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Global Leather Handbags Market Forecast to 2023; Led by Herms, Kering, LVMH, PRADA and Tapestry - ResearchAndMarkets.com

January 4, 2019

DUBLIN--(BUSINESS WIRE)--Jan 4, 2019--The “Global Leather Handbags Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The leather handbags market will grow at a CAGR of about 6% during the forecast period.

Customers seek value for money, particularly when buying an expensive product

The products of popular brands are made of superior quality leather and are highly durable. Leather remains a major style statement for end-users. The growing demand for luxury products also drives the market for leather goods.

One of the foremost factor that customers seek in a product is durability which along with strength, is an important characteristic of leather. The improvements in leather-processing technology, manufacturing capabilities and productivity, without compromising on the durability, form, stability and comfort have helped in maintaining the demand for leather handbags.

Influence of celebrity endorsements on customer purchase decisions

The fashion industry has been experiencing rapid changes and advancements over last two decades mainly owing to growing fashion- conscious population, particularly in developing in regions. In addition, endorsements and the use of fashion products by celebrities influence the customer purchase decision.

Thereat of counterfeit products

The growing numbers of counterfeit products will adversely affect the sales and pricing strategies of genuine vendors operating in the global market during our forecast period. Advertising and promotional campaigns and undertaken by vendors help in retaining and attracting customers and ensuring loyalty toward the brands and prevent users from buying counterfeit products.

Key Players

Herms Kering LVMH PRADA Tapestry

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 04: MARKET SIZING

Market definition Market sizing 2018 Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

Market segmentation by distribution channel Comparison by distribution channel Offline - Market size and forecast 2018-2023 Online - Market size and forecast 2018-2023 Market opportunity by distribution channel

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

Adoption of omnichannel retailing Growing preference for affordable luxury leather handbags Increasing demand for eco or organic leather and biofabricated leather

PART 11: VENDOR LANDSCAPE

PART 12: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors Herms Kering LVMH PRADA Tapestry

For more information about this report visit https://www.researchandmarkets.com/research/8r27dd/global_leather?w=4.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190104005356/en/

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Related Topics:Handbags, Purses and Wallets

KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST

INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES RETAIL FASHION

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/04/2019 10:35 AM/DISC: 01/04/2019 10:35 AM

http://www.businesswire.com/news/home/20190104005356/en

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