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Luxury Handbag Market by Type (Handbag, Backpack, Wallet, and Others), and Distribution Channel (Duty-Free Stores, Online Stores, Discount Stores, Hypermarkets, And Specialty Stores): Global Opportunity Analysis and Industry Forecast, 2019–2026

A05997
Pages: 245
Feb 2020 | 569 Views
 
Author(s) : Aniket Kadam , Roshan Deshmukh
Tables: 96
Charts: 56
 

The luxury handbag market size was valued at $58.3 billion in 2018 and is expected to reach $89.9 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026.

In an age of fast changing trends, luxury handbag manufacturers have started to keep an eye on the new consumer class, HENRYs (High-Earners-Not–Rich-Yet), which is on the rise nowadays and is anticipated to become increasingly relevant in the future. In addition, companies are committing to make significant investments to stimulate interest of the younger segment of the population, i.e. millennials and Gen Z, also known as customers of the future. According to the Equifax, a consumer credit agency, HENRYs earn between $100,000 and $250,000 and have digital savvy, love online shopping, and are big spenders on luxury products. In addition, continuous efforts of luxury handbag manufacturers on the evolution of their product offerings, coupled with rise in per capita income of target customers are some of those key reasons behind the growth of the global luxury handbag market.

Luxury Handbag Market 2019-2026

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Premiumization has been enduring its trend in different industries that includes food industry, apparel industry, cosmetic industry and others. It is a process where manufacturers make a brand or a product more appealing to consumers by emphasizing on its superior quality and exclusivity. Owing to the surge in per capita income of majority of target customers, they emphasize on quality of product rather than its price. This sustaining trend has majorly contributed to the overall growth of the global handbag market, in terms of value sales.

Since these ‘new’ tech savvy generation look for individualized, seamless brand relationship, luxury handbag brands are investing worldwide to market digitally, by increasingly using social media to engage with these consumers. Meanwhile, companies are also re-examining the value of brand heritage and brand history for their customers. Furthermore, due to rise in internet penetration and influence of social media luxury brands have started to engage with customers by leveraging on social media platforms.

The global luxury handbag market is segmented on the basis of type, distribution channel, and region. By type, it is classified into handbag, backpack, wallet, and others. By distribution channel, it is segmented into duty-free stores, online stores, discount stores, hypermarkets, and specialty stores. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (German, France, the UK, Italy, Spain, the Netherlands, and Rest of Europe), Asia-Pacific (Japan, China, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Luxury Handbag Market
By Type

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Backpack segment would exhibit the highest CAGR of 6.10% during 2019-2026.

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By type the luxury handbag market is segmented into handbag, backpack, wallet, and others. Among these sub-segments, the handbag segment accounts for the higher value of luxury handbag market as the number of fashion-conscious consumers is on the rise. In addition, luxury handbag manufacturers are adopting different marketing strategies to increase customer base and improve brand image. Moreover, online advertisements of luxury handbags, coupled with celebrity endorsements has enhanced brand values and increased their preference among buyers.

Luxury Handbag Market
By Distribution Channel

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Online Stores segment would exhibit the highest CAGR of 14.40% during 2019-2026.

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By distribution channel, the luxury handbag market is segmented into duty free stores, online stores, discount stores, hypermarkets, and specialty stores. Specialty stores offer a wide range of products and thus, account for a higher market share. In addition, manufacturers carry out different types of promotional events in view of generating sales through such stores, such as discount offers, seasonal pricing strategies, and customer loyalty programs. The online stores segment is the fastest growing segment, owing to increase in internet penetration, especially in North America, Europe, and Asia-Pacific. Consumers now rely on internet to gain information and consider online shopping as the most convenient way for any kind of purchasing. Thus, most of the key manufacturers have gone online and have created their own web portals for selling products.

Luxury Handbag Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 8.20% during 2019-2026.

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By region, the luxury handbag industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe is the most dominant region in the global luxury handbag market since some of the countries like Germany, France, the UK, and other comprises of several key value addition brands that have been gaining higher level of traction among target customers. Rise in women working population in Europe is anticipated to be a significant driver for the luxury handbag market. In addition, rise in investments in Eastern Europe, for instance, boom in retail infrastructure across Russia where 63 new complexes in 40 Russian cities have been completed, are expected to have a positive impact on the market growth. Moreover, increase in the number of millionaires, owing to economic growth in Asia-pacific further escalates the luxury handbag market growth.

