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Global Wallet Market Size, Share, Trends, Growth, Analysis: By Product: Conventional Wallets, Smart-Connected Wallets; By Distribution Channel: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Wallet Market Size
The global wallet market reached around USD 9.07 billion in 2023. The market is projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching almost USD 13.86 billion by 2032.
| Global Wallet Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 9.07 |
| Market Size 2032 | USD Billion | 13.86 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.8% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.5% |
| CAGR 2024-2032 - Market by Country | India | 6.5% |
| CAGR 2024-2032 - Market by Country | China | 5.3% |
| CAGR 2024-2032 - Market by Product | Smart-Connected Wallets | 6.4% |
| CAGR 2024-2032 - Market by Distribution Channel | Online | 7.7% |
| Market Share by Country 2023 | Japan | 4.2% |
Global Wallet Market Outlook
- Online distribution channels are expected to dominate the market growth.
- Nearly 70% of Egypt’s population does not use bank accounts for making payments.
- Kazakhstan is a key region with the potential for high sales of physical wallets.
Global Wallet Market Growth
Over 90% of Americans prefer making payments through debit/credit cards. 98% of all households with an average income of 100,000+ annually own a credit card, with up to 13% of households having nearly 5 credit cards. Thus, major companies are introducing AI-based smart-connected wallets, to ensure zero credit card theft.
Such cards recommend ideal credit card options for different users based on their spending habits, enabling customers to manage their personal finances sufficiently. They also optimise each user’s credit card usage at different stores, enabling customers to earn the maximum rewards. The integration of smart sensors into conventional wallets is enabling customers to track misplaced cards easily.
Countries like Romania, Egypt, Kazakhstan, and Bulgaria have significant potential for wallet sales, as over 50% of the population in these countries makes only cash purchases. In Egypt, nearly 70% of people do not use bank accounts, and cash use still constitutes 78% of all transactions in Romania.
Physical wallet manufacturers are focusing on designing customised and stylish wallets for consumers and distributing them at cost-effective rates. By partnering up with major online distribution platforms, they are able to drive revenue growth through greater sales in a wide-reaching market.
Global Wallet Industry Segmentation
Global Wallet Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Conventional Wallets
- Smart-Connected Wallets
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
| CAGR 2024-2032 - Market by | Country |
| India | 6.5% |
| China | 5.3% |
| USA | 4.4% |
| Germany | 4.0% |
| Italy | 3.4% |
| Canada | XX% |
| UK | XX% |
| France | XX% |
| Japan | 3.3% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Global Wallet Market Share
Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Over the forecast period, eastern European countries are expected to remain major markets for physical wallets due to high cash usage and technological developments.
Leading Companies in the Global Wallet Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- Hermes International S.A.
- Kering S.A.
- Burberry Group Plc
- Buffalo Jackson Trading Co.
- Calleen Cordero
- Ekster Inc.
- Etienne Aigner AG
- Fossil Group, Inc.
- Matt & Nat SE
- Baggit, Inc.
- Others
Major market players are expected to design cost-effective wallets for men and women, thereby driving market growth.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
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| Breakup by Distribution Channel |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wallet Market Analysis
8.1 Key Industry Highlights
8.2 Global Wallet Historical Market (2018-2023)
8.3 Global Wallet Market Forecast (2024-2032)
8.4 Global Wallet Market by Product
8.4.1 Conventional Wallets
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Smart-Connected Wallets
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Wallet Market by Distribution Channel
8.5.1 Online
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Offline
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Wallet Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Wallet Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Wallet Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Wallet Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Wallet Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Wallet Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 420232)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Hermes International S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Kering S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Burberry Group Plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Buffalo Jackson Trading Co.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Calleen Cordero
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Ekster Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Etienne Aigner AG
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Fossil Group, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Matt & Nat SE
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Baggit, Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wallet Market: Key Industry Highlights, 2018 and 2032
2. Global Wallet Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Wallet Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Wallet Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5. Global Wallet Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6. Global Wallet Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Wallet Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Wallet Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Wallet Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Wallet Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Wallet Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Wallet Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Wallet Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Wallet Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Wallet Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Wallet Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Wallet Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Wallet Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 9.07 billion in 2023.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 13.86 billion in 2032.
The different distribution channels in the market include online and offline.
The major products considered in the market report include conventional wallets and smart-connected wallets.
The different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are Hermes International S.A., Kering S.A., Burberry Group Plc, Buffalo Jackson Trading Co., Calleen Cordero, Ekster Inc., Etienne Aigner AG, Fossil Group, Inc., Matt & Nat SE, and Baggit, Inc., among others.
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