The Global Luxury Bags market size is projected to grow at a steady CAGR during the forecast period. The market for Luxury Bags is growing majorly due to the increasing disposable income and the rising population of working women. However, the presence of replica copies of Luxury Bags in the market is major hindrance to the growth of the global Luxury Bags industry.
In terms of type, the market for Luxury Bags is categorized into Handbag, Backpack, Wallet, Clutched and others. Among all the types, the handbag category accounted for majority of the global Luxury Bags industry in 2022. In terms of distribution channel, the market for Luxury Bags is categorized into Online and Offline. The offline channel accounted for majority of the global Luxury Bags market in 2022.
Talking into an account of geographical landscape, the global market for Luxury Bags was the largest in Europe in 2022 and it is predicted to remain as the largest market throughout the forecast period as well. The European Luxury Bags industry accounted for more than 30% of the global market in 2022. However, the Asia-Pacific region is predicted to be the fastest growing region during the forecast period. The growth of the Asia-Pacific Luxury Bags market is majorly attributable to the increasing spending capacities of the people and the changing fashion trends in the region.
Some of the leading players in the Global Luxury Bags Market are
Years considered for this report
Historical Years2018–2021
Base Year2022
Estimated Year2023
Forecast Period2024–2028
Objective of the Study
- To analyse and forecast the market size of Global Luxury Bags Market, in terms of value & volume.
- To classify and forecast Global Luxury Bags Market based on type, material, gender, distribution channel and regional distribution.
- To identify drivers and challenges for Global Luxury Bags Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in Global Luxury Bags Market.
- To conduct the pricing analysis for Global Luxury Bags Market.
- To identify and analyse the profile of leading players involved in the Global Luxury Bags Market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of Global
Key Target Audience
- Manufacturers of Luxury Bags
- Suppliers and distributors
- End consumers
- Industry associations and experts
- Research organizations and consulting companies
- Market research firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type · Material · Gender · Distribution Channel |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
| Key Companies Profiled | Loeffler Randall, Inc., Macy’s Inc., Michael Kors Holdings Limited, The Lacoste Group, Kate Spade, Giorgio Armani S.p.A., PVH Corp. (Calvin Klein), Chloé, Furla, Ganni A/S. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
