DUBLIN, June 29, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/qk6rct/handbags_market) has announced the addition of the "Handbags Market in the US 2015-2019" report to their offering.
The analysts forecast the Handbags market in the US, in terms of revenue and volume, to grow at CAGRs of 5.9% and 5.29%, respectively, over the period 2014-2019.
The Handbags market in the US is witnessing steady growth and is expected to grow at a steady rate during the forecast period. The demand for handbags is rising in the US with the growing demand for affordable luxury handbags coupled with the onset of brands such as Michael Kors, Kate Spade, Marc Jacobs, Ralph Lauren, Coach, and Tory Burch. The arrival of numerous brands and their easy availability through retail stores and online retail channels increased the demand for handbags among consumers in the US.
The Handbags market in the US can be segmented into four: Totes, Shoulder Bags, Purses and Wallets, Satchels and Saddles. The Totes was the largest segment in terms of revenue and accounted for approximately 30 percent of the market in 2014. The Handbags market in the US was dominated by Purses and Wallet segment in 2014 in terms of revenue and volume.
One major trend emerging in this market is the increasing disposable income among consumers. With the rise in disposable income consumers are spending more on affordable luxury products than on premium luxury products.
According to the report, online retailing is another key reason for the high consumption and sales of handbags in the country. Internet penetration is increasing in the US and is fueling demand for e-commerce. Aggressive marketing, pricing, and customer acquisition tactics are driving sales through e-commerce in the US.
Further, the report states that a major challenge faced by the market is the increased competition from local brands. The easy availability of a number of cheap handbag brands in the market is leading to market fragmentation, resulting in lack of price standardization, uneven competitive scenario, and market share erosion.
Key Vendors
- Burberry
- Chanel
- Coach
- Hermes International.
- Kate Spade
- LVMH
- Michael Kors
- Mulberry
- Prada
- Ralph Lauren
- Tory Burch
Other Prominent Vendors
- Actual
- Artifact Bag
- AU
- BAGGU
- BAGSTIL
- Blair Ritchey
- Brynn Capella
- Burrow & Hive
- Calleen Cordero
- cinda b
- Holly Aiken
- ITZALULU
- J.W. Hulme Company
- LexiWynn
- Lola Falk
- MaddyMoo
- Merci-Fortune
- Michelle Vale
- Noubar
- Oak73
- Rebecca Ray Designs
- SEA BAGS
- Stone Mountain
- The Frye
- Tori Nicole
- Victoria Leather
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Overview of Luggage Market
- Factors that Affect Global Luggage Market
- PEST Analysis
- Distribution Channels in Global Luggage Industry
- Introduction
- Country Profile: US
- Market Landscape
- Market Segmentation by Products
- Market Segmentation by Category
- Market Segmentation by Distribution Channel
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/qk6rct/handbags_market
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
