Handbags Market in India by Product and Distribution Channel - Forecast and Analysis 2021-2025
- Published: Apr 2021
- Pages: 120
- SKU: IRTNTR70514
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The handbags market in India has the potential to grow by USD 207.51 million during 2020-2025, and the market’s growth momentum will accelerate at a CAGR of 4.90%.
This handbags market research in India report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (clutches and wallets, shoulder bags, satchels and saddles, and totes) and distribution channel (offline and online). The handbags market in India report also offers information on several market vendors, including Baggit, Capri Holdings Ltd., Da Milano Leathers Pvt. Ltd., H & M Hennes & Mauritz AB, Hidesign, Kering SA, Lavie, LVMH Moet Hennessy - Louis Vuitton, The House of Tara, and VIP Industries Ltd. among others.
What will the Handbags Market Size in India be During the Forecast Period?
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Handbags Market In India: Key Drivers and Trends
The expansion of the retail and online distribution landscape is notably driving the handbags market growth in India, although factors such as threats associated with counterfeit products may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the handbags industry in India get your FREE report sample now.
Handbags Market in India Key Driver
Handbags are most commonly used by people across the world, including India, to carry personal items. This is encouraging vendors to increase their production and distribution across India. Distributors play an important role in the supply chain of several consumer goods, including handbags. With changes in consumer purchasing behavior and buying practices, the retail landscape is evolving across the world, including India. Consumers are shifting their purchasing preference from conventional stores to online channels for buying all kinds of consumer goods, including handbags. The growing Internet connectivity and the increasing adoption of smartphones further support the emergence of the online retailing of handbags in India. These factors will boost the sales of handbags through online retail channels in India during the forecast period.
Handbags Market in India Key Trend
The rising number of product endorsements by celebrities is one of the key handbags market trends. Most global and local vendors present in the handbags market in India adopt marketing strategies such as product endorsement to increase their sales in various countries, including India. Celebrity endorsements help vendors in gaining customers’ attention and improve the popularity of their products, which, in turn, is expected to increase the sales of handbags among consumers across the country. Celebrity endorsements also help in developing and strengthening customers’ trust in the quality of products that the brand offers. This, in turn, is expected to foster the growth of the handbag market in India during the forecast period.
Handbags Market in India Key Challenge
Threats associated with counterfeit products will be a major challenge for the handbags market in India. The growing market prospects of fashion products, including handbags, and their surging demand are driving the growth of the market for counterfeit leather handbags, especially in developing countries such as India. The presence of counterfeit handbags due to illegal business practices among market stakeholders leads to an uneven competitive scenario in terms of market share erosion and price standardization. The growing penetration of e-commerce platforms among consumers has further propelled the sales of counterfeit products by widening their reach in any location across India. Low product reliability negatively impacts customers’ faith and may discourage the adoption of handbags to a certain extent across India. This, in turn, will limit the growth of the handbags market in India to a certain extent.
This handbags market analysis in India report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Parent Market Analysis
Technavio categorizes the handbags market in India as a part of the global apparel, accessories, and luxury goods market within the textiles, apparel, and luxury goods market. The parent market, the global apparel, accessories, and luxury goods market, covers products and companies engaged in the manufacturing/marketing of apparel, accessories, and luxury goods. The market also includes companies offering apparel, accessories, and luxury goods rental services. The market excludes manufacturers of shoes. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.
Who are the Major Handbags Market In India Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Capri Holdings Ltd.
- Da Milano Leathers Pvt. Ltd.
- H & M Hennes & Mauritz AB
- Kering SA
- LVMH Moet Hennessy - Louis Vuitton
- The House of Tara
- VIP Industries Ltd.
The handbags market in India is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
Product Insights and News
- Capri Holdings Ltd - In March 2021, the company announced the appointment of Alejandro Martinez-Galindo as Chief Information Officer of Capri Holdings.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the handbags market forecast in India report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Handbags Market in India Value Chain Analysis
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the industry includes the following core components:
- Inbound logistics
- Outbound logistics
- Marketing and sales
- Support activities
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Product Segments in the Handbags Market in India?
