Leather Handbags Market by Distribution Channel, Type, and Geography - Forecast and Analysis 2023-2027

According to Technavio, the global leather handbags market size is estimated to grow by USD 8.5 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 4.84%. Moreover, the growth momentum will accelerate. APAC will account for 32% of the market's growth during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report

 Technavio has announced its latest market research report titled Global Leather Handbags Market 2023-2027

 

Leather handbags market - Five forces
The global leather handbags market is fragmented, and the five forces analysis covers– 

 

Bargaining power of buyers The threat of new entrantsThreat of rivalryBargaining power of suppliersThreat of substitutesFor an interpretation of Porter's five forces model – Buy the report!

Leather handbags market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Leather handbags market - Segmentation assessment

Segment overview
Technavio has segmented the market based on distribution channel (offline and online), type (shoulder bags, satchel bags, tote bags, and sling bags). 

The offline segment will account for a significant share of the market's growth during the forecast period. This channel generates revenue from the sales of products through specialty stores, including exclusive brand stores, multi-brand stores, apparel stores, factory outlets, airport retail stores, and personal goods stores; hypermarkets, supermarkets, convenience stores, and clubhouse stores; and department stores. Department stores and specialty stores are the largest revenue contributors through offline channels. Brands are expanding their presence globally by establishing new stores in prominent markets such as North America and Europe. Such strategies are expected to drive sales growth through offline stores during the forecast period.

Geography overview
Based on geography, the global leather handbags market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global leather handbags market.

APAC is estimated to account for 32% of the growth of the global market during the forecast period. China, South Korea, Japan, and India are the key countries in this region. The growth of the market is attributed to factors such as the rise in awareness and the increase in demand for fashion products. The increasing target population (15-64 years) and the rising disposable income will also drive the demand for leather handbags, including premium and luxury handbags.

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Global leather handbags market – Market dynamics
Key factor driving market growth

The influence of celebrity endorsements on customer purchase decisions is driving market growth.Celebrity endorsement is a popular marketing tool used by vendors, which helps build their brand image and increase product awareness.Vendors sign multi-year endorsement agreements with well-known celebrities to enhance their brand value.For instance, Selena Gomez and Michael B. Jordan are brand ambassadors for Coach, a brand by Tapestry Inc.Customer engagement programs through offline and online channels help increase awareness.Vendors can promote their products at a minimal cost with the growing internet penetration and the success of social media campaigns.These factors will fuel the growth of the market during the forecast

Leading trends influencing the market 

The introduction of different leather varieties is a key trend in the market.The demand for leather tanned from exotic animals has increased during the last few years.These handbags are considered expensive, and most of their demand comes from high-profile vendors.These factors will propel the value sales of leather handbags, which, in turn, will support the market growth during the forecast period.

Major challenges hindering the market growth

Rising labor costs and fluctuating raw material prices are challenging the leather handbags market growth.Leather manufacturing includes several steps, such as procurement, processing, and tanning or synthesizing.However, various governments have imposed regulations on manufacturing, which increases the price of leather.Labor costs in countries such as China, Indonesia, Bangladesh, and Vietnam, where manufacturing facilities of various international brands are located, have grown rapidly over the last decade.This increases the production of vendors, thereby lowering their profit margins.These factors will impede the market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this leather handbags market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the leather handbags market between 2023 and 2027Precise estimation of the size of the leather handbags market and its contribution to the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the leather handbags market across APAC, North America, Europe, South America, and Middle East and AfricaA thorough analysis of the market's competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of leather handbags market vendors

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Related Reports:

The leather goods market is estimated to grow at a CAGR of 6.24% between 2022 and 2027. The size of the market is forecasted to increase by USD 90.98 billion. This report extensively covers market segmentation by product (footwear, LBWP, and others), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The leather and allied products market size is expected to increase by USD 138.82 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.59%. This report extensively covers segmentation by product (footwear, luggage, bags, wallets, and purses, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

