Luxury Handbags and Purses Market
Luxury Handbags and Purses Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Luxury Handbags and Purses Market Size and Growth
The luxury handbags and purses market is experiencing significant growth, driven by rising disposable incomes and changing consumer preferences. The global market size was valued at approximately $20 billion in 2022, with projections exceeding $30 billion by 2028. Emerging markets and online retail channels are key growth drivers in this sector.
Companies Covered
(Covid 19 Impact Covered)
◍ Dior
◍ LVMH
◍ Coach
◍ Kering
◍ Prada
◍ Michael Kors
◍ Hermes
◍ Chanel
◍ Richemont Group
◍ Kate Spade
◍ Burberry
◍ Tory Burch
◍ Septwolves
◍ Fion
◍ Goldlion
◍ Wanlima
◍ Phillip Lim
The luxury handbags and purses market is competitive, featuring companies like Dior, LVMH, Coach, Kering, Prada, and Hermes. These brands drive growth through premium offerings, innovative designs, and strategic marketing. They enhance brand equity and customer loyalty, contributing to significant sales revenues, e.g., LVMH reported €64.2 billion in 2022.
◍ The Chanel
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Market Segmentation
By Application
Age 15-25
Age 25-50 ◍ Old Than 50
Other
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By Product
Luxury Purses
Luxury Handbags
Market Growth
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$ X Billion USD