Key players profiled for luxury handbag industry include LVMH, Furla SpA, Longchamp, Luxottica Group, Mulberry Group, Vera Bradley, Guccio Gucci S.p.A, Samsonite International S.A./Tumi brand, Valentino S.p.A., and ZV France SAS

Key Benefits for Stakeholders

  • The report provides an extensive luxury handbag market analysis of the current and emerging luxury handbag market trends and opportunities.
  • The report provides detailed qualitative and quantitative analysis of the current market trends and future estimations that help evaluate the prevailing market opportunity.
  • A comprehensive analysis of the factors that drive and restrict the luxury handbag market growth.
  • An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.

Key Market Segments

By Type

  • Handbag 
  • Backpack
  • Wallet
  • Others

By Distribution Channel

  • Duty free stores
  • Online stores
  • Discount Stores
  • Hypermarkets
  • Specialty stores

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Asia-Pacific
    • Japan
    • China
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Parent Market Overview
3.3. Key Forces Shaping Luxury Handbag market

3.3.1. High bargaining power of suppliers
3.3.2. Moderate-to-high threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers

3.4. INDUSTRY PAIN POINT ANALYSIS
3.5. CONSUMER ANALYSIS
3.6. Value Chain Analysis
3.7. Impact of government regulations on market
3.8. Market dynamics

3.8.1. Drivers

3.8.1.1. Increase in online retail of luxury handbag
3.8.1.2. Growth in emerging market

3.8.2. Restraints

3.8.2.1. High taxation and import duties on luxury goods
3.8.2.2. Counterfeit products

3.8.3. Opportunities

3.8.3.1. Premiumization trend provide immense opportunity
3.8.3.2. Rise of social media marketing

CHAPTER 4: LUXURY HANDBAG MARKET, BY TYPE

4.1. Overview

4.1.1. Market size and forecast, by region

4.2. Handbag

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country

4.3. Backpack

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

4.4. Wallet

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country

4.5. Others

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country

CHAPTER 5: LUXURY HANDBAG MARKET, BY DISTRIBUTION CHANNNEL

5.1. Overview

5.1.1. Market size and forecast, by region

5.2. Duty free stores

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country

5.3. Online stores

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

5.4. Discount Stores

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country

5.5. Hypermarket

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country

5.6. Specialty stores

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country

CHAPTER 6: LUXURY HANDBAG MARKET, BY REGION

6.1. Overview

6.1.1. Market size and forecast, by region

6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, BY Type
6.2.3. Market size and forecast, by distribution channel
6.2.4. Market analysis by Country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, BY Type
6.2.4.1.2. Market size and forecast, by distribution channel

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by type
6.2.4.2.2. Market size and forecast, by distribution channel

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, BY Type
6.2.4.3.2. Market size and forecast, by Distribution Channel

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by Distribution Channel
6.3.4. Market analysis by country

6.3.4.1. Germany

6.3.4.1.1. Market size and forecast, by type
6.3.4.1.2. Market size and forecast, by Distribution Channel

6.3.4.2. France

6.3.4.2.1. Market size and forecast, BY Type
6.3.4.2.2. Market size and forecast, by Distribution Channel

6.3.4.3. UK

6.3.4.3.1. Market size and forecast, BY Type
6.3.4.3.2. Market size and forecast, by Distribution Channel

6.3.4.4. Italy

6.3.4.4.1. Market size and forecast, BY Type
6.3.4.4.2. Market size and forecast, by Distribution Channel

6.3.4.5. Spain

6.3.4.5.1. Market size and forecast, BY Type
6.3.4.5.2. Market size and forecast, by Distribution Channel

6.3.4.6. The Netherlands

6.3.4.6.1. Market size and forecast, BY Type
6.3.4.6.2. Market size and forecast, by Distribution Channel

6.3.4.7. Rest of Europe

6.3.4.7.1. Market size and forecast, BY Type
6.3.4.7.2. Market size and forecast, by Distribution Channel

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by Distribution Channel.
6.4.4. Market size and forecast, by country.

