NEW YORK, June 24, 2022 /PRNewswire/ -- The "Leather Handbags Market by Distribution Channel (Offline and Online) and Geography (APAC, Europe, North America, South America, and MEA) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. One of the key factors driving the leather handbags market growth is the influence of celebrity endorsements on customer purchase decisions. The fashion industry has been experiencing rapid changes and advancements over the last two decades, mainly owing to the growing fashion-conscious population, particularly in developing regions. In addition, endorsements and the use of fashion products by celebrities influence the customer purchase decision. Celebrity endorsement is a popular marketing tool used by vendors to build their brand image as well as create product awareness and promote products. A group of professionals or celebrities recommending a product can considerably impact customer perception about the product. Vendors often sign multi-year endorsement agreements with high-profile celebrities to enhance their brand value. Selena Gomez, an American singer and actress, and Michael B. Jordan, an American actor, are brand ambassadors for Coach (a brand by Tapestry Inc.). Customer engagement programs are introduced through offline and online channels to increase awareness. With growing internet penetration globally and the success of social media campaigns, vendors promote their products at a minimal cost.

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The Leather Handbags Market value is set to grow by USD 8.28 billion, progressing at a CAGR of 5% from 2020 to 2025, as per the latest report by Technavio. Moreover, the market is segmented by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA).

• Major Challenge:
• • Rising labor cost and fluctuating raw material prices is one of the key challenges hindering the leather handbags market growth. Fluctuating raw material prices is a challenge for manufacturers globally. Leather manufacturing includes several steps such as procurement, processing, and tanning or synthesizing. Several government regulations are applicable, and various chemicals are used in manufacturing, which further increases the price of leather as a raw material. The manufacturing facilities of various international brands, such as PRADA, COACH, Giorgio Armani, Burberry, Mulberry, and DOLCE&GABBANA, are located in Asian countries, such as China, Indonesia, Bangladesh, and Vietnam, where the labor costs have grown rapidly over the last decade. The increase in production cost lowers the profit margins of vendors and proves to be a challenge for them in the global leather handbags market. To overcome this situation, vendors are adopting and investing in new technologies and innovative collaborations and automating the manufacturing process.

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Some of the Major Companies Mentioned

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Burberry Group Plc
• Capri Holdings Ltd.
• Guess? Inc.
• H & M Hennes & Mauritz AB
• Hermès International
• Kering SA
• LVMH Moet Hennessy - Louis Vuitton
• PRADA Group
• PVH Corp.
• Tapestry Inc.

The leather handbags market is fragmented and the vendors are deploying growth strategies such as product launches and the increasing investment in marketing strategies to compete in the market.

To gain access to more vendor profiles with their key offerings available with Technavio – Download Sample Report

Tote Bags Market by Distribution Channel, and Geography - Forecast and Analysis 2022-2026: The predicted growth for the tote bags market share from 2021 to 2026 is USD 7.47 billion at a progressing CAGR of 6.37%. Find More Exclusive Research Insights Here

Handbags Market in India by Product and Distribution Channel - Forecast and Analysis 2022-2026: The handbags market share in India is expected to increase by USD 207.51 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.90%. Find More Exclusive Research Insights Here

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• • Exhibit 01: Parent market
  • Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• • Exhibit 03: Value chain analysis: Apparel, accessories, and luxury goods market

3 Market Sizing

• 3.1 Market definition
• • Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• • Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
  • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• • Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• • Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• • Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• • Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• • Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• • Exhibit 13: Threat of rivalry

• 4.7 Market condition
• • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Distribution channel

• 5.1 Market segments
• • Exhibit 15: Distribution channel - Market share 2020-2025 (%)

• 5.2 Comparison by Distribution channel
• • Exhibit 16: Comparison by Distribution channel

• 5.3 Offline - Market size and forecast 2020-2025
• • Exhibit 17: Offline - Market size and forecast 2020-2025 ($ million)
  • Exhibit 18: Offline - Year-over-year growth 2020-2025 (%)

• 5.4 Online - Market size and forecast 2020-2025
• • Exhibit 19: Online - Market size and forecast 2020-2025 ($ million)
  • Exhibit 20: Online - Year-over-year growth 2020-2025 (%)

• 5.5 Market opportunity by Distribution channel
• • Exhibit 21: Market opportunity by Distribution channel

