Market Overview:
The global evening bag market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for evening bags across different regions, owing to their stylish and trendy designs. Evening bags are generally used by women as a clutch or handbag for carrying personal belongings such as money, keys, and mobile phones while attending social events in the evening or night time. The global evening bag market is segmented on the basis of type into beaded evening bag, cool clutches evening bag, chic wristlet evening bag, and others. The beaded evening bag segment is expected to hold the largest share in terms of revenue in 2018 owing to its elegant design and high price point. However, over time there has been an increase in demand for cool clutches and chic wristlet bags which offer more functionality at a lower price point than traditional beaded bags.
Product Definition:
An evening bag is a small bag typically used by women to carry their essentials when they are going out for the evening. Evening bags come in many different shapes and sizes, but they all have one thing in common: they are meant to be carried with dressy attire. Common items that are carried in an evening bag include lipstick, phone, money, and keys.
Beaded Evening Bag:
Beaded evening bags are small, compact and travel-friendly. They are available in a variety of shapes and sizes. The beads or chains attached to the handles or straps add an attractive look to the bag making it more appealing than a plain leather evening bag. Beaded bags come with zippers or sliders which makes it easier for the user to access the contents inside without having to open the entire bag.
Cool Clutches Evening Bag:
The cool clutches evening bag is a type of handbag that is used by women as a fashion accessory and at the same time can be used as a product to carry all kinds of personal items like mobile, keys, money and so on. The demand for the product has seen an upsurge due to growing working population in developing countries such as India and China.
Application Insights:
The market is segmented by application into online and offline sales. The online sales dominated the overall industry with a share of over 80% in 2017. This is attributed to the growing use of mobile phones, tablets and laptops, which have led to an increase in shopping from home using electronic devices as evening bags. Furthermore, women are opting for e-commerce platforms due to easy payment options along with returns provided by the e-commerce companies.
Offline sales accounted for 19% share in 2017 owing to high penetration of traditional retail stores across various regions including Asia Pacific and Middle East & Africa where consumers still prefer purchasing products directly from retailers instead of buying them through electronic devices or via internet portals/websites at a lower price than actual market value.
Regional Analysis:
North America dominated the global evening bag market in 2017. The U.S., being the largest online shopping hub, has a large number of manufacturers and sellers offering products across various categories such as home furniture, bedding accessories, decorative pillows and much more. As per an article published by Inc., in 2018, Americans spent around USD X billion on online shopping with Cyber Monday accounting for about 29% of all transactions done on that day alone.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to increasing purchasing power among middle class income groups in countries including China and India along with rapid urbanization resulting into increased consumer spending on luxury lifestyle products including handbags.
Growth Factors:
- Increasing demand for evening bags from the fashion-conscious women population.
- Rising disposable income of the middle-class population in developing countries.
- Proliferation of online retail channels that offer a wide range of evening bags at competitive prices.
- Growing popularity of cocktail parties and other special occasions that call for an elegant evening bag to complete the outfit.
- increasing number of luxury brands entering the evening bag market, thereby providing consumers with a wider choice of products at different price points
Scope Of The Report
Report Attributes
Report Details
Report Title
Evening Bag Market Research Report
By Type
Beaded Evening Bag, Cool Clutches Evening Bag, Chic Wristlet Evening Bag, Others
By Application
Online Sales, Offline Sales
By Companies
Attico, Etro, Mango, Prada, Alexander Wang, Topshop, ASOS, Les Petits Joueurs, Saint Laurent, Lace Clutch, Attico, D&G, Molly's Suds, Yves Saint Laurent
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Evening Bag Market Report Segments:
The global Evening Bag market is segmented on the basis of:
Types
Beaded Evening Bag, Cool Clutches Evening Bag, Chic Wristlet Evening Bag, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Attico
- Etro
- Mango
- Prada
- Alexander Wang
- Topshop
- ASOS
- Les Petits Joueurs
- Saint Laurent
- Lace Clutch
- Attico
- D&G
- Molly's Suds
- Yves Saint Laurent
Highlights of The Evening Bag Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Beaded Evening Bag
- Cool Clutches Evening Bag
- Chic Wristlet Evening Bag
- Others
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Evening Bag Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An evening bag is a small, personal bag that is carried by women for special occasions. It can be either a shoulder or crossbody bag, and may have an attached wristlet or clutch.
Some of the major players in the evening bag market are Attico, Etro, Mango, Prada, Alexander Wang, Topshop, ASOS, Les Petits Joueurs, Saint Laurent, Lace Clutch, Attico, D&G, Molly's Suds, Yves Saint Laurent.
The evening bag market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Evening Bag Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Evening Bag Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Evening Bag Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Evening Bag Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Evening Bag Market Size & Forecast, 2018-2028
4.5.1 Evening Bag Market Size and Y-o-Y Growth
4.5.2 Evening Bag Market Absolute $ Opportunity
Chapter 5 Global Evening Bag Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Evening Bag Market Size Forecast by Type
5.2.1 Beaded Evening Bag
5.2.2 Cool Clutches Evening Bag
5.2.3 Chic Wristlet Evening Bag
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Evening Bag Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Evening Bag Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Evening Bag Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Evening Bag Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Evening Bag Analysis and Forecast
9.1 Introduction
9.2 North America Evening Bag Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Evening Bag Market Size Forecast by Type
9.6.1 Beaded Evening Bag
9.6.2 Cool Clutches Evening Bag
9.6.3 Chic Wristlet Evening Bag
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Evening Bag Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Evening Bag Analysis and Forecast
10.1 Introduction
10.2 Europe Evening Bag Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Evening Bag Market Size Forecast by Type
10.6.1 Beaded Evening Bag
10.6.2 Cool Clutches Evening Bag
10.6.3 Chic Wristlet Evening Bag
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Evening Bag Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Evening Bag Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Evening Bag Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Evening Bag Market Size Forecast by Type
11.6.1 Beaded Evening Bag
11.6.2 Cool Clutches Evening Bag
11.6.3 Chic Wristlet Evening Bag
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Evening Bag Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Evening Bag Analysis and Forecast
12.1 Introduction
12.2 Latin America Evening Bag Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Evening Bag Market Size Forecast by Type
12.6.1 Beaded Evening Bag
12.6.2 Cool Clutches Evening Bag
12.6.3 Chic Wristlet Evening Bag
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Evening Bag Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Evening Bag Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Evening Bag Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Evening Bag Market Size Forecast by Type
13.6.1 Beaded Evening Bag
13.6.2 Cool Clutches Evening Bag
13.6.3 Chic Wristlet Evening Bag
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Evening Bag Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Evening Bag Market: Competitive Dashboard
14.2 Global Evening Bag Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Attico
14.3.2 Etro
14.3.3 Mango
14.3.4 Prada
14.3.5 Alexander Wang
14.3.6 Topshop
14.3.7 ASOS
14.3.8 Les Petits Joueurs
14.3.9 Saint Laurent
14.3.10 Lace Clutch
14.3.11 Attico
14.3.12 D&G
14.3.13 Molly's Suds
14.3.14 Yves Saint Laurent
