Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Product Type (Satchel, Tote Bag, Clutch, Others), By Fabric Type (Leather, Fabric, Others), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC056780 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Handbags & Messenger bags marketΒ has emerged as the largest regional market for Handbags & Messenger bags. The Handbags market in India is expected to witness high year-on-year growth during the forecast period. The market is driven by the growing economy, rise in middle-class population, and meanwhile increase in disposable income as well as per capita consumption of consumers on handbags, messenger bags, and the high demand for fashion bags. Demand for bags and luggage in India fall as a result of COVID-19, as travelling for both work and leisure ceased, and consumers began to work from home. This particularly hit the demand for luxury Handbags & Messenger bags. Increased working from home and more informal working culture also contributed to reduced demand, accelerating trends seen prior to COVID-19.
According to 6Wresearch, Asia Pacific Handbags & Messenger Bags Market size is anticipated to register growth during 2021-27. India handbag and messenger bag industry has been largely dominated by the unorganized sector with the maximum contribution in terms of revenue. In the last few years, India has witnessed an increase in the share of the organized sector in overall market revenue. This is primarily due to companies such as Lavie, Caprese, etc. This pace of development is due to the opening up of new hypermarkets and departmental stores which lead to an increase in brand visibility. The luxury handbag and messenger bag market is concentrated among few players with Louis Vuitton, Burberry and Gucci as some international brands and HI design and Da Milano as major domestic brands. It has been observed that E-commerce has brought a rise in the shopping trend in India. Online Handbags & Messenger bags sales have showcased an increasing trend by growing.
Along with expanding consumer base of fashion-conscious consumers worldwide, is expected to sustain the growth of the market in the foreseeable future. The market segmentation is based on verticals product innovations, expansions, mergers and acquisitions. Moreover, it is crucial for players to continuously innovate, in order to operate and grow in the market, due to the rapidly changing consumer demands and preferences. Based on components, luxury Handbags & Messenger bags market provides a complete competitive environment and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
The Asia Pacific Handbags & Messenger bags market is estimated to witness substantial growth in the coming timeframe. Rising incomes are expected to influence consumer purchasing behaviour and increase consumer spending on handbags, including luxury Handbags & Messenger bags, especially among working women. The middle-income consumer group has been growing steadily in recent years in terms of disposable income and spending on lifestyle products. Sales of the Handbags & Messenger bags through online stores are increasing, which will have a positive influence on the growth of the market during the forecast period.
The Asia Pacific Handbags & Messenger bags Market report thoroughly covers the market by Product Types, End-users, and countries including Indonesia, Japan, China, India, Malaysia, Australia, Thailand, and the rest of Asia Pacific. The Handbags & Messenger bags Market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific Handbags & Messenger bags Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The Market report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Handbags & Messenger Bags Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Handbags & Messenger Bags Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Handbags & Messenger Bags Market - Industry Life Cycle |
3.4 Asia Pacific Handbags & Messenger Bags Market - Porter's Five Forces |
3.5 Asia Pacific Handbags & Messenger Bags Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Handbags & Messenger Bags Market Revenues & Volume Share, By Product Type, 2020 & 2027F |
3.7 Asia Pacific Handbags & Messenger Bags Market Revenues & Volume Share, By Fabric Type, 2020 & 2027F |
3.8 Asia Pacific Handbags & Messenger Bags Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
