New StrategyR Study Highlights $ 51.2 Billion Global Handbag Market by 2026
SAN FRANCISCO, October 1, 2021 A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Handbags – Global Market Trajectory & Analytics”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 16; Posted: April 2021
Executive pool: 1163
Companies: 231 – Actors covered include Hermes International SA; Kering SA; LVMH Moët Hennessy – Louis Vuitton; Prada SpA; Tapestry, Inc. et al.
Blanket: All major geographies and key segments
Segments: Hand bags
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Handbag Market To Reach $ 51.2 billion by 2026
In the midst of the COVID-19 crisis, the global handbag market estimated at US $ 41.6 billion in 2020, is expected to reach a revised size of US $ 51.2 billion by 2026, with a CAGR of 3.5% over the analysis period.
The US market is estimated at $ 11.6 billion in 2021, when China is expected to reach $ 10.4 billion by 2026
The handbag market in the United States is estimated at $ 11.6 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 10.4 billion by 2026, with a CAGR of 6.3% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 1% and 2.6% respectively over the analysis period. In Europe, Germany is expected to grow at around 1.7% CAGR. Following
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About Global Industry Analysts, Inc. and StrategyR ™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
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