Growing beauty consciousness along with increasing disposable income to drive global female handbag market through 2024
According to TechSci Research report, “Global Female Handbag Market By Product Type, By Material, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, global female handbag market is projected to grow at a steady pace during 2019-2024. The growth of the market is majorly attributable to the growing demand for high-quality handbags products which are stylish, crack proof and durable. Moreover, increasing disposable income among females is further anticipated to bolster the growth of the global female handbag market throughout the forecast period. Furthermore, continuous improvement in satchel and clutch Ladies Handbag Market products is positively influencing the growth of handbags market globally.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on “Global Female Handbag
On the basis of distribution channel, the global female
handbag market is categorized into store-based retail and non-store-based
retail, of which the former garnered the majority share in the market in 2018
owing to easy access of the consumers to the stores and the consumers’
preference for checking the handbags in the store than online. However, the
non-store-based retail is also witnessing a healthy growth owing to the growing
popularity of the e-commerce market. Moreover, e-commerce and technology are
transforming this category with new user experiences, where luxury brands and
small start-ups are racing to embrace e-commerce, thereby making this channel
In terms of region, the global Ladies Handbag market is categorized into North America, Asia-Pacific, Europe, Middle East & Asia and Latin America. The market for female handbag in Asia-Pacific is predicted to grow at the fastest rate during the forecast period. The growth of the market in the Asia-Pacific region is majorly attributable to the adoption of western fashion trends among the consumers in the region.
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“Global female handbag market is anticipated to register a
steady growth during the forecast period. The growth in the market is led by increasing
disposable income and the rapid penetration of e-commerce across the globe.
Moreover, increasing number of offers and discounts provided by the online
distributors is further bolstering the sales of female handbags through online
sales channel, thereby further fueling growth in the market.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Female Handbag Market By Product Type, By Material, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, has evaluated the future growth potential of global Ladies Handbag Market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global female handbag market.
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