6 Customer landscape

• 6.1 Customer landscape
• • Exhibit 22: Customer landscape

7 Geographic Landscape

• 7.1 Geographic segmentation
• • Exhibit 23: Market share by geography 2020-2025 (%)

• 7.2 Geographic comparison
• • Exhibit 24: Geographic comparison

• 7.3 APAC - Market size and forecast 2020-2025
• • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
  • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)

• 7.4 Europe - Market size and forecast 2020-2025
• • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
  • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)

• 7.5 North America - Market size and forecast 2020-2025
• • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
  • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)

• 7.6 South America - Market size and forecast 2020-2025
• • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
  • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)

• 7.7 MEA - Market size and forecast 2020-2025
• • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
  • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)

• 7.8 Key leading countries
• • Exhibit 35: Key leading countries

• 7.9 Market opportunity by geography
• • Exhibit 36: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges
• • Exhibit 37: Impact of drivers and challenges

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• • Exhibit 38: Vendor landscape

• 9.3 Landscape disruption
• • Exhibit 39: Landscape disruption
  • Exhibit 40: Industry risks

10 Vendor Analysis

• 10.1 Vendors covered
• • Exhibit 41: Vendors covered

• 10.2 Market positioning of vendors
• • Exhibit 42: Market positioning of vendors

• 10.3 Burberry Group Plc
• • Exhibit 43: Burberry Group Plc - Overview
  • Exhibit 44: Burberry Group Plc - Business segments
  • Exhibit 45: Burberry Group Plc - Key offerings
  • Exhibit 46: Burberry Group Plc - Segment focus

• 10.4 Capri Holdings Ltd.

• 10.5 Guess? Inc.

• 10.6 H
• • Exhibit 52: Guess? Inc. - Overview
  • Exhibit 53: Guess? Inc. - Business segments
  • Exhibit 54: Guess? Inc. - Key offerings
  • Exhibit 55: Guess? Inc. - Segment focus

• 10.7 Hermès International
• • Exhibit 60: Hermès International - Overview
  • Exhibit 61: Hermès International - Business segments
  • Exhibit 62: Hermès International – Key news
  • Exhibit 63: Hermès International - Key offerings
  • Exhibit 64: Hermès International - Segment focus

• 10.8 Kering SA
• • Exhibit 65: Kering SA - Overview
  • Exhibit 66: Kering SA - Business segments
  • Exhibit 67: Kering SA – Key news
  • Exhibit 68: Kering SA - Key offerings
  • Exhibit 69: Kering SA - Segment focus

• 10.9 LVMH Moet Hennessy - Louis Vuitton
• • Exhibit 70: LVMH Moet Hennessy - Louis Vuitton - Overview
  • Exhibit 71: LVMH Moet Hennessy - Louis Vuitton - Business segments
  • Exhibit 72: LVMH Moet Hennessy - Louis Vuitton - Key news
  • Exhibit 73: LVMH Moet Hennessy - Louis Vuitton - Key offerings
  • Exhibit 74: LVMH Moet Hennessy - Louis Vuitton - Segment focus

• 10.10 PRADA Group
• • Exhibit 75: PRADA Group - Overview
  • Exhibit 76: PRADA Group - Business segments
  • Exhibit 77: PRADA Group – Key news
  • Exhibit 78: PRADA Group - Key offerings

• 10.11 PVH Corp.
• • Exhibit 79: PVH Corp. - Overview
  • Exhibit 80: PVH Corp. - Business segments
  • Exhibit 81: PVH Corp. – Key news
  • Exhibit 82: PVH Corp. - Key offerings
  • Exhibit 83: PVH Corp. - Segment focus

• 10.12 Tapestry Inc.
• • Exhibit 84: Tapestry Inc. - Overview
  • Exhibit 85: Tapestry Inc. - Business segments
  • Exhibit 86: Tapestry Inc. – Key news
  • Exhibit 87: Tapestry Inc. - Key offerings
  • Exhibit 88: Tapestry Inc. - Segment focus

• M Hennes & Mauritz AB

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$
• • Exhibit 89: Currency conversion rates for US$

• 11.3 Research methodology
• • Exhibit 90: Research Methodology
  • Exhibit 91: Validation techniques employed for market sizing
  • Exhibit 92: Information sources

• 11.4 List of abbreviations
• • Exhibit 93: List of abbreviations

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UK: +44 203 893 3200
Email:media@technavio.com
Website: www.technavio.com/

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