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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 | Dec 2013

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
$96bn
Annual Growth 08-13
2.2%
Annual Growth 13-18
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Profit
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Employment ('000)
1,659
Businesses
60,489
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 Analysis

Companies in developed economies have long been shifting from manufacturing handbags and accessories domestically to importing these goods from developing economies with lower production costs. Manufacturers of less expensive industry products are mainly located in the emerging regions of Asia and South America. In contrast, designers, large wholesalers and retailers are mostly located in Europe, the United States and developed Asian countries such as Hong Kong and Japan. Consequently, international trade has been a key feature of the industry over the past five years. Fashion trends and changes in general economic conditions have also affected the industry. Consequently, IBISWorld expects industry revenue to increase at an annualized 2.2% over the five years through 2013... 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
Handbags, purses and clutchesLuxury handbagsHeadwearGloves and mittensMen's neckwearOther accessoriesBelts
 
Industry Activities
Manufacturing handbagsManufacturing apparel and clothing accessories from leather or a 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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