Luxury Handbag Market by — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

1. Global Luxury Handbag Market by Product Types, Distribution Channels, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By

2. Globalluxury handbag market was valued at USD 58.3 billion in 2019 and is expected to reach USD 89.9 billion by 2026, expanding at a CAGR of around 5.6% during the forecast period, 2020–2026. Increase in per capita income and emphasis on superior quality & exclusivity of luxury handbag products is a major driving factor that is propelling the growth of the market. Request for sample@https://dataintelo.com/request-sample/?reportId=41160

3. Market Drivers, Restraints, Opportunities, and Trends: • Increasing working women population in European region is a major driving force which is fueling the growth of the market. • Brand image improvement and rising customer base is boosting the market growth due to the increasing adoption of different marketing startegies by luxury handbag manufacturers. • The luxury handbag market is not that prominent in developing countries, which can be a restraining factor that can hinder the growth of the market. • Increasing penetration in the emerging economies of North America and Asia Pacific region are boosting the growth of the market • Adoption of online web platform by most of the companies to provide relevant information to customers is set to provide high opportunities in the growth of the market.

4. Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=41160 Competitive Landscape: Major companies in the global luxury handbag market include LVMH, Furla SpA, Longchamp, Luxottica Group, Mulberry Group, Vera Bradley, Guccio Gucci S.p.A, Samsonite International S.A./Tumi brand, Valentino S.p.A., and ZV France SAS. The market is moderately fragmented with many players occupying the market share with cut throat competition. Manny innovations along with major mergers & acquisitions have proven to be vital in the growth of the market. Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=41160

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