Handbags Market in China to grow at a CAGR of 7.76% over the period 2014-2019; Finds New Report

Report forecast the Handbags market in China in terms of revenue and volume grow at CAGRs of 7.76 percent and 6.28 percent, respectively, over the period 2014-2019.

The Handbags market in China is expected to witness high year-on-year growth during the forecast period. The market is driven by the growing economy, rise in middle-class population, and interim increase in disposable income as well as per capita consumption of consumers on handbags, gifting traditions, and the high demand for fashion goods.

The Handbags market in China can be segmented into four: Totes, Shoulder Bags, Purses and Wallets, Satchels and Saddles. The Shoulder Bags was the largest segment in terms of revenue and accounted for 35.30 percent share of the market in 2014.

According to the report, China is one of the fastest developing countries in the world and, hence, is experiencing rapid economic growth. With money flowing into the economy, the income of the people is rising, thereby increasing their purchasing power and the consumption of various goods.

Further, the report states that one of the main challenges hindering the growth of the market is the increasing competition from counterfeit or fake products.

The Handbags Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the Handbags market in China and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key players in Handbags Market in China 2015-2019: Burberry Group plc, Chanel SA, Christian Dior SA (Couture), Coach Inc, Guccio Gucci SpA, Hermès International SA, LVMH Moët Hennessy, Michael Kors (USA) Inc, Mulberry Group plc and Prada SpA

Other Prominent Vendors in the market are: Adidas, Aldo, Alfred Dunhill, Boconi, Bottega Veneta, Buggatti, Calvin Klein, C & J Clark International, Cambridge British Satchel Company, Changshu Maydiang, Group, Dolce & Gabbana, Donna Karan International (DKNY), Ferrari,Fossil, Gianni Versace, Goyard, Guess, Gerard Darel, Iconix Brand Group, Incra srl (Calabrese), Jerome Dreyfuss, Kenneth Cole Productions, L.Credi Lipault Paris, Longchamp, Mandarina Duck, McKlein, New Look Retailers, Nicole Lee, Paul Costelloe, Paul Smith, Powerland Group, PUIG, Puma, Ralph Lauren, River Island, Russell & Bromley, Smythson, TLG Brands, Vanessa Bruno and VF

Market Driver

• Economic Development
• For a full, detailed list, view our report

Market Challenge

• Competition Due to Availability of Counterfeit Products
• For a full, detailed list, view our report

Market Trend

• Growing E-commerce in China
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 171 pages, “Handbags Market in China 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Luggage Industry-Overview, Factors that Affect Global Luggage Market, PEST Analysis, Distribution Channels in Luggage Industry, China: An Overview, Market Landscape, AP, PCC, and PCE of Handbags, Market Segmentation by Product, Market Segmentation by Material, Market Segmentation by Distribution, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

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