Manager BD
Press Release

Minimalist Wallet Market Projected to Register an Impressive Growth Through 2027

Aug, 2022

The growing purchasing power of the consumer and the increasing desire to own trendy products is anticipated to propel the global minimalist wallet market