6.4.4.1. Japan

6.4.4.1.1. Market size and forecast, BY Type
6.4.4.1.2. Market size and forecast, by Distribution Channel

6.4.4.2. China

6.4.4.2.1. Market size and forecast, BY Type
6.4.4.2.2. Market size and forecast, by Distribution Channel

6.4.4.3. Australia

6.4.4.3.1. Market size and forecast, BY Type
6.4.4.3.2. Market size and forecast, by Distribution Channel

6.4.4.4. Rest of Asia-Pacific

6.4.4.4.1. Market size and forecast, by type
6.4.4.4.2. Market size and forecast, by distribution channel

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by distribution channel
6.5.5. Market size and forecast, by country

6.5.5.2. Latin America

6.5.5.2.1. Market size and forecast, by type
6.5.5.2.2. Market size and forecast, by distribution channel

6.5.5.3. Middle East

6.5.5.3.1. Market size and forecast, by type
6.5.5.3.2. Market size and forecast, by distribution channel

6.5.5.4. Africa

6.5.5.4.1. Market size and forecast, BY Type
6.5.5.4.2. Market size and forecast, by Distribution Channel

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Competitive Dashboard
7.2. Competitive Heatmap
7.3. Key developments

7.3.1. Acquisition

CHAPTER 8: COMPANY PROFILES

8.1. Furla S.p.A.

8.1.1. Company overview
8.1.2. Key Executive
8.1.3. Company snapshot
8.1.4. Product portfolio

8.2. Guccio Gucci S.p.A.

8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Product portfolio
8.2.5. Business performance

8.3. Longchamp

8.3.1. Company overview
8.3.2. Key Executive
8.3.3. Company snapshot
8.3.4. Product portfolio

8.4. LUXOTTICA GROUP

8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.4.4. Product portfolio
8.4.5. Business performance

