View Report Details Global Handbags Market Report ----------------------------------------2015
View Report Details Executive Summary Handbags and accessories are among the fastest growing segments of the overall luxury goods industry. Despite the fact that the handbags market caters to both male as well as female customers, it is predominantly seen as a women-oriented market. However, history reveals the facts that use of handbags or pouches started in very early ages where man used it to carry coins. But because of the large options of functions, patterns, sizes and colors it offers to women, it has made a very important place in the life of woman. Today, fashion industry provides products designed especially for men, to cater the varying needs of this gender too. The global handbags market is incessantly growing since recession and is further expected to be a highly profitable market for the next couple of years. Moreover, the handbag market encompasses dynamic players and an expanding consumer base, which is expected to flourish due to increasing demand from emerging markets and strong performances by the international luxury brands. Inclination towards the handbags market worldwide can be observed as a result of aggressive presence on social media and fashion shows, various ways of marketing the product. Other principal trends of the respective market include enhancing demand for small and medium silhouette handbags and cross bodies, brand strengthening efforts by majority of leading companies and insurance of handbags. The key factors driving growth of the global handbags industry include rising number of high net worth individuals, growing number of youth, increasing working women population, rising internet penetration and improvement in global economic growth. However, the growth of handbag industry is hindered by factors such as the radically shifting customer base and presence of counterfeit products. The market for handbags is highly competitive with several players operating both at global and regional level. The leading players include Channel, Gucci, Louis Vuitton, Hèrmes, Prada, Burberry and Michael Kors, among others. The report “Global Handbags Marketâ€? analyzes the development of this market, both at global and regional level. The major trends, growth drivers as well as issues being faced by the industry are discussed in detail in this report. The four major players in the industry, Coach, Louis Vuitton, Burberry and Michael Kors, are being profiled along with their key financials and strategies for growth.
Handbags hold items that are a daily necessity, complement a woman’s wardrobe, and even sometimes make a bold fashion statement. Global Premium Handbags and Accessories Market Value (2011-2017F)
60
The global premium handbag and accessories market is expected to grow at a CAGR of …. from US$..... billion in 2013 to US$..... billion by 2017.
15%
The men’s segment registered a CAGR of ….. during FY 2008-2014 and is expected to grow further to US$10 billion by FY 2018, at a CAGR of …... The women’s segment grew by …. during FY 2008-2014 with a projected CAGR of …. till FY 2018.
50 40
10%
30
n ilo B $ S U
20
5%
The figure for North America is expected to reach US$...... billion by 2018. The second position is expected to be captured by China with market value of US$...... billion by 2018. China is projected to register the highest CAGR of around ……. for the period 2013-2018, while Japan may register a negative growth of …….
10 0
0% 2011 2012 2013 2014E 2015E 2016E 2017E Handbags and Accessories Market YOY Growth
Global Premium Handbags and Accessories Market Value by Gender (FY2008-FY2018E)
Global Premium Handbags and Accessories Market Value by Region (FY2013/FY2018E)
60 21
14
50
12 16
40
10 8
11
n ilo B S$ U
20 10
6 4
6
2 0
1
0 FY 2008
FY 2014 Women
Men
FY 2018
-4
North America
China
Europe
SE Asia
Japan
RoW
-2 -4
FY 2013
FY 2018 E
CAGR
tag ercn P
n ilo B S$ U
30
Inclination towards the handbags market worldwide can be observed as a result of aggressive presence on social media and fashion shows. The US Handbag Market by Revenue (2007-2014) 10.00 9.00 8.00
In 2010, revenues from retail sales were US$... billion which rose to US$..... billion in 2014 while volume sales declined from … million units in 2013 to … million units in 2014.
7.00 6.00
n ilo B S$ U
5.00
The handbag market in Europe is worth US$..... billion and is expected to reach US$...... billion by 2018
4.00 3.00 2.00 1.00 0.00 2007
2008
2009
2010
2011
2012
2013
2014
European Handbags Market Value (2013-2018E)
The US Handbag Market by Volume (2007-2014)
400
8000
350
7500
300 250
7000 6500
U n ilo tsM
n ilo M $ S U
200 150 100
6000
50
5500 2013
2014E
2018E
0 2007
2008
2009
2010
2011
2012
2013
2014
With the development of technology for production of large variety of fashion products at competitive prices, Asia is emerging as fashion hub. Chinese Handbags Market Value (2010-2018E) 9
In 2013, China stood at US$... billion with YoY growth at ….%. While YoY growth is estimated to have …. , it is projected that it would start …..……, helping China to secure the …. position by 2018.
25
8 20
7 6
10
3 2
5
1 0
0 2010
2011
2012
2013
Men's
2014E 2015E 2016E 2017E 2018E Women's
The export market for travel goods and handbags has been on a continuous rise in the country. In the first eight months of 2014, the share of handbags exports has increased by …. when compared to 2013. Although Japan is the leader in technological innovation, it is yet to develop a fashion sense concerning bags and accessories. It is estimated that market value would decline in 2018 to US$.... billion as compared to US$...... billion in 2013.
YoY Growth
Hong Kong’s Exports of Travel Goods and Handbags (2012-2014)
Japanese Handbag Market Value (2013-2018E)
60
4900
50
4800 4700
40
4600 30
4500
ilon S$M U
%
n ilo B S$ U
4
%
15
5
20 10
4400 4300 4200
0 2012
Travel Goods
2013
Handbags
Jan-Aug 2014
2013
2014E
2018E
Contact Us:Details View Report These are abridged and sanitized sample pages from the comprehensive report on the “ Global Handbags Market ”. To know more about this report or for any customized research requirement, please contact the following:
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