Ladies Handbag Market Scope
Ladies handbags are also known as purses and pockets for women. These handbags play a vital role in the life of modern women. These handbags are used to holds money, daily needed personal items such as makeup kits and personal hygiene products. The growing engagement of youth adults in social media platforms has majorly increased the style awareness among the women and this has increased the demand for stylish handbags. In addition, the ladies' handbags are now being referred to as fashion statements to enhance one's personality.
According to AMA, the Global Ladies Handbag market is expected to see growth rate of 7.18%In ladies handbag market, it has been observed that most of the companies are now introducing innovative and more stylish handbags with varieties of color and design combinations. These companies are introducing the ladies' handbags with more spacious capacity in order to hold medicines, wallets, cosmetics, and other personal belongings while traveling. Furthermore, companies are partnering with online retail stores to expand their product reach throughout the world.The Vendors having a strong hold in the market are LVMH Moët Hennessy, Michael Kors, Hermès International, Prada, Christian Dior. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Ladies Handbag market throughout the predicted period.
Tapestry, Inc. (New York), LVMH Moët Hennessy - Louis Vuitton SE (Paris), Michael Kors (United States), Compagnie Financière Richemont SA (Switzerland), Guccio Gucci S.p.A. (Italy), Fossil Group, Inc. (United States), Chanel S.A. (France), Hermès International S.A. (France), Prada S.p.A. (Italy), Burberry Group PLC (United Kingdom), Ted Baker plc. (United Kingdom), Christian Dior SE (France) and Kering S.A (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kate Spade New York (United States) and Burberry Group PLC (United Kingdom).
Segmentation Overview
The study have segmented the market of Global Ladies Handbag market by Type (Tote Bag, Clutch, Satchel, Bucket Bag and Others) and Region with country level break-up.
On the basis of geography, the market of Ladies Handbag has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Vietnam, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Spain, Denmark, Netherlands, Rest of Europe), MEA (UAE, Saudi Arabia, Rest of Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Asia Pacific is projected to be the fastest-growing market, expanding at a CAGR of 7.39% from 2023 to 2030.
Influencing Trend:
Improving Living Lifestyles of Women
Market Growth Drivers:
Rising Fashion Industry and Increasing Use of Handbags among Working-Class Women
Challenges:
High Import Duties
Restraints:
Counterfeit Handbags Products
Opportunities:
Increasing Social Media Influence on the Consumers and Rising Disposable Income of People with Growing Brand Awareness
Market Leaders and their Expansionary Development Strategies
In
In July 2016, Technavio has announced the top seven leading vendors in their recent global neurophysiology needles and electrodes market report until 2020. This research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period. To calculate the market size, Technavio analysts use the revenue generated from the sales of neurophysiology needles and electrodes used for diagnostic and therapeutic services
Key Target Audience
Corporate Working Women, Retail Stores, Shopping Malls, Raw Material Suppliers, E-commerce Companies and Third Party Vendors
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.