Luxury Handbags Market Size to grow by USD 16.90 Bn | Design And Material Innovation Leading To Product Premiumization to Boost Market Growth | 17,000+ Technavio Research Reports
Key Market Dynamics:
The design and material innovation leading to product premiumization and the high influence of celebrity endorsements on purchase decisions are some of the key market drivers. However, factors such as the presence of counterfeit products will challenge market growth.
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The luxury handbags market report is segmented by distribution Channel (Offline and Online) and geography (Europe, North America, APAC, South America, and MEA). Europe will be the leading region with 32% of the market’s growth during the forecast period. France, the UK, and Italy are the key markets for luxury handbags in Europe.
View our sample report for additional insights into the contribution of all the segments and regional growth.
Some Companies Mentioned
Accelerate at a CAGR of almost 5.60%
Europe, North America, APAC, South America, and MEA
US, China, France, Italy, UK, and Japan
Leading companies, competitive strategies, consumer engagement scope
Burberry Group Plc, CHANEL Ltd., Compagnie Financiere Richemont SA, Dolce & Gabbana Srl, Hermes International, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, PRADA Group, Ralph Lauren Corp., and Tapestry Inc.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
Customization purview
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Key Topics Covered:
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