8.5. Mulberry Group plc

8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance

8.6. Vera Bradley Sales, LLC

8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Business performance

8.7. Valentino S.p.A.

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Product portfolio

8.8. ZV France SAS

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Product portfolio

8.9. Lvmh group

8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance

8.10. Samsonite International S.A.

8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.10.6. R&D Expenditure
8.10.7. Business performance
8.10.8. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL LUXURY HANDBAG MARKET, BY TYPE, 2019-2026 ($MILLION)
TABLE 02. HANDBAG MARKET REVENUE, BY REGION 2019–2026 ($MILLION)
TABLE 03. BACKPACK MARKET REVENUE, BY REGION 2019–2026($MILLION)
TABLE 04. WALLET MARKET REVENUE, BY REGION 2019–2026($MILLION)
TABLE 05. OTHERS MARKET REVENUE, BY REGION 2019–2026($MILLION)
TABLE 06. GLOBAL LUXURY HANDBAG MARKET REVENUE, BY END USER, 2019-2026 ($MILLION)
TABLE 07. LUXURY HANDBAG MARKET REVENUE FOR DUTY FREE STORES, BY REGION 2019–2026($MILLION)
TABLE 08. LUXURY HANDBAG MARKET REVENUE FOR ONLINE STORES, BY REGION 2019–2026($MILLION)
TABLE 09. LUXURY HANDBAG MARKET REVENUE FOR DISCOUNT STORES, BY REGION 2019–2026($MILLION)
TABLE 10. LUXURY HANDBAG MARKET REVENUE FOR HYPERMARKET, BY REGION 2019–2026($MILLION)
TABLE 11. LUXURY HANDBAG MARKET REVENUE FOR SPECIALTY STORES, BY REGION 2019–2026($MILLION)
TABLE 12. GLOBAL LUXURY HANDBAG MARKET REVENUE, BY REGION, 2019-2026 ($MILLION)
TABLE 13. NORTH AMERICA LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 14. NORTH AMERICA LUXURY HANDBAG MARKET VALUE, BY DISTRIBUTION CHANNEL, 2019–2026($MILLION)
TABLE 15. NORTH AMERICA LUXURY HANDBAG MARKET VALUE, BY DISTRIBUTION CHANNEL, 2019–2026($MILLION)
TABLE 16. U.S. LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 17. U.S. LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 18. CANADA LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 19. CANADA LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 20. MEXICO LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 21. MEXICO LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 22. EUROPE LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 23. EUROPE LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 24. EUROPE LUXURY HANDBAG MARKET REVENUE, BY COUNTRY 2019–2026($MILLION)
TABLE 25. GERMANY LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 26. GERMANY LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 27. FRANCE LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 28. FRANCE LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 29. UK LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 30. UK LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 31. ITALY LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 32. ITALY LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 33. SPAIN LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 34. SPAIN LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 35. THE NETHERLANDS LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 36. THE NETHERLANDS LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 37. REST OF EUROPE LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 38. REST OF EUROPE LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 39. ASIA-PACIFIC LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 40. ASIA-PACIFIC LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 41. ASIA-PACIFIC LUXURY HANDBAG MARKET REVENUE, BY COUNTRY 2019–2026($MILLION)
TABLE 42. JAPAN LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 43. JAPAN LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 44. CHINA LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 45. CHINA LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 46. AUSTRALIA LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 47. AUSTRALIA LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 48. REST OF ASIA-PACIFIC LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 49. REST OF ASIA-PACIFICLUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 50. LAMEA LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 51. LAMEA LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 52. LAMEA LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 53. LATIN AMERICA LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 54. LATIN AMERICA LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 55. MIDDLE EAST LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 56. MIDDLE EAST LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 57. AFRICA LUXURY HANDBAG MARKET REVENUE, BY TYPE 2019–2026($MILLION)
TABLE 58. AFRICA LUXURY HANDBAG MARKET REVENUE, BY DISTRIBUTION CHANNEL 2019–2026($MILLION)
TABLE 59. FURLA S.P.A.: KEY EXECUTIVE
TABLE 60. FURLA S.P.A.: COMPANY SNAPSHOT
TABLE 61. FURLA S.P.A.: PRODUCT PORTFOLIO
TABLE 62. GUCCI(KERING): KEY EXECUTIVES
TABLE 63. GUCCI(KERING): COMPANY SNAPSHOT
TABLE 64. GUCCI(KERING): PRODUCT PORTFOLIO
TABLE 65. GUCCI(KERING): NET SALES, 2016–2018 ($MILLION)
TABLE 66. LONGCHAMP: KEY EXECUTIVE
TABLE 67. LONGCHAMP: COMPANY SNAPSHOT
TABLE 68. LONGCHAMP: PRODUCT PORTFOLIO
TABLE 69. LUXOTTICA GROUP: KEY EXECUTIVES
TABLE 70. LUXOTTICA GROUP: COMPANY SNAPSHOT
TABLE 71. LUXOTTICA GROUP: PRODUCT PORTFOLIO
TABLE 72. LUXOTTICA GROUP: NET SALES, 2016–2018 ($MILLION)
TABLE 73. MULBERRY GROUP PLC: KEY EXECUTIVES
TABLE 74. MULBERRY GROUP PLC: COMPANY SNAPSHOT
TABLE 75. MULBERRY GROUP PLC: OPERATING SEGMENTS
TABLE 76. MULBERRY GROUP PLC: PRODUCT PORTFOLIO
TABLE 77. MULBERRY GROUP PLC: NET SALES, 2016–2018 ($MILLION)
TABLE 78. VERA BRADLEY SALES, LLC: KEY EXECUTIVES
TABLE 79. VERA BRADLEY SALES, LLC: COMPANY SNAPSHOT
TABLE 80. VERA BRADLEY SALES, LLC: OPERATING SEGMENTS
TABLE 81. VERA BRADLEY SALES, LLC: PRODUCT PORTFOLIO
TABLE 82. VERA BRADLEY SALES, LLC: NET SALES, 2016–2018 ($MILLION)
TABLE 83. VALENTINO S.P.A.: COMPANY SNAPSHOT
TABLE 84. VALENTINO S.P.A.: PRODUCT PORTFOLIO
TABLE 85. ZV FRANCE SAS: COMPANY SNAPSHOT
TABLE 86. ZV FRANCE SAS: PRODUCT PORTFOLIO
TABLE 87. LVMH: KEY EXECUTIVES
TABLE 88. LVMH: COMPANY SNAPSHOT
TABLE 89. LVMH: OPERATING SEGMENTS
TABLE 90. LVMH :PRODUCT PORTFOLIO
TABLE 91. LVMH: NET SALES, 2016–2018 ($MILLION)
TABLE 92. SAMSONITE INTERNATIONAL S.A.: KEY EXECUTIVES
TABLE 93. SAMSONITE INTERNATIONAL S.A.: COMPANY SNAPSHOT
TABLE 94. SAMSONITE INTERNATIONAL S.A.: PRODUCT PORTFOLIO
TABLE 95. SAMSONITE INTERNATIONAL S.A.: R&D EXPENDITURE, 2016–2018 ($MILLION)
TABLE 96. SAMSONITE INTERNATIONAL S.A.: NET SALES, 2016–2018 ($MILLION)

