Handbags market in the US to grow at CAGRs of 5.90% over the period 2014-2019; Finds New Report

Report forecast the Handbags market in the US, in terms of revenue and volume, to grow at CAGRs of 5.90 percent and 5.29 percent, respectively, over the period 2014-2019.

The Handbags market in the US is witnessing steady growth and is expected to grow at a steady rate during the forecast period. The demand for handbags is rising in the US with the growing demand for affordable luxury handbags coupled with the onset of brands such as Michael Kors, Kate Spade, Marc Jacobs, Ralph Lauren, Coach, and Tory Burch. The arrival of numerous brands and their easy availability through retail stores and online retail channels increased the demand for handbags among consumers in the US. The Handbags market in the US was dominated by Purses and Wallet segment in 2014 in terms of revenue and volume.

The Handbags market in the US can be segmented into four: Totes, Shoulder Bags, Purses and Wallets, Satchels and Saddles. The Totes was the largest segment in terms of revenue and accounted for approximately 30 percent of the market in 2014.

According to the report, online retailing is another key reason for the high consumption and sales of handbags in the country. Internet penetration is increasing in the US and is fueling demand for e-commerce. Aggressive marketing, pricing, and customer acquisition tactics are driving sales through e-commerce in the US.

Further, the report states that a major challenge faced by the market is the increased competition from local brands. The easy availability of a number of cheap handbag brands in the market is leading to market fragmentation, resulting in lack of price standardization, uneven competitive scenario, and market share erosion.

The Handbags Market in the US 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 the US and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key players in the Handbags Market in the US: Burberry Group plc, Chanel SA, Coach Inc., Hermès International SA, Kate Spade, LVMH, Michael Kors, Mulberry, PRADA, Ralph Lauren and Tory Burch

Other Prominent Vendors in the market are: Actual, Artifact Bag, AU, BAGGU, BAGSTIL, Blair Ritchey, Brynn Capella, Burrow & Hive, Calleen Cordero, cinda b, Holly Aiken, ITZALULU, J.W. Hulme, LexiWynn, Lola Falk, MaddyMoo, Merci-Fortune, Michelle Vale, Noubar, Oak73, Rebecca Ray Designs, SEA BAGS, Stone Mountain, The Frye, Tori Nicole and Victoria Leather

Market Driver

• Increased Adoption through Online Channel
• For a full, detailed list, view our report

Market Challenge

• Increasing Competition from Local Brands and Counterfeit Products
• For a full, detailed list, view our report

Market Trend

• Growing Disposable Income
• 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 200 pages, “Handbags Market in the US 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Overview of Luggage Market, Factors that Affect Global Luggage Market, PEST Analysis, Distribution Channels in Global Luggage Industry, Introduction, Country Profile: US, Market Landscape, Market Segmentation by Products, Market Segmentation by Category, Market Segmentation by Distribution Channel, 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.

For further information on this report, please visit- http://mrr.cm/4g9

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