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Tote Bags Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Apr 2022
  • Pages: 141
  • SKU: IRTNTR70261
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The predicted growth for the tote bags market share from 2021 to 2026 is USD 7.47 billion at a progressing CAGR of 6.37%.

This tote bags market forecast report extensively covers segmentations by:

  • Distribution Channel - Offline and online
  • Geography - Europe, APAC, North America, Middle East and Africa, and South America

The tote bags market report also offers information on several market vendors, including Burberry Group Plc, Capri Holdings Ltd., CHANEL Ltd., Dolce and Gabbana Srl, Double R Bags, Giorgio Armani Spa, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, PRADA Group, PVH Corp., Ralph Lauren Corp., Ronak Industries, Samsonite International SA, Tapestry Inc., Targus Inc., Tods Spa, VF Corp., and VIP Industries Ltd. among others. Furthermore, our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.

What will the Tote Bags Market Size be During the Forecast Period?

Tote Bags Market Size

Download the Free Report Sample to Unlock the Tote Bags Market Size for the Forecast Period and Other Important Statistics

 

Tote Bags Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The personalization and customization of luxury tote bags is notably driving the tote bag market size growth, although factors such as fluctuating operational costs including labor, logistics, and raw material costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tote bag industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. 

Key Tote Bags Market Driver

  • The personalization and customization of luxury tote bags is one of the key drivers supporting the tote bags market growth. 
  • In the luxury segment, leading market players offer customized and personalized products to enhance the aesthetic appeal of their offerings.
  • The extent of customization and personalization can vary from the strap and buckles to embroidery or the inclusion of a name tag.
  • Customization allows buyers to personalize their tote bags, which makes them more expensive than standard products. 
  • A rise in the customization and personalization of tote bags globally complements market growth due to the high price of these bags and through new purchases. This is expected to propel the value sales of the global tote bags market during the forecast period. 

Key Tote Bags Market Trend

  • Increased demand at airport retail stores is one of the key tote bags market trends fueling market growth.
  • The popularity of airport retailing is increasing across the world, and most major airports have undergone renovation to support large dedicated areas for retail stores and shopping centers.
  • Many national and international brands such as Samsonite and TUMI from Samsonite International and VIP have their retail outlets in domestic and international terminals across India. 
  • Due to an inevitable change caused by the COVID-19 outbreak, the airport management companies and luxury handbag retailers have overhauled their sales and marketing strategies.
  • The airports are great places to get consumers since there has always been a shortage of quality retail space in developing countries. Such strategies propel the value sales of the global tote bags market during the forecast period. 

Key Tote Bags Market Challenge

  • Fluctuating operational costs including labor, logistics, and raw material costs is one of the challenges limiting the tote bags market growth. 
  • The process of manufacturing tote bags includes the procurement and use of several raw materials, depending on the type of the bag.
  • One of the major raw materials used in manufacturing tote bags is leather. The process of leather manufacturing includes several steps that are highly regulated and further increase the price of leather as a raw material.
  • Transportation costs, which include taxes, duties, and fuel prices, are incurred by manufacturers at different steps. The major portion of the transportation cost incurred by a vendor consists of the cost of fuel, which fluctuates frequently.
  • An increase in transportation costs increases the cost of end products. However, since the market is highly competitive, it restricts vendors from increasing the prices of the end-products, thereby reducing profit margins. 

This tote bag market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global tote bags market as a part of the global apparel, accessories, and luxury goods market. 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 tote bags market during the forecast period.

Who are the Major Tote Bags Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Burberry Group Plc
  • Capri Holdings Ltd.
  • CHANEL Ltd.
  • Dolce and Gabbana Srl
  • Double R Bags
  • Giorgio Armani Spa
  • Hermes International SA
  • Kering SA
  • LVMH Moet Hennessy Louis Vuitton SE
  • Mulberry Group Plc
  • PRADA Group
  • PVH Corp.
  • Ralph Lauren Corp.
  • Ronak Industries
  • Samsonite International SA
  • Tapestry Inc.
  • Targus Inc.
  • Tods Spa
  • VF Corp.
  • VIP Industries Ltd.

 

This statistical study of the tote bags market encompasses successful business strategies deployed by the key vendors. The tote bags market is fragmented and the vendors are deploying growth strategies such as new product launches and mergers & acquisitions to compete in the market.

Product Insights and News

  • Burberryplc.com - The company offers tote bags such as Mini and Small Two-tone Canvas and Leather Freya Tote, Small and Medium Knitted Check Freya Tote, Medium Striped wool and Leather Freya Tote, and Medium Grainy Leather Frances Bag.
  • Capriholdings.com - The company offers tote bags such as Cotton Canvas Capri Stripes Shopper Tote, and Camera and Laptop Tote Bag.
  • Chanel.com - The company offers tote bags such as Chanel Black Caviar Leather Vertical Kelly Bag, Black Caviar Leather Vertical Kelly Bag Black, and Chanel Medallion Tote.

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.

The tote bags market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Tote Bags Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the tote bags market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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.

Which are the Key Regions for Tote Bags Market?

Tote Bags Market Market segmentation by region

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33% of the market's growth will originate from APAC during the forecast period. China and Japan and Germany are the key markets for the tote bags market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Growing urbanization will facilitate the tote bags market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic accelerated online adoption amid the temporary closure of physical retail stores due to the lockdown restrictions to curb the spread of the COVID-19 virus in the region. For instance, in March 2020, Reliance Industries Limited announced the launch of a luxury online fashion vertical through the premium retail e-commerce platform AJIO luxe. The platform has a variety of handbags from international brands, which offer a premium tote bag collection to Indian consumers. Thus, such expansion strategies by vendors are anticipated to drive the growth of the tote bags market in the region during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the Tote Bags Market?

Tote Bags Market Segmentation

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The tote bags market share growth by the offline segment will be significant during the forecast period. The growing retail industry and the establishment of numerous retail outlets are driving sales in this segment. These outlets offer consumers a wide range of tote bags to choose from and provide them with the convenience of finding everything under a single roof. Factors such as discounted prices, a comfortable shopping experience, and attractive shelf displays encourage consumers to buy varied types of leather handbags based on type, brand, and quality. Thus, the considerable growth in retail channels by vendors operating in the market across the globe will drive consumer familiarization with different types of tote bags and increase the sales of tote bags globally during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the tote bags market size and actionable market insights on post COVID-19 impact on each segment.

 

Tote Bags Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.37%

Market growth 2022-2026

$ 7.47 billion

Market structure

Fragmented

YoY growth (%)

5.29

Regional analysis

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

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Japan, France, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Burberry Group Plc, Capri Holdings Ltd., CHANEL Ltd., Dolce and Gabbana Srl, Double R Bags, Giorgio Armani Spa, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, PRADA Group, PVH Corp., Ralph Lauren Corp., Ronak Industries, Samsonite International SA, Tapestry Inc., Targus Inc., Tods Spa, VF Corp., and VIP Industries Ltd.

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, Market condition analysis for forecast period

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What are the Key Data Covered in this Tote Bags Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive tote bags market growth during the next five years
  • Precise estimation of the tote bags market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the tote bags industry across Europe, APAC, North America, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tote bags market vendors

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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 Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

