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Luxury Handbag Market

Luxury Handbag Market (Product: Handbag , Backpack, Wallet, and Others; Material: Cotton, Leather, Nylon, and Synthetic; End-user and Distribution Channel) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Luxury Handbag Market Outlook 2031

  • The global luxury handbag market was valued over US$ 20.9 Bn in 2020
  • It is estimated to expand at a CAGR of 5.9% from 2021 to 2031
  • The global luxury handbag market is expected to exceed the value of US$ 35.4 Bn by the end of 2031

Analysts’ Viewpoint on Luxury Handbag Market Scenario

Urbanization, digitalization, and increase in popularity of online distribution channels are factors generating opportunities for manufacturers in the global luxury handbag market. Companies are investing in research & development activities to launch exclusive collections of luxury handbags. The luxury handbag market is driven by rising disposable income of consumers, along with increasing working population in developing countries. Product manufacturers are taking efforts to increase the production of luxury handbags to cater to the rising demand across the globe. Manufacturers operating in the luxury handbag market are taking advantage of the growing trend of using environment-friendly products to gain competitive benefits in the global market. However, increasing production of counterfeit handbags is hampering the growth of the global luxury handbag market.

Rise in Demand Due to Product Innovation to Create Lucrative Revenue Benefits

The growing number of working women across the globe is a major driving factor for the global luxury handbag market. The rising trend of following fashion as per latest trend is creating value-grab opportunities for manufacturers in the global handbag market. Women are aware about the latest trends and prefer to shop from online stores. Men are also increasingly using innovative handbags, owing to rapid urbanization and changing lifestyles. Market players are adopting innovative approach to design and develop suitable products for consumers. Increasing popularity of social media platforms for marketing the luxury handbags, rising number of product manufacturers, and penetration of Internet are factors driving the market growth for luxury handbags.

Additionally, multi-brand retail outlets help in the expansion of infrastructure and drives the economy. They also help small retailers sell their products to large retailers. Manufacturers are focusing on increasing the production of handbags embedded with laptop sleeves, key holders, mobile holders, etc. These handbags offer a promising quality, comfort, and style. The increasing awareness about innovative products and popular brands among consumers is encouraging the growth of the luxury handbag market.

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Growth in Popularity of Technology-enabled Handbags

The emergence of advanced technology is a factor creating growth opportunities for the players in the global luxury handbag market. The growing popularity of handbags such as shoulder bags, sling bags, tote bags, backpack, wallet, laptop bags, etc. among men as well as women is encouraging product manufacturers to expand their business for generating more profit. Market players are focusing on the production of small and easy-to-carry handbags.

Some of the popular brands are launching technology- based luxury bags. Their main focus is to provide fashion and technology. Some of the handbags are well-equipped with a battery to charge phones, laptop sleeves, and tracking devices. Consumer can easily track the bag and its valuables if it is stolen or misplaced. Smart wallets are increasingly becoming popular with consumers due to its functions such as Bluetooth connectivity, tracking devices, etc.

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Strengthening Distribution Channels in Asia Pacific to Drive Market Expansion

The increasing sales of luxury handbags in Asia Pacific is leading to value-grab opportunities for product manufacturers to compete with top market players. Rising disposable income and improving standard of living are factors responsible for market growth in Asia Pacific. In addition, growing offline distribution channels such as specialty stores, mega retail stores, departmental stores, etc., eCommerce websites, and company websites is expected to boost the sales of luxury handbags in countries including China, India, Japan, Macau, and Hong Kong. The increasing presence of product manufacturers in China, along with rising upper-middle class population is contributing to market growth. Europe dominated the global luxury handbag market, owing to the strong presence of luxury houses in the region.

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Impact of COVID-19 on Luxury Handbag market

The rapidly spreading coronavirus has harshly affected all the businesses and manufacturing industries across the globe. It has had a huge impact on the luxury handbag market due to prolonged lockdowns, lack of availability of raw material, and disrupted supply chains. The decrease in production of luxury handbags during the COVID-19 outbreak has created challenging situations for manufacturers. Key market players are exploring opportunities to overcome challenges in the global market.

Market players are working hard to set their businesses in order to keep the economies running amid the ongoing pandemic. Market stakeholders are extending their production capability to gain a competitive edge after the COVID-19 breakdown. The rapidly expanding eCommerce industry has also created huge opportunities for manufacturers and distributors in the luxury handbag market. Key players are focusing on selling their products through various eCommerce websites across the globe.

Luxury Handbag Market: Overview

  • According to a latest market report published by Transparency Market Research on the luxury handbag market for the period 2021–2031 (wherein 2021 to 2031 is the forecast period and 2020 is the base year), the promotion of bags and apparel through fashion sites and channels has given a thrust to the global luxury handbag market

Rising Adoption of Luxury Products: Key Driver of Luxury Handbag Market

  • The luxury handbag market has been significantly impacted with rise in buying options for consumers. Internet and social media such as Facebook and Instagram have helped buyers understand products and methods to buy them.
  • Additionally, multi-brand retail outlets help in the expansion of infrastructure and drives the economy. They also help small retailers sell their products to large retailers. The growing population of working women has driven the demand for luxury handbags. Luxury handbag manufacturers are developing innovative designs of women’s handbags that are more functional, embedded with laptop sleeves, key holders, mobile holders, etc. offering the feel of luxury, without compromising on quality.
  • In addition, rising awareness about innovative products and several luxury brands among consumers is encouraging the growth of the luxury handbag market

