Press release
Global Luxury Bag Market is anticipated to flourish at a CAGR of 3.1% forecast By 2023
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 report begins with an overview for Luxury Bag Market. The research report broadly covers analysis of key market drivers, challenges, opportunities and trends. The study also provides separate analysis to understand market size, projections and macroeconomic indicators of global regions that affects the market share. The report also offers an extensive coverage of various industry players along with their recent product launches and market activities. The report also goes through porter’s five analyses for getting a better understanding about the forces that shape competition within the industry. There is a timeline considered for useful analysis i.e. 2017 is considered as base year, 2018 as estimated year and 2019-2023 as forecasted year. The market is divided into various segments and further sub-segments to drive the useful insights that can be utilized for company revenue growth and business.
The Luxury Bag Market is segmented on the basis of
By Bag Type
- Shoulder Bags
- Tote Bags
- Cross Body Bags
- Clutches
- Backpacks
- Mini Bags
- Others
By Demography
- Men
- Women
By Distribution Channel
- Online Store
- Offline Store
The research also does a separate geographical analysis that comprises both the region wise and country wise analysis. The geography covered in the report is North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe) , Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) Latin America (Brazil, Mexico, Argentina and Rest of Latin America) and Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa). As per the report, Asia Pacific is likely to be the market giant in the upcoming years.
Considering the competition, the major vendors providing Luxury Bag Market across the globe 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
These vendors have adopted various types of organic and inorganic growth strategies, such as new product launches, business expansions, partnerships and collaborations, and mergers and acquisitions, to expand their offerings and further expand their presence in the Luxury Bag Market.
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Table of Content:
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
Continue…
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About KD Market Insights
KD Market Insights has come with the idea of helping business by intelligent decision making and thorough understanding of the industry. We offer a comprehensive database of syndicated research, customized reports as well as consulting services to help a business grow in their respective domain. At KD Market Insights, we offer our client a deep Market research reports accompanied by business consulting services that can help them to reach on top of the corporate world. Our customized reports are built by keeping all factors of the industry in mind.
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