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Handbag Market 2022-2027: Size, Share, Analysis and Growth Report

According to 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 . 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.
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.
Explore Full Report with TOC & List of Figures:
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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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.
Contact US
IMARC Group 30 N Gould St, Ste R Sheridan, WY (Wyoming) 82801 USA Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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