Market Snapshot:
Shoulder bags are majorly converting their market through different means of mode of consumption such as school bags, travel bags office bags and many more. These bags are a vital decoration item for numerous women and beauty lovers. With the ave dent trend of time, it also has become a concept for fashionable men. In addition to that it also necessary for tourists and has made them a trend. Manufacturers are trying to make innovative products such as demand for environment-friendly bags. Thus the rising application of these bags in different genres is widely driving the market.
Market Drivers
- Rising Demand for Luxuries Shoulder bags as a Fashion style & Statement
- Increasing Working Women Population Makes the market to Drive at its Fullest
Market Trend
- Cumulative Trend for New Leather Skin for Bags
- Adoption of Vintage Look is one of the major Trend in this Market
- Introduction of Value-Added and Innovative Products by Vendors
Restraints
- Concern related to using shoulder bags is that they can cause postural deviations in all kinds of planes that can cause major stress and strain on spinal structures and ultimately lead to pain. It a study it is conducted that the effect of carrying three different types of bags(shoulder, front and handheld), each containing a load of 15% body weight. Shoulder and handheld bags constrain more problems of the spine stress.
Opportunities
High demand for Shoulder Bags Coupled with Increasing Disposable Income, Growing Demand for Affordable Luxury Bags and Rising E-Commerce is Driving Growth in the Market
Vendors Covered in the Study are:
Michael Kors (United States), LVMH (Italy), Chanel (France), D&G (Italy), Prada (Italy), Gucci (Italy), Christian Dior (France), Ferrari (Italy), Ralph Lauren (United States), Hermes International (France), Kate Spade (United States), Mulberry (United Kingdom) and Burberry Group (United Kingdom)
The Global Shoulder Bags market is gaining huge competition due to involvement of Italy companies that constantly invest in research & development to meet market expectation with new innovation.
What can be explored with Shoulder Bags study:
Where Shoulder Bags industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Vendors
Where Vendors should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are Goyard (France), Caprese (India), Adidas (Germany), Puma (Germany), Donna Karan International (United States) and Tory Burch (United States).