Growing Demand for Male Luxury Bags: Significant Opportunity for Luxury Handbag Market

  • Key players in the luxury handbag market are targeting the male category by introducing niche designs in order to meet their requirements and overall product satisfaction as a lifestyle product rather than as a functional product. Messenger bags, rucksacks, and work bags are some of the types of male luxury bags, which are gaining popularity. A U.K.-based brand of accessories ‘Ally Capelino,’ an independent designer of mid-range luxury bags, focuses on male accessories with a wide variety of rucksacks, work bags, messenger bags, travel bags, etc.
  • In addition, key players also collaborate with noted luxury brand houses by offering them innovative solutions and value added services. This helps suppliers to enhance their sales and expand their product reach across the globe. In addition, manufacturers also target their users through different sales channels such as e-commerce platforms, designer sites, and other sales platforms. This helps them to deliver their innovative luxury handbags and increase awareness about their broad product portfolio.

Shift in Consumer Preference Toward Compact, Technology-enabled Handy Bags: Key Trend of Luxury Handbag Market

  • Extensive adoption of niche and innovative luxury products by users is encouraging the adoption of luxury handbags in recent years. Key players are focusing on the introduction of handbags that are small and easy to carry. Prominent brands such as Calvin Klein, Kate Spade, and Ganni, are coming up with compact luxury designer handbags.
  • Some handbag manufacturers are emphasizing on introducing technology- based luxury bags. Mezzi is focusing on providing a fusion of fashion and technology. The handbags are equipped with a battery to charge the phone, laptop sleeves, and tracking devices to track the bag and its valuables if it is stolen or misplaced. Smart wallet is a new concept that manufacturers are focusing on. Walli Wearables and Wocket Smart Wallet are some of the manufacturers who have launched smart wallets. These wallets are equipped with Bluetooth connectivity, tracking devices, etc.

Increasing Penetration of Counterfeit Products to Hamper Growth of Luxury Handbag Market

  • Availability of counterfeit and copy of original products is one of the key factors hindering the luxury handbag market. Local players offer counterfeit products similar to luxury handbags and sell them at medium range pricing. This impacts manufacturers of luxury handbags, as it harms customers’ brand loyalty.

Luxury Handbag Market: Competition Landscape

  • Detailed profiles of manufacturers of luxury handbags have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the luxury handbag market include PVH Corp. (Calvin Klein)
    • Compagnie Financiere Richemont SA (Chloe SAS)
    • Furla S.p.A.
    • GANNI A/S
    • Giorgio Armani S.p.A. (Armani)
    • Loeffler Randall
    • Macy’s Inc.
    • LVMH Moët Hennessy Louis Vuitton SE (Marc Jacobs Int. LLC)
    • Michael Kors Holdings Limited
    • Rebecca Minkoff
    • Sungjoo Group (MCM)
    • The Cambridge Satchel Company
    • MAUS Freres SA (The Lacoste Group)
    • Vera Bradley Sales LLC.
    • MILLY NY
    • Tapestry Inc. (Coach Inc.)
    • Longchamp S.A.S.

Luxury Handbag Market: Key Developments

  • Prominent players in the luxury handbag market are increasing investments in innovative designs to fulfil the needs of users and offer them customized solutions. Manufacturers of luxury handbag are also planning to expand their product range and presence in various geographies through mergers & acquisitions and offer their users value-added cost-effective products.
  • Some key developments in the luxury handbag market are highlighted below:
  • In February 2022, Louis Vuitton a French company is increasing its capacity to produce ultra-high-end handbags, to ramp up competition in France with Hermès USA. On the other hand, Hermes USA is opening three new factories as it wrestles to keep up with the demand for some of its products.

Luxury Handbag Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 20,940.4 Mn

Market Forecast Value in 2031

US$ 35,421.6 Mn

Growth Rate (CAGR)

5.9%

Forecast Period

2021-2031

Quantitative Units

US$ Mn for Value and Thousand Units for Volume

Market Analysis

Global qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, key market indicators, regulatory framework, and SWOT analysis.

Competition Landscape

  • Market Player – Competition Dashboard and Revenue Share Analysis 2020
  • Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)

Format

Consumer Goods (PDF) + Excel

Market Segmentation

  • By Product
    • Handbag
      • Shoulder Bags
      • Satchel Bags
      • Handheld Bags
      • Sling Bags 
      • Tote bags
      • Hobo Bags
      • Others (Duffle bags and Fanny / waist Packs etc.)
    • Backpack
    • Wallet
    • Others (Clutches, Laptop Bags, Messenger Bags etc.)  
  • By Material
    • Cotton
    • Leather
    • Nylon
    • Synthetic
  • By End-user
    • Men
    • Women
  • By Distribution Channel
    • Online
      • E-commerce Websites
      • Company Owned Websites
    • Offline
      • Specialty Stores
      • Mega Retail Stores
      • Others (Individual Stores, Departmental Stores, etc.)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • The U.S.
  • Canada
  • UK
  • Germany
  • France
  • China
  • Japan
  • India
  • GCC Countries
  • South Africa

Companies Profiled

  • Compagnie Financiere Richemont SA (Chloe SAS)
  • Furla S.p.A.
  • GANNI A/S
  • Giorgio Armani S.p.A. (Armani)
  • Loeffler Randall
  • Longchamp S.A.S.
  • LVMH Moët Hennessy Louis Vuitton SE
  • Macy’s Inc.
  • MAUS Freres SA (The Lacoste Group)
  •  Michael Kors Holdings Limited
  • MILLY NY, Tapestry, Inc. (Coach, Inc.)
  • PVH Corp. (Calvin Klein)
  • Rebecca Minkoff, Sungjoo Group (MCM)
  • The Cambridge Satchel Company
  • Vera Bradley Sales, LLC.