4 Asia Pacific Handbags & Messenger Bags Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Handbags & Messenger Bags Market Trends |
6 Asia Pacific Handbags & Messenger Bags Market, 2017 - 2027 |
6.1 Asia Pacific Handbags & Messenger Bags Market, Revenues & Volume, By Product Type, 2017 - 2027 |
6.2 Asia Pacific Handbags & Messenger Bags Market, Revenues & Volume, By Fabric Type, 2017 - 2027 |
6.3 Asia Pacific Handbags & Messenger Bags Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7 China Handbags & Messenger Bags Market, 2017 - 2027 |
7.1 China Handbags & Messenger Bags Market, Revenues & Volume, By Product Type, 2017 - 2027 |
7.2 China Handbags & Messenger Bags Market, Revenues & Volume, By Fabric Type, 2017 - 2027 |
7.3 China Handbags & Messenger Bags Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8 India Handbags & Messenger Bags Market, 2017 - 2027 |
8.1 India Handbags & Messenger Bags Market, Revenues & Volume, By Product Type, 2017 - 2027 |
8.2 India Handbags & Messenger Bags Market, Revenues & Volume, By Fabric Type, 2017 - 2027 |
8.3 India Handbags & Messenger Bags Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9 Japan Handbags & Messenger Bags Market, 2017 - 2027 |
9.1 Japan Handbags & Messenger Bags Market, Revenues & Volume, By Product Type, 2017 - 2027 |
9.2 Japan Handbags & Messenger Bags Market, Revenues & Volume, By Fabric Type, 2017 - 2027 |
9.3 Japan Handbags & Messenger Bags Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10 Australia Handbags & Messenger Bags Market, 2017 - 2027 |
10.1 Australia Handbags & Messenger Bags Market, Revenues & Volume, By Product Type, 2017 - 2027 |
10.2 Australia Handbags & Messenger Bags Market, Revenues & Volume, By Fabric Type, 2017 - 2027 |
10.3 Australia Handbags & Messenger Bags Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11 Indonesia Handbags & Messenger Bags Market, 2017 - 2027 |
11.1 Indonesia Handbags & Messenger Bags Market, Revenues & Volume, By Product Type, 2017 - 2027 |
11.2 Indonesia Handbags & Messenger Bags Market, Revenues & Volume, By Fabric Type, 2017 - 2027 |
11.3 Indonesia Handbags & Messenger Bags Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
12 Philippines Handbags & Messenger Bags Market, 2017 - 2027 |
12.1 Philippines Handbags & Messenger Bags Market, Revenues & Volume, By Product Type, 2017 - 2027 |
12.2 Philippines Handbags & Messenger Bags Market, Revenues & Volume, By Fabric Type, 2017 - 2027 |
12.3 Philippines Handbags & Messenger Bags Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
13 Thailand Handbags & Messenger Bags Market, 2017 - 2027 |
13.1 Thailand Handbags & Messenger Bags Market, Revenues & Volume, By Product Type, 2017 - 2027 |
13.2 Thailand Handbags & Messenger Bags Market, Revenues & Volume, By Fabric Type, 2017 - 2027 |
13.3 Thailand Handbags & Messenger Bags Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
14 Malaysia Handbags & Messenger Bags Market, 2017 - 2027 |
14.1 Malaysia Handbags & Messenger Bags Market, Revenues & Volume, By Product Type, 2017 - 2027 |
14.2 Malaysia Handbags & Messenger Bags Market, Revenues & Volume, By Fabric Type, 2017 - 2027 |
14.3 Malaysia Handbags & Messenger Bags Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
15 Singapore Handbags & Messenger Bags Market, 2017 - 2027 |
16 Rest of Asia Handbags & Messenger Bags Market, 2017 - 2027 |
16.1 Rest of Asia Handbags & Messenger Bags Market, Revenues & Volume, By Product Type, 2017 - 2027 |
16.2 Rest of Asia Handbags & Messenger Bags Market, Revenues & Volume, By Fabric Type, 2017 - 2027 |
16.3 Rest of Asia Handbags & Messenger Bags Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
17 Asia Pacific Handbags & Messenger Bags Market Key Performance Indicators |
18 Asia Pacific Handbags & Messenger Bags Market - Opportunity Assessment |
18.1 Asia Pacific Handbags & Messenger Bags Market Opportunity Assessment, By Countries, 2020 & 2027F |
18.2 Asia Pacific Handbags & Messenger Bags Market Opportunity Assessment, By Product Type, 2020 & 2027F |
18.3 Asia Pacific Handbags & Messenger Bags Market Opportunity Assessment, By Fabric Type, 2020 & 2027F |
18.4 Asia Pacific Handbags & Messenger Bags Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
19 Asia Pacific Handbags & Messenger Bags Market - Competitive Landscape |
19.1 Asia Pacific Handbags & Messenger Bags Market Revenue Share, By Companies, 2020 |
19.2 Asia Pacific Handbags & Messenger Bags Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |