Market Overview:
The global women's handbags 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 luxury and designer handbags among women across the globe. Additionally, rising disposable income and changing lifestyle preferences are also propelling the demand for women's handbags. Based on type, the global market is segmented into canvas, leatherette, and corium segments. The canvas segment is projected to register highest CAGR during the forecast period owing to its durability and affordability as compared to other types of handbags available in the market. Based on application, age 15-25 segment is estimated to account for highest share in terms of revenue in 2018 followed by age 25-50 segment due high purchasing power of young consumers coupled with their inclination towards latest fashion trends.
Product Definition:
A handbag, also purse or pouch, is a bag that is carried by a woman. It may be worn over the shoulder or across the body.
Canvas:
Canvas is a type of cloth or material which is produced from cotton or other fibrous material. Canvas finds its major application in the manufacturing of backpacks, handbags, and suitcases. It has been observed that canvas bags are more popular among women as compared to men. The growth factor for this market may be attributed to the growing trend towards using reusable bags instead of plastic ones on account of environmental concerns and also due to high maintenance costs associated with plastic bags.
Leatherette:
Leatherette is a type of synthetic leather, which is produced from the polymerization of bio-based material. It has high tensile strength and durability along with excellent elasticity. Leatherette can be categorized as an artificial leather based on its physical properties and structure like that of natural skin. It also shares similar design characteristics with real leather such as grain, wrinkles, pores etc., but it's much cheaper to produce than real animal hide.
Application Insights:
The application segment includes age 15-25, 25-50 and other. The age 15-25 segment dominated the market in 2017 owing to increasing number of working women. Increasing awareness about fashion trends among this demographic is also expected to drive the demand for handbags during the forecast period.
The old than 50 application segment is expected to witness significant growth over the forecast period due to growing geriatric population across various regions including North America, Europe and Asia Pacific which increases spending capacity of individuals above 60 years of age group. This demographic prefers using handbags as traveling companion which will further boost industry growth over next seven years.
Increasing disposable income owing to rising employment rate among women aged 30 years.
Regional Analysis:
Asia Pacific dominated the global women's handbags market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing disposable income and changing lifestyles of consumers. Furthermore, rising demand for luxury products in emerging economies such as China and India will drive regional growth. Increasing consumer preference towards travel bags due to their functionality is also anticipated to boost industry expansion over the coming years.
North America accounted for a major share of revenue generated by Asia Pacific region in 2017, owing to high product demand from U.S.
Growth Factors:
- Increasing disposable income of women: The increasing disposable income of women is one of the key growth drivers for the global women's handbags market. With more money in their pockets, women are increasingly spending on luxury items such as handbags.
- Changing fashion trends: Handbags are considered as an important accessory in today's fashion-conscious world. Hence, changing fashion trends play a significant role in driving the growth of the global women's handbags market.
- Growing demand from emerging markets: The demand for luxury handbags is growing rapidly from emerging markets such as China and India due to rising levels of consumerism and increasing purchasing power among middle-class consumers in these regions.
- Proliferation of online retailing: Online retailing is witnessing rapid growth across the globe, with a large number of consumers preferring to buy products such as handbags online owing to convenience and wider choice offered by e-commerce websites/apps . This is aiding the growth prospects of the globalwomen'shandbagsmarket . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Women's Handbags Market Research Report
By Type
Canvas, Leatherette, Corium
By Application
Age 15-25, Age 25-50, Old Than 50, Others
By Companies
Dior, LVMH, Coach, Kering, Prada, Michael Kors, Hermes, Chanel, Richemont Group, Kate Spade, Dior, Tory Burch, Septwolves, Fion, Goldlion, Wanlima, Phillip Lim, The Chanel, Givenchy, LV, Proenza
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Women's Handbags Market Report Segments:
The global Women's Handbags market is segmented on the basis of:
Types
Canvas, Leatherette, Corium
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
Age 15-25, Age 25-50, Old Than 50, Others
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:
- Dior
- LVMH
- Coach
- Kering
- Prada
- Michael Kors
- Hermes
- Chanel
- Richemont Group
- Kate Spade
- Dior
- Tory Burch
- Septwolves
- Fion
- Goldlion
- Wanlima
- Phillip Lim
- The Chanel
- Givenchy
- LV
- Proenza
Highlights of The Women's Handbags 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:
- Canvas
- Leatherette
- Corium
- By Application:
- Age 15-25
- Age 25-50
- Old Than 50
- Others
- 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 Women's Handbags 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?
Women's handbags are a type of bag designed for women. They are typically smaller and lighter than men's bags, and often have different features that make them more suited to women's needs. Common features include pockets that can hold smaller items, straps that distribute the weight evenly, and designs that are more feminine.
Some of the major players in the women's handbags market are Dior, LVMH, Coach, Kering, Prada, Michael Kors, Hermes, Chanel, Richemont Group, Kate Spade, Dior, Tory Burch, Septwolves, Fion, Goldlion, Wanlima, Phillip Lim, The Chanel, Givenchy, LV, Proenza.
The women's handbags market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Women's Handbags 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 Women's Handbags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Women's Handbags 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 Women's Handbags 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 Women's Handbags Market Size & Forecast, 2020-2028
4.5.1 Women's Handbags Market Size and Y-o-Y Growth
4.5.2 Women's Handbags Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Canvas
5.2.2 Leatherette
5.2.3 Corium
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Age 15-25
6.2.2 Age 25-50
6.2.3 Old Than 50
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Women's Handbags 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 Women's Handbags 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Canvas
9.6.2 Leatherette
9.6.3 Corium
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 Market Size Forecast by Applications
9.10.1 Age 15-25
9.10.2 Age 25-50
9.10.3 Old Than 50
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Canvas
10.6.2 Leatherette
10.6.3 Corium
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 Market Size Forecast by Applications
10.10.1 Age 15-25
10.10.2 Age 25-50
10.10.3 Old Than 50
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Canvas
11.6.2 Leatherette
11.6.3 Corium
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 Market Size Forecast by Applications
11.10.1 Age 15-25
11.10.2 Age 25-50
11.10.3 Old Than 50
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Canvas
12.6.2 Leatherette
12.6.3 Corium
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 Market Size Forecast by Applications
12.10.1 Age 15-25
12.10.2 Age 25-50
12.10.3 Old Than 50
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Canvas
13.6.2 Leatherette
13.6.3 Corium
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) Market Size Forecast by Applications
13.10.1 Age 15-25
13.10.2 Age 25-50
13.10.3 Old Than 50
13.10.4 Others
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 Women's Handbags Market: Competitive Dashboard
14.2 Global Women's Handbags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dior
14.3.2 LVMH
14.3.3 Coach
14.3.4 Kering
14.3.5 Prada
14.3.6 Michael Kors
14.3.7 Hermes
14.3.8 Chanel
14.3.9 Richemont Group
14.3.10 Kate Spade
14.3.11 Dior
14.3.12 Tory Burch
14.3.13 Septwolves
14.3.14 Fion
14.3.15 Goldlion
14.3.16 Wanlima
14.3.17 Phillip Lim
14.3.18 The Chanel
14.3.19 Givenchy
14.3.20 LV
14.3.21 Proenza
