Luxury Handbags Market Latest Trend and Growth Opportunity By 2027

Global Luxury Handbags Market Research Report: Forecast (2022-27)

By Product (Tote, Clutch, Satchel, Others (Hobo, Body Cross, Saddle)) By Raw Material (Leather, Fabric) By Consumer Group (Men, Women, Unisex) By Distribution Channel (Online, E-commerce Websites, C... ... commerce Websites, Company Owned Websites, Offline (Specialty Stores, Mega Retail Stores, Others (Individual Stores, Departmental Stores, etc.)), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific) By Company (Burberry, Calvin Klein Inc., Coach IP Holdings LLC, Chanel Ltd, Fendi, Giorgio Armani S.p.A. , Guccio Gucci S.p.A., Hermès International S.A., Kate Spade, Louis Vuitton Malletier, Michael Kors Holdings Ltd, Prada S.p.A. , Others ) Read more

FMCG
May 2022
Pages 169
Report Format: PDF, Excel, PPT

Market Definition

Luxury handbags are expensive designer bags that are prominent accessories for fashion lovers. These bags are swiftly gaining popularity globally, especially among working females. With improving economic conditions and growing consumer inclination toward handbags that offer durability & aesthetics, luxury handbags are swiftly gaining traction and enabling the manufacturers to expand their customer base globally.

Market Insights

The Global Luxury Handbags Market is projected to grow at a CAGR of around 6.3% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the swiftly expanding fashion sector entwined with an escalating working female population. Besides, with the growing brand awareness among consumers & their swiftly improving economic conditions, changing living standards, and greater preference toward luxury living, the sales of extravagant handbags are accelerating rapidly & fueling the overall market growth.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR(2022-27)	6.3%
Regions Covered	North America: USA, Canada
	Europe: Germany, The UK, France, Italy, Russia
	Asia-Pacific: China, India, Japan, South Korea, Australia and Others
	South America: Brazil, Mexico
	Middle East & Africa: Israel, Turkey, UAE, Saudi Arabia, South Africa
Key Companies Profiled	Burberry, Calvin Klein Inc., Coach IP Holdings LLC, Chanel Ltd, Fendi, Giorgio Armani S.p.A. , Guccio Gucci S.p.A., Hermès International S.A., Kate Spade, Louis Vuitton Malletier, Michael Kors Holdings Ltd, Prada S.p.A. , Others
Unit Denominations	USD Million/Billion

Moreover, the growing inclination of people toward procuring luxury handbags as a status symbol and for their aesthetic appeal, high material quality, and elegant designs are the other prominent aspects driving the global luxury handbags market.

Furthermore, an increasing number of tourists, coupled with strategic brand promotions & advertisements by celebrities to attract a greater consumer base, are also anticipated to play a crucial role in propelling the demand for these handbags globally through 2027.

Impact of Covid-19 on the Global Luxury Handbags Market

The advent of Covid-19 had a decelerating effect on most industries worldwide, and the Global Luxury Handbags Market was no exception. While governments of different countries imposed stringent movement restrictions & lockdowns to curb the spread of this dreadful disease, the leading players in the market witnessed several unprecedented challenges associated with the production & distribution of their luxury handbags across the world.

Besides, since the duration of the limitations was uncertain & the world was undergoing massive financial fluctuations, a majority of the people avoided spending on non-essential products & preserving them for essentials only. As a result, the demand & sales of luxury products, including handbags, severely declined amidst the crisis.

Moreover, the disruptions in the supply chain & transportation network further hampered the deliveries of raw materials & pre-produced bags across different regions and introduced significant delays. It resulted in slow & expensive production of these handbags, which compelled companies like Gucci, Louise Vuitton, & Channel to hike the prices of final products as compensation for their losses.

Nonetheless, with the gradually declining number of Covid-19 cases, restrictions were uplifted & business operations got recommenced. The market leaders resumed their production & distribution at full capacity to regain their usual growth pace and introduce several new products in the Global Luxury Handbags Market in the coming years.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Preface
Executive Summary
Impact of Covid-19 on Global Luxury Handbags Market
Global Luxury Handbags Market Trends & Insights
Global Luxury Handbags Market Dynamics
1. Growth Drivers
2. Challenges
Global Content Moderation Solutions Market Hotspot & Opportunities
Global Luxury Handbags Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Market Revenues
2. Market Share & Analysis
  1. By Product
    1. Tote
    2. Clutch
    3. Satchel
    4. Others (Hobo, Body Cross, Saddle)
  2. By Raw Material
    1. Leather
    2. Fabric
  3. By Consumer Group
    1. Men
    2. Women
    3. Unisex
  4. By Distribution Channel
    1. Online
      1. E-commerce Websites
      2. Company Owned Websites
    2. Offline
      1. Specialty Stores
      2. Mega Retail Stores
      3. Others (Individual Stores, Departmental Stores, etc.)
  5. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia-Pacific
  6. By Competitors
    1. Competition Characteristics
    2. Market Share & Analysis
    3. Competitive Metrix
North America Luxury Handbags Market Outlook, 2017-27F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Product
  2. By Raw Material
  3. By Consumer Group
  4. By Distribution Channel
  5. By Country
    1. The US
    2. Canada
    3. Mexico
South America Luxury Handbags Market Outlook, 2017-27F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Product
  2. By Raw Material
  3. By Consumer Group
  4. By Distribution Channel
  5. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
Europe Luxury Handbags Market Outlook, 2017-27F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Product
  2. By Raw Material
  3. Consumer Group
  4. By Distribution Channel
  5. By Country
    1. The UK
    2. France
    3. Germany
    4. Italy
    5. Spain
    6. Russia
    7. Rest of Europe
Middle East & Africa Luxury Handbags Market Outlook, 2017-27F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Product
  2. By Raw Material
  3. By Consumer Group
  4. By Distribution Channel
  5. By Country
    1. UAE
    2. South Africa
    3. Rest of Middle East & Africa
Asia-Pacific Luxury Handbags Market Outlook, 2017-27F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Product
  2. By Raw Material
  3. By Consumer Group
  4. By Distribution Channel
  5. By Country
    1. China
    2. India
    3. Japan
    4. Australia
    5. South Korea
    6. Rest of Asia-Pacific
Global Luxury Handbags Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Target Markets
  2. Research & Development
  3. Collaborations & Strategic Alliances
  4. Key Business Expansion Initiatives
  5. Business Restructuring- Mergers, Acquisitions, JVs
  6. Strategic Initiatives
2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Burberry
  2. Calvin Klein Inc.
  3. Coach IP Holdings LLC
  4. Chanel Ltd
  5. Fendi
  6. Giorgio Armani S.p.A.
  7. Guccio Gucci S.p.A.
  8. Hermès International S.A.
  9. Kate Spade
  10. Louis Vuitton Malletier
  11. Michael Kors Holdings Ltd
  12. Prada S.p.A.
  13. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

Full Name*:

Company Name*:

Business Email*:

Country Name*:

Contact Number*:

Message:

Flexible Licensing Options

We offer flexible licensing options to cater to varying organizational needs. Choose the pricing pack that best suits your requirements:

Buy Now

Inquire Before Buying