Handbags Market in Europe to grow at a CAGR of 3.62% over the period 2014-2019; Finds New Report

Report forecast the handbags market in Europe, in terms of revenue and volume, to grow at a CAGR of 3.62% and 3.18%, respectively, over the period 2014-2019.

The handbags market in Europe is expected to witness steady year-on-year growth. The market is driven by recovering economy, increase in disposable income as well as per-capita consumption of consumers on handbags, growing occasions of using variety of handbags, and the high demand for esthetically appealing handbags by consumers.

The handbags market in Europe can be segmented into four: shoulder bags, totes, purses and wallets, satchels and saddles. The shoulder bags was the largest segment in terms of revenue and accounted for 31.30 percent share of the market in 2014.

According to the report, rising incomes are expected to influence consumer purchasing behavior and increase consumer spending on handbags, including luxury handbags and luggage products, especially among working women. The middle-income consumer group has been growing steadily in recent years in terms of disposable income and spending on lifestyle products. Vendors in the market for handbags consider this group an important source of revenue. In addition, rising disposable incomes are also increasing the spending on travel and tourism, which in turn is driving the demand for handbags worldwide.

The Handbags Market in Europe 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 Europe 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 Europe 2015-2019:  Burberry Group, Chanel, Coach, Guccio Gucci, Hermès International, Longchamp, LVMH Moët Hennessy, Michael Kors, Mulberry Group and Prada

Other Prominent Vendors in the market are: Adidas, Aldo, Alfred Dunhill, Aspinal of London, Boconi, Bottega Veneta, Buggatti, Calvin Klein, C & J Clark International, Cambridge British Satchel, Crew Clothing, Dolce & Gabbana, Donna Karan International (DKNY), Ferrari, Fossil, French Connection, Gianni Versace, Goyard, Guess, Gerard Darel, Iconix Brand Group, Incra (Calabrese), Kenneth Cole Productions, Jerome Dreyfuss, L.Credi, La Petite Mendigote, Lipault Paris, Lulu Guinness, Mandarina Duck, McKlein, New Look Retailers, Nicole Lee, Paul Costelloe, Paul Smith, PUIG, Puma, Puntotres, Ralph Lauren, River Island, Russell & Bromley, Smythson, The Sack Avenue, TLG Brands, Vanessa Bruno and VF

Market driver

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

Market challenge

• Long product replacement cycle
• For a full, detailed list, view our report

Market trend

• E-commerce market booming in Europe
• 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 177 pages, “Handbags Market in Europe 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Overview of Luggage Market, Factors that Affect Global Luggage Market, PEST Analysis, Distribution Channels in Global Luggage Industry, Europe: Overview, Market Landscape, AP, PCC, and PCE of Handbags, Market Segmentation by Product, Market Segmentation by Material, Geographical Segmentation, 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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