  • 5.1 Market segments
    • Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
  • 5.2 Comparison by Distribution Channel
    • Exhibit 26: Chart on Comparison by Distribution Channel
    • Exhibit 27: Data Table on Comparison by Distribution Channel
  • 5.3 Offline - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
  • 5.4 Online - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Distribution Channel
    • Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 Europe - Market size and forecast 2021-2026
    • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.4 APAC - Market size and forecast 2021-2026
    • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.5 North America - Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 France - Market size and forecast 2021-2026
    • Exhibit 70: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Germany - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.13 Japan - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.14 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 Burberry Group Plc
    • Exhibit 93: Burberry Group Plc - Overview
    • Exhibit 94: Burberry Group Plc - Business segments
    • Exhibit 95: Burberry Group Plc - Key offerings
    • Exhibit 96: Burberry Group Plc - Segment focus
  • 10.4 Capri Holdings Ltd.
    • Exhibit 97: Capri Holdings Ltd. - Overview
    • Exhibit 98: Capri Holdings Ltd. - Business segments
    • Exhibit 99: Capri Holdings Ltd. - Key news
    • Exhibit 100: Capri Holdings Ltd. - Key offerings
    • Exhibit 101: Capri Holdings Ltd. - Segment focus
  • 10.5 CHANEL Ltd.
    • Exhibit 102: CHANEL Ltd. - Overview
    • Exhibit 103: CHANEL Ltd. - Business segments
    • Exhibit 104: CHANEL Ltd. - Key offerings
    • Exhibit 105: CHANEL Ltd. - Segment focus
  • 10.6 Kering SA
    • Exhibit 106: Kering SA - Overview
    • Exhibit 107: Kering SA - Business segments
    • Exhibit 108: Kering SA - Key offerings
    • Exhibit 109: Kering SA - Segment focus
  • 10.7 LVMH Moet Hennessy Louis Vuitton SE
    • Exhibit 110: LVMH Moet Hennessy Louis Vuitton SE - Overview
    • Exhibit 111: LVMH Moet Hennessy Louis Vuitton SE - Business segments
    • Exhibit 112: LVMH Moet Hennessy Louis Vuitton SE - Key news
    • Exhibit 113: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
    • Exhibit 114: LVMH Moet Hennessy Louis Vuitton SE - Segment focus
  • 10.8 PRADA Group
    • Exhibit 115: PRADA Group - Overview
    • Exhibit 116: PRADA Group - Product / Service
    • Exhibit 117: PRADA Group - Key offerings
  • 10.9 PVH Corp.
    • Exhibit 118: PVH Corp. - Overview
    • Exhibit 119: PVH Corp. - Business segments
    • Exhibit 120: PVH Corp. - Key offerings
    • Exhibit 121: PVH Corp. - Segment focus
  • 10.10 Samsonite International SA
    • Exhibit 122: Samsonite International SA - Overview
    • Exhibit 123: Samsonite International SA - Business segments
    • Exhibit 124: Samsonite International SA - Key offerings
    • Exhibit 125: Samsonite International SA - Segment focus
  • 10.11 Tapestry Inc.
    • Exhibit 126: Tapestry Inc. - Overview
    • Exhibit 127: Tapestry Inc. - Business segments
    • Exhibit 128: Tapestry Inc. - Key offerings
    • Exhibit 129: Tapestry Inc. - Segment focus
  • 10.12 VF Corp.
    • Exhibit 130: VF Corp. - Overview
    • Exhibit 131: VF Corp. - Business segments
    • Exhibit 132: VF Corp. - Key news
    • Exhibit 133: VF Corp. - Key offerings
    • Exhibit 134: VF Corp. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 135: Inclusions checklist
    • Exhibit 136: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 137: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 138: Research methodology
    • Exhibit 139: Validation techniques employed for market sizing
    • Exhibit 140: Information sources
  • 11.5 List of abbreviations
    • Exhibit 141: List of abbreviations

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.

TechnavioINFORMATION 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
Technavio

TechnavioDATA 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
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Tote Bags Market market growth will increase by $7.47 bn during 2022-2026.
The tote bags market market is expected to grow at a CAGR of 6.37% during 2022-2026.
Technavio has segmented the tote bags market market by distribution channel (Offline and Online) ,geography (Europe, APAC, North America, Middle East and Africa, and South America) , and geographic (Europe, APAC, North America, MEA, and South America).
Burberry Group Plc, Capri Holdings Ltd., CHANEL Ltd., Dolce and Gabbana Srl, Double R Bags, Giorgio Armani Spa, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, PRADA Group, PVH Corp., Ralph Lauren Corp., Ronak Industries, Samsonite International SA, Tapestry Inc., Targus Inc., Tods Spa, VF Corp., VIP Industries Ltd. are a few of the key vendors in the tote bags market market.
APAC will register the highest growth rate of 33% among the other regions. Therefore, the tote bags market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Japan
  • France
  • UK
  • Germany
The key factors driving the tote bags market market growth are:
  • Personalization and customization of luxury tote bags
  • Increased demand at airport retail stores
The tote bags market market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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