Global Handbag Market
Global Handbag Market was valued at USD 48.23 billion in 2020 which expected to reach 80.32 billion by 2020 at a CAGR 6.5% from 2020-2030.
Handbags are defined as fashionably designed handheld bag used to carry essential items of personal use. Typically, these bags are larger than a purse/ pouch. Handbags are accessories which are used to hold objects like currency & other personal items. The handbags sector is experiencing a boom, with designer handbags & other varieties commanding thousands of dollars. Handbags are available in in a variety of sizes & certain fashion designs.
Market Drivers
The increase in women workforce, along with rising brand awareness is expected to drive the growth of global handbag market over the forecast period. From the past few years, demand for handbags has raised owing to the increase in availability of designer bags in different varieties. Also, the increase in usage of handbags among working class women across the globe is anticipated to remain a key trend in the global handbag market.
Moreover, rapid growth of the corporate as well as organized sectors has been accelerating the demand for the product in the countries including India, South Korea, China, and Indonesia. According to some studies, from past few years, women participation in science, technology, mathematics, and engineering has significantly increased in the United Kingdom. In addition, the increase in disposable income, along with growing brand awareness in the developing economies, have been fueling the industry growth.
Market Restraints
Availability of substitute products may hamper the growth of global handbag market over the forecast period. The substitute to handbags including briefcases, bag-packs, drawstring bags, and others, are increasingly gaining presence in the market worldwide are estimated to have negative impact on global handbag market.
Market Restraints
The Global Handbag Market is segmented into product such as Tote Bag, Satchel, Clutch, and Others, by raw material such as Leather, Fabric, and Others. Further, market is segmented into distribution Channel such as Online, and Offline.
Regional Analysis
The Global Handbag Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America region is expected to display substantial growth, due to the increase in growth of small businesses, which plays an important role in increasing the consumption of handbags especially designed for business purpose. Also, the APAC region s projected to register the fastest growth in the overall handbag market, due to the employment rate of this region is gradually increasing, which expected to significant impact on the increase in consumption of consumer goods in the region.
Key Players
Various leading players are listed in this report such as Tapestry, Inc., Ted Baker plc., Burberry Group PLC, Prada S.p.A., Hermes International S.A., Chanel S.A., Fossil Group, Inc., Gucci, Compagnie Financiere Richemont SA, Michael Kors, etc.
Market Taxonomy
By Product
By Raw Material
By Distribution Channel
By Region
Key Questions Addressed by the Report
Global Handbag Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Handbag Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Handbag Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Handbag Market Share Analysis, By Product
5.3 Global Handbag Market Size and Forecast, By Product
5.3.1 Tote Bag
5.3.2. Satchel
5.3.3. Clutch
5.3.4 Others
6 Global Handbag Market, By Raw Material
6.1 Y-o-Y Growth Comparison, By Raw Material
6.2 Global Handbag Market Share Analysis, By Raw Material
6.3 Global Handbag Market Size and Forecast, By Raw Material
6.3.1 Leather
6.3.2 Fabric
6.3.3. Others
7 Global Handbag Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Handbag Market Share Analysis, By Distribution Channel
7.3 Global Handbag Market Size and Forecast, By Distribution Channel
7.3. 1 Online
7.3.2. Offline
8 Global Handbag Market, By Region
8.1 Global Handbag Market Share Analysis, By Region
8.2 Global Handbag Market Share Analysis, By Region
8.3 Global Handbag Market Size and Forecast, By Region
9 North America Handbag Market Analysis and Forecast (2021-2030)
9.1 Introduction
9.2 North America Handbag Market Share Analysis, By Product
9.3 North America Handbag Market Size and Forecast, By Raw Material
9.4 North America Handbag Market Size and Forecast, By Distribution Channel
9.5 North America Handbag Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Handbag Market Analysis and Forecast (2021-2030)
10.1 Introduction
10.2 Europe Handbag Market Share Analysis, By Product
10.3 Europe Handbag Market Size and Forecast, By Raw Material
10.4 Europe Handbag Market Size and Forecast, By Distribution Channel
10.5 Europe Handbag Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Handbag Market Analysis and Forecast (2021-2030)
11.1 Introduction
11.2 Asia Pacific Handbag Market Share Analysis, By Product
11.3 Asia Pacific Handbag Market Size and Forecast, By Raw Material
11.4 Asia Pacific Handbag Market Size and Forecast, By Distribution Channel
11.5 Asia Pacific Handbag Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Handbag Market Analysis and Forecast (2021-2030)
12.1 Introduction
12.2 Latin America Handbag Market Share Analysis, By Product
12.3 Latin America Handbag Market Size and Forecast, By Raw Material
12.4 Latin America Handbag Market Size and Forecast, By Distribution Channel
12.5 Latin America Handbag Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Handbag Market Analysis and Forecast (2021-2030)
13.1 Introduction
13.2 Middle East Handbag Market Share Analysis, By Product
13.3 Middle East Handbag Market Size and Forecast, By Raw Material
13.4 Middle East Handbag Market Size and Forecast, By Distribution Channel
13.5 Middle East Handbag Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Tapestry, Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Ted Baker plc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Burberry Group PLC
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Prada S.p.A
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Hermes International S.A.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Chanel S.A.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Fossil Group, Inc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Gucci
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Compagnie Financiere Richemont SA
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Michael Kors
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