Leather Handbags Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.84%

Market growth 2023-2027

USD 8.5 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.62

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 32%

Key countries

US, China, Germany, UK, and France

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Alexander McQueen Trading Ltd., Burberry Group Plc, Capri Holdings Ltd., Cole Haan International B.V., CraftShades, Dooney and Bourke Inc., Fossil Group Inc., Guess Inc, Hennes and Mauritz AB, Hermes International SA, Hidesign, Kering SA, Lefty Production Co., LVMH Moet Hennessy Louis Vuitton SE, Prada Spa, Stefano Ricci S.p.A., Steven Madden Ltd, Tapestry Inc., Ted Baker PLC, and River Light V L.P.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents

1 Executive Summary

1.1 Market overview Exhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by Distribution ChannelExhibit 06: Executive Summary – Chart on Market Segmentation by TypeExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem Exhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global leather handbags market 2017 - 2021Exhibit 18: Historic Market Size – Data Table on Global leather handbags market 2017 - 2021 ($ billion)4.2 Distribution Channel Segment Analysis 2017 - 2021Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)4.3 Type Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary Exhibit 23: Five forces analysis - Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalry Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market condition Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

6.1 Market segments Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)6.2 Comparison by Distribution Channel Exhibit 32: Chart on Comparison by Distribution ChannelExhibit 33: Data Table on Comparison by Distribution Channel6.3 Offline - Market size and forecast 2022-2027Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ billion)Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)6.4 Online - Market size and forecast 2022-2027Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ billion)Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ billion)Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Distribution ChannelExhibit 42: Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Type

