Global Luxury Handbags Market Research Report: Forecast (2022-27)

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Global Luxury Handbags Market Research Report
Forecast (2022-27)
UPDATED SAMPLE 2024-30
MARKNTEL ADVISORS
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Company Overviews
MarkNtel Advisors is a leading consulting, data
analytics, and market research firm that provides
an extensive range of strategic reports on
diverse industry verticals. We being a
qualitative quantitative research company,
strive to deliver data to a substantial varied
client base, including multinational
corporations, financial institutions,
governments, and individuals, among others. We
have our existence across the market for many
years and have conducted multi-industry research
across 80 countries, spreading our reach across
numerous regions like America, Asia-Pacific,
Europe, the Middle East Africa, etc., and many
countries across the regional scale, namely, the
US, India, the Netherlands, Saudi Arabia, the
UAE, Brazil, and several others.
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Our Vision and Mission
Our Vision
Our Mission
We help our investors to establish robust
strategies for the implementation of best
practices to overcome challenges tap new
opportunities for their growth in the industry.
Our goal is to benefit individuals communities
by working with our clients in diverse ways. We
understand that making durable, substantial, and
unique improvements in the overall performance
and establishing oneself comes with great
backstories for firms. Hence, MarkNtel Advisors
aims to put together values that reflect
adherence to professional standards. Our core
values revolve around putting the interests
requirements of our clients ahead of our
organization delivering exceptional services
while maintaining utmost professionalism. We
believe in preserving the confidence of our users
maintaining an independent perspective while
utilizing resources intelligently
cost-effectively, creating abiding associations
based on trust.
Our team entails professional analysts and
researchers who intelligently utilize research
techniques to procure detail-driven, unbiased,
and reliable data encompassing the industry. We
aim to nurture a result-oriented team to offer
strategically-moving insights to our clients.
Our fact-based reports allow the user to design
their motives, funds, and strategies, with a
higher focus on mitigating confusion and bringing
forward a clear insight into the industry. It
further allows the clients to identify the
lucrative opportunities awaiting. Insights
offered by MarkNtel Advisors comprise in-depth
information on regional country-based trends
emerging in the industry. The team studies
compiles the prospects, ensuring consistency in
reports. Our services are beyond offering
research reports to the clients and further
expand into addressing queries while
incorporating with them for advice, development,
execution of strategies for exception growth.
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Market Insights
The Global Luxury Handbags Market is projected to
grow at a CAGR of around 6.3 during the forecast
period, i.e., 2022-27. The growth of the market
is driven primarily by the swiftly expanding
fashion sector entwined with an escalating
working female population. Besides, with the
growing brand awareness among consumers their
swiftly improving economic conditions, changing
living standards, and greater preference toward
luxury living, the sales of extravagant handbags
are accelerating rapidly fueling the overall
market growth.
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Possible Restraint
Easy Availability of Substitutes like Backpacks,
Briefcases, String Bags, and others Since the
demand for bags would always remain prevalent
among people of all ages for different
applications, the easy widespread availability
of alternatives like backpacks, string bags,
briefcases, etc., might change consumer
preference for luxury handbags, and, as a result,
would negatively impact the growth of the Global
Luxury Handbags Market in the coming years.
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Market Segments
By Product (Tote, Clutch, Satchel, Others (Hobo,
Body Cross, Saddle)) By Raw Material (Leather,
Fabric) By Consumer Group (Men, Women, Unisex) By
Distribution Channel (Online, E-commerce
Websites, Company Owned Websites, Offline
(Specialty Stores, Mega Retail Stores, Others
(Individual Stores, Departmental Stores, etc.)),
By Region (North America, South America, Europe,
Middle East Africa, Asia-Pacific)
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Top Companies
Burberry, Calvin Klein Inc., Coach IP Holdings
LLC, Chanel Ltd, Fendi, Giorgio Armani S.p.A. ,
Guccio Gucci S.p.A., Hermès International S.A.,
Kate Spade, Louis Vuitton Malletier, Michael Kors
Holdings Ltd, Prada S.p.A. , Others
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MarkNtel Advisors Target Geographies- Focus Areas
MarkNtel has strategically defined its target
areas which are based on evaluation by its
analysts after analysing the growth potential of
various regions. Few of those parameters
include -Political, Economic, Social,
Technological and Environmental Analysis -Credit
Ratings provided by leading institutions -GDP
projections by bodies such as the World Bank,
IMF, OECD, etc. -Market Disruptions and the Next
Big Things
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Our 360Approach Combining Various Techniques to
Deliver Holistic Solutions
Data Insights
Secondary Research
Primary Research

• Internal CRM/sales data
• Social media data
• Data modelling for forecasting and market sizing

• Desktop research
• Syndicated research reports
• Proprietary databases
• Industry associations trade data

• In-depth stakeholder interviews
• Consumer surveys
• Mystery surveys
• Expert interviews

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Our Contact Information
1 628 895 8081, 91 120 4278433
sales_at_marknteladvisors.com
www.marknteladvisors.com
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THANK YOU FOR ATTENDING
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