Global Leather Handbags Market, By Type (Formal, Casual), Product Type (Handheld Bags, Satchel Bags, Shoulder Bags, Sling Bags, Tote Bags, Others), Bag Size (Small, Regular, Oversized), Price Range (Low, Mid, High), Distribution Channel (Direct, Retail, E-Commerce), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028.
Leather handbags market size is valued at USD 19.08 billion by 2028 and is expected to grow at a compound annual growth rate of 7.01% for the forecast period of 2021 to 2028. Leather handbags market report analyses the growth, which is currently being growing due to the increasing preferences of paper shredder for destroying paper.
Leather handbags are defined as the fashion accessorywhich is made up of high quality leather making their outfitted life extremely enhanced and making the product more long-lasting. Rising usage of leather in handbags results in the highly developed appeal of the product and making the product consist of more features and characteristics such as more pockets, compartments and others.
The increasing women workforce along with rising brand awarenessis one of the primary factors driving the leather handbags market growth rate. Moreover, the high demand for handbags has increased owing to rising availability of designer bags in different varieties which isalso highly fueling the growth of the leather handbags market in the forecast period of 2021 to 2028.
Also the market is largely driven by the development in the entire production process enhancing the durability and life of the product.Furthermore, the rapid globalization, increasing consumer spending and rapidly changing consumer lifestyles are also highly impacting the growth of the leather handbags market. While, the shifting inclination toward luxurious living is increasing across the world is also one of the major factors driving the growth of the leather handbags market in the above mentioned forecast period. In addition, the rapid growth of the corporate and organized sectorsas well as increasing brand awareness in the developing countries and increasing demand for luxury productswill further bring various opportunities that will lead to the growth of the leather handbags market in the above mentioned forecast period.
However, the high price of the product and high import dutyare the major limiting factor for leather handbags market, whereas the, easy availability of various counterfeit products from the local manufacturers in the emerging regions have the potential to challenge the growth of the leather handbags market in the forecast period of 2021 to 2028.
This leather handbags market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on leather handbags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Leather Handbags Market Scope and Market Size
Leather handbags market is segmented on the basis of type, product type, bag size, price range and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the leather handbags market is segmented into formal and casual.
- Based on product type, the leather handbags market is segmented intohandheld bags, satchel bags, shoulder bags, sling bags, tote bags and others.
- On the basis of bag size, the leather handbags market is segmented intosmall, regular and oversized.
- On the basis of price range, the leather handbags market is segmented intolow, mid and high.
- The distribution channel segment of the leather handbags market is segmented intodirect, retail and e-commerce.
Leather Handbags Market Country Level Analysis
Leather handbags market is analyzed and market size, volume information is provided by country, type, product type, bag size, price range and distribution channelas referenced above.
The countries covered in the leather handbags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the leather handbags market because of increasing demand for good quality handbags and increasing purchasing power of consumers in the developed economies allows consumers to spend on such luxury productswithin this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rising per capita income in developing economies within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Leather Handbags Market Share Analysis
Leather handbags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to leather handbags market.
The major players covered in the leather handbags market report are Hermès, KERING, LVMH, PRADA, Burberry Limited, Bulgari S.p.A., Richemont, Tapestry, Inc., Michael Kors, HIDESIGN, Steve Madden, Tata CLiQ Luxury,GUESS?. Inc.,Alexander McQueen Trading Limited, Chanel International B.V., Calvin Klein, Apex Interglobal Private Limited, H&M Hennes & Mauritz AB, FOSSIL GROUP, INC., and MARC JACOBS INTERNATIONAL, LLC,among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Leather Handbags Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.