Customization Scope

Available upon Request

Pricing

Available upon Request

Luxury Handbag Market – Segmentation

TMR’s study on the global luxury handbag market includes information categorized into five sections ― product, material, end-user, distribution channel, and region. Changing industry trends and other crucial market dynamics associated with these sections of the luxury handbag market are discussed in detail.

Product
  • Handbag
    • Shoulder Bags
    • Satchel Bags
    • Handheld Bags
    • Sling Bags 
    • Tote bags
    • Hobo Bags
    • Others (Duffle Bags and Fanny/Waist Packs, etc.)
  • Backpack
  • Wallet
  • Others (Clutches, Laptop Bags, Messenger Bags, etc.)
Material
  • Cotton
  • Leather
  • Nylon
  • Synthetic
End-user
  • Men
  • Women
Distribution Channel
  • Online
    • E-commerce Websites
    • Company Owned Websites
  • Offline
    • Specialty Stores
    • Mega Retail Stores
    • Others
Region
  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
Luxury Handbag Market

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1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions

3. Research Methodology

4. Executive Summary

5. Market Overview

    5.1. Introduction

    5.2. Market Dynamics

        5.2.1. Drivers

        5.2.2. Restraints

        5.2.3. Opportunities

    5.3. Key Trends Analysis 

        5.3.1. Demand Side Analysis

        5.3.2. Supply Side Analysis

    5.4. Key Market Indicators

        5.4.1. Overall Handbag Industry Overview

    5.5. Porter’s Five Forces Analysis 

    5.6. Industry SWOT Analysis

    5.7. Value Chain Analysis

    5.8. Global Luxury Handbag Market Analysis and Forecast, 2017 - 2031

        5.8.1. Market Value Projections (US$ Mn)

        5.8.2. Market Volume Projections (Thousand Units)

6. Global Luxury Handbag Market Analysis and Forecast, By Product

    6.1. Luxury Handbag Market Size (US$ Mn and Thousand Units ) Forecast, By Product, 2017 - 2031

        6.1.1. Handbag

            6.1.1.1. Shoulder Bags

            6.1.1.2. Satchel Bags 

            6.1.1.3. Handheld Bags

            6.1.1.4. Sling Bags  

            6.1.1.5. Tote bags 

            6.1.1.6. Hobo Bags

            6.1.1.7. Others 

        6.1.2. Backpack

        6.1.3. Wallet

        6.1.4. Others

    6.2. Incremental Opportunity, By Product

7. Global Luxury Handbag Market Analysis and Forecast, By Material

    7.1. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Material, 2017 - 2031

        7.1.1. Cotton

        7.1.2. Leather

        7.1.3. Nylon

        7.1.4. Synthetic

    7.2. Incremental Opportunity, By Material

8. Global Luxury Handbag Market Analysis and Forecast, By End-user

    8.1. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By End-user, 2017 - 2031

        8.1.1. Men

        8.1.2. Women

    8.2. Incremental Opportunity, By End-user

9. Global Luxury Handbag Market Analysis and Forecast, By Distribution Channel

    9.1. Overview

    9.2. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

        9.2.1. Online 

            9.2.1.1. E-commerce Websites

            9.2.1.2. Company-owned Website

        9.2.2. Offline

            9.2.2.1. Specialty Stores

            9.2.2.2. Mega Retail Stores

            9.2.2.3. Others

    9.3. Incremental Opportunity, By Distribution Channel

10. Global Luxury Handbag Market Analysis and Forecast, By Region

    10.1. Overview

    10.2. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Region, 2017 - 2031

        10.2.1. North America

        10.2.2. Europe

        10.2.3. Asia Pacific

        10.2.4. Middle East & Africa

        10.2.5. South America

    10.3. Incremental Opportunity, By Region

11. North America Luxury Handbag Market Analysis and Forecast 

    11.1. Regional Snapshot

    11.2. Brand Analysis

    11.3. Consumer Buying Behavior

        11.3.1. Purchasing Power

        11.3.2. Product Preference

        11.3.3. Buying Channel Preference

    11.4. Macroeconomic Factors

    11.5. COVID-19 Impact Analysis

    11.6. Price Trend Analysis

        11.6.1. Weighted Average Price

    11.7. Key Trends Analysis 

        11.7.1. Demand Side Analysis

        11.7.2. Supply Side Analysis

    11.8. Luxury Handbag Market Size (US$ Mn and Thousand Units ) Forecast, By Product, 2017 - 2031

        11.8.1. Handbag

            11.8.1.1. Shoulder Bags

            11.8.1.2. Satchel Bags 

            11.8.1.3. Handheld Bags

            11.8.1.4. Sling Bags  

            11.8.1.5. Tote bags 

            11.8.1.6. Hobo Bags

            11.8.1.7. Others 

        11.8.2. Backpack

        11.8.3. Wallet

        11.8.4. Others

    11.9. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Material, 2017 - 2031

        11.9.1. Cotton

        11.9.2. Leather

        11.9.3. Nylon

        11.9.4. Synthetic

    11.10. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By End-user, 2017 - 2031

