Luxury Handbags Market by Distribution Channel, Type, and Geography - Forecast and Analysis 2023-2027

Published: Jan 2023 Pages: 174 SKU: IRTNTR44325

The luxury handbags market is estimated to grow at a CAGR of 7.68% between 2022 and 2027. The size of the market is forecast to increase by USD 29,125.59 million. The growth of the market depends on several factors, including design and material innovation leading to product premiumization, the high influence of celebrity endorsements on purchase decisions, and increased expenses by international tourists. 

This report extensively covers market segmentation by distribution channel (offline and online), type (handbag, backpack, wallet, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.

What will be the size of the Luxury Handbags Market During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global luxury handbags market 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. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Luxury Handbags Market: Key Drivers, Trends, Challenges, and Customer Landscape

The high influence of celebrity endorsements on purchase decision are notably driving market growth, although factors such as rising labor cost and fluctuating raw material prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Luxury Handbags Market Driver

The high influence of celebrity endorsements is notably in driving the market growth. The fashion industry has been experiencing rapid changes and advances over the last two decades, mostly due to the growth in the number of fashion-conscious consumers, especially in developing regions. Endorsements and the use of fashion products, such as luxury handbags by celebrities, serve as catalysts in propelling purchase decisions.

Manufacturers of handbags and personal luxury goods adopt different marketing campaigns and strategies to expand their consumer base. Celebrity endorsement is a popular marketing tool used by vendors to build their brand image and trigger the sales of luxury handbags. Celebrities such as Taylor Swift, Beyonce, Hailey Baldwin, Selena Gomez, and Kendall Jenner often endorse new products and brands. Furthermore, online advertising is also an essential part of marketing strategies. Vendors often sign multi-year endorsement agreements with high-profile celebrities to enhance their brand value. Therefore, these marketing initiatives will propel the growth of the global market during the forecast period.

Significant Luxury Handbags Market Trend

Personalization and customization of luxury handbags are emerging trends in the market. Customization of luxury handbags is an emerging trend among target customers. The customization of products is not only limited to luxury handbags but exists for luxury handbags made of materials, including hard metal (e.g., gold and silver) and precious stones (e.g., diamonds), particularly in the fashion industry. 

In the luxury segment, leading market players offer customized products that enhance the aesthetic appeal of their offerings. The extent of personalization can vary from the strap and buckles to embroidery or adding a name. Moreover, the concept of monogramming and embroidery is trending in the luxury handbags segment, particularly among women. For example, The Monogram Shop by Capri customization allows customers to personalize handbags, which renders them more unique and expensive than a standard product. Thus, the rise in customization and personalization of luxury handbags globally complements market growth through new purchases. Hence, such factors will boost the global market growth during the forecast period. 

Major Luxury Handbags Market Challenge

The rising labor costs and fluctuating raw material prices are major challenges impeding market growth. Many international vendors have their factories or original equipment manufacturers (OEMs) located in Asian countries, such as China, Indonesia, Bangladesh, and Vietnam. This is because labor costs have grown rapidly in the last decade, thereby raising their production cost. The changing economic conditions have also adversely affected the labor costs of other international countries from where the company imports its supplies. Therefore, an increase in the production cost of the vendors lowers their profit margins and proves to be a challenge for the vendors.

Furthermore, the process of manufacturing luxury handbags includes the procurement and use of several raw materials. The fluctuations in raw material costs also pose a challenge to global manufacturers. Moreover, the price of these materials also depends on transportation costs as they include the supply of raw materials to factories, the supply of intermediary goods to production sites, the transportation of end products to warehouses, and the delivery of finished goods to end users. Therefore, an increase in transportation costs increases the cost of the end products. However, since the market is highly competitive, it restricts vendors from increasing the prices of the end products, thereby reducing profit margins, which, in turn, may hamper the growth of the market in focus during the forecast period.

Key Luxury Handbags Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Luxury Handbags Market Customer Landscape

Who are the Major Luxury Handbags Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Dolce and Gabbana S.r.l. - The company operates under one segment. The company under this segment offers footwear, clothing, accessories, and beauty products for men, women, and children. The key offerings of the company include luxury handbags. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • 3.1 Phillip Lim Retail LLC
  • CHANEL Ltd.
  • Mulberry Group Plc
  • Burberry Group Plc
  • Capri Holdings Ltd.
  • Compagnie Financiere Richemont SA
  • Fendi
  • Giorgio Armani S.p.A.
  • Hermes International SA
  • Kering SA
  • Maus Freres SA
  • Prada Spa
  • PVH Corp.
  • Ralph Lauren Corp.
  • Rebecca Minkoff LLC

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Luxury Handbags Market?

The market share growth by the offline segment will be significant during the forecast period. Offline distribution channels include retail formats such as specialty stores, hypermarkets, departmental stores, convenience stores, supermarkets, and warehouse clubs.