7.1 Market segments Exhibit 43: Chart on Type - Market share 2022-2027 (%)Exhibit 44: Data Table on Type - Market share 2022-2027 (%)7.2 Comparison by Type Exhibit 45: Chart on Comparison by TypeExhibit 46: Data Table on Comparison by Type7.3 Shoulder bags - Market size and forecast 2022-2027Exhibit 47: Chart on Shoulder bags - Market size and forecast 2022-2027 ($ billion)Exhibit 48: Data Table on Shoulder bags - Market size and forecast 2022-2027 ($ billion)Exhibit 49: Chart on Shoulder bags - Year-over-year growth 2022-2027 (%)Exhibit 50: Data Table on Shoulder bags - Year-over-year growth 2022-2027 (%)7.4 Satchel bags - Market size and forecast 2022-2027Exhibit 51: Chart on Satchel bags - Market size and forecast 2022-2027 ($ billion)Exhibit 52: Data Table on Satchel bags - Market size and forecast 2022-2027 ($ billion)Exhibit 53: Chart on Satchel bags - Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on Satchel bags - Year-over-year growth 2022-2027 (%)7.5 Tote bags - Market size and forecast 2022-2027Exhibit 55: Chart on Tote bags - Market size and forecast 2022-2027 ($ billion)Exhibit 56: Data Table on Tote bags - Market size and forecast 2022-2027 ($ billion)Exhibit 57: Chart on Tote bags - Year-over-year growth 2022-2027 (%)Exhibit 58: Data Table on Tote bags - Year-over-year growth 2022-2027 (%)7.6 Sling bags - Market size and forecast 2022-2027Exhibit 59: Chart on Sling bags - Market size and forecast 2022-2027 ($ billion)Exhibit 60: Data Table on Sling bags - Market size and forecast 2022-2027 ($ billion)Exhibit 61: Chart on Sling bags - Year-over-year growth 2022-2027 (%)Exhibit 62: Data Table on Sling bags - Year-over-year growth 2022-2027 (%)7.7 Market opportunity by Type Exhibit 63: Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 65: Chart on Market share by geography 2022-2027 (%)Exhibit 66: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 67: Chart on Geographic comparisonExhibit 68: Data Table on Geographic comparison9.3 APAC - Market size and forecast 2022-2027Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)9.4 North America - Market size and forecast 2022-2027Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)9.5 Europe - Market size and forecast 2022-2027Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)9.6 South America - Market size and forecast 2022-2027Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion)Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion)Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)9.8 US - Market size and forecast 2022-2027Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)9.9 China - Market size and forecast 2022-2027Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)9.10 Germany - Market size and forecast 2022-2027Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)9.11 UK - Market size and forecast 2022-2027Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ billion)Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ billion)Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)9.12 France - Market size and forecast 2022-2027Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ billion)Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ billion)Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 110: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscape Exhibit 111: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruption Exhibit 112: Overview on factors of disruption11.4 Industry risks Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered Exhibit 114: Vendors covered12.2 Market positioning of vendors Exhibit 115: Matrix on vendor position and classification12.3 Alexander McQueen Trading Ltd. Exhibit 116: Alexander McQueen Trading Ltd. - OverviewExhibit 117: Alexander McQueen Trading Ltd. - Product / ServiceExhibit 118: Alexander McQueen Trading Ltd. - Key offerings12.4 Burberry Group Plc Exhibit 119: Burberry Group Plc - OverviewExhibit 120: Burberry Group Plc - Business segmentsExhibit 121: Burberry Group Plc - Key offeringsExhibit 122: Burberry Group Plc - Segment focus12.5 Capri Holdings Ltd. Exhibit 123: Capri Holdings Ltd. - OverviewExhibit 124: Capri Holdings Ltd. - Business segmentsExhibit 125: Capri Holdings Ltd. - Key newsExhibit 126: Capri Holdings Ltd. - Key offeringsExhibit 127: Capri Holdings Ltd. - Segment focus12.6 Cole Haan International B.V. Exhibit 128: Cole Haan International B.V. - OverviewExhibit 129: Cole Haan International B.V. - Product / ServiceExhibit 130: Cole Haan International B.V. - Key offerings12.7 Fossil Group Inc. Exhibit 131: Fossil Group Inc. - OverviewExhibit 132: Fossil Group Inc. - Business segmentsExhibit 133: Fossil Group Inc. - Key offeringsExhibit 134: Fossil Group Inc. - Segment focus12.8 Guess Inc Exhibit 135: Guess Inc - OverviewExhibit 136: Guess Inc - Business segmentsExhibit 137: Guess Inc - Key offeringsExhibit 138: Guess Inc - Segment focus12.9 Hennes and Mauritz AB Exhibit 139: Hennes and Mauritz AB - OverviewExhibit 140: Hennes and Mauritz AB - Product / ServiceExhibit 141: Hennes and Mauritz AB - Key offerings12.10 Hermes International SA Exhibit 142: Hermes International SA - OverviewExhibit 143: Hermes International SA - Business segmentsExhibit 144: Hermes International SA - Key offeringsExhibit 145: Hermes International SA - Segment focus12.11 Hidesign Exhibit 146: Hidesign - OverviewExhibit 147: Hidesign - Product / ServiceExhibit 148: Hidesign - Key offerings12.12 Kering SA Exhibit 149: Kering SA - OverviewExhibit 150: Kering SA - Business segmentsExhibit 151: Kering SA - Key offeringsExhibit 152: Kering SA - Segment focus12.13 Lefty Production Co. Exhibit 153: Lefty Production Co. - OverviewExhibit 154: Lefty Production Co. - Product / ServiceExhibit 155: Lefty Production Co. - Key offerings12.14 LVMH Moet Hennessy Louis Vuitton SE Exhibit 156: LVMH Moet Hennessy Louis Vuitton SE - OverviewExhibit 157: LVMH Moet Hennessy Louis Vuitton SE - Business segmentsExhibit 158: LVMH Moet Hennessy Louis Vuitton SE - Key newsExhibit 159: LVMH Moet Hennessy Louis Vuitton SE - Key offeringsExhibit 160: LVMH Moet Hennessy Louis Vuitton SE - Segment focus12.15 Prada Spa Exhibit 161: Prada Spa - OverviewExhibit 162: Prada Spa - Product / ServiceExhibit 163: Prada Spa - Key offerings12.16 Stefano Ricci S.p.A. Exhibit 164: Stefano Ricci S.p.A. - OverviewExhibit 165: Stefano Ricci S.p.A. - Product / ServiceExhibit 166: Stefano Ricci S.p.A. - Key offerings12.17 Steven Madden Ltd Exhibit 167: Steven Madden Ltd - OverviewExhibit 168: Steven Madden Ltd - Product / ServiceExhibit 169: Steven Madden Ltd - Key offerings

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 170: Inclusions checklistExhibit 171: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 172: Currency conversion rates for US$13.4 Research methodology Exhibit 173: Research methodologyExhibit 174: Validation techniques employed for market sizingExhibit 175: Information sources13.5 List of abbreviations Exhibit 176: List of abbreviations

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