About Leather Handbags
A handbag is a typically and fashionably designed handled bag used to hold essential items of personal use. It is typically larger than a purse or pouch & holds objects beyond currency, such as mobile phones & other personal items. Fashion researchers keep a keen eye on fashion initiators to understand which specific designs & colors are trending during a particular year. Leathers handbags are durable and has high strength compared to bags made from other material. The most trending factor driving the sales of leather handbags are different designs & styles of handbags rather than few limited designs as seen in the previous decade. Many colors are trending in the leather handbags market, as previously only hue colors such as black, brown, tan, & grey dominated the leather handbags collections in retail stores. These days, leather handbags with prints & pastel colors are becoming popular. Further, retro & classic designs are always in the trending collections, irrespective of summer or spring seasons.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Very few number of manufacturers are producing leather goods due to stringent government regulations on the leather goods as well as due to the negative influence of PETA on leather goods manufacturing. Thus, number of manufacturers are shifting their focus from leather goods to other material goods. Thus, the leather handbags market possess moderate competition in the global market.Players are expected to gain business from customized and made to order designs in the leather handbags market. Analyst at AMA Research estimates that United states and European Vendors will contribute the maximum growth to Global Leather Handbags market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Samsonite International S.A. (Hong Kong), VIP Industries Limited (India), Louis Vuitton (France) ,, Hermes International S.A. (France) ,, Delsey S.A (France) and, Prada S.P.A (Italy), Goldlion (Singapore), Tucano (Italy), Knoll, Inc. (United States), American Leather, Inc. (United States), Aero Leather Clothing Ltd. (United Kingdom), The Timberland Company (United States) and Johnston & Murphy (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Tapestry (United States), Kerig S.A. (France) and Christian Dior Se (France).
Segmentation Overview
AMA Research has segmented the market of Global Leather Handbags market by Type (Traditional handbag and Luxury handbag) and Region.
On the basis of geography, the market of Leather Handbags has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Leather types, the sub-segment i.e. Genuine Leather will boost the Leather Handbags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End user, the sub-segment i.e. Men will boost the Leather Handbags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Specialist retailers will boost the Leather Handbags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing trend of convertible sack bags into handbags and Leather handbags with prints and pastel colors are becoming popular
Market Growth Drivers:
Improved Durability of Leather Goods, Increasing Need for Protective Leather Handbags for Electronic Products and Increasing attractiveness for fashionable handbags with high durability
Challenges:
Threat of Substitutes and Stringent regulations
Restraints:
Comparatively Costly as compared to Conventional Leather Products and Lack of Raw Material Availability
Opportunities:
Growing demand due to Increase in Disposable Incomes and Emerging markets
Market Leaders and their expansionary development strategies
In January 2022, Mensa Brands, India’s leading tech-led house of brands, has strengthened its brand portfolio with the addition of Kolkata-based leather goods manufacturer and seller, Estalon.The acquisition of Estalon marks Mensa’s entry into the leather goods segment and sees huge potential for growth in both domestic and international markets.
In April 26, 2023, Sustainable fashion brand Rashki has partnered with Atma Leather to launch what it claims are India’s first banana leather handbags.
The Regulation of the European Union (EU) on registration, evaluation, authorisation and restriction of chemicals use in the Leather Goods. Its proclaimed aim is to ensure a high level of protection of human health and the environment as well as the free movement of substances, on their own, in preparations and in articles, while enhancing competitiveness and innovation. This Regulation should also promote the development of alternative methods for the assessment of hazards of substances.
Key Target Audience
Leather Handbags Manufacturers, Raw material supplier, Leather Handbags Distributors and Traders, Apparel Industry, Textile Industry, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.