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. BRAND ENGAGEMENT CHANNEL
FIGURE 04. GLOBAL LUXURY HANDBAG MARKET, BY TYPE, 2019-2026 ($MILLION)
FIGURE 05. COMPARATIVE VALUE SHARE ANALYSIS OF HANDBAG MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 06. COMPARATIVE VALUE SHARE ANALYSIS OF BACKPACK MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 07. COMPARATIVE VALUE SHARE ANALYSIS OF ABOVE WALLET MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 08. COMPARATIVE VALUE SHARE ANALYSIS OF OTHERS MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 09. GLOBAL LUXURY HANDBAG MARKET, BY END USER, 2019-2026 ($MILLION)
FIGURE 10. COMPARATIVE VALUE SHARE ANALYSIS OF LUXURY HANDBAG MARKET FOR DUTY FREE STORES, BY COUNTRY,  2018 & 2026 (%)
FIGURE 11. COMPARATIVE VALUE SHARE ANALYSIS OF LUXURY HANDBAG MARKET FOR ONLINE STORES, BY COUNTRY,  2018 & 2026 (%)
FIGURE 12. COMPARATIVE VALUE SHARE ANALYSIS OF LUXURY HANDBAG MARKET FOR DISCOUNT STORES, BY COUNTRY,  2018 & 2026 (%)
FIGURE 13. COMPARATIVE VALUE SHARE ANALYSIS OF LUXURY HANDBAG MARKET FOR HYPERMARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 14. COMPARATIVE VALUE SHARE ANALYSIS OF SPECIALTY STORES MARKET FOR LUXURY HANDBAGS MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 15. GLOBAL LUXURY HANDBAG MARKET, BY END USER, 2019-2026 ($MILLION)
FIGURE 16. SOCIO-ECONOMIC & MICRO-MACRO INDICATORS
FIGURE 17. U.S. LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 18. CANADA LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 19. MEXICO LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 20. SOCIO-ECONOMIC & MICRO-MACRO INDICATORS
FIGURE 21. GERMANY LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 22. FRANCE LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 23. UK LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 24. ITALY LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 25. SPAIN LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 26. THE NETHERLANDS LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 27. REST OF EUROPE LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 28. SOCIO-ECONOMIC & MICRO-MACRO INDICATORS
FIGURE 29. JAPAN LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 30. CHINA LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 31. AUSTRALIA LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 32. REST OF ASIA-PACIFICLUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 33. SOCIO-ECONOMIC & MICRO-MACRO INDICATORS
FIGURE 34. LATIN AMERICA LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 35. MIDDLE EAST LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 36. AFRICA LUXURY HANDBAG MARKET REVENUE, 2019-2026($MILLION)
FIGURE 37. COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 38. COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 39. GUCCI(KERING): NET SALES, 2016–2018 ($MILLION)
FIGURE 40. GUCCI(KERING): REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 41. GUCCI(KERING): REVENUE SHARE BY REGION, 2018 (%)
FIGURE 42. LUXOTTICA GROUP: NET SALES, 2016–2018 ($MILLION)
FIGURE 43. LUXOTTICA GROUP: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 44. LUXOTTICA GROUP: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 45. MULBERRY GROUP PLC: NET SALES, 2016–2018 ($MILLION)
FIGURE 46. MULBERRY GROUP PLC: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 47. MULBERRY GROUP PLC: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 48. VERA BRADLEY SALES, LLC: NET SALES, 2016–2018 ($MILLION)
FIGURE 49. VERA BRADLEY SALES, LLC: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 50. VERA BRADLEY SALES, LLC: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 51. LVMH: REVENUE, 2016–2018 ($MILLION)
FIGURE 52. LVMH: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 53. LVMH: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 54. SAMSONITE INTERNATIONAL S.A.: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 55. SAMSONITE INTERNATIONAL S.A.: NET SALES, 2016–2018 ($MILLION)
FIGURE 56. SAMSONITE INTERNATIONAL S.A.: REVENUE SHARE BY SEGMENT, 2018 (%)

