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The Leather Handbags Market value is set to grow by USD 8.28 billion, progressing at a CAGR of 5% from 2020 to 2025, as per the latest report by Technavio. Moreover, the market is segmented by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA).
Leather Handbags Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
Market growth 2021-2025 |
$ 8.28 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.01 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 37% |
Key consumer countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Burberry Group Plc, Capri Holdings Ltd., Guess? Inc., H & M Hennes & Mauritz AB, Hermès International, Kering SA, LVMH Moet Hennessy - Louis Vuitton, PRADA Group, PVH Corp., and Tapestry Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Dynamics:
- Major Challenge:
- Rising labor cost and fluctuating raw material prices is one of the key challenges hindering the leather handbags market growth. Fluctuating raw material prices is a challenge for manufacturers globally. Leather manufacturing includes several steps such as procurement, processing, and tanning or synthesizing. Several government regulations are applicable, and various chemicals are used in manufacturing, which further increases the price of leather as a raw material. The manufacturing facilities of various international brands, such as PRADA, COACH, Giorgio Armani, Burberry, Mulberry, and DOLCE&GABBANA, are located in Asian countries, such as China, Indonesia, Bangladesh, and Vietnam, where the labor costs have grown rapidly over the last decade. The increase in production cost lowers the profit margins of vendors and proves to be a challenge for them in the global leather handbags market. To overcome this situation, vendors are adopting and investing in new technologies and innovative collaborations and automating the manufacturing process.
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Some of the Major Companies Mentioned
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Burberry Group Plc
- Capri Holdings Ltd.
- Guess? Inc.
- H & M Hennes & Mauritz AB
- Hermès International
- Kering SA
- LVMH Moet Hennessy - Louis Vuitton
- PRADA Group
- PVH Corp.
- Tapestry Inc.
The leather handbags market is fragmented and the vendors are deploying growth strategies such as product launches and the increasing investment in marketing strategies to compete in the market.
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Apparel, accessories, and luxury goods market
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Distribution channel
- 5.1 Market segments
- Exhibit 15: Distribution channel - Market share 2020-2025 (%)
- 5.2 Comparison by Distribution channel
- Exhibit 16: Comparison by Distribution channel
- 5.3 Offline - Market size and forecast 2020-2025
- Exhibit 17: Offline - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Offline - Year-over-year growth 2020-2025 (%)
- 5.4 Online - Market size and forecast 2020-2025
- Exhibit 19: Online - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Online - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Distribution channel
- Exhibit 21: Market opportunity by Distribution channel
6 Customer landscape
- 6.1 Customer landscape
- Exhibit 22: Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 23: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 24: Geographic comparison
- 7.3 APAC - Market size and forecast 2020-2025
- Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 North America - Market size and forecast 2020-2025
- Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 35: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 36: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 38: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 39: Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 41: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 42: Market positioning of vendors
- 10.3 Burberry Group Plc
- Exhibit 43: Burberry Group Plc - Overview
- Exhibit 44: Burberry Group Plc - Business segments
- Exhibit 45: Burberry Group Plc - Key offerings
- Exhibit 46: Burberry Group Plc - Segment focus
- 10.6 H
- Exhibit 52: Guess? Inc. - Overview
- Exhibit 53: Guess? Inc. - Business segments
- Exhibit 54: Guess? Inc. - Key offerings
- Exhibit 55: Guess? Inc. - Segment focus
- 10.7 Hermès International
- Exhibit 60: Hermès International - Overview
- Exhibit 61: Hermès International - Business segments
- Exhibit 62: Hermès International – Key news
- Exhibit 63: Hermès International - Key offerings
- Exhibit 64: Hermès International - Segment focus
- 10.8 Kering SA
- Exhibit 65: Kering SA - Overview
- Exhibit 66: Kering SA - Business segments
- Exhibit 67: Kering SA – Key news
- Exhibit 68: Kering SA - Key offerings
- Exhibit 69: Kering SA - Segment focus
- 10.9 LVMH Moet Hennessy - Louis Vuitton
- Exhibit 70: LVMH Moet Hennessy - Louis Vuitton - Overview
- Exhibit 71: LVMH Moet Hennessy - Louis Vuitton - Business segments
- Exhibit 72: LVMH Moet Hennessy - Louis Vuitton - Key news
- Exhibit 73: LVMH Moet Hennessy - Louis Vuitton - Key offerings
- Exhibit 74: LVMH Moet Hennessy - Louis Vuitton - Segment focus
- 10.10 PRADA Group
- Exhibit 75: PRADA Group - Overview
- Exhibit 76: PRADA Group - Business segments
- Exhibit 77: PRADA Group – Key news
- Exhibit 78: PRADA Group - Key offerings
- 10.11 PVH Corp.
- Exhibit 79: PVH Corp. - Overview
- Exhibit 80: PVH Corp. - Business segments
- Exhibit 81: PVH Corp. – Key news
- Exhibit 82: PVH Corp. - Key offerings
- Exhibit 83: PVH Corp. - Segment focus
- 10.12 Tapestry Inc.
- Exhibit 84: Tapestry Inc. - Overview
- Exhibit 85: Tapestry Inc. - Business segments
- Exhibit 86: Tapestry Inc. – Key news
- Exhibit 87: Tapestry Inc. - Key offerings
- Exhibit 88: Tapestry Inc. - Segment focus
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 89: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 90: Research Methodology
- Exhibit 91: Validation techniques employed for market sizing
- Exhibit 92: Information sources
- 11.4 List of abbreviations
- Exhibit 93: List of abbreviations
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SOURCE Technavio
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