Press release
Global Luxury Bag Market - LVMH Moët Hennessy Louis Vuitton SE, Christian Dior SE, Burberry Group PLC, Jimmy Choo Ltd, Prada Holding B.V., Christian Louboutin S.A., Stuart Weitzman, Coach IP Holdings LLC
Report start from the market overview section which demonstrates the market drivers, restraints and opportunities that influence the current and future status of the market. It also includes key trends, implementation restraints, end-user product issues and many more. These factors are responsible for changing the market scenario. The deep analysis of each segment in the report is provided in order to provide a thorough understanding of the overall scenario in the Luxury Bag Market. The report covers the competitor’s strategies that help them to capture the market.
The global luxury bag market accounted for USD 62.8 Billion in 2017. Further, the market is expected to reach to a valuation of USD 75.6 Billion by the end of 2023. Moreover, it is anticipated to flourish at a CAGR of 3.1% during the forecast period i.e. 2018-2023. Increasing number of high net worth individuals and growing preference for high end luxury branded goods are the dynamic factors escalating the growth of luxury bag market. Apart from this, growth in number of working women is anticipated to positively impact the growth of the luxury bag market during the forecast period.
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The global Luxury Bag Market has been segmented By Bag Type, By Demography, By Distribution Channel and by geography. By Bag Type - the market is sub-segmented as Shoulder Bags, Tote Bags, Cross Body Bags, Clutches, Backpacks, Mini Bags, Others. By Demography - Men, Women. By Distribution Channel - Online Store, Offline Store. The report shows an analysis of every area that is directly or indirectly related to this study.
The report highlights information that is required to understand the innovation and development in the Luxury Bag Market, and the growing nature of each and every segment from time to time. It provides information related to the company’s financial position, day to day expenses, recent innovative development in the product. Also, the report shows the impact of the new plans, policies, and strategies adopted by the company. The Porter's Five Forces is a tool for analyzing the five forces in the economy that are buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition available in the market. It helps to determine the competitive intensity and the attractiveness of an industry in terms of profitability. The political, social, economic, demographical, technological factors have been considered while analyzing the market. It helps the company to determine the demand of the product from a particular region and the constraint that act as a hurdle in the growth of the company.
The report shows the competition level faced in the market by the company and the recent development in the market launched by the rivals. It helps them to analyze the market clearly and help the company to maintain the framework in which they have to work in the growing competition. The main competitors of the industry are LVMH Moët Hennessy Louis Vuitton SE, Christian Dior SE, Burberry Group PLC, Jimmy Choo Ltd, Prada Holding B.V., Christian Louboutin S.A., Stuart Weitzman, Coach IP Holdings LLC, Chanel S.A, Hermès International SCA, Other Major & Niche Players.
While analyzing the market every segment of the market is considered concisely from time to time to understand the geographical distribution of the product and the demand from that particular region and the insights responsible for all the factors. By geography the market is divided into North America, The U.S., Canada, Rest of North America, Europe, Germany, The U.K., France, Rest of Europe, Asia Pacific (APAC), China, India, Japan, Australia, Rest of APAC, Middle East & Africa (MEA), GCC, South Africa, Rest of MEA, South America (Brazil &Rest of South America).
The final section of the report highlights the data collected for the report. A perfect combination of the primary, as well as secondary research has been made to collect the facts and figures regarding the product and the market. Secondary research sources are annual reports of the company to understand the financial position of the company, third-party report, customers review towards the product, statistical databases, government publications, company's shareholder's reviews, regulatory database have been considered. Whereas the primary research includes telephonic interviews, e-mail conversations, face-to-face interviews. Primary research is a time-consuming process and they are not considered as reliable as a comparison to the second method. Hence, secondary research is a reliable one and helps to develop the analysis team expert and market understanding.
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Table of Contents:
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Luxury Bag Market
3. Global Luxury Bag Market Trends
4. Opportunities in Global Luxury Bag Market
5. Recent Industry Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Luxury Bag Market Size & Forecast (USD Million), Growth Analysis and Forecast, (2017-2023)
9. Global Luxury Bag Market Segmentation Analysis, By Bag Type
9.1. Introduction
9.2. Market Attractiveness, By Bag Type
9.3. BPS Analysis, By Bag Type
9.4. Shoulder Bags Market Size & Forecast (USD Million), 2017-2023
9.5. Tote Bags Market Size & Forecast (USD Million), 2017-2023
9.6. Cross Body Bags Market Size & Forecast (USD Million), 2017-2023
9.7. Clutches Market Size & Forecast (USD Million), 2017-2023
9.8. Backpacks Market Size & Forecast (USD Million), 2017-2023
9.9. Mini Bags Market Size & Forecast (USD Million), 2017-2023
9.10. Others Market Size & Forecast (USD Million), 2017-2023
10. Global Luxury Bag Market Segmentation Analysis, By Demography
10.1. Introduction
10.2. Market Attractiveness, By Demography
10.3. BPS Analysis, By Demography
10.4. Men Market Size & Forecast (USD Million), 2017-2023
10.5. Women Market Size & Forecast (USD Million), 2017-2023
11. Global Luxury Bag Market Segmentation Analysis, By Distribution Channel
11.1. Introduction
11.2. Market Attractiveness, By Distribution Channel
11.3. BPS Analysis, By Distribution Channel
11.4. Online Store Market Size & Forecast (USD Million), 2017-2023
11.5. Offline Store Market Size & Forecast (USD Million), 2017-2023
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