The latest report by IMARC Group, titled “Handbag Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global handbag market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global handbag market is expected to exhibit a CAGR of 6.1% during 2022-2027. A handbag represents a fashionably designed handheld accessory that is utilized to carry essential items of personal use. It is generally available in a wide variety of sizes, colors, and patterns. Handbags are manufactured by stitching multiple pieces of leather or cloth together. Some of the common product types include satchel, shoulder, handheld, sling, etc. Presently, gender-neutral bags are also gaining traction among consumers across age groups.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Market Trends:
The escalating demand for visually appealing fashion accessories is primarily driving the handbag market. Additionally, the easy product availability on online retail channels, which are also offering a hassle-free shopping experience, flexible payment modes, lucrative discounts, etc., is further catalyzing the market growth. Besides this, the growing inclination among working professionals towards carrying multiple essential items, such as tablets, laptops, wallets, edibles, etc., in their handbags is encouraging the key market players to launch bags that are highly functional and equipped with mobile holders and laptop sleeves, which is acting as another significant growth-inducing factor. Moreover, the inflating popularity of luxury handbags with exclusive designs, owing to the elevating consumer expenditures on maintaining an aesthetic and materialistically sophisticated lifestyle, is also augmenting the global market. Apart from this, the introduction of product variants that are made from eco-friendly materials, on account of the rising focus on sustainable development, is anticipated to fuel the handbag market over the forecasted period.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Burberry Group
- Chanel International BV
- Christian Dior SE
- Coach
- Etienne Aigner
- Furla
- Kate Spade & Company
- Hermès International
- LVMH
- Michael Kors
- Mulberry
- Nicole Lee
- Prada Holding BV
Breakup by Product Type:
- Satchel
- Bucket Bag
- Clutch
- Tote Bag
- Others
Breakup by Material Type:
- Leather
- Fabric
- Rubber
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Departmental Stores
- Specialty Stores
- Discount Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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