Buckle is used for fastening or tying or knotting process, it helps to connect or attach to lose ends and offers better grip to hold the matter. Buckle are very commonly used in fashion and clothing industries that has different shapes , sizes and design, these buckle are used in waist belts, shoes bag packs and handbags, these bags usually use consist of side buckles and side release buckles. Buckles are very commonly used in many different purposes such as automobiles, loading services and toeing, buckles market has shown a significant growth in last few years as it has multiple uses in different industries and service providing sectors. Rapid rise in innovation of buckles is a major factor in growth of global buckle market and expected to be more inclining during the forecast period.
COVID-19 Impact Analysis-
- During COVID-19, many industries were suffering from great economic crises; spread of COVID-19 virus has led to great ramification on global buckle market.
- To control spread of corona virus diseases, nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and looming of production cycle of buckle market. Restraints were imposed by government on hypermarket, megastores, supermarket and brand store that led to great hampering in demand of global buckle market.
- Restraints were imposed by government on several fun activities and occasions that lead to great decline in demand of buckle, as thesebuckle are majorly used in weeding ceremony and occasion as gift articles and also act as a life saver gears in various fun activities such as paragliding, riding, and river rafting etc.
- E-commerce has played vital role in uplifting supply chain of buckle,as it helps to cover wider range and cater demands of customer. Customers are also started shifting to online shopping method and hesitating and avoiding to going for instore purchases to control spread of corona virus diseases.
Top Impacting Factors-
- Buckles are widely used in automobiles industries for safety purpose as it helps to keep passenger attached with the seats and also helps to prevent unlatching and sudden jerks. Buckles are playing vital role in cars and other vehicles as during accidents if persons has not tied seat belts, safety air bags will not be able to open and that may led to several injuries and result into death. A car seat belts help to enhance safety of passengers while travelling and allow customers to be attached with seats. Buckles are also used in helmet strap to provide better holding and enhance safety of riders, helmets have proven a lifesaving gadget as it helps to protect head of rider and avoid injuries on road accidents. Rise in use buckles in automobile sector is key factor in growth of global buckle market.
- Buckles are broadly used in fashion apparel such as waist belts and sandals, many waist belts buckles have unique and stylish designs such that enhance beauty of belts and appearance of individual. Many buckles are designed by artists and professionals designer which is very costly and offers premium lifestyle, buckle are also used in sandals and shoes to fasten process of wearing and helps to provide better grip in footwear, knew buckles or breeches buckles are usually used in long shoes to hold it from knew. Globally rise in demand of buckles is a key driver in growth of global Buckles market.
- Handbags are bag packs are consist of several types of buckles that are helps in proper handling of bags and also used to enhance appearance of bags. Bag packs consist of side and waist strap buckles that is helps to resist weight and also make it easy and convenient to handle, bag strap helps to divide weight in on both the shoulder and side buckles on strap offers great weight handling that helps to make handling of bags more comfortable. Buckles are also used in a handbag that offers aesthetic appeal to handbags and market it more fashionable. Rapid increase in use buckles in handbags and bag packs is prime factor in growth of global buckle market.
Market Trends-
- Surge in innovation of buckles
Key player are highly investing in innovation of products and engaged with research &development process, to offers improvised and innovative products to catering demand of consumers and to compete with competitors and rival products. Key players have introduced many different types of buckles such as side buckles, conventional buckles, slide buckles and trim buckles. These different types of buckles are used for many different purposes and act as a lifesaving gadget as it helps to protect people from different injuries and also helps top reduce chances of occurring uncertain and accidentals events that may cause death. They have also introduced many unique and fashionable buckles that are used in fashion accessories as it helps to enhance appearance and beauty of fashion apparels. Surge in innovation of buckles is prominent factor that is fuelling growth of global buckle market.
- Rise in trend of using belts and buckles as gift
Many people are using belts and handbags as gift articles; they are gifting belts and handbags to their loved once on different occasions and ceremonies such as birthday and other special occasions. Waist belts are consist of buckles and these waist belts are personalized item that individuals uses in daily life's, hand bags are also used as major gift articles for girls and women's as it also used by women in day to day life and has beautiful and aesthetic appeal that helps impress loved one. Many sellers are also offer pre-made gift hampers that consist of belts hand bags and other items, rising trend of using waist belts and buckle as gift articles is key trend that is propelling growth global buckle market.
- Surge in use of buckles in life saving gears
Buckle are majorly used in amusements parks as for safety of riders who are riding in giants rides, people love to ride on giants rides as it offers thrilling experience to riders and it’s a fun activity. After sudden rise of accidents in amusement parks ride service provider have become more concerned about life of people and focusing on safety of visitor, they are using better and advanced buckle that are had more holding power and enhance safety of riders. These buckle are also used in life jackets that is used in river rafting and paragliding as it helps to keep people safe and reduce the chances of uncertain events. Surge in use of buckle in life saving gears is utmost factor in that is accelerating growth of global buckles market.
Key Benefits of Report-
- This study presents the analytical depiction of the buckle Industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of thebuckle marketshare.
- The current market is quantitatively analysed to highlight buckle market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed buckle market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Report –
- Which are the leading players active in the buckle market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
Buckle Market Report Highlights
| Aspects | Details |
 By Distribution Channel |
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 By Region |
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 By Product Type |
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 By Material |
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 By Price Point |
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 By Application: |
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 Key Market Players | Fast Retailing, Nordstrom, Express, Aéropostale, Macy's, Urban Outfitters, JCPenney, Kohl's, Dillard's, Amazon |
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