Handbags and
accessories are among the fastest growing segments of the overall luxury goods
industry. Despite the fact that the handbags market caters to both male as well
as female customers, it is predominantly seen as a women-oriented market.
However, history reveals the facts that use of handbags or pouches started in
very early ages where man used it to carry coins. But because of the large
options of functions, patterns, sizes and colors it offers to women, it has
made a very important place in the life of woman. Today, fashion industry
provides products designed especially for men, to cater the varying needs of
this gender too.
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The global
handbags market is incessantly growing since recession and is further expected
to be a highly profitable market for the next couple of years. Moreover, the
handbag market encompasses dynamic players and an expanding consumer base,
which is expected to flourish due to increasing demand from emerging markets
and strong performances by the international luxury brands.
Inclination
towards the handbags market worldwide can be observed as a result of aggressive
presence on social media and fashion shows, various ways of marketing the
product. Other principal trends of the respective market include enhancing
demand for small and medium silhouette handbags and cross bodies, brand
strengthening efforts by majority of leading companies and insurance of
handbags.
The key factors
driving growth of the global handbags industry include rising number of high
net worth individuals, growing number of youth, increasing working women
population, rising internet penetration and improvement in global economic
growth. However, the growth of handbag industry is hindered by factors such as
the radically shifting customer base and presence of counterfeit products.
The market for
handbags is highly competitive with several players operating both at global
and regional level. The leading players include Channel, Gucci, Louis Vuitton,
Hèrmes, Prada, Burberry and Michael Kors, among others.
The report
“Global Handbags Market” analyzes the development of this market, both at
global and regional level. The major trends, growth drivers as well as issues
being faced by the industry are discussed in detail in this report. The four
major players in the industry, Coach, Louis Vuitton, Burberry and Michael Kors,
are being profiled along with their key financials and strategies for growth.
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Table Of
Content:
1. Handbags: An
Introduction
1.1 Market Segmentation
1.2 Handbags-Value Chain
1.1 Market Segmentation
1.2 Handbags-Value Chain
2. Market
Analysis
2.1 Global Handbag Market
-Market Value
-Regional Breakdown
2.2 Regional Markets
2.2.1 The US
-Market Value
-Market Volume
2.2.2 Europe
-Market Value
2.2.3 Asia
-China
-Hong Kong
-Japan
-South-East Asiaa
2.1 Global Handbag Market
-Market Value
-Regional Breakdown
2.2 Regional Markets
2.2.1 The US
-Market Value
-Market Volume
2.2.2 Europe
-Market Value
2.2.3 Asia
-China
-Hong Kong
-Japan
-South-East Asiaa
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