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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 2015

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 resumed spending they delayed during the recession. Additionally, international trade has been a key feature of the industry, as companies that operate in developed economies such as the United States and United Kingdom outsource industry products from emerging economies, such as China, to reduce costs. Over the next five years, the global economic recovery will continue to boost industry demand... read more

Starting a New Business

Barriers to entry in this industry are medium, although they are increasing, given the general availability of offshore contract manufacturing.

Barriers to entry are lower in countries such as China, Vietnam and India. Governments and companies in these countries actively seek foreign investment to develop the industry and utilize the comparative advantage they have over more developed countries. Firms in these countries also have greater access to cheaper labor. Manufacturers from developed countries have to compete with low-cost countries and large multinational companies that have the capability to set up manufacturing operations overseas.

Manufacturers need access to wholesale and retail distribution networks... 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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