About Handbags Market in Brazil
The Handbags market in Brazil is witnessing a steady growth and is expected to grow at a steady rate during the forecast period. The demand for handbags is rising in Brazil with the increasing demand for affordable luxury handbags. The presence of numerous brands and their easy availability through retail stores and online retail channels increased the demand for handbags among consumers in Brazil. The Handbags market in Brazil was dominated by the Purses and Wallet segment in 2014 in terms volume, and in terms of revenue, the market was dominated by the Totes segment.
TechNavio's analysts forecast the Handbags market in Brazil in terms of revenue and volume grow at CAGRs of 3.17 percent and 2.88 percent, respectively, over the period 2014-2019.
Covered in this Report
The Handbags market in Brazil can be segmented into four: Totes, Shoulder Bags, Purses and Wallets, Satchels and Saddles. Totes was the largest segment in terms of revenue and accounted for approximately 29 percent of the market in 2014.
TechNavio's report, the Handbags Market in Brazil 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the landscape of the Handbags market in Brazil and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Handbags Market in Brazil 2015-2019
Technavio recognizes the following companies as the key players in Handbags Market in Brazil 2015-2019: Arezzo & Co, Chanel, Christian Dior, Coach, D&G, Hermes International, LVMH, Michael Kors, Mulberry, Novica, Prada and Tory Burch.
Other Prominent Vendors in the market are: Armani, Artifact Bag Co, AU, BAGGU, BAGSTIL, Brynn Capella, Burrow & Hive, Calleen Cordero, Calvin Klein, Fendi, Holly Aiken, ITZALULU, J.W. Hulme, LexiWynn, Lola Falk, MaddyMoo, Merci-Fortune, Michelle Vale, Oak73, Rebecca Ray Designs, SEA BAGS, Stone Mountain, The Frye, Tori Nicole, Versace, Victor Hugo and Victoria Leather.
Commenting on the report, an analyst from Technavio’s team said: “The utility features of handbags are no longer the only key buying criterion for customers. Over the past few years, handbags have become extremely popular in the lifestyle and fashion segments of the market. Consumers are associating handbags with their social status. Vendors are associating with renowned designers to launch designer collections. Many vendors are also employing celebrities to endorse their brands to create an image and position their product as a lifestyle product. This is positively influencing the sales of handbag products worldwide.”
According to the report, the Brazilian economy has recovered from the recession, unemployment has declined, the stock market is reporting record highs, and house prices have improved. As a result, Brazilians are spending more on expensive clothing, accessories, and jewelry and beauty products. Consequently, with the improving economy, consumers are spending more on handbags.
Further, the report states that one of the main challenges hindering the growth of the market is the increasing competition from counterfeit or fake products.
Arezzo & Co, Chanel, Christian Dior, Coach, D&G, Hermes International, LVMH, Michael Kors, Mulberry, Novica, Prada, Tory Burch, Armani, Artifact Bag Co, AU, BAGGU, BAGSTIL, Brynn Capella, Burrow & Hive, Calleen Cordero, Calvin Klein, Fendi, Holly Aiken, ITZALULU, J.W. Hulme, LexiWynn, Lola Falk, MaddyMoo, Merci-Fortune, Michelle Vale, Oak73, Rebecca Ray Designs, SEA BAGS, Stone Mountain, The Frye, Tori Nicole, Versace, Victor Hugo, Victoria Leather