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
Industry Key Buyers
Market share 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.
The industry is highly fragmented. No single company is expected to make up more than 1.0% of revenue in 2015. 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