openPR Logo
Press release

Luxury Handbag Market - Global Industry Growth, Trends, and Forecast For 2017 - 2025

03-10-2018 07:05 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Luxury Handbag Market - Global Industry Growth, Trends,

Luxury handbags are amongst the fastest growing segments in the overall luxury goods market. Even though the market offers products for both men and women, it is predominantly seen as women-oriented. This is owing to the relatively larger number of options with respect to patterns, colors, and sizes for women. The market is characterized by the presence of dynamic market players and increased merger & acquisition activities in recent times. Although the market is highly susceptible to economic downturns, it is expected to grow at a healthy rate during the forecast period primarily driven by strong performance by international luxury brands in emerging markets.

There are many factors driving the global luxury handbag market. The rising disposable income in emerging economies and growing preference for high end luxury branded goods are expected to be major drivers of growth for the market. 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.

Download Brochure For More Information@

There are, however, some factors which are restraining the market growth. The global luxury handbag market is expected to face considerable challenge from counterfeit products and local brands. Easy availability of cheaper counterfeit copies of premium luxury bags is resulting in market fragmentation and is expected to be one of the biggest restraints of the market. Strict regulatory issues pertaining to premium luxury goods are also expected to hinder the growth of the market. The discounting offered by vendors and resellers in a bid to outsell the competition has damaged the reputation of brands, which is also expected to slow down the market’s growth rate.

The global luxury handbag market can be segmented on the basis of type, application, and geography. On the basis of type, the market can be segmented into canvas, leatherette, corium and others. On the basis of application, the market can be divided into Women and Men.

On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the total market owing to the early adoption and presence of key market players. The region is also helped by the large number of bricks and mortar stores like Macy’s which shoppers prefer while shopping for luxury goods. The region is driven by the U.S., where the market is characterized by aggressive pricing, marketing, and customer acquisition tactics. Europe is expected to follow North America in terms of market share. Asia Pacific, primarily driven by growth in disposable income in emerging countries is expected to expand at a significant rate and emerge as the fastest growing region. The region has also invested heavily in development of communication technology and infrastructure which has resulted in increased internet penetration and this effort has translated into the growth of online retailing resulting in high consumption of luxury bags.

Get Toc Of Research Report@

The major players in the global luxury handbag market are Christian Dior SE, LVMH Moët Hennessy Louis Vuitton SE, Coach, Inc., Prada S.p.A., Kering, Michael Kors Holdings Limited, Hermès International S.A. and Chanel S.A. Other prominent players include Compagnie Financière Richemont SA, Kate Spade New York, Burberry Group plc, Tory Burch LLC, HONGU, Fion, Goldlion Singapore, Blair Ritchey, Tori Nicole, Victoria Leather Company, Cinda B, ItzaLuLu, J.W. Hulme Company, LexiWynn Designs and Holly Aiken, LLC.

About Us:-

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:-

State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Luxury Handbag Market - Global Industry Growth, Trends, and Forecast For 2017 - 2025 here

News-ID: 972873 • Views: 538

More Releases from Transparency Market Research

Pad Printing Machine Market - Provides Veritable Information on Size, Growth Tre …
Pad Printing Machine Market: An Overview Need for an effective printing machine which can lay down simple one colored image or complex multicolor graphics to about every object helped in the introduction of pad printing machine. It is used to transfer a 2-D image via a silicon padon to a 3-D object on any type of surface like flat, spherical, irregular or cylindrical. Pad printing machine also prints photos or other
Varnished Cambric Tape Market - Company Strategy, Product Portfolio and Recent D …
Varnished cambric tape Market: An Overview The growth of renewable power generation will be an elementary factor to push the demand for the electrical wires and cables market across the globe, the countries are focusing more on power generation through renewable resources available in comparison with conventional (coal, thermal, etc.) power generation methodology, the transmission and distribution of electrical infrastructure is not only required to be completely developed in developed economies
Hip Flask Market | Reporting and Evaluation of Recent Industry Developments & Bu …
Hip Flask Market: An Overview Similar to the mobile, the hip flask started to appear in the form it was recognized today in the 18th century, the primarily hip flask was mainly used by the well-born people of high social class especially in the past. Initially, the hip flask was made of malleable metal alloy (Pewter), silver, gold, copper, and glass, but nowadays hip flask is also available in stainless steel
Cargo Pit Tape Market - Research Forecast, Revenue Opportunities And Sales Volum …
Cargo Pit Tape Market: An Overview The most important element in packaging is quality of adhesive to be used in packaged items to maintain the same quality throughout the supply chain till the time it reaches the destination safely. There are many types of packaging tapes available in the market with different applications. Polypropylene Tape: it’s economical, durable, and reliable and resistant to breaking or tearing during the shipping. Printed Fragile Tape: It

All 5 Releases

More Releases for Luxury

Luxury Diaries & Organisers
ANTORINI Breath-taking diaries for 2017 We have discovered the most beautiful and stylish 2017 diaries for you. Enter the world of beautiful scheduling. The new collection of leather diaries for 2017 bears the signs of beauty and perfection. It combines the sense of practical scheduling and attractive timeless design. You can find diaries with gold plating, different shapes, colours and surfaces in the new exclusive collection of the prestigious ANTORINI brand. Diaries
New to Luxury
When it comes to luxury, people only think of luxury products or classy lifestyle. To get everything there is always a small bit to count. New to luxury is an online magazine dedicated to luxury approaching all the topics making life of luxury: health efforts, food style, art & design, high tech, shopping, simple tips and tricks to ease the life. Developing the spirit of the brand luxury in common man’s life.
Luxury Portfolio International™ Connects With Luxury Consumers
CHICAGO – (8/29/11) – As interest in the luxury real estate market continues to increase, Luxury Portfolio International™ is responding by showcasing their high end properties through international events and in venues around the world. Approaching the fall season, Luxury Portfolio International™ is hosting a series of member-facing Fall Workshops, first in Chicago followed by Providence, Rhode Island, September 6-7th. Network brokers, managers, marketing and relocation professionals from across
Gordon’s Luxury Tasting
Gordon’s Luxury Tasting Gordon’s Fine Wines & Liquors Hosts Annual Luxury Tasting with Horizon Beverages! Join Gordon’s Fine Wine & Liquors for their annual, luxury wine tasting with Horizon Beverages, the largest wine, beer and liquor distributor in New England, for a complimentary tasting of wines that you’ve always dreamed of drinking.
Luxury shower panel Aqvaplana
The AQVAPLANA shower panel, completely designed in solid marine Okumè type wood, takes a departure from the mainstream world of sanitary fixtures, which doesn't contemplate the use of wood in direct contact with water for an extended time. The perceptive intuition of creating a shower panel which makes use of wood, normally employed in the building of boats and further protecting it with special marine type varnishes, actually brings the
Luxury Jewelry That Impress...
Are what 1001 Mouse is all about, and our line of gift ideas includes "gift certificates" for those that are "difficult to buy for". Searching for Luxury Jewelry can be... Frustrating and Time Consuming... - Luxury Jewelry at are the finest, most memorable and unique Luxury Jewelry found anywhere! Gift ideas of 14 Karat Luxury Jewelry are absolutely, positively, Luxury Jewelry is THE BEST gift imaginable for either men or