        11.10.1. Men

        11.10.2. Women

    11.11. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

        11.11.1. Online 

            11.11.1.1. E-commerce Websites

            11.11.1.2. Company-owned Website

        11.11.2. Offline

            11.11.2.1. Specialty Stores

            11.11.2.2. Mega Retail Stores

            11.11.2.3. Others

    11.12. Luxury Handbag Market Size (US$ Bn) (Thousand Units) Forecast, by Country & Sub-region, 2017 - 2031

        11.12.1. U.S.

        11.12.2. Canada

        11.12.3. Rest of North America

    11.13. Incremental Opportunity Analysis

12. Europe Luxury Handbag Market Analysis and Forecast 

    12.1. Regional Snapshot

    12.2. Brand Analysis

    12.3. Consumer Buying Behavior

        12.3.1. Purchasing Power

        12.3.2. Product Preference

        12.3.3. Buying Channel Preference

    12.4. Macroeconomic Factors

    12.5. COVID-19 Impact Analysis

    12.6. Price Trend Analysis

        12.6.1. Weighted Average Price

    12.7. Key Trends Analysis 

        12.7.1. Demand Side Analysis

        12.7.2. Supply Side Analysis

    12.8. Luxury Handbag Market Size (US$ Mn and Thousand Units ) Forecast, By Product, 2017 - 2031

        12.8.1. Handbag

            12.8.1.1. Shoulder Bags

            12.8.1.2. Satchel Bags 

            12.8.1.3. Handheld Bags

            12.8.1.4. Sling Bags  

            12.8.1.5. Tote bags 

            12.8.1.6. Hobo Bags

            12.8.1.7. Others 

        12.8.2. Backpack

        12.8.3. Wallet

        12.8.4. Others

    12.9. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Material, 2017 - 2031

        12.9.1. Cotton

        12.9.2. Leather

        12.9.3. Nylon

        12.9.4. Synthetic

    12.10. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By End-user, 2017 - 2031

        12.10.1. Men

        12.10.2. Women

    12.11. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

        12.11.1. Online 

            12.11.1.1. E-commerce Websites

            12.11.1.2. Company-owned Website

        12.11.2. Offline

            12.11.2.1. Specialty Stores

            12.11.2.2. Mega Retail Stores

            12.11.2.3. Others

    12.12. Luxury Handbag Market Size (US$ Bn) () Forecast, by Country & Sub-region, 2017 - 2031

        12.12.1. U.K.

        12.12.2. Germany

        12.12.3. France

        12.12.4. Rest of Europe

    12.13. Incremental Opportunity Analysis

13. Asia Pacific Luxury Handbag Market Analysis and Forecast 

    13.1. Regional Snapshot

    13.2. Brand Analysis

    13.3. Consumer Buying Behavior

        13.3.1. Purchasing Power

        13.3.2. Product Preference

        13.3.3. Buying Channel Preference

    13.4. Macroeconomic Factors

    13.5. COVID-19 Impact Analysis

    13.6. Price Trend Analysis

        13.6.1. Weighted Average Price

    13.7. Key Trends Analysis 

        13.7.1. Demand Side Analysis

        13.7.2. Supply Side Analysis

    13.8. Luxury Handbag Market Size (US$ Mn and Thousand Units ) Forecast, By Product, 2017 - 2031

        13.8.1. Handbag

            13.8.1.1. Shoulder Bags

            13.8.1.2. Satchel Bags 

            13.8.1.3. Handheld Bags

            13.8.1.4. Sling Bags  

            13.8.1.5. Tote bags 

            13.8.1.6. Hobo Bags

            13.8.1.7. Others 

        13.8.2. Backpack

        13.8.3. Wallet

        13.8.4. Others

    13.9. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Material, 2017 - 2031

        13.9.1. Cotton

        13.9.2. Leather

        13.9.3. Nylon

        13.9.4. Synthetic

    13.10. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By End-user, 2017 - 2031

        13.10.1. Men

        13.10.2. Women

    13.11. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

        13.11.1. Online 

            13.11.1.1. E-commerce Websites

            13.11.1.2. Company-owned Website

        13.11.2. Offline

            13.11.2.1. Specialty Stores

            13.11.2.2. Mega Retail Stores

            13.11.2.3. Others

    13.12. Luxury Handbag Market Size (US$ Bn) (Thousand Units) Forecast, by Country & Sub-region, 2017 - 2031

        13.12.1. China

        13.12.2. India

        13.12.3. Japan

        13.12.4. Rest of Asia Pacific

    13.13. Incremental Opportunity Analysis

14. Middle East & Africa Luxury Handbag Market Analysis and Forecast 

    14.1. Regional Snapshot

    14.2. Brand Analysis

    14.3. Consumer Buying Behavior

        14.3.1. Purchasing Power

        14.3.2. Product Preference

        14.3.3. Buying Channel Preference

    14.4. Macroeconomic Factors

    14.5. COVID-19 Impact Analysis

    14.6. Price Trend Analysis

        14.6.1. Weighted Average Price

    14.7. Key Trends Analysis 

        14.7.1. Demand Side Analysis

        14.7.2. Supply Side Analysis

    14.8. Luxury Handbag Market Size (US$ Mn and Thousand Units ) Forecast, By Product, 2017 - 2031

        14.8.1. Handbag

            14.8.1.1. Shoulder Bags

            14.8.1.2. Satchel Bags 

            14.8.1.3. Handheld Bags

            14.8.1.4. Sling Bags  

            14.8.1.5. Tote bags 

            14.8.1.6. Hobo Bags

            14.8.1.7. Others 

        14.8.2. Backpack

        14.8.3. Wallet

        14.8.4. Others

    14.9. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Material, 2017 - 2031

        14.9.1. Cotton

        14.9.2. Leather

        14.9.3. Nylon

        14.9.4. Synthetic

    14.10. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By End-user, 2017 - 2031

        14.10.1. Men

        14.10.2. Women

    14.11. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

        14.11.1. Online 

            14.11.1.1. E-commerce Websites

            14.11.1.2. Company-owned Website

        14.11.2. Offline

            14.11.2.1. Specialty Stores

            14.11.2.2. Mega Retail Stores

            14.11.2.3. Others

    14.12. Luxury Handbag Market Size (US$ Bn) (Thousand Units) Forecast, by Country & Sub-region, 2017 - 2031

        14.12.1. GCC

        14.12.2. South Africa

        14.12.3. Rest of Middle East & Africa

    14.13. Incremental Opportunity Analysis

15. South America Luxury Handbag Market Analysis and Forecast 

    15.1. Regional Snapshot

    15.2. Brand Analysis

    15.3. Consumer Buying Behavior

        15.3.1. Purchasing Power

        15.3.2. Product Preference

        15.3.3. Buying Channel Preference

    15.4. Macroeconomic Factors

    15.5. COVID-19 Impact Analysis

    15.6. Price Trend Analysis

        15.6.1. Weighted Average Price

    15.7. Key Trends Analysis 

        15.7.1. Demand Side Analysis

        15.7.2. Supply Side Analysis

    15.8. Luxury Handbag Market Size (US$ Mn and Thousand Units ) Forecast, By Product, 2017 - 2031

        15.8.1. Handbag

            15.8.1.1. Shoulder Bags

            15.8.1.2. Satchel Bags 

            15.8.1.3. Handheld Bags

            15.8.1.4. Sling Bags  

            15.8.1.5. Tote bags 

            15.8.1.6. Hobo Bags

            15.8.1.7. Others 

        15.8.2. Backpack

        15.8.3. Wallet

        15.8.4. Others

    15.9. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Material, 2017 - 2031

        15.9.1. Cotton

        15.9.2. Leather

        15.9.3. Nylon

        15.9.4. Synthetic

    15.10. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By End-user, 2017 - 2031

        15.10.1. Men

        15.10.2. Women

    15.11. Luxury Handbag Market Size (US$ Mn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

        15.11.1. Online 

            15.11.1.1. E-commerce Websites

            15.11.1.2. Company-owned Website

        15.11.2. Offline

            15.11.2.1. Specialty Stores

            15.11.2.2. Mega Retail Stores

            15.11.2.3. Others

    15.12. Luxury Handbag Market Size (US$ Bn) (Thousand Units) Forecast, by Country & Sub-region, 2017 - 2031

        15.12.1. Brazil

        15.12.2. Rest of South America

    15.13. Incremental Opportunity Analysis

16. Competition Landscape

    16.1. Market Player – Competition Dashboard

    16.2. Market Share Analysis (%)-2020

    16.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview, Go-To-Market Strategy) 