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The growing disposable income, rising spending by millennials on designer products, surging demand for luxury and premium leather wallets, and increasing number of working women across India are the major factors expected to boost the demand for clutches and wallets and thereby drive the growth of the segment in the handbags market in India during the forecast period. Therefore, the growth of the market segment is expected to be significant during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the handbags market size in India.
What are the Key Factors Covered in this Handbags Market in India Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive handbags market growth in India during the next five years
- Precise estimation of the handbags market size in India and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the handbags industry in India
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of handbags vendors in India
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Handbags Market In India Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5%
Market growth 2021-2025
$ 207.51 million
YoY growth (%)
Leading companies, competitive strategies, consumer engagement scope
Baggit, Capri Holdings Ltd., Da Milano Leathers Pvt. Ltd., H & M Hennes & Mauritz AB, Hidesign, Kering SA, Lavie, LVMH Moet Hennessy - Louis Vuitton, The House of Tara, and VIP Industries Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
2.2 Consumer discretionary industry
2.2.1 Consumer durables and apparel industry
184.108.40.206 COVID-19 impact
220.127.116.11 Recovery strategies
2.2.2 Consumer service industry
18.104.22.168 COVID-19 impact
22.214.171.124 Recovery strategies
2.2.3 Automobiles and components industry
126.96.36.199 COVID-19 impact
188.8.131.52 Recovery strategies
184.108.40.206 COVID-19 impact
220.127.116.11 Recovery strategies
Exhibit 01: Parent market
Exhibit 02: Market Characteristics
2.3 Value chain analysis
Exhibit 03: Value Chain Analysis for educational services
2.3.2 Inbound Logistics
2.3.4 Outbound Logistics
2.3.5 Marketing and sales
2.3.7 Support activities
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Country - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Country market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
Market Segmentation by Product
5.1 Market segments
The segments covered in this chapter are:
- Clutches and wallets
- Shoulder bags
- Satchels and saddles
The two segments have been ranked based on their market share in 2020. The clutches and wallets segment constituted the largest segment in 2020, while the smallest segment was totes.
Exhibit 15: Service - Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 Clutches and wallets - Market size and forecast 2020-2025
Exhibit 17: Clutches and wallets - Market size and forecast 2020-2025 ($ billion)
Exhibit 18: Clutches and wallets - Year-over-year growth 2020-2025 (%)
5.4 Shoulder bags - Market size and forecast 2020-2025
Exhibit 19: Shoulder bags - Market size and forecast 2020-2025 ($ billion)
Exhibit 20: Shoulder bags - Year-over-year growth 2020-2025 (%)
5.5 Satchels and saddles - Market size and forecast 2020-2025
Exhibit 21: Satchels and saddles - Market size and forecast 2020-2025 ($ billion)
Exhibit 22: Satchels and saddles - Year-over-year growth 2020-2025 (%)
5.6 Totes - Market size and forecast 2020-2025
Exhibit 23: Totes - Market size and forecast 2020-2025 ($ billion)
Exhibit 24: Totes - Year-over-year growth 2020-2025 (%)
5.7 Market opportunity by Product
Exhibit 25: Market opportunity by Product
6. Market Segmentation by Distribution Channel
6.1 Market segments
The segments covered in this chapter are:
The two segments have been ranked based on their market size in 2020. Offline constituted the largest segment in 2020. The 2020 market position of the two segments will likely remain the same in 2025. The ranking of the segments will not change by 2025
