Luxury Bag Market Projected to Surpass US$ 65700 Million by 2022 – Analysis by Top International Bag Brands (Dior, LVMH, Coach, Prada, Gucci, Michael Kors, Armani, Hermes, Chanel, Richemont, Kate Spade, Burberry)

The Global Luxury Bag Market research report is the study prepared by analysts, which contain a detailed analysis of drivers, restraints, and opportunities along with their impact on the Luxury Bag Market growth. This research report will assist in being relevant and future-oriented, while improving decision-making capabilities and reducing market risk. It is an excellent way to find the best market or target demographic for a product or service.

Global Luxury Bag Market Overview:

The Luxury Bag Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Luxury Bag market size to maintain the average annual growth rate of 5.94% from US$ 38600 Million in 2014 to US$ 45900 Million in 2017, market analysts believe that in the next few years, Luxury Bag market size will be further expanded, we expect that by 2022, The market size of the Luxury Bag will reach US$ 65700 Million.

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Rapidly growth in the number of working women and high net worth individuals are also expected to add to the market’s expansion. The proliferation of internet and specifically social media and fashion shows has also added to the market’s growth with accelerating online and retail store sales. The internet has helped advertisers to popularize latest trends, thereby enticing demand and sales of luxury brands.

The Global Luxury Bag Market is segmented on the basis of Bag Type, Demography, Distribution Channel and Region. In terms of Bag Type, the Global Luxury Bag Market is sub-segmented into Handbag, Shoulder Bags, Tote Bags, Cross Body Bags, Clutches, Backpacks, Mini Bags and others. The Handbag segment accounted for majority of the Global Luxury Bag Market in 2017.

On the basis of Distribution Channel, the Global Luxury Bag Market is sub-segmented into Online and Offline. The Offline Channel accounted for majority of the Global Luxury Bag Market in 2017. On the basis of Demography, the market can be divided into Women and Men.

As per the regional analysis, the global market for Luxury Bag was the largest in Europe in 2017 and it is predicted to remain as the largest market throughout the forecast period as well. The APAC region is predicted to be the fastest growing region during the forecast period (2019 - 2022). The growth of the APAC Luxury Bag Market is majorly attributable to the increasing spending capacities of the people and the changing fashion trends in the region.

Using standard analytical tools such as SWOT analysis, the report presents the strengths, weakness, opportunities, and threats of the market until the end of the forecast period in 2022. The report also covers an analysis impact of macro and micro factors on the growth of the market, which is essential for existing market players as well as new entities that are interested in participating in the market. Thus, the report analysis helps in formulating informed business decisions by receiving detailed insights into the development of the key market segments.

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Top Leading Key Manufacturers in Market are:

1 Dior

2 LVMH

3 Coach

4 Prada

5 Gucci

6 Michael Kors

7 Armani

8 Hermes

9 Chanel

10 Richemont

11 Kate Spade

12 Burberry and More………….

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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This study answers to the below key questions:

1 What will the market size be in 2022?

2 What are the key factors driving the Global Luxury Bag Market?

3 What are the challenges to market growth?

4 Who are the key players in the Luxury Bag Market?

5 What are the market opportunities and threats faced by the key players?

Table of Contents:

Global Luxury Bag Market Report 2018

1 Luxury Bag Product Definition

2 Global Luxury Bag Market Manufacturer Share and Market Overview

3 Manufacturer Luxury Bag Business Introduction

4 Global Luxury Bag Market Segmentation (Region Level)

5 Global Luxury Bag Market Segmentation (Product Type Level)

6 Global Luxury Bag Market Segmentation (Industry Level)

7 Global Luxury Bag Market Segmentation (Channel Level)

8 Luxury Bag Market Forecast 2018-2022

9 Luxury Bag Segmentation Product Type

10 Luxury Bag Segmentation Industry

11 Luxury Bag Cost of Production Analysis

12 Conclusion

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