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