Exhibit 26: Distribution Channel - Market share 2020-2025 (%)
6.2 Comparison by Distribution Channel
Exhibit 27: Comparison by Distribution Channel
6.3 Offline- Market size and forecast 2020-2025
Exhibit 28: Offline - Market size and forecast 2020-2025 ($ million)
Exhibit 29: Online - Year-over-year growth 2020-2025 (%)
6.4 Online - Market size and forecast 2020-2025
Exhibit 30: Online - Market size and forecast 2020-2025 ($ million)
Exhibit 31: Online - Year-over-year growth 2020-2025 (%)
6.5 Market opportunity by Distribution Channel
Exhibit 32: Market opportunity by Distribution Channel
7. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 33: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Expansion of retail and online distribution landscape
8.1.2 Rising number of product endorsements by celebrities
8.1.3 Growing purchase of handbags by millennials and working women
8.2 Market challenges
8.2.1 Threats associated with counterfeit products
8.2.2 Long product replacement cycles
8.2.3Volatility in raw material prices and presence of various local vendors
Exhibit 34: Impact of drivers and challenges
8.3 Market trends
8.3.1 Personalization and customization of handbags
8.3.2 Increasing demand for eco-friendly and sustainable handbags
8.3.3 Business strategies
9. Vendor Landscape
Exhibit 40: Vendor landscape
9.2 Landscape disruption
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
Exhibit 41: Landscape disruption
Exhibit 42: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 43: Vendors covered
10.2 Market positioning of vendors
Exhibit 44: Market positioning of vendors
Exhibit 40: Baggit - Overview
Exhibit 41: Baggit - Product and service
Exhibit 42: Baggit - Key offerings
10.4 Capri Holdings Ltd.
Exhibit 43: Capri Holdings Ltd. - Overview
Exhibit 44: Capri Holdings Ltd. - Business segments
Exhibit 45: Capri Holdings Ltd. - Key news
Exhibit 46: Capri Holdings Ltd. - Key offerings
Exhibit 47: Capri Holdings Ltd. - Segment focus
10.5 Da Milano Leathers Pvt. Ltd.
Exhibit 48: Da Milano Leathers Pvt. Ltd. - Overview
Exhibit 49: Da Milano Leathers Pvt. Ltd. - Product and service
Exhibit 50: Da Milano Leathers Pvt. Ltd. - Key offerings
10.6 H & M Hennes & Mauritz AB
Exhibit 51: H & M Hennes & Mauritz AB - Overview
Exhibit 52: H & M Hennes & Mauritz AB - Business segments
Exhibit 53: H & M Hennes & Mauritz AB - Key offerings
Exhibit 54: H & M Hennes & Mauritz AB - Segment focus
Exhibit 55: Hidesign - Overview
Exhibit 56: Hidesign - Product and service
Exhibit 57: Hidesign - Key offerings
10.8 Kering SA
Exhibit 58: Kering SA - Overview
Exhibit 59: Kering SA - Business segments
Exhibit 60: Kering SA - Key offerings
Exhibit 61: Kering SA - Segment focus
Exhibit 62: Lavie - Overview
Exhibit 63: Lavie - Product and service
Exhibit 64: Lavie - Key offerings
10.10 LVMH Moet Hennessy - Louis Vuitton
Exhibit 65: LVMH Moet Hennessy - Louis Vuitton - Overview
Exhibit 66: LVMH Moet Hennessy - Louis Vuitton - Business segments
Exhibit 67: LVMH Moet Hennessy - Louis Vuitton - Key offerings
Exhibit 68: LVMH Moet Hennessy - Louis Vuitton - Segment focus
10.11 The House of Tara
Exhibit 69: The House of Tara - Overview
Exhibit 70: The House of Tara - Product and service
Exhibit 71: The House of Tara - Key offerings
10.12 VIP Industries Ltd.
Exhibit 72: VIP Industries Ltd. - Overview
Exhibit 73: VIP Industries Ltd. - Business segments
Exhibit 74: VIP Industries Ltd. - Key offerings
Exhibit 75: VIP Industries Ltd. - Segment focus
11.1 Scope of the report
11.1.1 Market definition
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 76: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 77: Research Methodology
Exhibit 78: Validation techniques employed for market sizing
Exhibit 79: Information sources
11.4 List of abbreviations
Exhibit 80: List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Expansion of retail and online distribution landscape
- Personalization and customization of handbags
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