Leather Handbags Market | Market Highlights and Insights to Recovery from COVID-19

Burberry Group Plc, Capri Holdings Ltd., Guess? Inc., H & M Hennes & Mauritz AB, Hermès International, Kering SA, LVMH Moet Hennessy - Louis Vuitton are among the key vendors discussed

The Global leather handbags market is expected to grow by $ 8.28 billion, accelerating at a CAGR of almost 5% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Leather Handbags Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• Market is segmented Distribution Channel (Offline and Online) and Geography (APAC, Europe, North America, South America, and MEA).
• In terms of geographic segmentation we found that 37% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Leather Handbags Market size.

Leather Handbags Market: Top Trends, Drivers, Challenges to drive Market Recovery

Our report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.

• Celebrity endorsement will be a significant factor in driving the growth of the Leather Handbags Market.
• Product premiumization is another key factor that will drive market growth.
• Rising labor costs and fluctuating raw material prices are challenges that needs to be overcome to persist on the path to growth and recovery from the impact of the pandemic. However, smart business practices and automation of some processes will help to mitigate these issues.

Leather Handbags Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• Burberry Group Plc, Capri Holdings Ltd., Guess? Inc., H & M Hennes & Mauritz AB, Hermès International, Kering SA, LVMH Moet Hennessy - Louis Vuitton, PRADA Group, PVH Corp., and Tapestry Inc. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Browse through some of other related market research reports for more insights:

• Handbags Market in India: The handbags market in India will post an incremental growth of $ 207.51 million, progressing at a CAGR of almost 5% during the forecast period.
• Tote Bags Market: Tote bags market is set to post an incremental growth of $ 5.85 billion during 2021-2025. The market will progress at a CAGR of almost 5.54% during the forecast period.
• School Bags Market: Accelerating at a CAGR of 5.65%, the Global School bags market is expected to grow by $ 3.77 billion during the forecast period.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of almost 5%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 8.28 bn through 2021-2025.
    
3. What is a key factor driving this market?
   increasing endorsement of product premiumization will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   37% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Burberry Group Plc, Capri Holdings Ltd., Guess? Inc., H & M Hennes & Mauritz AB, Hermès International, Kering SA, LVMH Moet Hennessy - Louis Vuitton, PRADA Group, PVH Corp., and Tapestry Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Distribution Channel (Offline and Online) and Geography (APAC, Europe, North America, South America, and MEA)