Technavio's Report on Handbags Market in India Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, and Latest Trends and Drivers

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NEW YORK, Jan. 18, 2022 /PRNewswire/ -- The latest report by Technavio on the handbags market in India infers that the expansion of the retail and online distribution landscape is driving this market's growth, resulting in market growth of USD 207.51 million from 2020 to 2025.

Attractive Opportunities in Handbags Market in India by Product and Distribution Channel - Forecast and Analysis 2021-2025
Attractive Opportunities in Handbags Market in India by Product and Distribution Channel - Forecast and Analysis 2021-2025

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Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying growth strategies such as product innovation to compete in the market.

Baggit, Capri Holdings Ltd., Da Milano Leathers Pvt. Ltd., H & M Hennes & Mauritz AB, Hidesign, Kering SA, Lavie, LVMH Moet Hennessy - Louis Vuitton, The House of Tara, and VIP Industries Ltd. among others are some of the few key vendors competing to maintain their market position in the market.

View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

  • Handbags Market In India: Product Landscape:

  • Handbags Market In India: Distribution Channel Landscape:

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Latest Trends and Drivers in the Handbags Market in India

  • Market Driver:

Vendors are increasing their production and distribution across India. Distributors play an important role in the supply chain of several consumer goods, including handbags. The retail landscape is evolving across the world, with changes in consumer purchasing behavior and buying practices. The purchasing preference of consumers is shifting from conventional stores to online channels. The increasing Internet connectivity and the growing adoption of smartphones further support the online retailing of handbags in India. These factors will drive the sales of handbags through online retail channels in India during the forecast period.

  • Market Trend:

Many global and local vendors in the handbags market in India are adopting marketing strategies such as product endorsement to increase their sales. Celebrity endorsements help vendors in gaining the attention of customers and improving the popularity of their products. This, in turn, is expected to fuel the sales of handbags among consumers across the country. In addition, celebrity endorsements help in developing and strengthening the trust of customers in the quality of products offered by their brands. This, in turn, is expected to foster the growth of the handbag market in India during the forecast period.

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Handbags Market In India Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

USD 207.51 million

Market structure

Fragmented

YoY growth (%)

4.24

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Baggit, Capri Holdings Ltd., Da Milano Leathers Pvt. Ltd., H & M Hennes & Mauritz AB, Hidesign, Kering SA, Lavie, LVMH Moet Hennessy - Louis Vuitton, The House of Tara, and VIP Industries Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio