$7.47 Billion Handbags Market Size Growth from 2021 to 2026: Descriptive Analysis of Customer Landscape, Vendor Evaluation, and Market Dynamics

New YorkAnd January 16, 2023 /PRNewswire/ – File Global tote bag market It is estimated that the volume will increase by 7.47 billion US dollars From 2021 to 2026. The market growth momentum will accelerate at a compound annual growth rate of 6.37% during the forecast period Request a sample report

Technavio has announced its latest market research report titled Global Tote Bags Market 2022-2026

Technavio has announced its latest market research report titled Global Tote Bags Market 2022-2026

Global Tote Bags Market – Vendor Analysis

Seller Offers –

  • Burberry Collection plc – The company offers tote bags such as the small and small two-tone Freya canvas and leather bag, the small and medium woven Freya bag, the medium Freya wool and striped leather bag, and the medium grain leather Frances bag.

  • Capri Holdings Limited – The company offers tote bags such as the Cotton Canvas Capri Stripes Shopper Bag, Camera and Laptop Bag.

  • Chanel Ltd – The company offers tote bags such as the Chanel Black Caviar Leather Vertical Kelly Bag, the Black Caviar Leather Vertical Kelly Bag, and the Chanel Medallion Bag.

  • Kering SA – The company offers a cotton bag, selvage, and zipper.

  • For details about vendors and their offers – Buy the report!

seller view –

Global tote bags market Fragmented, with many global and regional vendors present. A few of the notable sellers offering tote bags in the market are Burberry Group Plc and Capri Holdings Ltd. and CHANEL Ltd. Dolce and Gabbana Srl, Double R Bags, Giorgio Armani Spa, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, PRADA Group, PVH Corp. and Ralph Lauren Corp. Ronak Industries, Samsonite International SA, Tapestry Inc. and Targus Inc. and Tods Spa and VF Corp. and VIP Industries Ltd. and others.

Well-established players in the market have a competitive advantage due to their scale of operations and brand names. Consumers are willing to pay large sums of money for luxury bags. Hence, competition among vendors is primarily based on brand value and innovative offerings. Compliance costs are high due to regulations, but the capital-intensive nature of the market makes it difficult for new players to sustain themselves in the global luggage market. In addition, vendors are implementing various strategies such as new product launches, mergers and acquisitions to strengthen their position in the market.

Global Handbags Market – Customer Landscape
To help companies assess and develop growth strategies, the report identifies –

Global Handbags Market – Segmentation Assessment

Sector overview

Technavio has segmented the market based on distribution channel (offline or online).

  • the Offline The segment will grow at a significant rate during the forecast period. Sales through this segment are driven by the growth of the retail industry and the establishment of many retail outlets. These outlets offer consumers a wide range of bags to choose from. Consumers purchase leather handbags based on type, brand, and quality while considering factors such as discounted prices, convenient shopping experience, and attractive displays. Moreover, the exponential growth in the retail channels will lead to consumers being acquainted with different types of handbags, thus increasing sales. These factors will drive the growth of the offline segment during the forecast period.

Geography overview

On the basis of geography, the global tote bags market is segmented into: Europeasia pacific, North AmaricaAnd Middle east And AfricaAnd South america. The report provides actionable insights and estimates the contribution of all regions to the growth of the global Luggage Bags market.

  • your father It will account for 33% of the market growth over the forecast period. China And Japan And Germany They are the major contributors to the handbag market revenue in the region. Moreover, the market growth in this region will be faster than the market growth in other regions. Factors such as rapid urbanization will drive the handbag market growth in the Asia Pacific region during the forecast period.

Download a report template

Global tote bag marketMarket dynamics

Leading drivers – the Personalize and customize luxury bags Leading the handbag market growth. The leading players in the market offer customized and personalized products. These products are more expensive than standard products. This is expected to drive tote bag sales. Therefore, due to these factors, the handbag market is expected to grow during the forecast period.

Main directions – the Increased demand in airport retail stores It is a major trend in the market. Most major airports have large sections dedicated to retail stores and malls. Many brands such as Samsonite and VIP have retail outlets in the domestic and international terminals of the airports. Airport retail stores can attract consumers due to the lack of quality retail space in developing countries. Such strategies will drive value sales of the global tote bag market during the forecast period.

Main Challenges – Volatility of operational costs, including labor, logistics and raw material costs, pose a challenge to the growth of the handbag market. Leather is one of the main raw materials used in the manufacture of handbags. However, the leather manufacturing process is highly regulated, which adds to its price. Manufacturers also have to bear transportation costs, including taxes, duties and fuel prices, at various steps. Because the market is so competitive, sellers cannot increase the prices of finished products, which reduces their profit margins.

Drivers, trends, and challenges influence market dynamics, which can affect a business. Find some ideas from a Sample report!

What key data does the Handbags Market report cover?

  • The compound annual growth rate of the market over the forecast period

  • Detailed information on the factors that will drive the growth of the Handbags Market between 2022 and 2026

  • Accurate estimation of the handbag market size and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behaviour

  • The growth of the cross-carrying bag market Europeasia pacific, North AmaricaAnd Middle east And AfricaAnd South america

  • Comprehensive analysis of the competitive landscape of the market and detailed information on vendors

  • Exhaustive analysis of factors that will challenge the growth of the Handbags market vendors

Get instant access to over 17,000 market research reports.

Technavio subscription platform

Related reports:

the handbag market size Brazil is expected to increase by 834.68 million US dollars From 2021 to 2026, the market growth momentum will accelerate at a compound annual growth rate of 9.26%. This report broadly covers segmentation by distribution channel (offline or online) and product type (clutches, wallets, shoulder bags, briefcases, saddlery, and handbags).

size UK handbag market It is expected to grow by 654.28 million US dollars At a compound annual growth rate of 4.48% over the forecast period of 2021 to 2026. This report broadly covers the segmentation by product (handbags, clutches, briefcases, shoulder bags, etc.) and distribution channel (offline and online).

market size of tote bags

report coverage

details

page number

141

base year

2021

forecast period

2022-2026

Growth momentum and compound annual growth rate

Acceleration at a compound annual growth rate of 6.37%

Market growth 2022-2026

7.47 billion US dollars

Market structure, market structure

Fragmented

2021-2022 Annual Growth (%)

5.29

Regional analysis

Europe, Asia Pacific, North America, Middle East, Africa and South America

market share performance

Asia Pacific by 33%

Major countries

United States, China, Japan, France, United Kingdom and Germany

Competitive scene

Top vendors, vendor positioning in the market, competitive strategies, and industry risks

Profile of the main companies

Burberry Group Plc, Capri Holdings Ltd., CHANEL Ltd., Dolce and Gabbana Srl, Double R Bags, Giorgio Armani Spa, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, PRADA Group, PVH Corp. and Ralph Lauren Corp. Ronak Industries, Samsonite International SA, Tapestry Inc. and Targus Inc. and Tods Spa, VF Corp, and VIP Industries Ltd.

Market dynamics

Key market analysis, market growth drivers and obstacles, fast-growing and slow-growing segments analysis, COVID-19 impact analysis, recovery and future consumer dynamics, market situation analysis for the forecast period.

field of customization

If our report doesn’t include the data you’re looking for, you can reach out to our analysts and customize your segments.

field of customization

If our report doesn’t include the data you’re looking for, you can reach out to our analysts and customize your segments.

Browse for Technavio’s consumer discretionary market reports

table of contents

1. Executive summary

2 market view

3 Market Sizing

4 Five Forces Analysis

5 Market segmentation by distribution channel

6 Customer perspective

7 geographical landscape

8 Motives, challenges and trends

9 landscaping seller

10 Vendor Analysis

11 Appendix

about us

Technavio is a leading global technology research and advisory firm. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With more than 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and assess their competitive positions within changing market scenarios. .

Contact
Technavio Research
Jesse Maeda
Marketing and media executive
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: media@technavio.com
website: www.technavio.com/

Global Shopping Bags Market 2022-2026

Global Shopping Bags Market 2022-2026

Cision

Cision

View original multimedia download content:https://www.prnewswire.com/news-releases/tote-bags-market-size-to-grow-by-usd-7-47-billion-from-2021-to-2026-a-descriptive-analysis- of-customer-Landscape-vendor-Evaluation-and-market-dynamics—technavio-301719035.html

Source Technavio

Leave a Comment