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Global Luxury Handbags Market Insights | Technavio Predicts $ 170 Million Incremental Growth During 2020-2024

·4 min read

The luxury handbags market is expected to grow by USD 0.17 billion, progressing at a CAGR of almost 1% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201204005530/en/

Technavio has announced its latest market research report titled Global Luxury Handbags Market 2020-2024 (Graphic: Business Wire)

For a More Detailed Analysis, Get a Free Sample Report Delivered Instantly

The focus on product premiumization is one of the major factors propelling the market growth. However, factors such as the presence of counterfeit products will hamper growth.

More details: https://www.technavio.com/talk-to-us?report=IRTNTR44325

Luxury Handbags Market: Distribution Channel Landscape

Based on the distribution channel, the market saw maximum growth in the offline distribution channel segment in 2019. The availability of all products at a single stop encourages consumers to prefer offline stores. This is one of the major factors contributing to the growth of the segment.

Luxury Handbags Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. Factors such as increased spending by millennials on personal luxury goods and an increase in the working women population are fostering the growth of the market in APAC.

China is the key market for luxury handbags in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Related Reports on Consumer Discretionary Include:

Global Luxury Watch Market - Global luxury watch market is segmented by end-user (men and women), distribution channel (offline and online), and geography (North America, APAC, Europe, MEA, and South America). Click Here to Get an Exclusive Free Sample Report

Global Clutch Bag Market - Global clutch bag market is segmented by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Companies Covered:

  • Burberry Group Plc

  • CHANEL Ltd.

  • Compagnie Financière Richemont SA

  • Dolce & Gabbana Srl

  • Hermès International

  • Kering SA

  • LVMH Moet Hennessy - Louis Vuitton

  • PRADA Group

  • Ralph Lauren Corp.

  • Tapestry Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Distribution channel

  • Market segments

  • Comparison by Distribution channel

  • Offline - Market size and forecast 2019-2024

  • Online - Market size and forecast 2019-2024

  • Market opportunity by Distribution channel

Customer Landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Burberry Group Plc

  • CHANEL Ltd.

  • Compagnie Financière Richemont SA

  • Dolce & Gabbana Srl

  • Hermès International

  • Kering SA

  • LVMH Moet Hennessy - Louis Vuitton

  • PRADA Group

  • Ralph Lauren Corp.

  • Tapestry Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201204005530/en/

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/