 
 

According to the insights of CXOs of leading companies, target customers’ capacity of buying and experiencing luxury goods is one of the key reasons behind the overall growth of the global luxury handbag market.

The rise in internet penetration around the globe, especially in developing countries like India, Brazil, and China, coupled with easy access to social media websites like Facebook and Instagram is anticipated to drive the market for luxury handbags during the forecast period. Moreover, endorsement of luxury handbags by celebrities also has a positive impact on the market growth.

Initiating key mergers and acquisitions is a key strategy considered to be adopted by luxury handbag manufacturers. The rise in rate of internet penetration around major parts of the world also makes way for manufacturers to initiate several key online marketing programs as online platforms are one of the easiest ways to create awareness about specifications and features of the luxury handbag products among target customers.

The global luxury handbag industry has witnessed prominent adoption in developed regions, owing to swift change in consumer lifestyle and increase in disposable income. Europe generated maximum revenue and is expected to lead throughout the forecast period. However, Asia-Pacific countries such as China and Japan are the most lucrative markets for luxury good companies, as they have indicated increase in fashion consciousness.

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The Luxury Handbag Market was valued at $ 58,393 million in 2018, Europe has the highest market share as customers tend to choose premium quality products owing to the rise in per capita income. In addition, luxury handbag are premium products due to high pricing with value added features and specification.

A. The luxury handbag market will be $ 89,939 million by 2026, owing to factors such as social media marketing through social media marketing strategy, the global luxury handbag market sights critical opportunity in gaining traction and eventually increase its registration among its target segments.

A. The Luxury Handbag Market is projected to grow at a CAGR of 5.60% in the forecast period (2019-2026), owing to factors such as emergence of young populace, increase in disposable income, rise in number of working women, and surge in affordability of luxury products are expected to drive the growth of the market.

A. The key factor driving the luxury handbag market growth are rise in number of working women, penetration of high-end brands through social media platform has also attracted consumers. In addition, rising spending among the developing nation has further contributed towards the market growth.

A. The luxury handbag market is segmented by type, distribution channel, and region. By type segment comprises of handbag, backpack, wallet, and others. By distribution channel the market is segmented across duty free stores, online stores, discount stores, hypermarket, and specialty stores. Based on region the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

A. Increase in online retail of luxury handbag, growth in emerging market, rise in working women population, premiumization trend provide immense opportunity, and rise of social media marketing are some of the trend of luxury handbag market.

A. Some of the key players profiled in the luxury handbag market include LVMH, Furla SpA, Marcolin Group, De Rigo, Longchamp, Luxottica Group, Mulberry Group, Safilo Group, Vera Bradley, Guccio Gucci S.p.A, Luxottica Group, Vera Bradley, Inc, and Samsonite International S.A./Tumi brand.

A. The emerging market across Asia-Pacific and LAMEA region are growing at a CAGR of 7.60% and 7.40% respectively. The growth in the emerging economies is contributed owing to rise in spending pwer of consumers, and increase in fashion awareness among young generation due to social media and other platforms.

A. The European market accounts for maximum market share of the luxury handbag market, owing to high net worth of individual, and rise in working women population has contributed towards market growth in the region.

 

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