        16.3.1. Compagnie Financiere Richemont SA (Chloe SAS)

            16.3.1.1. Company Overview

            16.3.1.2. Sales Area/Geographical Presence

            16.3.1.3. Revenue

            16.3.1.4. Strategy & Business Overview

            16.3.1.5. Go-To-Market Strategy

        16.3.2. Furla S.p.A.

            16.3.2.1. Company Overview

            16.3.2.2. Sales Area/Geographical Presence

            16.3.2.3. Revenue

            16.3.2.4. Strategy & Business Overview

            16.3.2.5. Go-To-Market Strategy

        16.3.3. GANNI A/S

            16.3.3.1. Company Overview

            16.3.3.2. Sales Area/Geographical Presence

            16.3.3.3. Revenue

            16.3.3.4. Strategy & Business Overview

            16.3.3.5. Go-To-Market Strategy

        16.3.4. Giorgio Armani S.p.A. (Armani)

            16.3.4.1. Company Overview

            16.3.4.2. Sales Area/Geographical Presence

            16.3.4.3. Revenue

            16.3.4.4. Strategy & Business Overview

            16.3.4.5. Go-To-Market Strategy

        16.3.5. Loeffler Randall

            16.3.5.1. Company Overview

            16.3.5.2. Sales Area/Geographical Presence

            16.3.5.3. Revenue

            16.3.5.4. Strategy & Business Overview

            16.3.5.5. Go-To-Market Strategy

        16.3.6. Longchamp S.A.S.

            16.3.6.1. Company Overview

            16.3.6.2. Sales Area/Geographical Presence

            16.3.6.3. Revenue

            16.3.6.4. Strategy & Business Overview

            16.3.6.5. Go-To-Market Strategy

        16.3.7. LVMH Moët Hennessy Louis Vuitton SE

            16.3.7.1. Company Overview

            16.3.7.2. Sales Area/Geographical Presence

            16.3.7.3. Revenue

            16.3.7.4. Strategy & Business Overview

            16.3.7.5. Go-To-Market Strategy

        16.3.8. Macy’s Inc.

            16.3.8.1. Company Overview

            16.3.8.2. Sales Area/Geographical Presence

            16.3.8.3. Revenue

            16.3.8.4. Strategy & Business Overview

            16.3.8.5. Go-To-Market Strategy

        16.3.9. MAUS Freres SA (The Lacoste Group)

            16.3.9.1. Company Overview

            16.3.9.2. Sales Area/Geographical Presence

            16.3.9.3. Revenue

            16.3.9.4. Strategy & Business Overview

            16.3.9.5. Go-To-Market Strategy

        16.3.10. Michael Kors Holdings Limited

            16.3.10.1. Company Overview

            16.3.10.2. Sales Area/Geographical Presence

            16.3.10.3. Revenue

            16.3.10.4. Strategy & Business Overview

            16.3.10.5. Go-To-Market Strategy

        16.3.11. MILLY NY, Tapestry, Inc. (Coach, Inc.)

            16.3.11.1. Company Overview

            16.3.11.2. Sales Area/Geographical Presence

            16.3.11.3. Revenue

            16.3.11.4. Strategy & Business Overview

            16.3.11.5. Go-To-Market Strategy

        16.3.12. PVH Corp. (Calvin Klein)

            16.3.12.1. Company Overview

            16.3.12.2. Sales Area/Geographical Presence

            16.3.12.3. Revenue

            16.3.12.4. Strategy & Business Overview

            16.3.12.5. Go-To-Market Strategy

        16.3.13. Rebecca Minkoff, Sungjoo Group (MCM)

            16.3.13.1. Company Overview

            16.3.13.2. Sales Area/Geographical Presence

            16.3.13.3. Revenue

            16.3.13.4. Strategy & Business Overview

            16.3.13.5. Go-To-Market Strategy

        16.3.14. The Cambridge Satchel Company

            16.3.14.1. Company Overview

            16.3.14.2. Sales Area/Geographical Presence

            16.3.14.3. Revenue

            16.3.14.4. Strategy & Business Overview

            16.3.14.5. Go-To-Market Strategy

        16.3.15. Vera Bradley Sales, LLC.

            16.3.15.1. Company Overview

            16.3.15.2. Sales Area/Geographical Presence

            16.3.15.3. Revenue

            16.3.15.4. Strategy & Business Overview

            16.3.15.5. Go-To-Market Strategy

17. Key Takeaways

    17.1. Identification of Potential Market Spaces

        17.1.1. Type

        17.1.2. Material

        17.1.3. End-user

        17.1.4. Distribution Channel

        17.1.5. Geography

    17.2. Understanding the Buying Process of the Customers

        17.2.1. Preferred Type 

        17.2.2. Preferred Mode of buying products

        17.2.3. Preferred Pricing

        17.2.4. Target Audience

    17.3. Prevailing Market Risks

    17.4. Preferred Sales & Marketing Strategy

List of Tables

Table 1: Global Luxury Handbag Market (Thousand Units), by Product

Table 2: Global Luxury Handbag Market (US$ Mn), by Product

Table 3: Global Luxury Handbag Market (Thousand Units), by Material

Table 4: Global Luxury Handbag Market (US$ Mn), by Material

Table 5: Global Luxury Handbag Market (Thousand Units), by End-user

Table 6: Global Luxury Handbag Market (US$ Mn), by End-user

Table 7: Global Luxury Handbag Market (Thousand Units), by Distribution Channel

Table 8: Global Luxury Handbag Market (US$ Mn), by Distribution Channel

Table 9: Global Luxury Handbag Market (Thousand Units), by Region

Table 10: Global Luxury Handbag Market (US$ Mn), by Region

Table 11: North America Luxury Handbag Market (Thousand Units), by Product

Table 12: North America Luxury Handbag Market (US$ Mn), by Product

Table 13: North America Luxury Handbag Market (Thousand Units), by Material

Table 14: North America Luxury Handbag Market (US$ Mn), by Material

Table 15: North America Luxury Handbag Market (Thousand Units), by End-user

Table 16: North America Luxury Handbag Market (US$ Mn), by End-user

Table 17: North America Luxury Handbag Market (Thousand Units), by Distribution Channel

