Key Market Dynamics:
- Market Driver
- Market Challenges
The design and material innovation leading to product premiumization and the high influence of celebrity endorsements on purchase decisions are some of the key market drivers. However, factors such as the presence of counterfeit products will challenge market growth.
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The luxury handbags market report is segmented by distribution Channel (Offline and Online) and geography (Europe, North America, APAC, South America, and MEA). Europe will be the leading region with 32% of the market's growth during the forecast period. France, the UK, and Italy are the key markets for luxury handbags in Europe.
View our sample report for additional insights into the contribution of all the segments and regional growth.
Some Companies Mentioned
- Burberry Group Plc
- CHANEL Ltd.
- Compagnie Financiere Richemont SA
- Dolce & Gabbana Srl
- Hermes International
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Luxury Handbags Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 5.60% |
Market growth 2021-2025 |
USD 16.90 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.02 |
Regional analysis |
Europe, North America, APAC, South America, and MEA |
Performing market contribution |
Europe at 32% |
Key consumer countries |
US, China, France, Italy, UK, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Burberry Group Plc, CHANEL Ltd., Compagnie Financiere Richemont SA, Dolce & Gabbana Srl, Hermes International, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, PRADA Group, Ralph Lauren 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 the forecast period. |
Customization purview |
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 Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/
SOURCE Technavio
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