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 begun spending what they delayed during the recession. In the coming years, demand for handbags and accessories will grow as conditions in the global economy strengthen, especially in Western Europe and North America. As growing disposable incomes translate into higher consumer sentiment, individuals will likely make purchases that were postponed during the period of economic hardship following the recession... read more
Industry Key Buyers
Market share concentration in the Global Handbag and Purse Manufacturing industry has increased slightly, with industry establishment growth slightly outpacing enterprise growth over the period. This trend has been driven primarily by 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, with no single company expected to account for over 1.0% of revenue in 2016. The very high labor intensity of most of the industry's production lends itself toward many small operations. Whi.. read more