Global Luxury Handbags Market 2020-2024
Technavio has been monitoring the luxury handbags market and it is poised to grow by $ 0.17 bn during 2020-2024 progressing at a CAGR of 1% during the forecast period. Our reports on luxury handbags market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the design and material innovation leading to product premiumization and high influence of celebrity endorsements on purchase decision.
The luxury handbags market analysis includes distribution channel segment and geographic landscape.
Technavio's luxury handbags market is segmented as below:
By Distribution Channel
By Geographic Landscapes
- North America
- South America
This study identifies the increased expenses by international tourists as one of the prime reasons driving the luxury handbags market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our luxury handbags market covers the following areas:
- Luxury handbags market sizing
- Luxury handbags market forecast
- Luxury handbags market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury handbags market vendors that include Burberry Group Plc, CHANEL Ltd., Compagnie FinanciÃ¨re Richemont SA, Dolce & Gabbana Srl, HermÃ¨s International, Kering SA, LVMH Moet Hennessy - Louis Vuitton, PRADA Group, Ralph Lauren Corp., and Tapestry Inc. Also, the luxury handbags market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.