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Global Luxury Handbags Market 2019-2023 - Product Image

Global Luxury Handbags Market 2019-2023

  • ID: 4751609
  • Report
  • Region: Global
  • 124 pages
  • TechNavio
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FEATURED COMPANIES

  • Hermès
  • Kering
  • LVMH
  • Prada
  • Tapestry
  • MORE
Vendors are constantly reforming and introducing new designs and patterns owing to growing competition and customer demand arising from rapid changes in the fashion industry. Customers seek luxury handbags for formal (especially leather handbags) and casual purposes (such as metal and precious stone studded handbags). To meet such evolving customer needs: vendors regularly expand their product lines. Leather handbags fall under the promoted and most in-demand segment of the market. This is because leather offers products a premium feel. The durability of leather also attracts customers to buy leather products such as leather handbags. The high demand and supply shortage also allow manufacturers to increase their prices. The innovation in designs and the use of exotic leather to manufacture products have enabled manufacturers to cater to the demand from high-end and premium customers. The analysts have predicted that the luxury handbags market will register a CAGR of over 7% by 2023.

Market Overview

High influence of celebrity endorsements on purchase decision

The fashion industry has been experiencing rapid changes and advances over the last two decades mostly due to the growth in the number of fashion-conscious consumers especially in developing regions. Manufacturers of handbag and personal luxury goods adopt different marketing campaigns and strategies to expand their consumer base.

Rising labor cost and fluctuating raw material prices

The labor costs have grown rapidly in the last decade thereby raising their production cost. The changing economic conditions have also adversely affected the labor costs of other international countries from Mere the company imports its supplies. Therefore, an increase in the production cost of the vendors lowers their profit margins and proves to be a challenge for the vendors. Fluctuations in raw material costs are other challenges for global manufacturers.

For the detailed list of factors that will drive and challenge the growth of the luxury handbags market during the 2019-2023, view this report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Hermès
  • Kering
  • LVMH
  • Prada
  • Tapestry
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
  • Market segmentation by distribution channel
  • Comparison by distribution channel
  • Offline - Market size and forecast 2018-2023
  • Online - Market size and forecast 2018-2023
  • Market opportunity by distribution channel
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Personalization and customization of luxury handbags
  • Increased demand for luxury handbags made of eco-friendly material
  • Increased demand for convertible handbags
PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Hermès
  • Kering
  • LVMH
  • Prada
  • Tapestry
PART 13: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Years in consideration
Exhibit 02: Global personal luxury goods market
Exhibit 03: Segments of global personal luxury goods market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Household and NPISHs final consumption expenditure per capita 2011-2016 (constant 2010 $)
Exhibit 07: Household disposable income per capita 2011-2016 (US$)
Exhibit 08: Market definition - Inclusions and exclusions checklist
Exhibit 09: Market size 2018
Exhibit 10: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 11: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 12: Five forces analysis 2018
Exhibit 13: Five forces analysis 2023
Exhibit 14: Bargaining power of buyers
Exhibit 15: Bargaining power of suppliers
Exhibit 16: Threat of new entrants
Exhibit 17: Threat of substitutes
Exhibit 18: Threat of rivalry
Exhibit 19: Market condition - Five forces 2018
Exhibit 20: Distribution channel - Market share 2018-2023 (%)
Exhibit 21: Comparison by distribution channel
Exhibit 22: Offline - Market size and forecast 2018-2023 ($ billions)
Exhibit 23: Offline - Year-over-year growth 2019-2023 (%)
Exhibit 24: Online - Market size and forecast 2018-2023 ($ billions)
Exhibit 25: Online - Year-over-year growth 2019-2023 (%)
Exhibit 26: Market opportunity by distribution channel
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2018-2023 (%)
Exhibit 29: Geographic comparison
Exhibit 30: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 31: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 32: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 33: North America - Year-over-year growth 2019-2023 (%)
Exhibit 34: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 35: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 36: South America - Market size and forecast 2018-2023 ($ billions)
Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
Exhibit 38: MEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 39: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Decision framework
Exhibit 43: International tourism, expenditures (current US$) for US, UK, and China (2011-2016)
Exhibit 44: Impact of drivers and challenges
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: Hermès - Vendor overview
Exhibit 51: Hermès - Business segments
Exhibit 52: Hermès - Organizational developments
Exhibit 53: Hermès - Geographic focus
Exhibit 54: Hermès - Segment focus
Exhibit 55: Hermès - Key offerings
Exhibit 56: Kering - Vendor overview
Exhibit 57: Kering - Business segments
Exhibit 58: Kering - Organizational developments
Exhibit 59: Kering - Geographic focus
Exhibit 60: Kering - Segment focus
Exhibit 61: Kering - Key offerings
Exhibit 62: LVMH - Vendor overview
Exhibit 63: LVMH - Business segments
Exhibit 64: LVMH - Organizational developments
Exhibit 65: LVMH - Geographic focus
Exhibit 66: LVMH - Segment focus
Exhibit 67: LVMH - Key offerings
Exhibit 68: Prada - Vendor overview
Exhibit 69: Prada - Business segments
Exhibit 70: Prada - Organizational developments
Exhibit 71: Prada - Geographic focus
Exhibit 72: Prada - Segment focus
Exhibit 73: Prada - Key offerings
Exhibit 74: Tapestry - Vendor overview
Exhibit 75: Tapestry - Business segments
Exhibit 76: Tapestry - Organizational developments
Exhibit 77: Tapestry - Geographic focus
Exhibit 78: Tapestry - Segment focus
Exhibit 79: Tapestry - Key offerings
Exhibit 80: Validation techniques employed for market sizing
Exhibit 81: List of abbreviations
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Hermès
  • Kering
  • LVMH
  • Prada
  • Tapestry
  • MORE
Global Luxury Handbags Market 2019-2023

The analyst recognizes the following companies as the key players in the global luxury handbags market: Hermès, Kering, LVMH, Prada, Tapestry.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing demand for convertible handbags.”

According to the report, one of the major drivers for this market is growth in the number of international tourist arrivals and the expenditure is expenditure to contribute to the growth in demand for personal luxury goods, consequently driving the sales of the market.

Further, the report states that one of the major factors hindering the growth of this market is the stringent government regulations for procuring raw material such as leather.

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.
Note: Product cover images may vary from those shown
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  • Hermès
  • Kering
  • LVMH
  • Prada
  • Tapestry
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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