Leather Handbags Market 2024-2028
The leather handbags market is forecasted to grow by USD 9.3 bn during 2023-2028, accelerating at a CAGR of 5.05% during the forecast period. The report on the leather handbags market 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 personalization and customization of leather handbags, influence of celebrity endorsements on customer purchase decisions, and durability of leather products translating into product value for customers.
Technavio's leather handbags market is segmented as below:
- By Distribution Channel
- Offline
- Online
- By Type
- Shoulder bags
- Satchel bags
- Tote bags
- Sling bags
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the introduction of different leather varieties as one of the prime reasons driving the leather handbags market growth during the next few years. Also, growing preference for affordable luxury leather handbags and increasing demand for eco or organic leather and biofabricated leather will lead to sizable demand in the market.
The report on the leather handbags market covers the following areas:
- Leather handbags market sizing
- Leather handbags market forecast
- Leather handbags market industry analysis
The 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 leather handbags market vendors that include Alexander McQueen Trading Ltd., Burberry Group Plc, Capri Holdings Ltd., Cole Haan International B.V., CraftShades, Dooney and Bourke Inc., Fossil Group Inc., Guess Inc., Hennes and Mauritz AB, Hermes International, Hidesign, Kering SA, Lefty Production Co., LVMH Group, Prada Spa, Stefano Ricci S.p.A., Steven Madden Ltd., Tapestry Inc., Ted Baker PLC, and Tory Burch LLC. Also, the leather handbags market 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.
The publisher 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 primary and secondary research. The 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.