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The offline segment was valued at USD 52,955.00 million in 2017 and continued to grow until 2021. The specialty stores segment comprises exclusive brand stores, multi-brand stores, apparel stores, and personal goods stores. The brand specialty retail stores also help vendors plan their budgets for marketing, advertising, promotions, brand building, training, and IT support. On the other hand, the hypermarkets, supermarkets, convenience stores, and clubhouse stores segment offer a variety of brands and stock-keeping units (SKUs) at competitive prices. They have dedicated aisles for luxury goods, including luxury handbags, which increase the visibility of the latest luxury handbags and trendy fashions. Furthermore, department stores are one-stop solutions for shopping. The availability of all products at a single stop is the major factor for consumers to select department stores. Popular department stores that sell luxury handbags include Nordstrom, Barneys New York, Macy, and Sears Brands. Therefore, such factors will propel the growth of the offline segment in the global market during the forecast period.

Which are the Key Regions for the Luxury Handbags Market?

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Europe is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

European countries, especially Western European countries, are considered hubs of luxury goods due to the presence of various well-known personal luxury goods brands such as Hermes International SA and Kering SA. This huge availability of personal luxury goods in the region is the principal factor that makes Europe the largest market. The major share of the market in Europe comes from France, followed by Italy and the UK.

Moreover, individuals in countries like Germany are fashion-conscious, and the popularity of luxury products, especially among women, is one of the primary drivers for the market in the country. Additionally, the emergence of online retailers and rising online campaigns have increased the sales of these handbags and other luxury products through online platforms. 

Furthermore, the prominent European tourism market also encourages tourists to spend on luxury goods. Wealthy tourists from countries like China and Middle Eastern countries visit  Europe for luxury shopping. Therefore, this increases the sales of luxury products. In addition to this, spending in the men's segment on luxury products is one of the latest trends in the market. Fashion weeks, online platforms such as blogs and social media, and the prevalence of online retailers are driving men toward luxury goods. Therefore, all these factors will aid the regional market growth during the forecast period. 

The regional market was highly impacted by the COVID-19 pandemic in 2020. However, in 2021, due to the vaccination drives, various business and industrial activities related to the manufacturing of luxury goods, such as handbags, resumed. Furthermore, rising consumer living standards supported by their increasing disposable income levels are augmenting the sales of personal luxury handbags in Europe. Hence, the abovementioned factors are expected to boost regional market growth during the forecast period. 

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027. 

  • Distribution Channel Outlook (USD Million, 2017 - 2027)
    • Offline
    • Online
  • Type Outlook (USD Million, 2017 - 2027)
    • Handbag
    • Backpack
    • Wallet
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Luxury Handbags Market Scope