Table 18: North America Luxury Handbag Market (US$ Mn), by Distribution Channel

Table 19: North America Luxury Handbag Market (Thousand Units), by Country

Table 20: North America Luxury Handbag Market (US$ Mn), by Country

Table 21: Europe Luxury Handbag Market (Thousand Units), by Product

Table 22: Europe Luxury Handbag Market (US$ Mn), by Product

Table 23: Europe Luxury Handbag Market (Thousand Units), by Material

Table 24: Europe Luxury Handbag Market (US$ Mn), by Material

Table 25: Europe Luxury Handbag Market (Thousand Units), by End-user

Table 26: Europe Luxury Handbag Market (US$ Mn), by End-user

Table 27: Europe Luxury Handbag Market (Thousand Units), by Distribution Channel

Table 28: Europe Luxury Handbag Market (US$ Mn), by Distribution Channel

Table 29: Europe Luxury Handbag Market (Thousand Units), by Country

Table 30: Europe Luxury Handbag Market (US$ Mn), by Country

Table 31: Asia Pacific Luxury Handbag Market (Thousand Units), by Product

Table 32: Asia Pacific Luxury Handbag Market (US$ Mn), by Product

Table 33: Asia Pacific Luxury Handbag Market (Thousand Units), by Material

Table 34: Asia Pacific Luxury Handbag Market (US$ Mn), by Material

Table 35: Asia Pacific Luxury Handbag Market (Thousand Units), by End-user

Table 36: Asia Pacific Luxury Handbag Market (US$ Mn), by End-user

Table 37: Asia Pacific Luxury Handbag Market (Thousand Units), by Distribution Channel

Table 38: Asia Pacific Luxury Handbag Market (US$ Mn), by Distribution Channel

Table 39: Asia Pacific Luxury Handbag Market (Thousand Units), by Country

Table 40: Asia Pacific Luxury Handbag Market (US$ Mn), by Country

Table 41: Middle East & Africa Luxury Handbag Market (Thousand Units), by Product

Table 42: Middle East & Africa Luxury Handbag Market (US$ Mn), by Product

Table 43: Middle East & Africa Luxury Handbag Market (Thousand Units), by Material

Table 44: Middle East & Africa Luxury Handbag Market (US$ Mn), by Material

Table 45: Middle East & Africa Luxury Handbag Market (Thousand Units), by End-user

Table 46: Middle East & Africa Luxury Handbag Market (US$ Mn), by End-user

Table 47: Middle East & Africa Luxury Handbag Market (Thousand Units), by Distribution Channel

Table 48: Middle East & Africa Luxury Handbag Market (US$ Mn), by Distribution Channel

Table 49: Middle East & Africa Luxury Handbag Market (Thousand Units), by Country

Table 50: Middle East & Africa Luxury Handbag Market (US$ Mn), by Country

Table 51: South America Luxury Handbag Market (Thousand Units), by Product

Table 52: South America Luxury Handbag Market (US$ Mn), by Product

Table 53: South America Luxury Handbag Market (Thousand Units), by Material

Table 54: South America Luxury Handbag Market (US$ Mn), by Material

Table 55: South America Luxury Handbag Market (Thousand Units), by End-user

Table 56: South America Luxury Handbag Market (US$ Mn), by End-user

Table 57: South America Luxury Handbag Market (Thousand Units), by Distribution Channel

Table 58: South America Luxury Handbag Market (US$ Mn), by Distribution Channel

Table 59: South America Luxury Handbag Market (Thousand Units), by Country

Table 60: South America Luxury Handbag Market (US$ Mn), by Country

List of Figures

Figure 1: Global Luxury Handbag Market (Thousand Units), by Product

Figure 2: Global Luxury Handbag Market (US$ Mn), by Product

Figure 3: Global Luxury Handbag Market Incremental Opportunity, by Product, US$ Mn

Figure 4: Global Luxury Handbag Market (Thousand Units), by Material

Figure 5: Global Luxury Handbag Market (US$ Mn), by Material

Figure 6: Global Luxury Handbag Market Incremental Opportunity, by Material

Figure 7: Global Luxury Handbag Market (Thousand Units), by End-user

Figure 8: Global Luxury Handbag Market (US$ Mn), by End-user

Figure 9: Global Luxury Handbag Market Incremental Opportunity, by End-user

Figure 10: Global Luxury Handbag Market (Thousand Units), by Distribution Channel

Figure 11: Global Luxury Handbag Market (US$ Mn), by Distribution Channel

Figure 12: Global Luxury Handbag Market Incremental Opportunity, by Distribution Channel

Figure 13: Global Luxury Handbag Market (Thousand Units), by Region

Figure 14: Global Luxury Handbag Market (US$ Mn), by Region

Figure 15: Global Luxury Handbag Market Incremental Opportunity, by Region

Figure 16: North America Luxury Handbag Market (Thousand Units), by Product

Figure 17: North America Luxury Handbag Market (US$ Mn), by Product

Figure 18: North America Luxury Handbag Market Incremental Opportunity, by Product, US$ Mn

Figure 19: North America Luxury Handbag Market (Thousand Units), by Material

Figure 20: North America Luxury Handbag Market (US$ Mn), by Material

Figure 21: North America Luxury Handbag Market Incremental Opportunity, by Material

Figure 22: North America Luxury Handbag Market (Thousand Units), by End-user

Figure 23: North America Luxury Handbag Market (US$ Mn), by End-user

Figure 24: North America Luxury Handbag Market Incremental Opportunity, by End-user

Figure 25: North America Luxury Handbag Market (Thousand Units), by Distribution Channel

Figure 26: North America Luxury Handbag Market (US$ Mn), by Distribution Channel

Figure 27: North America Luxury Handbag Market Incremental Opportunity, by Distribution Channel

Figure 28: North America Luxury Handbag Market (Thousand Units), by Country

Figure 29: North America Luxury Handbag Market (US$ Mn), by Country

Figure 30: North America Luxury Handbag Market Incremental Opportunity, by Country

