Global Handbags Market Report: 2013 Edition- Koncept Analytics

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Premium handbags and accessories is one of the fastest growing segments in the overall luxury market. After declining in 2009 due to economic slowdown, the market grew in 2012 compared to previous year. This growth is being driven by rise in disposable income, expanding middle class, growing preference for branded products and rising number of wealthy consumers worldwide. Moreover, the handbag market encompasses dynamic players and an expanding consumer base, which is expected to flourish due to increasing demand from emerging markets and strong performances by the international luxury brands. Countries like China and India with rising high net worth individuals (HNWIs) and high purchasing power among working women will boost the market growth in future years. New channels like E-Commerce or online shopping have become popular mainly driven by consumers looking for good bargains. Categories such as top-handle bags, totes and cross-body bags remained popular.

The market for high-end luxury handbags is highly competitive. Coach Inc is the market leader in the US luxury handbag market. Other major players include, Michael Kors, Burberry, Prada, Louis Vuitton, Gucci, Hermes and Chanel. Most of the companies are responding to the growing competition by developing high profile product launches, stimulating purchases through strong promotions and investing in remodeled stores and shop-in-shops at department stores.

The present report titled “Global Handbags Market: 2013 Edition” discusses the global market for luxury handbags, as well as trade of handbags worldwide. The report presents a detailed analysis of the US handbag market, discussing sales, pricing trend, and trade statistics. Also, the report presents a short discussion on one of the emerging handbag market, the Asia Pacific. The report analyzes some of the major drivers as well as trends prevailing in the global handbags market. Three major players operating in the handbags industry worldwide are profiled, focusing on their business, financials and growth strategies.

