Analysis on Impact of COVID-19-Global Luxury Handbags Market 2019-2023 | Influence Of Celebrity Endorsements On Purchase Decisions to Boost Growth | Technavio

Technavio has been monitoring the luxury handbags market and it is poised to grow by USD 25.01 bn during 2019-2023, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Luxury Handbags Market 2019-2023 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Hermès, Kering, LVMH, Prada, and Tapestry, are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Influence of celebrity endorsements on purchase decisions has been instrumental in driving the growth of the market.

Luxury Handbags Market 2019-2023 : Segmentation

Luxury handbags market is segmented as below:

• Distribution channel
  • Offline
  • Online
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30766

Luxury Handbags Market 2019-2023 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our luxury handbags market report covers the following areas:

• Luxury Handbags Market Size
• Luxury Handbags Market Trends
• Luxury Handbags Market Industry Analysis

This study identifies increasing demand for convertible handbags as one of the prime reasons driving the luxury handbags market growth during the next few years.

Luxury Handbags Market 2019-2023 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the luxury handbags market, including some of the vendors such as Hermès, Kering, LVMH, Prada, and Tapestry. Backed with competitive intelligence and benchmarking, our research reports on the luxury handbags market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Luxury Handbags Market 2019-2023 : Key Highlights

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist luxury handbags market growth during the next five years
• Estimation of the luxury handbags market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the luxury handbags market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of luxury handbags market vendors

Table Of Contents :

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

• Market segmentation by distribution channel
• Comparison by distribution channel
• Offline - Market size and forecast 2018-2023
• Online - Market size and forecast 2018-2023
• Market opportunity by distribution channel

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2018-2023
• North America - Market size and forecast 2018-2023
• APAC - Market size and forecast 2018-2023
• South America - Market size and forecast 2018-2023
• MEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 10: MARKET TRENDS

• Personalization and customization of luxury handbags
• Increased demand for luxury handbags made of eco-friendly material
• Increased demand for convertible handbags

PART 11: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 12: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Hermès
• Kering
• LVMH
• Prada
• Tapestry

PART 13: APPENDIX

• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200408005345/en/