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Global Handbags Market to reach USD 76.15 billion by 2027.

Global Handbags Market Size study, by Product (Tote Bag, Clutch, Satchel, and Others), Raw Material (Leather, Fabric and Others), Distribution Channel (Offline and Online), and Regional Forecasts 2021-2027

Product Code: OIRCGAS_13256551
Publish Date: 23-02-2021
Page: 200

Global Handbags Market is valued approximately USD 47.67 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.92 % over the forecast period 2021-2027. . The increasing female workforce, changing lifestyle, increasing brand awareness, increasing consumer spending on luxury goods are some of the key factors for the growth of handbags market. In addition, manufactures are creating strong distribution channel in order to increase the availability of product leading to the market growth. According to a journal of Foundation de la Haute Horlogerie, in 2019, in the period 2018-2025, the luxury goods market is expected to grow from $260 billion to $320 billion. .However, availability of counterfeit products, high market fragmentation, and consumer spending on luxuries such as handbags has decreased as a result of the Covid-19 pandemic and high import duty in this industry hinders the growth of the market over the forecast period of 2021-2027. Also, new and innovative design of handbags such as evolution of smart bag with removable flaps and power units and increasing disposable income is likely to increase the market growth during the forecast period.

The key regions like Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical study of the global handbags market. North America has the highest market share across the globe as the demand of luxury handbags are increasing in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth over the forecast period 2021-2027. Factors such as increasing per capita income and strong distribution channels would create lucrative growth prospects for the Handbags market across Asia-Pacific region.

Major market player included in this report are:
Tapestry, Inc.
Fossil Group, Inc.
Michael Kors
Burberry Group PLC
LVMH Moët Hennessy – Louis Vuitton SE
Maxom Computer GMBH
Prada S.p.A.
Chanel S.A.
Hermès International S.A.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Tote Bag
By Raw Material:
By Distribution Channel:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Handbags Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Handbags Market, by Region, 2019-2027 (USD Billion)
1.2.2. Handbags Market, by Product, 2019-2027 (USD Billion)
1.2.3. Handbags Market, by Raw Material, 2019-2027 (USD Billion)
1.2.4. Handbags Market, by Distribution Channel, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Handbags Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Handbags Market Dynamics
3.1. Handbags Market Impact Analysis (2019-2027)
3.1.1. Market Drivers The increasing female workforce changing lifestyle and urbanization increasing consumer spending on luxury goods
3.1.2. Market Challenges availability of counterfeit products high market fragmentation high import duty in this industry
3.1.3. Market Opportunities new and innovative design of handbags increasing disposable income
Chapter 4. Global Handbags Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Handbags Market, by Product
5.1. Market Snapshot
5.2. Global Handbags Market by Product, Performance – Potential Analysis
5.3. Global Handbags Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
5.4. Handbags Market, Sub Segment Analysis
5.4.1. Tote Bag
5.4.2. Clutch
5.4.3. Satchel
5.4.4. Others
Chapter 6. Global Handbags Market, by Raw Material
6.1. Market Snapshot
6.2. Global Handbags Market by Raw Material, Performance – Potential Analysis
6.3. Global Handbags Market Estimates & Forecasts Raw Material 2018-2027 (USD Billion)
6.4. Handbags Market, Sub Segment Analysis
6.4.1. Leather
6.4.2. Fabric
6.4.3. Others
Chapter 7. Global Handbags Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Handbags Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Handbags Market Estimates & Forecasts by Distribution Channel 2018-2027 (USD Billion)
7.4. Handbags Market, Sub Segment Analysis
7.4.1. Offline
7.4.2. Online
Chapter 8. Global Handbags Market, Regional Analysis
8.1. Handbags Market, Regional Market Snapshot
8.2. North America Handbags Market
8.2.1. U.S. Handbags Market Product breakdown estimates & forecasts, 2018-2027 Raw Material breakdown estimates & forecasts, 2018-2027 Distribution Channel breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Handbags Market
8.3. Europe Handbags Market Snapshot
8.3.1. U.K. Handbags Market
8.3.2. Germany Handbags Market
8.3.3. France Handbags Market
8.3.4. Spain Handbags Market
8.3.5. Italy Handbags Market
8.3.6. Rest of Europe Handbags Market
8.4. Asia-Pacific Handbags Market Snapshot
8.4.1. China Handbags Market
8.4.2. India Handbags Market
8.4.3. Japan Handbags Market
8.4.4. Australia Handbags Market
8.4.5. South Korea Handbags Market
8.4.6. Rest of Asia Pacific Handbags Market
8.5. Latin America Handbags Market Snapshot
8.5.1. Brazil Handbags Market
8.5.2. Mexico Handbags Market
8.6. Rest of The World Handbags Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Tapestry, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Fossil Group, Inc.
9.2.3. Michael Kors
9.2.4. Burberry Group PLC
9.2.5. LVMH Moët Hennessy – Louis Vuitton SE
9.2.6. Gucci
9.2.7. Maxom Computer GMBH
9.2.8. Prada S.p.A.
9.2.9. Chanel S.A.
9.2.10. Hermès International S.A.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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