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Global Handbag & Purse Manufacturing: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global Handbag & Purse Manufacturing Market Research Report | Jan 2016

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Handbag & Purse Manufacturing global market research report offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Forecast
Revenue
$106bn
Annual Growth 10-15
2.2%
Annual Growth 15-20
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Profit
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Employment ('000)
1,789
Businesses
62,167
Industry Analysis & Industry Trends

Demand for the Global Handbag and Purse Manufacturing industry has resurged over the past five years, as global economic conditions have improved and consumers have begun spending what they delayed during the recession. In the coming years, demand for handbags and accessories will grow as conditions in the global economy, especially in Western Europe and North America, strengthen. As growing disposable incomes translate into higher consumer sentiment, individuals will likely make purchases that were postponed during the period of economic hardship following the recession... read more

Industry SWOT Analysis

The industry's life cycle stage differs across continents. The industry is growing rapidly in newly industrialized nations like China and Vietnam and declining in the developed economies, where outsourcing is prevalent. Many companies in the United States have ceased local manufacturing, and instead source products from countries with lower production costs. This practice has led to rapid declines in industry revenue in North America over the past five years. The industry is mature in parts of Europe, as nations such as Italy and France benefit from rising high-end demand from newly industrialized nations. Handbags and clothing accessories manufactured in Europe are well known for their luxury status; European products often serve as a symbol of status across the world... read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Global Handbag & Purse Manufacturing Industry?

Industry operators manufacture handbags, purses, wallets and other articles (apart from jewelry and watches) typically carried in a pocket or handbag. The industry also comprises establishments that produce apparel and clothing accessories made from textiles and other fabrics (other than those for babies) and headgear of all materials.

Industry Products
HeadwearGloves and mittensMen's neckwearBeltsToteClutchSaddleOther handbags
 
Industry Activities
Manufacturing handbagsManufacturing apparel and clothing accessories from leather or composition leatherManufacturing knitted or crocheted gloves, mittens and mittsManufacturing headgear and accessoriesManufacturing apparel and clothing accessories from plastics or vulcanized rubberManufacturing pantyhose, tights, stockings, socks and other hosiery


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