Lewes, DE -- (SBWire) -- 04/14/2015 --Report forecast the Handbags market in the UK, in terms of revenue and volume, to grow at CAGRs of 8.45 percent and 7.01 percent, respectively, over the period 2014-2019.
The Handbags market in the UK is expected to witness high year-on-year growth. The market is driven by recovering economy, increase in disposable income as well as per capita consumption of consumers on handbags, growing occasions of using a variety of handbags, and the high demand for esthetically appealing handbags by consumers. The number of bags owned per person is also acting as another major growth factor to this market. Hence, the market is expected to grow with the introduction of new products during the forecast period.
The report covers the present scenario and the growth prospects of the Handbags market in the UK for the period 2015-2019. The market can be segmented into four: Totes, Shoulder Bags, Purses and Wallets, Satchels and Saddles. The Totes was the largest segment in terms of revenue and accounted for 30.77 percent share of the market in 2014.
According to the report, one of the main drivers of the Handbags market in the UK is the increase in consumer income levels, thereby increasing their purchasing power. This in turn is influencing demand for expensive and premium handbag brands and PCC by consumers.
Further, the report states that one of the major challenges hindering the growth of the Handbags market in the UK is the decline in the UK's population. A decline in population is expected to have a negative impact on the demand for handbags.
The Handbags Market in the UK 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the Handbags market in the UK and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key players in the Handbags Market in the UK: Burberry Group plc, Chanel SA, Coach Inc., Guccio Gucci SpA, Hermès International SA, LVMH Moët Hennessy, Michael Kors (USA) Inc., Mulberry Group plc, Prada SpA and Radley + Co Ltd.
Other Prominent Vendors in the market are: Adidas, Aldo, Alfred Dunhill, Aspinal of London, Boconi, Bottega Veneta, Buggatti, C & J Clark International, Cambridge British Satchel Company, Crew Clothing, Dolce & Gabbana, Donna Karan International (DKNY), Ferrari , Fossil, French Connection, Gianni Versace, Goyard, Guess, Iconix Brand Group, Incra srl (Calabrese), Kenneth Cole Productions, L.Credi, Lipault Paris, Longchamp, Lulu Guinness, Mandarina Duck, McKlein, New Look Retailers, Nicole Lee, Osprey London, Paul Costelloe, Paul Smith, PUIG, Puma, Ralph Lauren, River Island, Russell & Bromley, Smythson, The British Bagmakers, VF, TLG Brands and Vow London
Market Driver
- Growing Income Levels of Consumers
- For a full, detailed list, view our report
Market Challenge
- Decline in UK's Population
- For a full, detailed list, view our report
Market Trend
- Growing E-commerce in the UK
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth 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 faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 184 pages, "Handbags Market in the UK 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Overview of Luggage Market, Factors that Affect Global Luggage Market, PEST Analysis, Distribution Channels in Global Luggage Industry, UK: Country Overview, Market Landscape, AP, PCC, and PCE of Handbags, Purchase Index for Handbags, Market Segmentation by Product, Segmentation of Market by Material, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/handbags-market-uk-2015-2019
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