View Report Details Global Handbags Market- Industry Analysis & Outlook ----------------------------------------(2016-2020)
View Report Details Executive Summary
A handbag is a fashionably designed handled bag used to hold essential items of personal use. It is typically larger than a purse or pouch and holds objects beyond currency, such as mobile phones and other personal items.
The market for handbags is very vast and can be classified on the basis of various factors which influence buying pattern and sales. Based on type, a handbag can either be a satchel, bucket bag, clutch, tote bag, backpack, baguette bag, athletic bag or a hobo bag.
The global handbags market has premium handbags at the forefront influencing tastes and preferences across the entire market. Growing affluence in emerging economies and better brand recognition have driven significant demand in the market, that has been witnessing perpetual growth due to rising disposable income and increasing purchasing power as global economies picked up post-recession.
Since the usage of handbags is predominantly associated with women, a rise in the woman workforce over the years has boosted growth. In recent years the handbags market has seen a shift from bigger totes to smaller and increasing preference for off-price channels driven by demand from brand conscious millennial population. To keep up with changing trends, market players have thus, begun to aggressively compete in their social media presence.
However, counterfeit products, high import duties and declining store presence coupled with decelerating global GDP growth continue to pose a serious challenge to the global handbags market.
The report provides an overview of the “Global Handbags Market” by concentrating on the premium segment, which drives trends in the entire market. It gives an in-depth analysis of regions like North America, Europe and Asia-Pacific. Certain trends, growth drivers as well as issues being faced by the industry are discussed in detail in the report along with competition in the market.
The global handbags market has premium handbags at the forefront that influences tastes and preferences across the entire market… Global Premium Handbags & Accessories Market by Value (2011-2015) The global premium handbag and accessories market, reached US$.. billion in the year 2015, increasing from US$.. billion in the previous fiscal year. The global premium handbags & accessories market is expected to reach US$.. billion in the year 2020, increasing from US$.. billion in 2016. In 2015, the women’s segment accounted for ..% of the global handbags revenue, while the men’s segment held ..% of the market share. The largest market for handbags in 2015 was XX, constituting a major ..% share. In 2020, XX is expected to bet he largest market for handbags, accounting for ..% of the global handbags market share.
Global Premium Handbags & Accessories Market by Segment (2015)
Global Premium Handbags & Accessories Market by Region (2015)
Rising disposable income and increasing purchasing power post the recession has strengthened demand for handbags market globally, driven by an incline in tourist arrivals across the globe… North America Premium H&A Market by Value (2011-2015) The North American premium handbags & accessories (H&A) market reached US$.. billion in 2015, increasing from US$.. billion in the previous fiscal year. The North American handbags market is dominated by XX segment, which accounted for ..% of the market share in 2015. The United States handbags market reached US$.. billion in the year 2015, increasing from US$.. billion in the previous fiscal year. Per capita spending on handbags in the United States has reached US$.. in 2015. European premium handbags & accessories market reached US$.. billion in 2015, increasing from US$.. billion in the previous fiscal year.
The U.S. Handbags Market by Value (2011-2015)
Europe Premium H&A Market by Value (2011-2015)
Usage of handbags is predominantly associated with women thus, a rise in the woman workforce over the years has boosted growth in the market… Japan Premium Handbags & Accessories Market by Value (2011-2015)
Market for premium handbags & accessories (H&A) market in Japan reached US$.. billion in 2015, decreasing from US$.. billion in the previous fiscal year. Premium handbags & accessories market in China reached US$.. billion in the year 2015, increasing from US$.. billion in the previous fiscal year. The Southeast Asian market for premium handbags & accessories reached US$.. billion in 2015, increasing from US$.. billion in the previous fiscal year. In 2015, Handbags exports this share in the total travel goods exports in Hong Kong, reached ..%, increasing from ..% in the previous fiscal year. XX is the largest market for travel goods and handbags exports from Hong Kong, and constituted a major ..% share in 2015.
China Premium Handbags & Accessories Market by Value (2011-2015)
Southeast Asia Premium H&A Market by Value (2011-2015)
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