Handbags market in Germany in terms of revenue and volume grow at CAGRs of 3.65% and 3.33%, respectively by 2019: Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 09/28/2015 -- The Handbags market in Germany is expected to witness high year-on-year growth during the forecast period. Handbags market in Germany in terms of revenue and volume grow at CAGRs of 3.65% and 3.33%, respectively, over the period 2014-2019. The market is driven by the recovering economy, increase in disposable income as well as per capita consumption of consumers on handbags, growing fashion consciousness among consumers, and the high demand for esthetically appealing handbags among consumers.
Commenting on the report, an our analyst said: "The increased demand among working women is one of the key trends being witnessed in the market. Most working women use their handbags for multiple purposes, such as to carry laptops or tablet devices, wallets, and food. Handbags are also seen as status symbols and representative of individualistic identity."
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According to the report, the rise of e-commerce is predominantly contributing to the growth of the market in terms of revenue and volume. Demand for affordable luxury brands is one of the reasons for the high consumption of handbags in the country.
Covered in this Report
The Handbags market in Germany can be segmented into four: Totes, Shoulder Bags, Purses and Wallets, Satchels and Saddles. The Shoulder Bags was the largest segment in terms of revenue and accounted for 34.99 percent share of the market in 2014.
The report, Handbags Market in Germany 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 Germany and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Our analyst researched the following companies as the key players in handbags market in the Americas: Arezzo&Co., Burberry, Chanel, Christian Dior, Coach, D&G, Hermès International, Kate Spade, LVMH, Michael Kors, Mulberry, NOVICA, PRADA, Ralph Lauren and Tory Burch
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Other Prominent Vendors in the market are: Actual, Adidas, Aldo, Artifact Bag, AU, BAGGU, BAGSTIL, Blair Ritchey, Brynn Capella, Burrow & Hive, Calleen Cordero, cinda b, Holly Aiken, ITZALULU, J.W. Hulme, LexiWynn, Lola Falk, MaddyMoo, Merci-Fortune, Michelle Vale, Noubar, Oak73, Rebecca Ray Designs, SEA BAGS, Stone Mountain, The Frye, Tori Nicole and Victoria Leather
Further, the report states that one of the key challenges that the market faces is increased competition from counterfeit products and local brands. The easy availability of a number of inexpensive 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.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.