Boston, MA -- (SBWIRE) -- 09/01/2015 -- Fast Market Research announces the availability of Technavio's new report "Global Satchel and Saddle Bags Market 2015-2019" on their comprehensive research portal.

Satchel and saddle bags are among the most desirable and popular fashion products for men and women. They are not only comfortable and convenient to carry but have become a fashion statement. Modern day handbags are also seen as a status symbol that signify power and wealth. Consequently, the demand for luxury and premium handbags is gaining popularity and is being considered as individualistic identity and fashion statement. These bags have become the most desirable fashion accessory after footwear and jewelry. Various handbag companies are adopting innovative strategies according to the changing consumer demography and preferences, such as rising demand for eco-friendly handbags. Also, the launch of designer bags exclusively for men is gaining attention.

Get More Details on this Report and a Full Table of Contents at Global Satchel and Saddle Bags Market 2015-2019

Technavio's analysts forecast the global satchel and saddle bags market, in terms of revenue and volume, to grow at CAGRs of 4.50% and 3.83%, respectively, over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global Satchel and Saddle Bags Market 2015-2019

Commenting on the report, an analyst from Technavio?s team said: ?Increase in demand from working women is one of the key trends upcoming in the market. Working women readily spend money on handbags and luxury goods and are well informed about the different brands available. Most working women use their handbags for multiple purposes, such as to carry laptops or tablets, wallets, and food. Handbags are also seen as status symbols and representative of individualistic identity.?

According to the report, among the major consumer segments, the significant growth of the middle-income consumer group, in terms of disposable income and spending on lifestyle products, has been growing steadily in recent years. This, in turn, has made the middle-income consumer group a potential segment for vendors in the market.

Further, the report states that one of the main challenges hindering the growth of the market is the increasing competition from counterfeit or fake products. The easy availability of a number of cheap handbag brands in the market is leading to market fragmentation, resulting in a lack of price standardization, an uneven competitive scenario, and market share erosion.

The key players in the Global Satchel and Saddle Bags Market are Burberry Group plc, Chanel SA, Coach Inc., Etienne Aigner, Furla, Herm?s International SA, Kate Spade, LVMH, Michael Kors, Mulberry, Prada, Ralph Lauren and Tory Burch while other prominent vendors include Alfred Dunhill, Baggit, Bryn Capella, Bottega Veneta, Buggatti, Calleen Cordero, Cambridge Satchel Company, Caprese, Changshu Maydiang Group, Da Milano, Dolce & Gabbana, Donna Karan International (DKNY), Ferrari, Fossil Guess, Giordano Fashions, Hidesign, Holi, J.W. Hulme, Kikuhiro, Kenneth Cole Productions, LADIDA, Lavie, L.Credi, LexiWynn, Lipault Paris, Longchamp, Lulu Guinness, Mandarina Duck, Mango Bags, Oroton Group, Paul Costello, Paul Smith, Powerland Group, PUIG, Puma, Ralph Lauren, River Island, Russell & Brombley, Smythson, TLG Brands, Vanessa Bruno, Victoria Leather, VF and Zatchels

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Consumer Goods research reports at Fast Market Research

You may also be interested in these related reports:

- Global Shoulder Bags Market 2015-2019
- Global Baby Travel Bags Market 2015-2019
- Travel and Business Bags Market in Germany 2015-2019
- Handbags Market in France 2015-2019
- Global Camping Sleeping Bags Market 2015-2019