Handbags & Purses Market Research Reports & Industry Analysis
Handbags have become an important accessory in the fashion world, and are often used as completion pieces for a woman’s wardrobe. They promote growth in the fashion industry, and designers are including handbags in their collections more often to increase revenue. The fashion and luxury market has a direct impact on the different designs that come out of the handbag industry, as one complements the other.
As many designers have started to open their own stores, competition in the handbag industry has become commonplace. Premier handbag companies will sell not only their own designer pieces, but luxury brands and private labels as well. The designer handbag brands that come out of Europe make up the largest market in the industry. Europe typically sells their handbags through independent retailers and specialist chains. Outside of Europe, other countries are on the rise in their creation and distribution of handbags with new strategies and initiatives. Handbag companies are also beginning to adjust their distribution practices so they can provide more effectively for the needs of their consumer, as well as reducing their operational costs.
Handbags & Purses Industry Research & Market Reports
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Personal Accessories in Argentina
... a decline in the demand for less essential products. This included many types of personal accessories. Furthermore, there were significant restrictions on the importation of foreign goods, due to the scarcity of US dollars faced ... Read More
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Personal Accessories in Sweden
... by a return to pre-pandemic lifestyles, including increased levels of international travel, which a welcome to boost to luggage in particular. Luxury handbags and high-end watches also fared relatively well, in keeping with the premiumisation ... Read More
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Personal Accessories in Singapore
... rising prices as a result of inflationary pressure across all industries. However, sales are expected to continue to rise in retail current value terms, led by significant price increases across the industry, and the nationwide ... Read More
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Bags and Luggage in Australia
... relaxation of pandemic restrictions and the resurgence of travel. While growth is set to decelerate somewhat due to the ongoing cost-of-living crisis, it is still expected to maintain a healthy upward trajectory. In 2023, travel ... Read More
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Bags and Luggage in the United Arab Emirates
... international travel. This resurgence has led to increasing demand for luggage. While international travel worldwide is expected to return to pre-pandemic levels, Dubai achieved this milestone in 2021, becoming one of the first cities to ... Read More
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Personal Accessories in South Africa
... Similarly, consumers have been prioritising the purchase of essential products for their everyday survival. For example, food, fuel, electricity, water, and mortgage and rental payments have been at the forefront of consumers’ budgets. Meanwhile, personal ... Read More
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Bags and Luggage in the Netherlands
... getaways. This trend is significantly contributing to an increased demand for luggage. Manufacturers are actively promoting innovations such as lightweight products, designed to adhere to stricter cabin allowances on aircraft, thus reducing weight concerns. Additionally, ... Read More
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Personal Accessories in Romania
... declining purchasing power, they continue to demonstrate high brand loyalty. In addition, some Romanians now regard fine jewellery and high watches as a good hedge against inflation, reflected in strong sales for these categories in ... Read More
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Personal Accessories in Japan
... to a Class 5 infectious disease. Class 2 meant it was a crucial disease that the government needed to carefully watch and monitor trends; however, Class 5 is the same class as seasonal influenza. This ... Read More
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Personal Accessories in Australia
... appears to be continuing in 2023, as consumers grapple with the effects of the cost-of-living crisis. However, amidst this economic turbulence, the luxury segment of personal accessories is emerging as a resilient outlier, driving substantial ... Read More
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Bags and Luggage in the United Kingdom
... in most categories, it is significant to note that luggage is anticipated to see the most significant increase, and will be one of the main drivers of overall growth. As the pandemic stopped most travel ... Read More
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Bags and Luggage in China
... restrictions in the early months of the year. As offline activities have resumed in tandem with the recovery of the supply chain, the consumption of bags and luggage is poised to rebound significantly. This resurgence ... Read More
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Personal Accessories in China
... in 2023 overall. This resurgence has notably been driven by the renewed vibrancy of social activities, and the resumption of outdoor pursuits, which have both been directly contributing to an upswing in demand for personal ... Read More
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Personal Accessories in South Korea
... value growth for personal accessories in 2023 compared with 2022. In addition, the official end of the pandemic in 2023, with the full lifting of COVID-19-related restrictions, including the mask mandate, has led to a ... Read More
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Personal Accessories in Mexico
... of emergency for the COVID-19 pandemic in the second quarter of the year. Despite maintaining open borders throughout the pandemic, Mexico implemented various measures to control the spread of the virus. 2023 has been the ... Read More
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Personal Accessories in Thailand
... of inflation, and higher consumer expenditure on living costs. Most categories within personal accessories are set to enjoy a continued rebound in 2023, thanks to a recovery in demand post-COVID-19. This includes the return of ... Read More
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Bags and Luggage in Indonesia
... from COVID-19 crisis, Indonesians became increasingly keen to travel, despite rising costs. Indeed, the term “revenge travel” was coined in response to the renewed interest of consumers in taking exotic trips that were put on ... Read More
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Personal Accessories in the US
... performances varied by category, and the industry is expected to turn to decline in 2023. This slowdown can be attributed to persistent inflation and ongoing economic uncertainty, which have been affecting the US since 2022. ... Read More
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Personal Accessories in France
... a normalisation effect post-pandemic, inflation and strong price increases, driven by various factors, including the rising cost of plastic for writing instruments or much higher unit prices of premium personal accessories, such as bags and ... Read More
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Personal Accessories in the United Arab Emirates
... In fact, across all personal accessories categories, with the exception of writing instruments, luxury brands have been outperforming the industry in both 2022 and 2023. One of the reasons for this two-tier spending pattern is ... Read More
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Synthetic Leather Market by Type (Bio-Based, PU-Based, PVC-Based), End-user (Automotive, Bags, Purses & Wallets, Clothing) - Global Forecast 2024-2030
... reach USD 73.25 billion in 2024, at a CAGR 6.58% to reach USD 108.16 billion by 2030. Global Synthetic Leather Market Synthetic leather, also known as artificial or faux leather, is a material intended to ... Read More
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Bags and Luggage in Mexico
... and the official cessation of the state of emergency for the COVID-19 pandemic in the second quarter of 2023. Despite Mexico maintaining open borders throughout the pandemic, various measures were implemented to curb the spread ... Read More
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Personal Accessories in Indonesia
... became increasingly keen to travel, socialise and spend more time outside the home. Indeed, the term “revenge travel” was coined in response to the renewed interest of consumers in taking exotic trips that were put ... Read More
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Bags and Luggage in Japan
... of the pandemic. There were multiple forms of government support to boost the tourism industry from 2020 to 2023, but support was limited to domestic trips. People had to wait until May 2023 for the ... Read More
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Bags and Luggage in Singapore
... against the backdrop of more than an 85% decline in the number of outbound departures in Singapore, according to Euromonitor International Travel 2024. This was followed by a continued double-digit decline in value sales of ... Read More
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