Handbags Market in UK 2022-2026

Handbags Market in the UK 2022-2026

Technavio has been monitoring the handbags market in the UK and it is poised to grow by $654.28 mn during 2022-2026, accelerating at a CAGR of 4.48% during the forecast period. Our report on the handbags market in the UK 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the expansion of the retail and online distribution landscape, growing purchase of handbags by millennials and working women, and increasing consumer awareness of fashion and spending on personal goods.

The handbags market in the UK analysis includes the product and distribution channel segments.

Technavio's handbags market in the UK is segmented as below:

By Product

• Totebags
• Clutch
• Satchels
• Shoulder bags
• Others

By Distribution Channel

• Offline
• Online

This study identifies the personalization, customization, and innovation of handbags as one of the prime reasons driving the handbags market growth in the UK during the next few years. Also, design and material innovation leading to product premiumization and a rising number of product endorsements by celebrities will lead to sizable demand in the market.

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 report on the handbags market in the UK covers the following areas:

• Handbags market sizing
• Handbags market forecast
• 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 handbags market vendors in the UK that include ALDO Group, Aspinal of London Ltd., Bottega Veneta SRL, Bugatti GmbH, Burberry Group Plc, Capri Holdings Ltd, CHANEL Ltd., Crew Clothing Co. Ltd., Dolce and Gabbana Srl, Fossil Group Inc., GOYARD SINGAPORE PTE. LTD., Guess Inc, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Prada Spa, Radley and Co Ltd., Tapestry Inc., The Cambridge Satchel Co. Ltd., and Mulberry Group Plc. Also, the handbags market in the UK analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage 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 accurate market growth.