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Global Luxury Handbag Market (2021-2026) by Type, Distribution Channel, Material, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5544165
  • Report
  • January 2022
  • Region: Global
  • 183 Pages
  • Infogence Global Research

FEATURED COMPANIES

  • Burberry
  • Giorgio Armani
  • Kate Spade
  • Louis Vuitton
  • Michael Kors
  • Prada
The Global Luxury Handbag Market is estimated to be USD 71.84 Bn in 2021 and is expected to reach USD 97.05 Bn by 2026, growing at a CAGR of 6.2%.



Market Dynamics

Key factors such as a rise in per capita income, the evolution of new offerings, and the rise in internet penetration boost market growth. Rising product innovation and changing fashion trends are key opportunities in the market. With the increasing working women population, the manufacturers of luxury handbags are developing handbags fortified with mobile holders, laptop sleeves, and key holders that provide a luxury feel without compromising the quality. The demand for men's luxury handbags is increasing as they have identified luxury handbags as a lifestyle product. However, the high cost of luxury handbags is major.

Market Segmentation

  • The Global Luxury Handbag Market is segmented further based on Type, Distribution Channel, Material, and Geography.
  • By Type, the market is classified as Handbag, Backpack, Wallet, and Others.
  • By Distribution Channel, the market is classified as Duty-Free Stores, Online Stores, Discount Stores, Hypermarkets, and Specialty Stores.
  • By Material, the market is classified as Cotton, Leather, Nylon, and Synthetic.
  • By Gender, the market is classified as Male and Female.
  • By Geography, America is projected to lead the market.

Recent Developments

1. Richemont acquires Luxury Handbag Maker Delvaux. Delvaux will leverage Richemont's global presence and digital capabilities with the new deal. 2nd July 2021

Company Profiles

Some of the companies covered in this report are Burberry, Giorgio Armani, Prada, GANNI, Loeffler Randall, Macy's, Michael Kors, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Luxury Handbag Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Luxury Handbag Market

What is the estimated value of the Global Luxury Handbag Market?

The Global Luxury Handbag Market was estimated to be valued at $71.8 Billion in 2021.

What is the growth rate of the Global Luxury Handbag Market?

The growth rate of the Global Luxury Handbag Market is 6.2%, with an estimated value of $97.1 Billion by 2026.

What is the forecasted size of the Global Luxury Handbag Market?

The Global Luxury Handbag Market is estimated to be worth $97.1 Billion by 2026.

Who are the key companies in the Global Luxury Handbag Market?

Key companies in the Global Luxury Handbag Market include Burberry, Loeffler Randall, Prada, Furla, GANNI, Giorgio Armani, Gucci, Hermès and Longchamp.

FEATURED COMPANIES

  • Burberry
  • Giorgio Armani
  • Kate Spade
  • Louis Vuitton
  • Michael Kors
  • Prada

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Overall Rise in Per Capita Income and Increasing Working Women Population
4.1.2 Evolution of Retail and E-Commerce
4.1.3 Rise in Internet Penetration and Social Media Influence
4.2 Restraint
4.2.1 Higher Cost of Luxury Bags
4.3 Opportunities
4.3.1 Rising Product Innovation with Changing Fashion Trends
4.3.2 Demand for Men's Luxury Handbags
4.4 Challenges
4.4.1 Avaibility of Alternatives
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Luxury Handbag Market, By Type
6.1 Introduction
6.2 Handbag
6.3 Backpack
6.4 Wallet
6.5 Others
7 Global Luxury Handbag Market, By Distribution Channel
7.1 Introduction
7.2 Duty free stores
7.3 Online stores
7.4 Discount Stores
7.5 Hypermarket
7.6 Specialty stores
8 Global Luxury Handbag Market, By Material
8.1 Introduction
8.2 Cotton
8.3 Leather
8.4 Nylon
8.5 Synthetic
9 Global Luxury Handbag Market, By Gender
9.1 Introduction
9.2 Male
9.3 Female
10 Global Luxury Handbag Market, By Geography
10.1 Introduction
10.2 America
10.2.1 Argentina
10.2.2 Brazil
10.2.3 Canada
10.2.4 Chile
10.2.5 Colombia
10.2.6 Mexico
10.2.7 Peru
10.2.8 United States
10.2.9 Rest of Americas
10.3 Europe
10.3.1 Austria
10.3.2 Belgium
10.3.3 Denmark
10.3.4 Finland
10.3.5 France
10.3.6 Germany
10.3.7 Italy
10.3.8 Netherlands
10.3.9 Norway
10.3.10 Poland
10.3.11 Russia
10.3.12 Spain
10.3.13 Sweden
10.3.14 Switzerland
10.3.15 United Kingdom
10.3.16 Rest of Europe
10.4 Middle East and Africa
10.4.1 Egypt
10.4.2 Israel
10.4.3 Qatar
10.4.4 Saudi Arabia
10.4.5 South Africa
10.4.6 United Arab Emirates
10.4.7 Rest of MEA
10.5 Asia-Pacific
10.5.1 Australia
10.5.2 Bangladesh
10.5.3 China
10.5.4 India
10.5.5 Indonesia
10.5.6 Japan
10.5.7 Malaysia
10.5.8 Philippines
10.5.9 Singapore
10.5.10 South Korea
10.5.11 Sri Lanka
10.5.12 Thailand
10.5.13 Taiwan
10.5.14 Rest of Asia-Pacific
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 Burberry
12.2 Loeffler Randall
12.3 Prada
12.4 Furla
12.5 GANNI
12.6 Giorgio Armani
12.7 Gucci
12.8 Hermès
12.9 Kate Spade
12.10 Longchamp
12.11 Louis Vuitton
12.12 Louvreuse
12.13 Macy's
12.14 Michael Kors
12.15 Mulberry Group
12.16 Polène
12.17 Ralph Lauren
12.18 Rebecca Minkoff
12.19 Richemont
12.20 Samsonite International
12.21 Valentino
12.22 Vera Bradley Sales
12.23 Yves Saint Laurent
13 Appendix
13.1 Questionnaire
  • Burberry
  • Loeffler Randall
  • Prada
  • Furla
  • GANNI
  • Giorgio Armani
  • Gucci
  • Hermès
  • Kate Spade
  • Longchamp
  • Louis Vuitton
  • Louvreuse
  • Macy's
  • Michael Kors
  • Mulberry Group
  • Polène
  • Ralph Lauren
  • Rebecca Minkoff
  • Richemont
  • Samsonite International
  • Valentino
  • Vera Bradley Sales
  • Yves Saint Laurent