Dallas, Texas (PRWEB) June 27, 2014

Handbags are perceived as the ultimate commodity that provides access to the very heart of the most important economic powerhouse: female consumers. Women consider handbag as a mobile survival kit that helps them control many things at one time. It has been found that 95% of women in developed countries own at least a handbag regardless of age, religion, profession, marital status or level of prosperity. Handbags not only serve the function of keeping the valued possessions of women, but they have also attained the power of determining the individual fashion statement of people as well as their social status. Also, due to increasing participation of women in the labor force worldwide, the amount of expectation from a handbag has grown and is expected to grow even further in the years to come.

As per the report “Global Handbag Market Report: 2014 Edition” rising number of high net worth individuals, accelerating online sales trend, improvement in global economic growth and increasing potential of emerging markets are providing immense growth opportunities for the handbag market worldwide. One of the significant factors providing a tailwind to the global handbag market is the aggressive presence on social media and fashion shows.

The market for handbags is very vast and can be segmented on the basis of various factors, which influence the buying pattern as well as the sales of handbags. Handbag manufacturers and sellers deal either in all the segments or focus on some special segment. A broad classification of handbags is done on the basis of their usage, sales pattern, and durability. The leading players of the market include Channel, Gucci, Louis Vuitton, Hèrmes, Prada, Burberry and Michael Kors, among others.

Purchase a copy of this report @ http://www.marketreportsonline.com/contacts/purchase.php?name=343438.

The report presents an exhaustive study of the global handbags market along with the detailed description of the US market. The report analyzes the development of respective market, with focus on women’s accessories and handbag industry. The major trends, growth drivers as well as issues being faced by the industry are discussed in detail in this report. The company profile section of the report covers detailed description of the players operating in the aforementioned industry along with their key financials and strategies for growth.

Major points from Table of Contents (http://www.marketreportsonline.com/343438-toc.html) are listed below:

List of Tables

The US Accessories Market by Classification (2012)

Women Handbags Wearer Age Groups in the US (2012)

UHNWI Population by Region (2013 and 2023)

Luxury Goods Market in Emerging Markets (2012)

Top 10 Most Searched Luxury Handbag Brands Globally (2013)

Handbags Import Duty in Various Countries (2013)

Financial Comparison of Key Players (2013-14)

Comparison of Key Brands in North America (2013)

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