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Consumer Goods & Retailing

Handbags Market in India 2023-2027

Handbags Market in India 2023-2027

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handbags market in India 2023-2027
The handbags market in India is forecasted to grow by USD 1,416.61 mn during 2022-2027, accelerating at a CAGR of 7.15% during the forecast period. The report on the handbags market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the expansion of the retail and online distribution landscape in India, the rising number of product endorsements by celebrities, and the growing purchase of handbags by millennials and working women.

Technavio's handbags market in India is segmented as below:

By Product TypeTotesClutches and walletsShoulder bagsSatchels and saddlesBy Distribution ChannelOfflineOnlineBy Geographical LandscapeAPACThis study identifies the personalization and customization of handbags as one of the prime reasons driving the handbags market in India growth during the next few years. Also, increasing demand for eco-friendly and sustainable handbags and design and material innovation leading to product premiumization will lead to sizable demand in the market.

The report on the handbags market in India covers the following areas:handbags market sizing in Indiahandbags market forecast in Indiahandbags market industry analysis in IndiaThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading handbags market in India vendors that include Aranyani, BAGGIT, Burberry Group Plc, Da Milano Leathers Pvt. Ltd., Deeya International, Fossil Group Inc., H and M Hennes and Mauritz GBC AB, Hermes International SA, Hidesign, Intouch Leather House Pvt. Ltd., Lavie, Lino Perros, LVMH Moet Hennessy Louis Vuitton SE, Miraggio Lifestyles Pvt. Ltd., Odette E Retail Pvt. Ltd., Prada Spa, Victorias Secret and Co., VIP Industries Ltd., Zouk, and ALDO Group Inc.. Also, the handbags market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

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