Press release
Ladies Handbag Market Is Expected To Grow At a CAGR of 2.7% From 2018 - QYResearch
Ladies handbag industry is a huge market, and the total sum of the industry is more than 22530 million US dollars in 2014. Moreover, this industry continuously increases, with the development of global economy. The Europe is the largest market of ladies handbag, which occupies average 36.55 percent of global ladies handbag procedures per year. It is followed by US and China, which respectively have around 35 percent of the global total industry. Other main regions which take important part in this industry include Japan and South America.
According to the research, the most potential market in the main countries of ladies handbag industry is China, determined by its rapid growth of number of procedures. Besides, Southeast Asia, Middle East and India should also be focused by the investors. They are the potential consumers of ladies handbag. India is also a rapidly developing economy. The market of the ladies handbag is growing fast due to people’s more attention on their beauty. At the same time, the practicability of the product also makes great contributions to the development of the ladies handbag.
The practicability market is consolidated in nature. Various players are adopting competitive strategies such as collaborations, acquisitions and capitalizing untapped opportunities in the emerging economies of India and China, to sustain and gain market penetration across the globe. Some key players of this market include Dior, LVMH, Coach, Kering, Prada, Michael Kors, Hermes, Chanel, Richemont , Kate Spade, Burberry, Tory Burch, Septwolves, Fion, Wanlima. In 2017, the global Ladies Handbag market size was 23900 million US$ and is forecast to 29500 million US in 2025, growing at a CAGR of 2.7% from 2018. The objectives of this study are to define, segment, and project the size of the Ladies Handbag market based on company, product type, application and key regions.
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The various contributors involved in the value chain of Ladies Handbag include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Ladies Handbag include
Dior
LVMH
Coach
Kering
Prada Group
Michael Kors
Hermes
Chanel
Richemont Group
Kate Spade
Market Size Split by Type
Totes
Shoulder bags
Purses
Satchels
Market Size Split by Application
Normal
Business
Market size split by Region
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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