Global Handbag & Purse Manufacturing

Global Handbag & Purse Manufacturing


Demand for handbags and clothing accessories weakened over the past five years as consumers in recession-hit countries held off on nonessential spending. Demand for higher-priced luxury products, however, increased in Asian markets as incomes in the region rose. Companies that operate in developed economies are increasingly sourcing accessories and handbags from manufacturers in China, where production costs are lower. The industry is forecast to grow over the next five years as conditions in the global economy strengthen and disposable incomes and consumer sentiment increase.
Operators in this industry manufacture handbags, purses, wallets and other articles normally carried in the pocket or handbag (apart from jewelry and watches). The industry also comprises establishments that manufacture articles of apparel and clothing accessories made from textiles and other fabrics (other than those for babies) and headgear of all materials.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.