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Luxury Handbag Market Research Report by Type, by Material, by Gender, by Distribution - Global Forecast to 2025 - Cumulative Impact of COVID-19

·6-min read

Luxury Handbag Market Research Report by Type (Bucket Bags, Clutches & Evening Bags, Crossbody Bags, Hobo Bags, and Satchels), by Material (Cotton, Leather, Nylon, and Synthetic), by Gender, by Distribution - Global Forecast to 2025 - Cumulative Impact of COVID-19

New York, May 31, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Luxury Handbag Market Research Report by Type, by Material, by Gender, by Distribution - Global Forecast to 2025 - Cumulative Impact of COVID-19" - https://www.reportlinker.com/p05912837/?utm_source=GNW

Market Statistics:
The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. This helps organization leaders make better decisions when currency exchange data is readily available.

1. The Global Luxury Handbag Market is expected to grow from USD 56,262.33 Million in 2020 to USD 70,822.12 Million by the end of 2025.
2. The Global Luxury Handbag Market is expected to grow from EUR 49,331.88 Million in 2020 to EUR 62,098.18 Million by the end of 2025.
3. The Global Luxury Handbag Market is expected to grow from GBP 43,856.14 Million in 2020 to GBP 55,205.41 Million by the end of 2025.
4. The Global Luxury Handbag Market is expected to grow from JPY 6,004,616.32 Million in 2020 to JPY 7,558,515.10 Million by the end of 2025.
5. The Global Luxury Handbag Market is expected to grow from AUD 81,700.38 Million in 2020 to AUD 102,843.14 Million by the end of 2025.

Market Segmentation & Coverage:
This research report categorizes the Luxury Handbag to forecast the revenues and analyze the trends in each of the following sub-markets:

"The Clutches & Evening Bags is projected to witness the highest growth during the forecast period"

Based on Type, the Luxury Handbag Market studied across Bucket Bags, Clutches & Evening Bags, Crossbody Bags, Hobo Bags, Satchels, Shoulder Bags, and Tote Bags & Shoppers. The Clutches & Evening Bags commanded the largest size in the Luxury Handbag Market in 2020, and it is expected to grow at the fastest CAGR during the forecast period.

"The Leather is projected to witness the highest growth during the forecast period"

Based on Material, the Luxury Handbag Market studied across Cotton, Leather, Nylon, and Synthetic. The Leather commanded the largest size in the Luxury Handbag Market in 2020, and it is expected to grow at the fastest CAGR during the forecast period.

"The Women is projected to witness the highest growth during the forecast period"

Based on Gender, the Luxury Handbag Market studied across Men and Women. The Women commanded the largest size in the Luxury Handbag Market in 2020, and it is expected to grow at the fastest CAGR during the forecast period.

"The Online Channels is projected to witness the highest growth during the forecast period"

Based on Distribution, the Luxury Handbag Market studied across Department Stores, Online Channels, and Retailer. The Retailer commanded the largest size in the Luxury Handbag Market in 2020. On the other hand, the Online Channels is expected to grow at the fastest CAGR during the forecast period.

"The Asia-Pacific is projected to witness the highest growth during the forecast period"

Based on Geography, the Luxury Handbag Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded the largest size in the Luxury Handbag Market in 2020. On the other hand, the Asia-Pacific is expected to grow at the fastest CAGR during the forecast period.

Company Usability Profiles:
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Luxury Handbag Market including 3.1 Phillip Lim, Atelier, Burberry Group PLC, Cartier International SNC, Chanel S.A., Derek Alexander, Dolce & Gabbana S.R.L., Giorgio Armani S.P.A., Guccio Gucci S.p.A., Hermès International S.A., Louis Vuitton Malletier SAS, Prada S.P.A., Proenza Schouler, PVH Corp., Ralph Lauren Corporation, Rebecca Minkoff, and Stella McCartney.

Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.

FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Luxury Handbag Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments

The report answers questions such as:
1. What is the market size and forecast of the Global Luxury Handbag Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Luxury Handbag Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Luxury Handbag Market?
4. What is the competitive strategic window for opportunities in the Global Luxury Handbag Market?
5. What are the technology trends and regulatory frameworks in the Global Luxury Handbag Market?
6. What are the modes and strategic moves considered suitable for entering the Global Luxury Handbag Market?
Read the full report: https://www.reportlinker.com/p05912837/?utm_source=GNW

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