Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Handbags Market in India 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The handbags market in India is experiencing significant momentum, projected to increase by USD 1.42 billion during the 2022-2027 period with a robust CAGR of 7.15%. A thorough analysis reveals key insights into market size, forecasts, trend trajectories, growth inducers, and sectoral challenges. This rich tapestry of market dynamics is encapsulated in a holistic industry report that now enriches the knowledge base available on our website.
Driving the ascendant trajectory of India's handbag sector are multifaceted factors, including an expansive retail and online distribution sphere, elevation in celebrity product endorsements, and a surge in demand from millennials and the contemporary working woman demographic. The confluence of these elements is reshaping the Indian handbags landscape, propelling forward the accessory's market prominence.
Detailed within the report are the following market segments:
- Totes
- Clutches and Wallets
- Shoulder Bags
- Satchels and Saddles
These are further dissected into distribution channels:
- Offline
- Online
Highlighted as a key trend in the forthcoming period is the burgeoning consumer appetite for eco-friendly and sustainable handbags. Innovation in design and material leading to premium product offerings, alongside an upswing in personalized and customized handbag options, is expected to fuel market growth significantly.
The report's meticulous vendor analysis promises to furnish stakeholders with strategic insights to sharpen their competitive edge in this vibrant market. Outlined are the practices and market positions of paramount vendors, including an array of esteemed brands making substantial inroads in the Indian handbag sector.
The meticulous compilation of this report integrates primary and secondary research, integrating viewpoints from key industry participants. This culminates in an expansive market landscape, complete with precise analysis of vendors.
By employing a strategic blend of synthesis, study, and summation of pertinent data, the report succeeds in painting a detailed picture of the handbags market in India. It serves as a vital resource for companies strategizing to grasp and wield the manifold growth opportunities forecasted for the coming years.
The deep dive into the Indian handbags market provides stakeholders with the intelligence needed to navigate the competitive and promotional landscape effectively. As the industry continues to expand, this report stands as an indispensable beacon of market knowledge, wholly accessible for enrichment on our informational platform.
A selection of companies mentioned in this report includes
- 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
- ALDO Group Inc.
For more information about this report visit https://www.researchandmarkets.com/r/wltygz
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