handbags market in india 2015-2019
TRANSCRIPT
Covered in this Report
• The Handbags market in India can be segmented intofour: totes, shoulder bags, purses and wallets, satchelsand saddles.
• The purses and wallets was the largest segment in termsof both revenue and volume, accounting for 34.8% and35.4% share of the market.
• Technavio's report, the Handbags Market in India 2015-2019, has been prepared based on an in-depth marketanalysis with inputs from industry experts.
• It covers the landscape of the handbags market in Indiaand its growth prospects in the coming years.
• The report includes a discussion of the key vendorsoperating in this market.
Handbags Market in India 2015-2019
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Market Overview
• In 2014, the handbags market in India was dominatedby the purses and wallets segment.
• In terms of distribution, specialist retailers accountedfor the largest share in the market in India.
• One of the main drivers of the handbags market inIndia is an increase in urbanization and rising incomelevels, which is influencing the demand for expensiveand premium handbag brands and per-capitaconsumption by consumers.
• Technavio's analysts forecast the handbags market inIndia, in terms of revenue and volume, to grow at aCAGR of 19.2% and 15.1%, respectively, over theperiod 2014-2019.
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Key Vendors and Regions
• Baggit
• Bagzone Lifestyles (Lavie)
• DA MILANO LEATHERS (Da Milano)
• Hidesign
• Holii Accessories
• Ladida
• Sumitsu Apparel (Lino Perros)
View Our Report:Handbags Market in
India 2015-2019
• India
Vendors Regions
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Key Findings• The increased use of social media by consumers has made it integral to
marketing campaigns.
• For handbag retailers in India, the platform provides instant brand visibility andaccess to a huge potential consumer base.
• India is one of the most socially engaged markets in the world, and socialmedia will become an essential tool to engage shoppers.
• The need to be presentable has resulted in consumers considering handbags tobe a daily product, especially among women.
• Similarly for men, there is an increasing number of office workers who seek aprofessional image, and this is driving the consumption of wallets and satchels.
• It is becoming more common for both men and women to have a range ofhandbags, and consumers are seeking innovative products to meet theirspecific requirements.
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Key Questions Answered in Our Report
• What will the market size be in 2019 and what will thegrowth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats facedby the key vendors?
• What are the strengths and weaknesses of the keyvendors?
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Handbags Market in India 2015-2019
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