Luxury handbag market size to increase by USD 16.90 billion | Design and hardware innovation leading to product premiumization to drive market growth
Key market dynamics:
- Market engine
- Market challenges
Innovation in design and materials leading to premiumization of products and the strong influence of celebrity mentions on purchasing decisions are some of the main drivers of the market. However, factors such as the presence of counterfeit products will challenge the growth of the market.
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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 first region with 32% market growth during the forecast period. France, the United Kingdom and Italy are the key markets for luxury handbags in Europe.
See our sample report for additional information on the contribution of all segments and regional growth.
Some companies mentioned
- Burberry Plc Group
- CHANEL SA
- Compagnie Financière Richemont SA
- Dolce & Gabbana Srl
- Hermès International
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Associated reports:
Handbag market in India by product and distribution channel – Forecast and analysis 2021-2025
Leather Handbags Market by Distribution Channel and Geography – Forecast and Analysis 2021-2025
Tote Bags Market by Distribution Channel and Geography – Forecast and Analysis 2021-2025
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Scope of the luxury handbag market |
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Cover of the report |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth dynamics and CAGR |
Accelerate to a CAGR of almost 5.60% |
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Market growth 2021-2025 |
$ 16.90 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
3.02 |
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Regional analysis |
Europe, North America, APAC, South America and MEA |
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Efficient contribution to the market |
Europe at 32% |
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Main consumer countries |
United States, China, France, Italy, United Kingdom and Japan |
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Competitive landscape |
Leading companies, competitive strategies, reach of consumer engagement |
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Profiled companies |
Burberry Group Plc, CHANEL Ltd., Compagnie Financière Richemont SA, Dolce & Gabbana Srl, Hermes International, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, PRADA Group, Ralph Lauren Corp. and Tapestry Inc. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period. |
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Customization |
If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments. |
Main topics covered:
- Abstract
- Market landscape
- Market sizing
- Five forces analysis
- Market segmentation
- Customer landscape
- Geographic landscape
- Supplier landscape
- Supplier analysis
- Annex
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