LONDON--(BUSINESS WIRE)--Technavio has been monitoring the clutch bag market and it is poised to grow by USD 4.92 bn during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Hermès International, Kering SA, LVMH Moët Hennessy - Louis Vuitton, Ralph Lauren Corp. and Tapestry Inc. are some of the major market participants. Although the growing demand for luxury clutch bags will offer immense growth opportunities, fluctuating labour and raw material costs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growing demand for luxury clutch bags has been instrumental in driving the growth of the market. However, fluctuating labour and raw material costs might hamper market growth. Request a free sample report
Clutch Bag Market 2020-2024: Segmentation
Clutch Bag Market is segmented as below:
Distribution channels
- Offline
- Online
Geographic segmentation
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40745
Clutch Bag Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our clutch bag market report covers the following areas:
- Clutch Bag Market size
- Clutch Bag Market trends
- Clutch Bag Market industry analysis
This study identifies vegan leather and eco-friendly materials for clutch bags as one of the prime reasons driving the clutch bag market growth during the next few years.
Clutch Bag Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the clutch bag market, including some of the vendors such as Hermès International, Kering SA, LVMH Moët Hennessy - Louis Vuitton, Ralph Lauren Corp. and Tapestry Inc. Backed with competitive intelligence and benchmarking, our research reports on the clutch bag market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Clutch Bag Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist clutch bag market growth during the next five years
- Estimation of the clutch bag market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behaviour
- The growth of the clutch bag market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of clutch bag market vendors
Table of Content
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
- Market outlook
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Market segmentation by distribution channel
- Comparison by distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by distribution channel
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Customized clutch bags
- Vegan leather and eco-friendly materials for clutch bags
- Increasing fashion sense of customers and spending on personal goods
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Burberry Group Plc
- Capri Holdings Ltd.
- CHANEL Ltd.
- Dolce & Gabbana Srl
- Global Brands Group Holding Ltd.
- Hermès International
- Kering SA
- LVMH Moët Hennessy - Louis Vuitton
- Ralph Lauren Corp.
- Tapestry Inc.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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.
