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Global Satchel and Saddle Bags Market 2015-2019
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Global Satchel and Saddle Bags Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
For more information on theGlobal Satchel and Saddle Bags Market 2015-2019,
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Key Trends
Technavio’s Senior Analyst says, “The growth of the market is curtailed by some serious challenges, a major challenge being the increased competition from local brands. The highly fragmented nature of the market is another factor that hinders market growth.”
• 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.
• 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.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Satchel and Saddle Bags Market 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our report:
Global Satchel and Saddle Bags Market 2015-2019
Burberry
Chanel
Coach
Burberry is one of the leading players in the global luxury handbags market. The company targets premium customers and is now focusing on an emerging new class of young consumers in developing economies. The company is also interested in increasing its sales through travel retail because of the growing travel retail market and increasing tourism activities across the globe.
Chanel is a French, privately owned fashion house and luxury goods manufacturer. It manufactures a variety of products ranging from fragrances to apparel, watches, handbags, and leather goods.
Coach is a popular brand in the US associated with classic handbags and accessories. It is witnessing competition from vendors such as Michael Kors, Kate Spade, and Tory Burch.
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Market Landscape
• Modern handbags are seen as status symbols and representative of individualistic identity.
• Consequently, demand for luxury and premium handbags is gaining popularity.
• Various handbag companies are adopting innovative strategies to cater to the changing consumer demography and demand for environmentally friendly handbags.
• Although the handbags market is for both men and women, it is still seen as an industry driven by women.
• The availability of a wide variety of colors, patterns, and sizes for women compared to men makes it a women-oriented market.
• However, now the launch of designer bags exclusively for men is also gaining attention in the market.
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Key Buying Criteria
Parameters Details
Brand The brand image of vendors of handbags should be positive
DesignProducts should follow the latest fashion trends or classic designs; however, this should not compromise on quality and convenience of use
Marketing CampaignsVarious marketing and advertisement campaigns should be conducted to guide consumers to their respective stores and websites
Material Materials used for the manufacture of handbags should be of good quality
Price Handbags should be available at affordable prices
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Satchel and Saddle Bags Market 2015-2019
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