The report on the luxury handbags market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The design and material innovation leading to product premiumization as one of the major factors driving the growth of the market. Furthermore, the luxury handbags market is segmented by distribution channel (offline and online) and geography (Europe, North America, APAC, South America, and MEA).
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The Luxury Handbags Market covers the following areas:
Luxury Handbags Market Sizing
Luxury Handbags Market Forecast
Luxury Handbags Market Analysis
Vendor Landscape
The luxury handbags market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market. Some of the key vendors are:
- 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.
- Tapestry Inc.
To know more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings, Request a Free Sample Report.
Key Market Dynamics:
Market Driver
- Design and material innovation leading to product premiumization
- High influence of celebrity endorsements on purchase decision
- Increased expenses by international tourists
Market Challenges
- Presence of counterfeit products
- Rising labor cost and fluctuating raw material prices
- Stringent government regulations for procuring raw material such as leather
Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.
Vendor Insights-
The vendors of Luxury Handbags Market invest heavily in building infrastructure suitable for manufacturing luxury handbags. They differentiate themselves based on product quality and offer various quality-driven products. The price differentiation among these vendors is high due to almost similar product offerings and growing competition.
Burberry Group Plc- Offers a wide range of luxury handbags such as Lola bags, Olympia bags, pocket bags among others.
CHANEL Ltd.- Offers a wide range of luxury handbags such as classic handbags, 2.55 handbags, Chanel 19 handbag among others.
Dolce & Gabbana SRL- Offers a wide range of luxury handbags such as strobe calf skin handbags, Sicily bags among others.
Find additional highlights on the vendors and their product offerings. Download Free Sample Report
Geographical Market Analysis
32% of the market's growth will originate from Europe during the forecast period. France, the UK, and Italy are the key markets for luxury handbags in Europe. Handbags Market growth in the UK will be faster than the growth of the market in North American and South American regions.
Moreover, countries like the US, China, France, Italy, the UK, and Japan are the key market for the luxury handbags market in Europe.
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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 5.60% |
Market growth 2021-2025 |
$ 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. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2020-2025
- Online - Market size and forecast 2020-2025
- Market opportunity by Distribution channel
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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.
- Tapestry Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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