, /PRNewswire/ -- The global handbags market size in is estimated to grow by from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.63% during the forecast period.
Increasing consumer spending on fashion and personal goods is driving market growth, with a trend towards growing trend of personalization and customization of handbags. However, threats associated with counterfeit products poses a challenge. Key market players include alexander wang, Burberry Group Plc, Capri Holdings Ltd.
, Chanel Ltd., Guess Inc., Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, METROCITY, Prada Spa, PVH Corp.
, Sungjoo Group, Tapestry Inc., and Tory Burch LLC. Get a detailed analysis on regions, market segments, customer landscape, and companies - The handbags market in experiences growth due to increasing customization and personalization trends.
Top players offer options from strap and buckle modifications to embroidery and name tags. Monogramming and embroidery are popular, driving demand. Consumers seek individuality, enhancing personal style.
Technology advances, such as online platforms and 3D modeling software, facilitate customization, boosting sales and market expansion. The handbag market in is currently experiencing significant growth, with several brands and manufacturers making a mark. The trend towards canvas and durable materials continues, with brands like Markete and Exponenitalia leading the way.
The use of logos and brandi.