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The luxury handbags market is forecasted to grow by USD 24.73 billion during 2023-2028, accelerating at a CAGR of 6.34% during the forecast period. The report on the luxury handbags market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by design and material innovation leading to product premiumization, high influence of celebrity endorsements on purchase decision, and increased expenses by international tourists.
The luxury handbags market is segmented as below:
By Distribution Channel
- Offline
- Online
By Type
- Handbag
- Backpack
- Wallet
- Others
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
The report on the luxury handbags market covers the following areas:
- Luxury handbags market sizing
- Luxury handbags market forecast
- Luxury handbags market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The 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 such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the luxury handbags market: 3.1 Phillip Lim, Burberry Group PLC, Capri Holdings Ltd., Chanel Ltd., Compagnie Financiere Richemont SA, Dolce and Gabbana S.r.l., Fendi, Giorgio Armani S.p.A., Hermes International SA, Kering SA, Maus Freres SA, Mulberry Group PLC, Prada Spa, PVH Corp., Ralph Lauren Corp., Rebecca Minkoff LLC, Tory Burch LLC, Sungjoo Group, Tapestry Inc., and The LVMH group.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is personalization and customization of luxury handbags."
According to the report, one of the major drivers for this market is the design and material innovation leading to product premiumization.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3.1 Phillip Lim
- Burberry Group Plc
- Capri Holdings Ltd.
- Chanel Ltd.
- Compagnie Financiere Richemont SA
- Dolce and Gabbana S.r.l.
- Fendi
- Giorgio Armani S.p.A.
- Hermes International SA
- Kering SA
- Maus Freres SA
- Mulberry Group Plc
- Prada Spa
- PVH Corp.
- Ralph Lauren Corp.
- Rebecca Minkoff LLC
- Tory Burch LLC
- Sungjoo Group
- Tapestry Inc.
- The LVMH group
