According to the latest report by IMARC Group, titled “๐๐๐ง๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐ (๐๐๐ญ๐๐ก๐๐ฅ, ๐๐ฎ๐๐ค๐๐ญ ๐๐๐ , ๐๐ฅ๐ฎ๐ญ๐๐ก, ๐๐จ๐ญ๐ ๐๐๐ , ๐๐ง๐ ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐๐ญ๐๐ซ๐ข๐๐ฅ ๐๐ฒ๐ฉ๐ (๐๐๐๐ญ๐ก๐๐ซ, ๐ ๐๐๐ซ๐ข๐, ๐๐ฎ๐๐๐๐ซ, ๐๐ง๐ ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ (๐๐ฎ๐ฉ๐๐ซ๐ฆ๐๐ซ๐ค๐๐ญ๐ฌ ๐๐ง๐ ๐๐ฒ๐ฉ๐๐ซ๐ฆ๐๐ซ๐ค๐๐ญ๐ฌ, ๐๐๐ฉ๐๐ซ๐ญ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ญ๐จ๐ซ๐๐ฌ, ๐๐ฉ๐๐๐ข๐๐ฅ๐ญ๐ฒ ๐๐ญ๐จ๐ซ๐๐ฌ, ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ญ๐จ๐ซ๐๐ฌ, ๐๐ง๐ฅ๐ข๐ง๐ ๐๐ญ๐จ๐ซ๐๐ฌ, ๐๐ง๐ ๐๐ญ๐ก๐๐ซ๐ฌ), ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง ๐๐๐๐-๐๐๐๐”, offers a comprehensive analysis of the industry, which comprises insights on the global handbag market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global handbag market size reached ๐๐๐ ๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง in 2024. Looking forward, IMARC Group expects the market to reach ๐๐๐ ๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง by 2033, exhibiting a growth rate (๐๐๐๐) ๐จ๐ ๐.๐๐% during 2025-2033.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/handbag-market/requestsample
๐๐๐ง๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ:
Growing Consumer Demand and Changing Lifestyles:
The global handbag market witnesses the significant growth with the aid of heightened consumer appeal across multiple layers, especially since women joining the workforce has empowered them with greater purchasing capabilities while their lifestyles have changed which instead increased the consumption of handbags due to changing times.
Today’s day and age has seen women searching for functional and stylish handbags to meet both their personal as well as professional requirements, which further justifies the rise in women’s purchasing Andrew’s influence. Additionally, the marketing and fashion world has greatly expanded its reach due to social media, allowing for greater inspiration and trend following as endorsed by celebrities, encouraging the customers to update their stock.
๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐ ๐๐ง๐ฅ๐ข๐ง๐ ๐๐๐ญ๐๐ข๐ฅ๐ข๐ง๐ :
Also, the ongoing trend of eCommerce in the modern age where consumers expect greater variety at lower cost across multiple platforms has positively influenced the handbag market by absolutely giving them access to numerous brands, styles and price ranges. With the growth of online shopping, consumers can now easily access a plethora of goods and their features, spend less time and energy price hunting, and check how previous customers liked the particular product. This in turn has broadened the traditional and new brands reach in the market, allowing for online-only brands to start expanding and aiding the technologically oriented customers.
๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐ญ๐ก๐ข๐๐๐ฅ ๐๐จ๐ฎ๐ซ๐๐ข๐ง๐ :
The, socio-political and environmental consciousness among consumers has caused a paradigm shift in the handbag industry with a growing desire for ethical and sustainable practices. Hence, consumers are turning to more ethical products such as handbags made from eco-friendly materials like recycled leather, organic cotton, or plant based alternatives.
Additionally, the focus on ethical practices such as ethical sourcing and fair wages has also risen as consumers are more inclined towards supporting brands that care about their employees and the environment. The evolution in consciousness ethics has led to a surge in demand for eco and ethically friendly handbags, which in return provides new opportunities to new brands pairing sustainability with transparency of supply chains.
๐๐ฒ ๐ญ๐ก๐ ๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ, ๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฉ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ง๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐ ๐๐ข๐ฏ๐๐ง ๐๐๐ฅ๐จ๐ฐ:
โข Burberry Group
โข Chanel International BV
โข Christian Dior SE
โข Coach
โข Etienne Aigner
โข Furla
โข Kate Spade & Company
โข Hermรจs International
โข LVMH
โข Michael Kors
โข Mulberry
โข Nicole Lee
โข Prada Holding BV
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฎ๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ๐ฌ ๐๐จ๐ซ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ๐ฌ, ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง, ๐๐ง๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ข๐๐ฌ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.imarcgroup.com/request?type=report&id=2071&flag=C
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ง๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The global handbag market is constantly changing owing to a few critical aspects that are forecasted to drive demand in the purse market. One such branch is the growing trend of demand for customization on handbags, the global market is expanding at a rapid pace. Consumers are increasingly looking for accessories which are distinct that matches their style, which in turn is shifting the purse market to a more unique design tailored approach that allows consumers to add engravings or custom patterns on the bags making them more appealing.
Another important development is the growing popularity of multi-purpose bags which meet the needs of today’s customers. These bags are made to be stylish for both daytime and nighttime use, whether it is for business or personal use. There is more and more demand from customers that value practicality and versatility for things like several pockets, removable handles, and transformable bags to name some.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐:
โข Satchel
โข Bucket Bag
โข Clutch
โข Tote Bag
โข Others
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ ๐๐ฒ๐ฉ๐:
โข Leather
โข Fabric
โข Rubber
โข Others
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ:
โข Supermarkets and Hypermarkets
โข Departmental Stores
โข Specialty Stores
โข Discount Stores
โข Online Stores
โข Others
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โข North America (United States, Canada)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
๐๐๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Market Performance
โข Market Outlook
โข COVID-19 Impact on the Market
โข Porter’s Five Forces Analysis
โข Historical, Current and Future Market Trends
โข Market Drivers and Success Factors
โข SWOT Analysis
โข Structure of the Market
โข Value Chain Analysis
โข Comprehensive Mapping of the Competitive Landscape
๐๐จ๐ญ๐: ๐๐ ๐ฒ๐จ๐ฎ ๐ง๐๐๐ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ ๐๐๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐๐ฌ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
This release was published on openPR.
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