Figure 31: Europe Luxury Handbag Market (Thousand Units), by Product

Figure 32: Europe Luxury Handbag Market (US$ Mn), by Product

Figure 33: Europe Luxury Handbag Market Incremental Opportunity, by Product, US$ Mn

Figure 34: Europe Luxury Handbag Market (Thousand Units), by Material

Figure 35: Europe Luxury Handbag Market (US$ Mn), by Material

Figure 36: Europe Luxury Handbag Market Incremental Opportunity, by Material

Figure 37: Europe Luxury Handbag Market (Thousand Units), by End-user

Figure 38: Europe Luxury Handbag Market (US$ Mn), by End-user

Figure 39: Europe Luxury Handbag Market Incremental Opportunity, by End-user

Figure 40: Europe Luxury Handbag Market (Thousand Units), by Distribution Channel

Figure 41: Europe Luxury Handbag Market (US$ Mn), by Distribution Channel

Figure 42: Europe Luxury Handbag Market Incremental Opportunity, by Distribution Channel

Figure 43: Europe Luxury Handbag Market (Thousand Units), by Country

Figure 44: Europe Luxury Handbag Market (US$ Mn), by Country

Figure 45: Europe Luxury Handbag Market Incremental Opportunity, by Country

Figure 46: Asia Pacific Luxury Handbag Market (Thousand Units), by Product

Figure 47: Asia Pacific Luxury Handbag Market (US$ Mn), by Product

Figure 48: Asia Pacific Luxury Handbag Market Incremental Opportunity, by Product, US$ Mn

Figure 49: Asia Pacific Luxury Handbag Market (Thousand Units), by Material

Figure 50: Asia Pacific Luxury Handbag Market (US$ Mn), by Material

Figure 51: Asia Pacific Luxury Handbag Market Incremental Opportunity, by Material

Figure 52: Asia Pacific Luxury Handbag Market (Thousand Units), by End-user

Figure 53: Asia Pacific Luxury Handbag Market (US$ Mn), by End-user

Figure 54: Asia Pacific Luxury Handbag Market Incremental Opportunity, by End-user

Figure 55: Asia Pacific Luxury Handbag Market (Thousand Units), by Distribution Channel

Figure 56: Asia Pacific Luxury Handbag Market (US$ Mn), by Distribution Channel

Figure 57: Asia Pacific Luxury Handbag Market Incremental Opportunity, by Distribution Channel

Figure 58: Asia Pacific Luxury Handbag Market (Thousand Units), by Country

Figure 59: Asia Pacific Luxury Handbag Market (US$ Mn), by Country

Figure 60: Asia Pacific Luxury Handbag Market Incremental Opportunity, by Country

Figure 61: Middle East & Africa Luxury Handbag Market (Thousand Units), by Product

Figure 62: Middle East & Africa Luxury Handbag Market (US$ Mn), by Product

Figure 63: Middle East & Africa Luxury Handbag Market Incremental Opportunity, by Product, US$ Mn

Figure 64: Middle East & Africa Luxury Handbag Market (Thousand Units), by Material

Figure 65: Middle East & Africa Luxury Handbag Market (US$ Mn), by Material

Figure 66: Middle East & Africa Luxury Handbag Market Incremental Opportunity, by Material

Figure 67: Middle East & Africa Luxury Handbag Market (Thousand Units), by End-user

Figure 68: Middle East & Africa Luxury Handbag Market (US$ Mn), by End-user

Figure 69: Middle East & Africa Luxury Handbag Market Incremental Opportunity, by End-user

Figure 70: Middle East & Africa Luxury Handbag Market (Thousand Units), by Distribution Channel

Figure 71: Middle East & Africa Luxury Handbag Market (US$ Mn), by Distribution Channel

Figure 72: Middle East & Africa Luxury Handbag Market Incremental Opportunity, by Distribution Channel

Figure 73: Middle East & Africa Luxury Handbag Market (Thousand Units), by Country

Figure 74: Middle East & Africa Luxury Handbag Market (US$ Mn), by Country

Figure 75: Middle East & Africa Luxury Handbag Market Incremental Opportunity, by Country

Figure 76: South America Luxury Handbag Market (Thousand Units), by Product

Figure 77: South America Luxury Handbag Market (US$ Mn), by Product

Figure 78: South America Luxury Handbag Market Incremental Opportunity, by Product, US$ Mn

Figure 79: South America Luxury Handbag Market (Thousand Units), by Material

Figure 80: South America Luxury Handbag Market (US$ Mn), by Material

Figure 81: South America Luxury Handbag Market Incremental Opportunity, by Material

Figure 82: South America Luxury Handbag Market (Thousand Units), by End-user

Figure 83: South America Luxury Handbag Market (US$ Mn), by End-user

Figure 84: South America Luxury Handbag Market Incremental Opportunity, by End-user

Figure 85: South America Luxury Handbag Market (Thousand Units), by Distribution Channel

Figure 86: South America Luxury Handbag Market (US$ Mn), by Distribution Channel

Figure 87: South America Luxury Handbag Market Incremental Opportunity, by Distribution Channel

Figure 88: South America Luxury Handbag Market (Thousand Units), by Country

Figure 89: South America Luxury Handbag Market (US$ Mn), by Country

Figure 90: South America Luxury Handbag Market Incremental Opportunity, by Country

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