Report Coverage

Details

Page number

174

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.68%

Market growth 2023-2027

USD 29,125.59 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.65

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 33%

Key countries

US, China, Japan, France, Italy, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3.1 Phillip Lim Retail LLC, CHANEL Ltd., Mulberry Group Plc, Burberry Group Plc, Capri Holdings Ltd., Compagnie Financiere Richemont SA, Dolce and Gabbana S.r.l., Fendi, Giorgio Armani S.p.A., Hermes International SA, Kering SA, Maus Freres SA, Prada Spa, PVH Corp., Ralph Lauren Corp., Rebecca Minkoff LLC, River Light V L.P., Sungjoo Group, Tapestry Inc., and The LVMH group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Luxury Handbags Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the luxury handbags market between 2023 and 2027
  • Precise estimation of the luxury handbags market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across Europe, North America, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of luxury handbags market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global luxury handbags market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global luxury handbags market 2017 - 2021 ($ million)
    • 4.2 Distribution Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Distribution Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 32: Chart on Comparison by Distribution Channel
      • Exhibit 33: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 6.4 Online - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 42: Market opportunity by Distribution Channel ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 Handbag - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Handbag - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Handbag - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Handbag - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Handbag - Year-over-year growth 2022-2027 (%)
    • 7.4 Backpack - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Backpack - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Backpack - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Backpack - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Backpack - Year-over-year growth 2022-2027 (%)
    • 7.5 Wallet - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Wallet - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Wallet - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Wallet - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Wallet - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 63: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 France - Market size and forecast 2022-2027
      • Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.11 Italy - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 UK - Market size and forecast 2022-2027
      • Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.14 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 Burberry Group Plc
              • Exhibit 120: Burberry Group Plc - Overview
              • Exhibit 121: Burberry Group Plc - Business segments
              • Exhibit 122: Burberry Group Plc - Key offerings
              • Exhibit 123: Burberry Group Plc - Segment focus
            • 12.4 Capri Holdings Ltd.
              • Exhibit 124: Capri Holdings Ltd. - Overview
              • Exhibit 125: Capri Holdings Ltd. - Business segments
              • Exhibit 126: Capri Holdings Ltd. - Key news
              • Exhibit 127: Capri Holdings Ltd. - Key offerings
              • Exhibit 128: Capri Holdings Ltd. - Segment focus
            • 12.5 CHANEL Ltd.
              • Exhibit 129: CHANEL Ltd. - Overview
              • Exhibit 130: CHANEL Ltd. - Business segments
              • Exhibit 131: CHANEL Ltd. - Key offerings
              • Exhibit 132: CHANEL Ltd. - Segment focus
            • 12.6 Compagnie Financiere Richemont SA
              • Exhibit 133: Compagnie Financiere Richemont SA - Overview
              • Exhibit 134: Compagnie Financiere Richemont SA - Business segments
              • Exhibit 135: Compagnie Financiere Richemont SA - Key offerings
              • Exhibit 136: Compagnie Financiere Richemont SA - Segment focus
            • 12.7 Fendi
              • Exhibit 137: Fendi - Overview
              • Exhibit 138: Fendi - Product / Service
              • Exhibit 139: Fendi - Key offerings
            • 12.8 Hermes International SA
              • Exhibit 140: Hermes International SA - Overview
              • Exhibit 141: Hermes International SA - Business segments
              • Exhibit 142: Hermes International SA - Key offerings
              • Exhibit 143: Hermes International SA - Segment focus
            • 12.9 Kering SA
              • Exhibit 144: Kering SA - Overview
              • Exhibit 145: Kering SA - Business segments
              • Exhibit 146: Kering SA - Key offerings
              • Exhibit 147: Kering SA - Segment focus
            • 12.10 Mulberry Group Plc
              • Exhibit 148: Mulberry Group Plc - Overview
              • Exhibit 149: Mulberry Group Plc - Business segments
              • Exhibit 150: Mulberry Group Plc - Key offerings
              • Exhibit 151: Mulberry Group Plc - Segment focus
            • 12.11 Prada Spa
              • Exhibit 152: Prada Spa - Overview
              • Exhibit 153: Prada Spa - Product / Service
              • Exhibit 154: Prada Spa - Key offerings
            • 12.12 PVH Corp.
              • Exhibit 155: PVH Corp. - Overview
              • Exhibit 156: PVH Corp. - Business segments
              • Exhibit 157: PVH Corp. - Key offerings
              • Exhibit 158: PVH Corp. - Segment focus
            • 12.13 Ralph Lauren Corp.
              • Exhibit 159: Ralph Lauren Corp. - Overview
              • Exhibit 160: Ralph Lauren Corp. - Business segments
              • Exhibit 161: Ralph Lauren Corp. - Key offerings
              • Exhibit 162: Ralph Lauren Corp. - Segment focus
            • 12.14 River Light V L.P.
              • Exhibit 163: River Light V L.P. - Overview
              • Exhibit 164: River Light V L.P. - Product / Service
              • Exhibit 165: River Light V L.P. - Key offerings
            • 12.15 Sungjoo Group
              • Exhibit 166: Sungjoo Group - Overview
              • Exhibit 167: Sungjoo Group - Product / Service
              • Exhibit 168: Sungjoo Group - Key offerings
            • 12.16 Tapestry Inc.
              • Exhibit 169: Tapestry Inc. - Overview
              • Exhibit 170: Tapestry Inc. - Business segments
              • Exhibit 171: Tapestry Inc. - Key offerings
              • Exhibit 172: Tapestry Inc. - Segment focus
            • 12.17 The LVMH group
              • Exhibit 173: The LVMH group - Overview
              • Exhibit 174: The LVMH group - Business segments
              • Exhibit 175: The LVMH group - Key offerings
              • Exhibit 176: The LVMH group - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 177: Inclusions checklist
                • Exhibit 178: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 179: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 180: Research methodology
                • Exhibit 181: Validation techniques employed for market sizing
                • Exhibit 182: Information sources
              • 13.5 List of abbreviations
                • Exhibit 183: List of abbreviations
              • raw material prices: In recent times, key manufacturers have been experiencing fluctuations in their profit margins due to the fluctuating prices of raw materials. For instance, the prices of synthetic fibers, such as Spandex (also known as Lycra or elastane in different regions), keep fluctuating. Besides, the unavailability of high-quality polyester fibers is increasing their prices. Subsequently, such volatility results in the high prices of apparel made using these raw materials. The continuous change in the profit margins of market competitors due to the volatility of raw material prices acts as a major challenge for the growth of the global apparel, accessories, and luxury goods market. The lag between cost fluctuations and the ability of market competitors to increase product prices can negatively impact the profit margins of vendors. The fluctuations in the prices of raw materials make manufacturers unable to anticipate their investments or control costs. Moreover, cost-driven end-users prefer reasonably priced apparel rather than investing heavily in global brands, which reduces the sales potential and revenue of competitors.

                Research Framework

                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.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

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