Press release
Leather Handbags Market To Grow At Rate Of 6.10% Through 2029 | Trends and Business Opportunities
Leather Handbags Market
In recent years, leather handbags have become one of the most desirable personal products. The global leather handbags market is expected to witness promising growth during the forecast period due to the rising popularity of leather handbags among many global people. Due to multi-utility properties over the forecast period, the "tote bags" is the highest growing product type segment. Furthermore, growing social media influence of twitter and Instagram on consumers is responsible for the potential customers' inclination toward the leather handbags market. Most young adults use these social media platforms, so the leather handbag companies are focusing on them to advertise their product globally. Moreover, rapid globalization, increasing consumer spending and rapidly changing lifestyles are all significant factors that positively impact the leather handbags market's growth.
Global leather handbags Market was valued at USD 28.38 billion in 2021 and is expected to reach USD 45.58 billion by 2029, registering a CAGR of 6.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
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Some of the major players operating in the leather handbags market are
Burberry Group Plc (U.K.)
Capri Holdings Limited (U.S.)
CHANEL (U.K.)
Dolce and Gabbana Srl (Italy)
Double R Bags (India)
Giorgio Armani Spa (Italy)
Hermes International SA (France)
Kering (France)
LVMH (France)
Mulberry (U.K.)
PRADA Group (Italy)
Ralph Lauren (U.S.)
Samsonite IP Holdings S.à r.l. (China)
Tapestry Inc. (U.S.)
Shree Satyanarayanji Impex (India)
Frontier Bag Company (U.S.)
Casco Manufacturing Solutions, Inc. (U.S.)
Blivus Bags (India)
Earthyy Bags (India)
Global Leather Handbags Market Scope
The leather handbags market is segmented on the basis of type, product type, bag size, price range, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Formal
Casual
Product Type
Handheld Bags
Satchel Bags
Shoulder Bags
Sling Bags
Tote Bags
Others
Bag Size
Small
Regular
Oversized
Price Range
Low
Mid
High
Distribution Channel
Direct
Retail
E-Commerce
End user
Men
Women
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