Industry Analysis & Industry Trends
International trade has been a key feature of the industry over the past five years, while fashion trends and changes in general economic conditions have also affected industry revenue. This is because demand for the Global Handbag and Purse Manufacturing industry weakened over 2008 and 2009, as consumers in recession-hit countries postponed nonessential spending. However, demand for higher priced luxury products increased in countries such as China. Consequently, over the next five years, demand for handbags and accessories is expected to grow as conditions in the global economy strengthen, disposable incomes grow and consumer sentiment recovers... read more
Industry Key Buyers
Concentration in the Global Handbag and Purse Manufacturing industry increased slightly in recent years due to mergers and consolidation among industry participants. Concentration is also expected to increase slightly in future years as this trend continues in a saturated and mature industry.
The industry is highly fragmented. No single company is expected to make up more than 1.0% of revenue in 2013. The very high labor intensity of most of the industry's production lends itself toward many small operations. While large-scale manufactures operate in China and Europe, newly industrialized countries also have a large number of small businesses that manufacture apparel accessories and handbags... read more