Global Handbags Market Report: 2013 Edition- Koncept Analytics

  1. 1. Global Handbags Market Report----------------------------------------------------2013View Report Details
  2. 2. Executive SummaryPremium handbags and accessories is one of the fastest growing segments in the overall luxury market. After declining in 2009 due to economicslowdown, the market grew in 2012 compared to previous year. This growth is being driven by rise in disposable income, expanding middle class,growing preference for branded products and rising number of wealthy consumers worldwide. Moreover, the handbag market encompasses dynamicplayers and an expanding consumer base, which is expected to flourish due to increasing demand from emerging markets and strong performancesby the international luxury brands. Countries like China and India with rising high net worth individuals (HNWIs) and high purchasing power amongworking women will boost the market growth in future years. New channels like E-Commerce or online shopping have become popular mainly drivenby consumers looking for good bargains. Categories such as top-handle bags, totes and cross-body bags remained popular.The market for high-end luxury handbags is highly competitive. Coach Inc is the market leader in the US luxury handbag market. Other majorplayers include, Michael Kors, Burberry, Prada, Louis Vuitton, Gucci, Hermes and Chanel. Most of the companies are responding to the growingcompetition by developing high profile product launches, stimulating purchases through strong promotions and investing in remodeled stores andshop-in-shops at department stores.The present report titled “Global Handbags Market: 2013 Edition” discusses the global market for luxury handbags, as well as trade of handbagsworldwide. The report presents a detailed analysis of the US handbag market, discussing sales, pricing trend, and trade statistics. Also, the reportpresents a short discussion on one of the emerging handbag market, the Asia Pacific. The report analyzes some of the major drivers as well astrends prevailing in the global handbags market. Three major players operating in the handbags industry worldwide are profiled, focusing on theirbusiness, financials and growth strategies.View Report Details
  3. 3. Market for Luxury Handbags is being Driven by Asian Markets Fuelled by Expanding Middle Class,Preference for Branded Products and Rising Wealthy Consumers…….. The global premium handbag and accessories market isexpected to grow at a CAGR of ….% from US$..... billion in2012 to US$..... billion by 2017. The North America premium handbag market was worthUS$..... billion while the Asian market had a market value ofUS$....... billion in 2012. Men represented …..% of the Asian market for handbags andaccessories, compared to …….% in the rest of the world. From 2007 to 2011, the export value (in current prices) oftravel goods, handbags, etc (SITC group 831) increased at aCAGR of ……..%, and with a further ……..% growth in 2011,amounted to US$...... billion.US China, Hong Kong SARJapan FranceGermany ItalyUK Republic of KoreaChina OthersLuxury Handbags Affinity Index in Major Countries (2012)2003 2005 2008 2011US$BillionGlobal Premium Handbags and Accessories Market (2011-2017F)Top Importing Countries of Travel Goods, Handbags Etc (2012)UKUSAItalyFranceGermanyJapanBrzilIndiaHandbagsAffinityIndex
  4. 4. Price Increase of Handbags in 2012 Contributed to Revenue Growth in the US as Consumers were Willingto Spend More On Quality And Branded Merchandise The retail sales of women handbags market increased fromUS$...... billion in 2010 to US$....... billion in 2011. Price increase of handbags mainly contributed to the growth ofrevenue. Women preferred to buy small silhouettes because theywere an affordable luxury on which they could justify spending asan investment. Unit sales of handbags in 2011 fell …..% and reached ……million. Although volume sales decreased, dollar sales witnessedan increase which shows that consumers are willing to pay morefor what they wanted. Women in age group 35-54 years represented …..% of totalhandbag dollar sales and …..% of unit sales in 2012.The US Women’s Handbags Retail Sales – by Value (2002-2011)The US Women’s Accessories – Retail Sales (2010-2013E)2010 2011 2012 2013EUS$BillionThe US Women’s Handbags Retail Sales – by Volume (2002-2011)2002 2003 2004 2005 2006 2007 2008 2009 2010 2011US$Billion2002 2003 2004 2005 2006 2007 2008 2009 2010 2011#(inMillion)
  5. 5. Most of the Handbags were Purchased from Stores But Online Sales are also Becoming Popular……. The average retail price of handbags in the US increased fromUS$...... in 2011 to US$....... in 2012. This price growth contributed to the sales increases sinceconsumers were willing to spend on quality and brandedmerchandise. In the year 2011, a total of ……. million handbags were importedfrom China, …. million from India, ….. million from Vietnam and…… million from Hong Kong. The worldwide online personal luxury goods market increasedfrom US$..... billion in 2009 to US$........ billion in 2012. With rise in working women population, affordability increasesas their disposable income rises and as a result they invest inlifestyle accessory brands.Women’s Premium Handbags & Accessory Market Share in the USMarket Value of Luxury Branded Handbags in Asia Pacific (2006-2014E)Average Retail Price of Handbags in the US (2005-2012)2006 2007 2008 2009 2010 2011E 2012E 2013E 2014EUS$Billion2005 2006 2007 2008 2009 2010 2011 2012US$2011 2012 2013EShare%Michael Kors Coach Inc Rest of Brands
  6. 6. Table of Contents1. Handbags: An Overview1.1 Introduction1.2 Segmentation1.3 Handbags-Value Chain2. Global Handbags Market2.1 Luxury Handbags Market Size-Premium Handbags & Accessories Market-Major Countries-Comparative Index2.2 Trade Statistics-Imports by Region-Exports by Region3. The US Handbags Market3.1 Women Accessories Market3.2 Women Handbags Market3.2.1 Retail Sales by Volume and Value3.2.2 Mode of Distribution3.2.3 Wearer Age Groups3.2.4 Average Retail Prices3.3 Trade Statistics3.4 Market Players4. Asia Pacific Handbags Market-Luxury Handbags Market Value-Luxury Handbags – Regional Share5. Market Trends5.1 Aggressive Presence on Social Media and FashionShows5.2 Demand for Small and Medium Silhouette Handbags andCross Bodies5.3 Brand Strengthening Efforts by Companies5.4 Insurance of HandbagsList of Graphs & TablesGlobal Premium Handbags and Accessories Market (2011-2017F)Luxury Handbags Affinity Index in Major Countries (2012)Imports and Exports of Travel Goods, Handbags etc of Leather, Plastics,Textiles and Others (2004-2011)Exports of Travel Goods, Handbags, etc of Leather Goods, Plastics, Textilesand Others - Share by Region (2011)Imports of Travel Goods, Handbags, etc of Leather Goods, Plastics, Textilesand Others - Share by Region (2011)The US Women’s Accessories – Retail Sales (2010-2013E)The US Women’s Handbags Retail Sales – by Value (2002-2011)The US Women’s Handbags Retail Sales – by Volume (2002-2011)The US- Womens Handbags Style of Accessories (2012)Number of Handbags Bought by Women in the US (2012)The US Women’s Handbag Retail Sales – Share Breakdown by Mode ofDistribution (2012)Average Retail Price of Handbags in the US (2005-2012)The US Women’s Premium Handbags & Accessory Market Share (2011-2013E)Market value for luxury branded handbags in Asia Pacific (2006-2014E)Asia Pacific Luxury Handbags Market – Value Share by Region (2014F)Global GDP (2001-2011)World GDP per Capita (2005-2011)Worldwide Online Personal Luxury Goods Market Trend (2009-2012E)Worldwide Online Personal Goods Market Share by Category (2009-2012E)BRIC Market Share for Luxury Handbags (2012)China Luxury Goods Market Size (2010-2012E)Real GDP Growth in Developing Countries (2009 versus 2015F)Worldwide Population of Employed Women (2006-2012P)Luxury Goods Market Share by Gender (2012)Coach Revenue – Share by Product Category (FY12)Coach Inc- Net Sales (2008-2012)LVMH – Revenue by Business Segments (2012)LVMH- Fashion and Leather Goods Revenue (2010-2012)Burberry Group Revenue (FY08-FY12)View Report Details
  7. 7. Table of Contents6. Market Drivers6.1 Rising Population of HNIs6.2 Improvement in Global Economic Growth6.3 Rise in Online Sales6.4 Untapped Potential in “New Emerging Markets”6.5 Rising Working Women Population7. Challenges7.1 High Import Duty on Premium Handbags7.2 Risk of Counterfeiting8. Competitive Landscape-Competitive Overview-Comparison of Key Players9. Company Profiles9.1 Coach Inc.9.1.1 Business Description9.1.2 Financial Overview9.1.3 Business Strategies-Consumer Communication Initiatives-International Expansion9.2 LVMH (Moët Hennessy Louis Vuitton)9.2.1 Business Description9.2.2 Financial Overview9.2.3 Business Strategies-Strategic Collaborations and Acquisitions- Strengthened Customer Services9.3 Burberry Group Plc.9.3.1 Business Description9.3.2 Financial Overview9.3.3 Business Strategies-Invest in Under-Penetrated Markets-Focus on Marketing InnovationsList of TablesThe US Women’s Accessories Retail Sales - Share by Category (2012)Women Handbags Wearer Age Groups in the US (2012)The US Handbags Imports - by Volume (2008-2011)The US Handbags Imports - by Value (2008-2011)Preferred Handbags Brands in the US by Income Class (2012)Top 10 Most Searched Luxury Handbag Brands Globally (2011)HNWI Population by Region (2011-2022F)Top Global Cities by HNWI Population (2012 and 2022)Luxury Goods Market in Emerging Markets (2012E)Handbags Import Duty in Various Countries (2012)Revenues of Major Luxury Handbags and Accessories Players by Region(2012)Luxury Handbags and Accessories-Number of Owned & Operated Stores byRegion (2012)View Report Details
  8. 8. Koncept AnalyticsCS-36, Second Floor, Ansal PlazaVaishali, Ghaziabad,U.P. – 201010T. +91-120-4130959C: +91-9811715635vikas@konceptanalytics.comContact Us:www.konceptanalytics.comVikas GuptaBD ManagerThese are abridged and sanitized sample pages from the comprehensive report on the “Global Handbags Market”. To knowmore about this report or for any customized research requirement, please contact the following:View Report Details

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